What did I do wrong to get charged so much ? Hi Ryan, I think you might be able to inform me as to why a very modest withdrawal (0.01 eth) from Coinbase to another much smaller exchange has cost me about 75% in transfer fees. Thanks. How To Withdraw From KuCoin To Bank Account | KuCoin To Coinbase | STEP BY STEP MJ PRENEUR 1.96K subscribers Subscribe 17K views 1 year ago In this video, I show you how to withdraw from. Hey Mike! I just want to buy 1 BTC and be able to sell it and cash it in when I decide without waiting hours or days for the sale and for my Coins value to be converted and redeposited in my bank. Tether (USDT) | Coinbase Help I would do all crypto buying/selling/trading at Binance.us due to their low fee model. Always test with small amounts first though to make sure the QR code or wallet address is correct. I want to hold longer term but may want to buy more crypto with fiat and once in a while take out a little profit in USD. If you decide to use Paypal, you will be charged Paypal's transaction fees along with the fees from Coinbase. The regular Coinbase is more costly and complicated to understand. If you took all your coins and sent them to your hardware wallet, you would have all your coins (not Coinbase). Can u help? But while you're still learning about those parts of the service, it's also important to understand its spending limits. I am a baby boomer and curious about crypto. I dont use crypto currency for anything yet. 12 Cheapest Crypto to Transfer to Your Wallet (Lowest Fees) - CoinWire Of course, none of this is investment advice. From there, they would have ownership of that BTC in the personal Coinbase account attached to the email address. Coinbase charged .00002699 or $1.25 for the withdrawal. For the trade you need to pay a trading fee of 0.1% to kucoin. Sign Up For Coinbase Here + Get $5 Free Bitcoin! Thank you for your response. Im new to the crypto world and I used Coinbase initially. I had wanted to withdraw the resultant crypto to my own wallet, but as it was an ERC20 based token, the withdrawal fee amounted to 16% of the crypto I wanted to store in my wallet! I am still confused about coinbase pro fees. Can you think of any other options besides Coinbase that I should consider? Bitcoin Cash BCH 7. Check back on Coinbase and see if the address you pasted here matches the one there. For other cryptos, its pretty tough to automate right now! I am trying to figure out how much it is going to cost me in commission to get my cash out. If not, get one now so to keep your coins safe! 2. How To: Move Funds to KuCoin Cheaply - Publish0x However, they do have it for fiat. I had some small holdings in Coinbase, which I converted to BTC and transferred to Binance to purchase an altcoin. Withdrawls are free so its pretty great. I hope this helps! Once done, search for the cryptocurrency that you wish to withdraw and click on the withdraw button.. I am curious if you have a recommendation on which exchange I should use that can both automate my purchases weekly but also transfer to my ledger I am going to order. Theres no fee to own BTC just fees to trade and transfer BTC. Seems that Gemini charges a percentage on the spread, instead the others charge based on the amount of transaction. For instance, Im left with 2 cents in Filecoin on Coinbase because I couldnt transfer the exact amount to Coinbase Pro. But it all depends on your trading amounts. I would use Gemini its a legit exchange created by the Winklevoss twins. Important: at this time, Coinbase only supports USDT on the Ethereum blockchain (ERC-20). Here you can see all the coins that you have, and any coin that you want to withdraw. So I wouldnt think twice about it as long as you have the seed stored and saved somewhere SUPER safe. Here are the steps to enable it: https://support.gemini.com/hc/en-us/articles/360055204691-How-do-I-enable-Gemini-ActiveTrader-. All you have to do is make your first crypto purchase after signing up. Heres a helpful article to explain further. Mostly likely, the most usable coins will succeed and the rest will fail. Coinbase Pro and Coinbase differ in fee structures. Exactly! Id like to DCA to cold storage in the EU, which means the withdrawal fees play an important role. You will see all different coins available on the exchange. Additionally, because you are transferring the asset rather than selling and repurchasing, a taxable event is not created. Also if I use my own is there a fee for transferring to my own wallet and then another one for transferring them back when I want to selll. Gemini when I want to on-ramp with cash and move to a stable coin then to an exchange or interest-earning