Coinbase Pro Starts to Charge Withdraw Fee

justyy (82)in #wherein • 4 years ago

Coinbase pro previously known as GDAX is now charging the withdraw fee.

Changes to Coinbase Pro withdrawal fees
To ensure a smooth and secure experience for our customers and reasonable transaction processing times, Coinbase Pro will begin implementing crypto withdrawal fees starting today based on our estimate of the network transaction fee. This network fee will always be fully disclosed to you at the time of your withdrawal on pro.coinbase.com or within the Coinbase Pro mobile app.

Historically, Coinbase Pro has absorbed these fees on behalf of our customers. However, as crypto has begun to gain broader adoption in applications like DeFi, payments, and other projects, networks have gotten busier which leads to longer wait times and higher fees as users compete to get their transactions confirmed faster.

Note that Coinbase does not charge network fees for cryptocurrency transfers from one Coinbase wallet to another or transfers between verified Coinbase email accounts. Additionally, there are still no fees for having a Coinbase Pro account and you may hold funds as long as desired.

I like Coinbase pro a lot because its trading fee was lower than Coinbase. You can however transfer cryptos or cash/funds between Coinbase pro and Coinbase - the latter has a much easier use interface but also a higher trading fee.

So, workaround is that, you can transfer funds to Coinbase, and then withdraw to your paypal account for free.

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