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This provision clarifies the fee structure for outbound cryptocurrency transfers and specifies that such fees represent pass-through costs rather than revenue to Coinbase, establishing transparency regarding the cost allocation for blockchain transactions.
Users sending cryptocurrency off-platform incur a network fee charged by Coinbase to cover the blockchain transaction cost. The mechanism separates this fee from Coinbase's service fees and clarifies it does not constitute company profit.
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Except as expressly set forth herein, all fees and charges are non-refundable. All fees are exclusive of taxes, levies, or duties imposed by taxing authorities, and you shall be responsible for payment of all such taxes, levies, or duties.
Subscriptions shall automatically renew for successive terms equal to the expiring term unless either party provides written notice of non-renewal at least thirty (30) days prior to the end of the then-current term. Customer agrees to pay all fees specified in the applicable Order Form.
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"When you send cryptocurrency to a third-party wallet address, Coinbase charges a fee to cover the network transaction fee (also called a miner's fee) required to complete the transaction on the relevant blockchain network. Coinbase does not profit from this fee.— Excerpt from Coinbase's Coinbase Fee Schedule
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This provision clarifies the fee structure for outbound cryptocurrency transfers and specifies that such fees represent pass-through costs rather than revenue to Coinbase, establishing transparency regarding the cost allocation for blockchain transactions.
Users sending cryptocurrency off-platform incur a network fee charged by Coinbase to cover the blockchain transaction cost. The mechanism separates this fee from Coinbase's service fees and clarifies it does not constitute company profit.
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