platform. For these reasons, some members may want to transfer their crypto assets from KuCoin to another crypto platform. If your sending to a bitcoin address, check that its the right bitcoin address. Cookie Notice I been buying and selling on CB Pro and the only thing I dont like is the maker and taker fee. Kucoin was founded by a group with a passion for the blockchain who had already built up strong reputations at industry giants, such as GF Securities, Ant Financial, Youling, Jianbang Communication, and iBOX PAY. But when I google Binance, for instance on Reddit, there are a lot of warnings to stay away. Heres my referral link for Binance.us & Gemini if you need to sign up still. Personally, Im just about ready to sell some coins I bought last year and take some profits so I have a decent amount of long-term gain coins in my Binance.us wallet (that I moved from my ledger for a pretty fee) right now with limit sells. Sadly, theres nothing you can do besides hold and send it when fees dip. If I try to sell it all now and coinbase gives me a price thats lower than the market rate (or what it says is in my portfolio) and then also tries to charge me about $600 in fees. You can search which coin you want to send as well, if you have too many assets, it would be easier this way than checking the whole list one by one. When youre ready to sell, you just send that coin back to your preferred exchange with a great fiat off-ramp and then sell it. I plan to write about an article comparing the two. Ive been a holder up this point, but I think I want to try trading the swings for a minute. In the past several days I have had 5 Limit buy orders filled on Coinbase and have been charged a fee for each trade. Hello Ryan, I see you were charged $1.35 to move 1BTC out of Coinbase. In your personal wallet, you generally get to decide how high of rate youd want to pay for faster or slower confirmations. Not keen on paying fees to just hold in another more secure wallet since holding for long term. They service all states I believe and their fees are perhaps even lower than binance.us. I was notified it was executed and it says the fee was 0.00001477. Hi Ryan greetings from Korea. My question is, when is the right moment to trade between coins in order to increase the amount of crypto coins in your wallet. Glad to hear it! A total sum of 0.017 eth! Right now, I am personal buying BTC from Strike and moving it to my Ledger once in a while. Are you insinuating the tax implication of capital gains when trading swapping between coins at a profit? Otherwise, I feel safe with them on the exchanges for short term trading. Coinbase is one of the most widely used crypto exchanges around. Beware when choosing the network which you want to use for sending crypto. I am at the beginning of journey and learning.. Can you help with these two questions please: 1) For small amounts of ETH from coinbase I have realized I am paying at least $25 for each transaction. Something went wrong while submitting the form. So you have the Wallet app by Coinbase that has some BTC on it? Doing so requires a verified Coinbase account and an address. Your decisions are yours alone and we are in no way responsible for your actions. I left an order to buy 178 GRTBTC at 0.00001660. Percentage the same! The platform also features advanced crypto trading strategies such as margin trading. Mithat Can zdemir is an editor in CaptainAltcoin. If you want simplicity, I would buy the BTC on Coinbase Pro and just hold it in your Coinbase Pro wallet. The fact that U.S. users can't get verified means KuCoin can offer a wider range of tokens and advanced crypto trading tools . Depending on how fast the cryptocurrency network of the coin youre sending is, you should see your assets appear in your Coinbase account in anywhere from five minutes to one hour. Hi, I'm Ryan. Only issue is potential tax implications (at least here in the US). does coinbase or coinbase pro charge a fee to send to kucoin? However I just dont speak the language and am Easily overwhelmed. Scan this QR code to download the app now. How To Transfer Crypto (BTC, ETH, ADA etc) From Gate.io to Binance? Make sure that you select the correct address and network. I wish I could help, but this is out of my scope. My external wallet now has .0027993 BTC or $100.25 (dollar value of BTC increased slightly between time of transaction and my writing this), however my transaction summary shows the transaction was 2276 bytes which cost .00181940 BTC or $65.30. It is very helpful! However, my math generally shows that Binance.us is still cheaper than Gemini and Coinbase when factoring in the withdrawal and trading fees. Now when I start the process to Buy additional crypto the only options are to withdraw money from my bank account to pay for it, instead of utilizing the existing USD balance in my Coinbase account. I did read something about using BNB to pay for fees, but I dont know if that would work with ERC20 based tokens. So, I want to move the money over to Binance but as a coin. Theres no way around this problem. