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
|
6 answers
1669
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.
Was this helpful?
238
57
IncheonBeauty
Wed Jan 01 2025
For instance, converting $10 worth of ETH may result in around $0.20 worth of network fees.
Was this helpful?
164
91
TaekwondoMaster
Wed Jan 01 2025
These network fees are not unique to a particular platform but are a standard part of cryptocurrency transactions.
Was this helpful?
324
26
WhisperWind
Wed Jan 01 2025
The fees are typically paid to miners who validate and process the transactions on the blockchain.
Was this helpful?
377
65
Daniele
Wed Jan 01 2025
When utilizing the Trade feature, it's important to be aware of the associated network fee.
Was this helpful?
320
52
Load 5 more related questions
