Cryptocurrency Q&A
What is a network fee on Coinbase Wallet?
What is a network fee on Coinbase Wallet?
BlockchainVisionary
Sat Mar 08 2025
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6
answers
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I'm trying to understand the concept of network fee on Coinbase Wallet. I've noticed that whenever I make a transaction, there's an additional charge labeled as 'network fee'. Could someone explain what this fee is and why it's charged?
6 answers
GeishaCharm
Mon Mar 10 2025
Network fees represent a crucial aspect of cryptocurrency transactions.
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Carlo
Sun Mar 09 2025
Additionally, these fees contribute to securing the respective cryptocurrency network.
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Martino
Sun Mar 09 2025
Importantly, network fees do not benefit exchanges like Coinbase. Instead, they are entirely paid to the miners.
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Claudio
Sun Mar 09 2025
They are also commonly known as miner fees, reflecting their destination.
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BlockchainBaron
Sun Mar 09 2025
The purpose of these fees is to compensate miners for their role in processing transactions.
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