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. I have a binance account because I transferred some of my ETH to binance a while ago to buy other smaller coins years ago. I started to move $1000 and it said $892 would go to wallet and I cancelled Does this sound normal? Hi Ryan. Hi Ryan, I left the US for the winter and brought my ledger and trezor with me on the plane. Thank You. I believe charges are double? Here are some of the tools and services to help your portfolio grow. Well done! Am I correct? Theres nothing you can do those fees are determined by the network. Especially at the end there could be a banner or message of some sort, but no; it just froze. The fee to transfer funds on Ethereum or USDT from KuCoin is currently $25. You will see a full write up of your transactions in digital and local currency in addition to the fees youre being debited on the confirmation screen. I just moved 1 BTC a week or so ago and it cost 0.0000417 BTC which was around $1.35 to move over $35K in BTC. For some, KuCoin can be overwhelming as it was designed for advanced traders. I think the SAFEST thing to do is buy from Coinbase and pay the withdrawal fee as you are now. $10 Bonus (When You Deposit $100+)Download You then have to copy-paste your wallet address from Coinbase and paste it into Kucoin. Eventually there might be atomic swaps for free off the exchanges. BrokeragePromotionLink As of right now, KCS is not available on the Coinbase Exchange. I dealt with that too when FL wasnt allowed. Theres a lot out there to compare! The first way is to buy and hold KCS coin (KuCoin's own token). Am awaiting to be approved on a few other exchanges to see how they are ( binance taking forever). Coinbase Pro, on the other hand, is a cryptocurrency exchange. At least Korean exchanges show you upfront what the minimum amount you can withdraw is and deduct the coins from the amount you send but whats with coinbase and crypto ( two exchanges I have tested so far) that dont even show the fees in advance ( was slammed with 50doge of withdrawal fee on a 100doge minimum transfer) . So does that mean you are only keeping 15% of you holdings in your hardware wallets? Sir if I send $100 from coinbase to my friend wallet other than coinbase. Coinbase Pro has the same security features as the normal Coinbase platform. Transferring assets from KuCoin to Coinbase is actually quite simple. For more information, please read our, How To Transfer From KuCoin To Coinbase 2023, How To Transfer Crypto From KuCoin To Coinbase, 3. You can make a selection on this page, or you could go to the trade section and click on buy near the coin you want to deposit into as well. In this article, we provide instructions on how to transfer crypto from KuCoin to Coinbase, step by step. Hey Garrick! Send Crypto From KuCoin To Coinbase Wallet, Conclusion: Transfer Crypto From KuCoin To Coinbase. How To Transfer Crypto (BTC, ETH, ADA etc) From Kraken to Binance? With Coinbase and just about any exchange, youll want to send out your crypto in bigger blocks to keep your fees low. Coinbase does have very low withdrawal rates, BUT high buying fees. You did not mention if Coinbase charges a fee if I cancel my buy or sell orders? Please help! In a transaction as a maker, you will be making your own offers. Double-check that the information is accurate before withdrawing as errors in most cases will lead to lost funds.. Hey Blake! Coinbase Pro offers a much better deal compared vs Coinbase. For more information, please see our If you use Coinbase or Coinbase Pro you are subject to some sort of transaction fee. But honestly, Binance.us is very secure I wouldnt be very worried about holding a decent amount of coin in your wallet with them when youre ready to off-ramp to cash. If you are logged in, you will see at the top right corner your Assets button and when you click it, a dropdown list will show up. This could present itself as a potential opportunity. What is the best coin to move between Coinbase and KuCoin? With Coinbase & Coinbase Pro, there isn't a direct withdraw fee. Instead, you have to buy it via the Kucoin Exchange. After logging in you can close it and return to this page. The maker/taker fees are one of the lowest in the industry right now when you have