If you’re new to the world of cryptocurrency, the process of buying and selling can be confusing. One of the most common questions we get is “Why is Coinbase charging me?”

Coinbase is a digital asset exchange that allows customers to buy and sell cryptocurrencies like Bitcoin, Ethereum, and Litecoin. When you buy or sell digital currency on Coinbase, you’re charged a fee for the transaction.

This fee is calculated based on a number of factors, including the currency you’re buying or selling, the payment method you’re using, and the amount of the transaction.

Coinbase charges a spread of about 0.5% for digital currency conversions. For example, if you buy $100 worth of Bitcoin, you’ll be charged a $0.50 fee.

If you then convert that Bitcoin into Ethereum, you’ll be charged an additional $0. In total, you’ll be charged a 1% fee for your two transactions.

Coinbase also charges a separate commission based on your payment method. For example, if you use a credit or debit card to buy cryptocurrency, you’ll be charged a 3.99% fee. If you use a bank transfer to buy cryptocurrency, you’ll be charged a 1.

49% fee. These fees are in addition to the spread mentioned above.

Finally, Coinbase has a variable rate depending on the amount of currency you’re buying or selling. For transactions under $200, Coinbase charges a flat rate of $2.99. For transactions over $200, Coinbase charges 0.1% of the total transaction amount.

So if you were to buy $500 worth of Bitcoin, you’d be charged a $2.99 fee plus a 0.1% fee, for a total of $3.09 in fees.

Coinbase is transparent about its fees and offers customers several ways to avoid them altogether. For example, customers who hold US dollars in their Coinbase account can avoid conversion fees by using their USD balance to buy or sell cryptocurrencies.

Customers who use bank transfers to deposit or withdraw funds from their Coinbase account can also avoid fees by trading with other Coinbase users directly on the platform’s “Order Book.” Finally, customers who hold certain cryptocurrencies in their Coinbase account (like Bitcoin or Ethereum) can avoid conversion fees by using those currencies to buy or sell other cryptocurrencies on the platform.

Why is Coinbase charging me? In short, because they need to make money somehow and every business has operating costs! All joking aside, they do have some valid reasons: they’re providing a service that’s convenient (and becoming more so), they’re expanding that service to more countries (140+ last I checked), they’re building out features like USD wallets and instant purchases with credit cards… all while trying to keep hacking at bay (no easy task).

There are a lot of different ways to buy and sell cryptocurrency, but two of the most popular exchanges are Crypto.com and Coinbase. So, which one is better?

To start, let’s look at the fees. Coinbase charges a 1.49% fee for buying or selling cryptocurrency, while Crypto.com only charges a 0.

5% fee. So, if you’re looking to save on fees, Crypto.com is the better option.

Another big difference between the two exchanges is the selection of coins that are available. Coinbase only offers a limited selection of coins, while Crypto.com offers a much wider selection.

So, if you’re looking for more options, Crypto.com is the better choice.

Finally, let’s look at security. Both exchanges are very secure, but Coinbase has been hacked in the past while Crypto.com has not.

So, if security is your main concern, Crypto.

In conclusion, both Coinbase and Crypto.com are great choices for buying and selling cryptocurrency.

However, if you’re looking to save on fees or get more options, Crypto.

When you’re first getting started with investing in cryptocurrency, one of the terms you’ll come across is “portfolio balance.” But what does that mean?

Essentially, your portfolio balance is the value of all the assets in your Coinbase account, minus any outstanding debts or liabilities. So, if you have $1,000 worth of Bitcoin in your account, and you owe $100 to someone in Bitcoin, your portfolio balance would be $900.

Your portfolio balance can fluctuate day-to-day as the prices of the assets in your account change. So, if the price of Bitcoin goes up by 10%, your portfolio balance will increase by 10%.

Similarly, if the price of Bitcoin goes down by 10%, your portfolio balance will decrease by 10%.

One reason why people care about their portfolio balance is because it can give them an idea of how their investments are performing. If the value of your assets goes up, that means your investments are doing well.

On the other hand, if the value of your assets goes down, that means your investments are not doing as well as you’d like.

Another reason why people care about their portfolio balance is because it can help them make decisions about when to buy or sell assets. For example, let’s say you have $1,000 worth of Bitcoin in your Coinbase account and the price of Bitcoin goes up to $2,000. You might want to sell some of your Bitcoin so you can take profits.

Alternatively, let’s say the price of Bitcoin falls to $500. You might want to buy more Bitcoin so you can average down on your investment.

Ultimately, whether or not you care about your portfolio balance is up to you. Some people prefer to focus on the individual prices of the assets they own and don’t worry too much about the overall value of their account.

Others prefer to keep a close eye on their portfolio balance so they can make sure their investments are on track.

No matter what approach you take, understanding what portfolio balance means is an important part of being a successful investor in cryptocurrency.