As the world’s largest cryptocurrency exchange, Coinbase Pro is often the go-to platform for buying Bitcoin, Ethereum, and other digital assets. But is it cheaper to buy crypto on Coinbase Pro?
The short answer is yes. Coinbase Pro’s fees are much lower than Coinbase’s standard fees, making it a more cost-effective option for buying cryptocurrency.
Here’s a closer look at the fees associated with buying crypto on Coinbase Pro and how they compare to Coinbase’s standard fees.
Coinbase Pro Fees
Coinbase Pro charges a maker fee and a taker fee, which are based on your trading volume over the past 30 days. If you’ve traded less than $10,000 over the past 30 days, you’ll pay 0.30% maker fees and 0.40% taker fees.
NOTE: WARNING: Crypto trading can be highly volatile, and prices can quickly move up or down. It is important to do your research and understand the risks associated with buying and selling cryptocurrencies before investing. Additionally, Coinbase Pro does not provide financial advice, so it is important to speak to a financial advisor before making any investment decisions.
These fees decrease as your trading volume increases, with the Lowest possible fees being 0% for maker trades and 0.10% for taker trades if you’ve traded more than $1 billion over the past 30 days.
Coinbase Standard Fees
Coinbase’s standard fees are much higher than Coinbase Pro’s fees. For buys and sells of digital assets worth less than $10, Coinbase charges a flat fee of $0.99. For buys and sells of digital assets worth more than $10, Coinbase charges a 1.
49% fee. So if you were to buy $100 worth of Bitcoin on Coinbase, you would pay a $1.49 fee – that’s almost 150% more than what you would pay on Coinbase Pro!.
Conclusion
Coinbase Pro is definitely the cheaper option when it comes to buying cryptocurrency. Not only are its maker and taker fees much lower than Coinbase’s standard fees, but its trading volume-based fee structure means that your costs will go down as you trade more frequently on the platform.
9 Related Question Answers Found
Coinbase Pro is a cryptocurrency exchange that offers a variety of digital assets for trading. The exchange is operated by Coinbase, a company that is based in the United States. Coinbase Pro is available in most countries, with the exception of a few countries such as North Korea, Iran, and Crimea.
It’s no secret that cryptocurrency trading can be a lucrative endeavor. So, it should come as no surprise that many people are interested in finding out whether it’s cheaper to trade on Coinbase or Coinbase Pro. To get started, let’s take a look at the fees charged by each platform.
When it comes to fees, Coinbase Pro is definitely cheaper than Coinbase. Coinbase charges a flat fee of $4 for each transaction, while Coinbase Pro charges a variable fee that depends on the amount you’re trading. For example, if you’re trading less than $10,000, you’ll pay 0.1% of the total transaction value.
As the world’s largest cryptocurrency exchange, Coinbase is often the first stop for those buying Bitcoin, Ethereum, and other virtual currencies. But is it always the best place to buy? The answer to that question depends on several factors.
As of September 2019, Coinbase Pro charges 0.5% for taker trades, and no fees for maker trades. There is a $0.25 withdrawal fee. Coinbase Pro is a US-based exchange which offers trading in a variety of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, Bitcoin Cash, and more.
As digital assets like Bitcoin and Ethereum become more popular, people are looking for ways to buy and sell them. One popular option is Coinbase, which allows users to buy and sell cryptocurrencies. However, Coinbase has been criticized for its high fees.
It’s been nearly a year since the crypto exchange Coinbase first announced its plans to launch a professional trading platform, Coinbase Pro. The exchange is now live, and users are beginning to wonder: is Coinbase Pro more secure than Coinbase? The short answer is yes.
As one of the most popular cryptocurrency exchanges, Coinbase Pro attracts a lot of users with its low fees. But are Coinbase Pro fees really lower than Coinbase? To answer this question, we need to compare the fees charged by both exchanges.
It is safe to keep cryptocurrency on Coinbase Pro as long as investors take the proper precautions. While the platform is designed to be secure, there have been hacks in the past. To protect themselves, investors should always store their coins offline in a wallet that they control.
