Are there any fees associated with transferring funds from one wallet to another when using a wallet for storing my Bitcoins cash (e.g. Coinbase)?
Yes, there are fees associated with transferring funds from one wallet to another when using a wallet for storing your Bitcoin Cash.
The fees depend on the wallet provider and the amount of Bitcoin Cash being transferred. Generally, the larger the amount of Bitcoin Cash being transferred, the higher the fee. For example, Coinbase charges a flat fee of $2.
99 for transfers up to $200 and 1.49% for transfers over $200. Additionally, Coinbase also charges a network fee which is determined by the blockchain network and is usually a small fraction of a cent per transaction.
It is important to note that some wallets may charge additional fees such as withdrawal fees or exchange fees when transferring funds from one wallet to another. Therefore, it is important to check with your wallet provider before making any transfers to ensure you are aware of all applicable fees.
