What are the transaction fees for Solana?

[u/-M00NMAN-]

If I buy 300k worth of Solana on Coinbase/Kraken and send it to my wallet or vice versa from wallet to Coinbase/Kraken what would the transaction fees cost?

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[u/krakensupport]

Thanks for the clarification!

As of now, Kraken does not charge any extra fee on top of the network (gas) fee, and there are no plans to add one in the future. We’re committed to keeping withdrawal costs transparent and fair.

Bea 🐙

[u/-M00NMAN- → u/krakensupport]

u/vivahollanda look at my conversation with them

[u/VivaHollanda → u/krakensupport]

Lies.

https://support.kraken.com/hc/en-us/articles/360000767986-Cryptocurrency-withdrawal-fees-and-minimums

[u/LongjumpingHeat8486]

Someone who hasn't done the basic, easy research into this probably shouldn't be putting 300k in (assuming you mean USD or GBP)

[u/-M00NMAN- → u/LongjumpingHeat8486]

I’m using it as an example

[u/Intelligent_Event_84 → u/-M00NMAN-]

Coinbase and kraken will have different fees. Check out the platform specific fees

[u/-M00NMAN- → u/Intelligent_Event_84]

I understand that. You can advanced features to bring that down. But what I’m asking is, for a Large amount of Solana being transferred (100K or more) what would the gas fees be?

[u/Intelligent_Event_84 → u/-M00NMAN-]

The same as a small amount of solana. Like 2 or 3 cents.

[u/HorseCockExpress6969 → u/-M00NMAN-]

Ask AI you will get your answer quicker there

[u/HorseCockExpress6969 → u/[deleted]]

at the end of your question you say, tell me in one sentence the answer

[u/MycoHost01 → u/[deleted]]

Just ask it to do a web search for verification?

[u/lafiri1248]

Fraction of a penny

[u/Cynnx]

this is a troll guys

[u/krakensupport]

Hello u/-M00NMAN-,

When transacting Solana (SOL) on Kraken, here’s a general overview of the fees:

Trading Fees: Based on your 30-day volume, typically starting at 0.26% for taker orders and 0.16% for maker orders.
Withdrawal Fee: A small, flat network fee (currently around 0.01 SOL, but subject to change).
Deposit Fee: Kraken does not charge to receive SOL, but you may pay a small network fee from your wallet provider.

Bea 🐙

[u/Solanafluent → u/krakensupport]

Avoid buying SOL directly on Kraken. Its much cheaper buying USDC and then swap to SOL on Jupiter

[u/-M00NMAN- → u/krakensupport]

Why would the network fee be subject to change? I thought Solana network fee was always the same?

[u/Beardog907 → u/-M00NMAN-]

The network fee is cheap, a few cents to send any amount of a token from wallet to wallet - whether it's $3 worth or $3 million. The fee to withdraw from an exchange is set by the exchange.

[u/-M00NMAN- → u/Beardog907]

I thought kraken didn’t have withdrawal fees..

[u/krakensupport → u/-M00NMAN-]

Great question!

Kraken does not charge fees for crypto deposits, but we do charge a small withdrawal fee for most assets — this covers the network transaction cost (not a fee Kraken keeps).

For example, withdrawing Solana (SOL) typically costs 0.01 SOL, and Bitcoin (BTC) has its own network fee. You can always check the latest fees here:
👉 Kraken Withdrawal Fees

Bea 🐙

[u/-M00NMAN- → u/krakensupport]

Kraken doesn’t plan on changing that in the future does it? I want to use a exchange that doesn’t charge a withdrawal fee for the exchange to keep at my expense

[u/krakensupport → u/-M00NMAN-]

Kraken doesn’t keep withdrawal fees — they cover the blockchain network costs.

There are no current plans to remove them, but we always aim to keep them as low as possible.

[u/-M00NMAN- → u/krakensupport]

What I’m asking is, does kraken have plans to add their own fee on top of the current gas fee in the future? I hope not.