Active Trader enabled. KuCoin vs Coinbase | Which is better in 2023? - Marketplace Fairness Do you use a hardware wallet yet? Different cryptos have different withdrawal fees! Open your Coinbase account on one browser tab and your KuCoin account on another browser tab. I think this would be the lowest fee route and the least amount of work/effort/risk. Convert 250 tether to USD it wanted almost $100 in eth!!! Kucoin To Coinbase - How To Withdraw Crypto From Kucoin To - YouTube I have been trading for less than 2 mos and am still tring to learn. Hello Ryan I am new to cryptocurrency and just downloaded a crytpowallet from Coinbase. Youll ever need to transfer it out and pay the mining fee (if you plan to hold it) or youll exchange it to cash for a fee to withdraw to your bank account. What Im doing right now is stocking up on my ERC20 coins and waiting to bulk withdraw them from Binance or Coinbase when fees are lower or when I have enough to justify the network fee to withdraw. Quick question. Buying cryptocurrency using a limit purchase or limit order is a simple way to save money on trading. Currently, Coinbase has all your coins. To see a full list of all withdrawal fees and minimums by coin, take a look at KuCoin's fee schedule here. When you are buying BTC through Coinbase, the amount of your fees is automatically deducted from the total amount of your order. Coinbase does not charge to or from their wallets. Thank you, you info seems very clear. So, let's say, you entered $100 into the app as the amount you are wishing to buy. Log in to your Binance account and go to the "Withdraw" page. Can You Really Avoid Paying Coinbase Fees? On top of the Coinbase transaction fees, you may see some fees outside of your Coinbase account - we're talking fees from your own bank. I did that in the end and without realising it they actually charged me .5% (even though it was a maker order of 54k). I find Ben Cowen to have the best information on the web for cryptocurrency check out his youtube channel and specifically this video: https://www.youtube.com/watch?v=auynRFS9uLQ. I still have a problem with Coinbase. Its also instant. Coinbase does have pretty low withdrawal fees so I wouldnt worry about it too much. Another option to consider is using Gemini Active Trader. There are some funds though called GBTC but I think the commission fees are pretty high. However, I am looking for an App that is easier to use and charges no/low fees. However, that runs the risk of trusting Binances security while the crypto is stored with them. It is the main go-to for people who like to invest in cryptocurrency. Youre right the withdrawal fees from Binance.us are quite high if you want to move coins around in small amounts. Thanks. However, to send/receive crypto, you do need to verify your account. Coinbase Is Down 85% From Its High: 3 Reasons to Buy How to Transfer from KuCoin to Coinbase CryptoChronicle.io To lower your fees during your withdrawal, I recommend selecting a fast and low fee coin to do so. I purchased a small amount BTC on Binance, however; If I want to move it to my wallet the fee is very high. Robinhood provides an easy-to-use free trading platform for beginner investors. Gemini is simpler to use than Binance.us but more expensive. Thanks for reading through the article even though it may have been too complex for a beginner. I tried again and again to no avail. sup ryan I see Im about a year later than these comments. So unfortunately, there is no way to skip this fee. Hi Ryan Are there any low cost cryptos that you would suggest buying at this stage to get some decent gains. For instance if I bought some ETH then I would need to invest a lot which I cant do. The safest bet is USDT since itll hold your monetary value at the exact dollar while you figure out your next moves. Hi Ryan, loving your articles, I live in the UK and would love to get into cryptos it seems the way forward, but I havent got a clue where to start. How to Transfer USDT from Binance to KuCoin? | CoinCodex In other words, it helps you get access to Bitcoin and it charges you a big fee for it. Yes, technically you are trading one for the other so theres a fee. If they dont have an account, theyll have time to create one and claim it. If you dont have a Binance account yet, please us my referral code for Binance.us or Binance.com. I have definitely left some spare change on CB. The buying price you choose should be lower than the current selling price in the limit order. Members also loves its educational resources and the capability to earn crypto. EB. Should I transfer to coinbase pro before sending to my Ledger for less fees? Does it cost anything