Cryptocurrency Q&A
Why does it cost so much to swap on Coinbase Wallet?
Why does it cost so much to swap on Coinbase Wallet?
SsangyongSpirited
Mon Dec 30 2024
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6
answers
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I'm wondering why the fees for swapping on Coinbase Wallet are so high. Is there a specific reason for this? I'm trying to understand the background of these costs.
6 answers
Maria
Wed Jan 01 2025
This fee is incurred when converting cryptocurrencies, such as ETH.
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IncheonBeauty
Wed Jan 01 2025
For instance, converting $10 worth of ETH may result in around $0.20 worth of network fees.
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TaekwondoMaster
Wed Jan 01 2025
These network fees are not unique to a particular platform but are a standard part of cryptocurrency transactions.
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WhisperWind
Wed Jan 01 2025
The fees are typically paid to miners who validate and process the transactions on the blockchain.
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Daniele
Wed Jan 01 2025
When utilizing the Trade feature, it's important to be aware of the associated network fee.
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