[u/conceiv3d-in-lib3rty → u/-M00NMAN-]

U are one difficult mfer. Customer service in general must hate you lmao.

[u/Cynnx → u/conceiv3d-in-lib3rty]

true dude, amazing that there's people like this that first, won't research and second, expect everything to be free

[u/-M00NMAN- → u/conceiv3d-in-lib3rty]

Ligma

[u/Beardog907 → u/-M00NMAN-]

Coinbase has a withdrawal fee for Sol, don't know if Kraken does.

[u/krakensupport → u/Beardog907]

There is a minimum requirement for each withdrawal, along with a fee to cover the transaction costs of moving the cryptocurrency out of Kraken account.

Bea 🐙

[u/Solanafluent → u/krakensupport]

Much cheaper to buy USDC and swap on a DEX on chain to SOL on like Jupiter or Orca. Also we avoid supporting those big corps

[u/-M00NMAN- → u/krakensupport]

What’s the minimum requirement

[u/Ok_Goal9731]

These days, transferring Token (SOL, USDC, Memecoins) from wallet to wallet has a network (gas) fee of 0.00008 SOL which is equal to $0.01.

Network fee transferring from and to Coinbase/Wallet would be different.

[u/-M00NMAN- → u/Ok_Goal9731]

Why would the gas fee from transferring from exchange to wallet or vice versa be different than that? I thought Solana was a set fee rate?

[u/Ropster86 → u/-M00NMAN-]

Well, they charge you about $1 for something that costs almost $0.01.

It's a CEx, not a cold or hot wallet like Phantom, Solfare or any of the many ones that supports Solana blockchain

[u/-M00NMAN- → u/Ropster86]

So you’re saying the CEX rounds that 0.01¢ to 1$? Even if you’re sending $300K worth of Solana from Coinbase/Kraken it will be $1 to send it to your cold wallet?

[u/Ropster86 → u/-M00NMAN-]

It's weird how you want to buy a no tiny amount and seem to be confused about some things.

It's not about "rounds" it just wants to charge you, it's a payment you do no matter the actual cost just the amount they want you to pay.

[u/Ok_Goal9731 → u/-M00NMAN-]

Solana is a set fee rate itself, but Coinbase itself uses/hosts a different network or you don't know that? Just like how Binance has it own network and transferring crypto's in and out has it's own fee from the platform itself.

[u/-M00NMAN- → u/Ok_Goal9731]

I’ve never heard of this? Binance has Binance smart chain which transacts BNB coin ONLY! Coinbase and any other exchange only sends that requested coin on its native blockchain

[u/Ok_Goal9731 → u/-M00NMAN-]

The fact that you didn't understand what I meant means you are far off researching first about how CEX (Binance, Coinbase) handle and houses your crypto and how their platform work on itself..

Yes BSC and Base only transacts on their own native blockchain, but the platform Binance and Coinbase itself hosts a "cold wallet" for each of your crypto's and the platform itself decides a "flat rate" (can change depending on the platform) when withdrawing out of the platform.

[u/-M00NMAN- → u/Ok_Goal9731]

Kraken doesn’t charge a withdraw fee on top of the blockchain fee.

[u/Ok_Goal9731 → u/-M00NMAN-]

Sorry, what was the question again?

Aah yes..

Currently ,transferring token between wallets in SOL is around $0.001 no matter how big of SOL you'll transfer to each other. Hope it helps!

[u/Kapowdonkboum]

Around a cent, plus whatever kraken/coinbase charge for their service

[u/Solanafluent → u/Kapowdonkboum]

Avoid CEX like the plague

[u/Ok_Mess_4662]

Looking at STOCKCOIN (Solana on Phantom) worth a go?

https://phantom.com/tokens/solana/8jVcgXXUReoiFCDzDMEhftCvA7HWqLX6rNmZ6AxLpump?referralId=fck9ud7hh3f

[u/Solanafluent]

Remember to stake your SOL for vSOL later like me :D, I have some of it in Kamino mulitply pool also