US-based crypto exchange. Hi Tom! You will not pay any fees with CBP to do this. Those who are new to Coinbase likely anticipate its amazing trading features. 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. I believe though with Binance.com you can use different international banks to on-ramp and off-ramp. Not keen on paying fees to just hold in another more secure wallet since holding for long term. Hi Ryan I made the mistake of selling some cryptocurrency on Coinbase, which then left it as a USD balance in my account. Only a legal professional can offer legal advice and Buy Bitcoin Worldwide offers no such advice with respect to the contents of its website. Also, pay your fees with BNB to get an even lower rate. Am I correct? doing the same thing over and over, but expecting a different outcome. Binance.us does have high withdrawal fees so add that to your list of pros and cons. Such as, how long you've been trading and how much you've traded. I couldnt find that particular detail in their terms anywhere. In all i own 8 different assets. The fee goes to the miners that manage blockchain to make sure your crypto trade remains secure. Find out what fee's you'll need to pay to get into the next Bitcoin block with our simple to use Bitcoin fee estimator. Love any suggestions you could offer. The receiver is in Dubai. Hey Ryan, I was using Coinbase Pro last year because of the lower fees for buying any crypto with fiat, I noticed though that since January 1st, 2021 the fees on Pro are the same as the normal Coinbase for the Maker/Taker transactions. if youre worried about that, just transfer your coins out as-is the fees to move the cash will probably be less than your taxes. Great thanks for your reply Ryan, Ill look into a hardware wallet this week. 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. Consequently, I started storing crypto in my own wallets. A fee rate of 7.136 Satoshi/byte applies for confirmation within the next 6 blocks. Only issue is potential tax implications (at least here in the US).
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