Post
Topic
Board Bitcoin Discussion
Re: I am new to Bitcoin and have been using Coinbase only.
by
o_e_l_e_o
on 12/10/2021, 09:15:16 UTC
Will coinbase charge me for taking my bitcoin out?
They will charge you a small fee to cover the network transaction fee. This fee will be disclosed to you prior to making your withdrawal. You can minimize this fee by waiting until such a time that the bitcoin mempool is empty and transactions are cheaper. Use a site such as https://mempool.space/, and when the mempool has less than 1 vMB of transactions, then that's generally a good time to make a transaction.

What platform do you guys use to purchase BTC? Is coinbase a good opiton?

Coinbase is fine, and since you are already registered and verified on it, then you have very little reason to consider moving to a new exchange and repeating the whole verification process.

Personally I use decentralized exchanges, which are less newbie friendly but are more secure and more private than a centralized exchange such as Coinbase.