Bitcoin exchange Coinbase will charge fees for on-chain transactions

posted about 2 months ago
Bitcoin exchange Coinbase will discontinue paying network transaction fees for on-chain transactions starting March 21st, 2017.

In a latest blog post company stated:

"We will discontinue paying network transaction fees for on-chain transactions starting March 21st, 2017. Network transaction fees do not go to Coinbase, they go to the miners of the Bitcoin and Ethereum networks. Since our inception, we have been paying network fees on behalf of our customers to help support the growth of the bitcoin and ethereum networks.

We now have over 6 million users worldwide, and this has become a significant cost. Fees will be assigned dynamically based on the current network conditions and will be paid by customers when they send an on-chain transaction. Transactions between Coinbase accounts will continue to be off-chain and free."
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