Post
Topic
Board Web Wallets
Re: Coinbase pays the fee for its users?
by
NorrisK
on 08/10/2015, 07:19:25 UTC
Hello,

I am new in coinbase, just now I made a transfer from coinbase address to my personal wallet address.  All I have in coinbase is 0.03908 BTC, and I found that I can send this full amount out of coinbase, and I got full amount of 0.03908 BTC to my personal wallet address. But I checked the transaction on blockchain and found the fee is 0.0009 BTC(Fee: 0.0009 BTC - Size: 1837 bytes).  I am confused, did coinbase pay this fee for my transfer?

Fee: 0.0009 BTC, why the fee is so high?

If i'm correct, the transaction is larger than 1 kb so it requires a higher fee. Next, the service itself may post a higher fee to make sure the customer gets paid fast.

Personally, I don't mind paying 2 cents for my transactions myself. 0.0009 on the other hand is quite nice of them to cover Smiley