in terms of fees to send Bitcoin to an email? But please do be vigilant of taxes when trading coins to move them out of your Coinbase wallet. I have been buying crypto through Coinbase Pro for just over a year now my portfolio consists mainly of ETH but I also have shares in 6 or 7 other listed companies on Coinbase Pro. While Coinbase's fees are pretty high in comparison to other brokers, so it's nice to avoid paying them if you can. At that point the law-of-insanity definition kicked in, i.e. And they can add up, especially if you use the service often. Now, you have select the coin you like transfer. There are always fees to send bitcoin since the fees pay the miners/network to validate/verify the transaction as legitimate. What does this mean? I am trying to deposit USDT to Kucoin - Reddit Cheapest Way to Transfer Money to Kucoin TRON (TRX) Tron is one of the cheapest networks you can use to move assets through and charges a flat rate $1 transaction fee which saves the hassle of calculating how much you are going to pay or trying to figure out whether it is worth it or not. Crypto Exchange | Bitcoin Exchange | Bitcoin Trading | KuCoin I dumped $100K into BTC, ETH, and LTC awhile back and now its worth around $500Kbut the fees to get it out of Coinbase Pro are absolutely ridiculous. One thing to remember is that bank account fees for buying are at a much lower rate compared to using a card. You should be able to just buy with the USD in your account. Odds are in favor the fee's are quite low anyways (or better than taxes)! After reading your post, I suppose I should (1) setup a coinbase (and pro) account, then ask the donor to transfer to my coinbase wallet. If you would like to transfer the funds you have on Kucoin, to Coinbase, follow these simple steps and you will be able to transfer the funds. Additionally, will there be a fee if I transfer from my coinbase Wallet to someone elses coinbase pro? One other option is to exchange into a coin like XLM or LTC to get off the exchange and then exchange it back. Once you pick this, you will then have the option to move the funds over from Coinbase. My plan is to eventually buy Theta. Hi, I just want to know about withdrawing funds. There are cheaper options such as XLM, but I chose ALGO because there are no memos involved and one less item of complexity. With Kucoin, you can keep it on their exchange until you do get yourself a wallet. If youre cashing out or taking profits in fiat, I would move the crypto from Coinbase to Coinbase Pro to sell it and then withdraw to fiat from CBP. Also, the cost is the same whether you send it to KuCoin or Binance.us or Gemini. Most coins have Deposited and Withdraw buttons on the right side, a few can occasionally get temporary or maybe even permanent disabled deposit or withdraw function. If the coin you want to deposit is a different one than what you see, click on asset and change it. Let's take a step-by-step look at how to transfer USDT from Binance to KuCoin. What would you do if you were starting from the beginning and wanted to buy Theta? There is no my wallets button top right.. Next, click on Portfolios at the upper right area on the screen and then press Deposit.. Then, navigate to Assets > Main Account (Deposit & Withdrawal). You have successfully sent 0.09115443 ETH to 0xCd17d2..You can view transaction details in your Coinbase account. Im not a financial advisor nor a certified tax specialist BUT from what I know, yes, you would be paying capital gains on that Robinhood sell. Also, the fee itself is flat it seems across all withdrawals so the fee will be the same whether you move out 30 ETH or .5 ETH. Depending on which blockchain you are using, transfer speeds can either be slow (Bitcoin, Ethereum) or fast (Solana, Cosmos). Id recommend getting a wallet off the exchange to send to first from Coinbase and then from that wallet send it to bitflyer. Is there a difference in Coinbase fees going to Coinbase Wallet versus Ledger? You can have them transfer the coin directly to your CBP account with the most updated address and then withdraw to fiat. It is free to withdraw your cash after paying the selling fees. To put Kucoin's youth into perspective, the research and development team was only assembled in May 2017. Even though the stock is up 55% so far in 2023, it's still down 85% from the all-time high set in Nov. 2021 (as of this writing). Honestly, ETH fee is one of the issues that needs to be solved in the short and long term. How To Transfer Coins From Binance To Trezor? Thanks. Regardless of whether youre buying or selling the digital currency BTC, you will always receive an automatic charge for any necessary