Fees from portals like coinbase or bitestamp to Bank/Credit Card

1

there is something not really clear to me in the buy/sell process.

When I sell bitcoin on sites like coinbase I am requested to pay a 1% fee. What about the fees to transfer the money back to my bank account (or Credit Card)? Are they included in the 1%?

Thank you

Sean Black

Posted 2013-12-18T13:17:07.863

Reputation: 321

Answers

1

Coinbase has a separate bank fee (currently $0.15) in addition to their transaction fee.

ScripterRon

Posted 2013-12-18T13:17:07.863

Reputation: 2 023

0.15$ is nothing...how can they cover costs? – Sean Black – 2013-12-18T16:06:42.787

I guess it depends on how much it costs them to use the ACH for deposits/debits. I'm not a banker, so I can't help you with that. – ScripterRon – 2013-12-18T19:20:01.543

Asked: 2013-12-18T13:17:07.863

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Active: 2013-12-18T14:23:53.610