QUESTION
How much does Coinbase charge for gas fees?
ANSWER
Coinbase, being a popular platform for dealing with cryptocurrencies, does charge fees for facilitating transactions on the blockchain, commonly referred to as network or gas fees. These fees are not set by Coinbase itself; rather, they are determined by the network conditions of the blockchain being used and can fluctuate based on network congestion and the complexity of the transaction. Generally, during periods of high demand, gas fees tend to increase as users compete to have their transactions processed more quickly. Coinbase automatically sets a gas price to ensure a smooth transaction, but users may also have options to customize gas prices in advanced settings to expedite or save on costs when sending cryptocurrencies. It's always best for users to check the latest fee information directly through the Coinbase website or app since these fees can vary from one moment to another.
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