fees. I want to send $3000 US$$$ Bitcoin to a person in Dubaiusing RockitCoin here in the USA. The first step is to log into your Kucoin account in order to withdraw. How to fund Gate.io or Kucoin with zero fees and 6-second transfer Can you confirm? Vertcoin VTC 5. Youre looking at about 100 in fees to buy and then most likely the same to sell (depending on when you sell). With that said, Coinbase Pro doesn't charge a fee to add money to your account because it isn't a broker. Here is how to Transfer funds from Coinbase to KuCoin: Advertisement First, you need to log in to KuCoin using your account credentials. If you need more info, you can read my comparison between Coinbase vs. Coinbase Pro. The analyst is bullish on Coinbase stock for one simple reason that rewards currently outweigh the risks. The cheapest but can take several hours or more to arrive at your recipient. There are over 160 available coins to lend, and you can select your term of 7, 14 or 28 days. Youll need to transfer crypto. What can I do to avoid this extreme fee.? However, before jumping into the process, you should be aware of applicable fees and minimum transfer amounts. What exchange would you recommend for this non-trading purpose? Or should I could transfer to WazirX (owned by Binance now) and then sell from there? But youd want to make sure you factor in any price changes whether up or down (and how fast you convert it). You will face the withdrawal form. How to Quickly Cash Out From Bitcoin to Fiat Currency ECOMI Price Prediction 2023 -2025 -2030 | OMI Price Forecast, Pundi X[new] Price Prediction 2023 -2025 2030 | PUNDIX Price Forecast, MOBOX Price Prediction 2023 -2025 -2030 | MBOX Price Forecast, WINkLink Price Prediction 2023 2025 2030 | WIN Price Forecast. I just got mine and started moving in small pieces from CB to Nano-X. To start, you will need to start using Coinbase Pro. Can I withdraw straight from Coinbase wallet? Withdrawls are free so its pretty great. My trader is asking me to pay $776 as time extension fee to complete the withdrawal of my funds.. Is the tax fee correct? Hello Ryan wondering if you have any knowledge regarding Coinbase account ? There is no fee to transfer crypto from Coinbase to Coinbase Pro. With Celsius, they manage your keys through a third party (they have great poly-signature keys management but they still control your keys). Buy Coinbase stock for a 35% return. Purchase cryptocurrency wisely and make sure to get the best deal when you make your initial crypto investment using fiat currencies. We may receive a commission, at no extra cost to you, if you click through our links and make a purchase from one of our partners. How about the costs when tradingexchanging one coin for another. If youre trading small amounts, Gemini.com might be your best bet. However, there is a standard 'network fee' at the time of withdrawing that varies depending on how busy the network is of the selected coin. Only support SPL Associated Token Account deposits to utilize the token address and make "transferChecked" or "transfer" available. Hi, I am in the UK and new to Bitcoin. In fact, there's a fee for every single transaction! One of the basic fees associated with crypto are buying fees. Id say most of the warnings come from an overall distrust of foreign and unregulated exchanges as a whole. I am not looking to trade, I just want to invest for mid/long term. ? Most of Coinbase's funds are kept in cold storage offline, meaning that users can feel safe that their digital assets can't be hacked. I do think ETH has big moon potential still since its usually a market cycle behind BTC. Hey Ryan, I have about 40k in ETH Im trying to sell. Yes, there is a network fee to send/withdraw all cryptocurrencies. Can you advise on the best way to procede? SwissBorg would be easier in that instance. With a passion for trying out new shiny things, Jack is always eager to try the latest crypto exchanges, wallets or DeFi applications. What am I missing? After filling these out, you can click the Submit button and your crypto will move from Kucoin to Coinbase. However, one of the deciding factors might be getting something out of it for [], 10 Best Business Books For Beginners Starting Out In 2023, So, you want to start a business. What are you trying to transfer out? 1. Hey Joe! And when your purchases are smaller, there is a flat fee charged. Ive never needed to do that before so Im not familiar with this bank or process. People love its user-friendly interface and simplicity, but Coinbase comes with somemajor feesyou should be aware of. They allow 10 FREE withdrawals per month so that may end up saving you a lot on fees.