When you make a purchase with Coinbase, the price you pay is the price you buy the cryptocurrency at, minus any fees. When you convert cryptocurrency to cash, you’ll again pay the market price for the currency, minus any fees.
So, yes, Coinbase does take a fee when you convert.
Coinbase has a conversion fee of 1.49% for transactions under $200. For transactions over $200, the fee is 1.49% plus an additional 0.
5%. So, for example, if you were to convert $300 worth of cryptocurrency to cash, your fee would be $4.47.
Coinbase also charges a separate fee when you buy or sell cryptocurrency on its platform. For buys, the fee is currently 0.99% for transactions under $200. For sells, the fee is 4%.
Coinbase does take a fee when you convert currency, depending on the transaction volume. The fee amount can vary from 0% to 0.5%, depending on the type and amount of the conversion. It is important to be aware of this fee before engaging in any conversions on Coinbase, as it can have an effect on your total cost.
Failure to consider this fee may result in unexpected costs or losses that could have been avoided if proper attention had been given to this aspect of the transaction. We urge all users to take care when converting currency, and consult Coinbase’s fees page for more information before engaging in any transactions.
So, if you were to buy $100 worth of cryptocurrency on Coinbase, your fee would be 99 cents. And if you were to sell $100 worth of cryptocurrency on Coinbase, your fee would be $4.
In addition to the fees charged by Coinbase, you may also be charged fees by your bank or payment processor when you buy or sell cryptocurrency on Coinbase. For example, if you use a credit or debit card to buy cryptocurrency on Coinbase, you may be charged an additional 3.
99% fee by your card issuer.
All told, then, yes – Coinbase does take a fee when you convert cryptocurrency to cash. However, it’s important to keep in mind that Coinbase isn’t the only player in the game – other exchanges and platforms may charge different fees for similar services.
As always, it’s important to do your research before committing to any platform or service.