Coinbase, Exchanges

How Do I Avoid Coinbase Pro Fees?

Coinbase Pro is a US-based exchange which offers trading of a variety of digital assets, including cryptocurrencies. The exchange is one of the most popular in the world and is available in 32 countries.

Coinbase Pro charges fees for each trade, and these fees vary depending on the amount traded, the trading pairs, and the maker/taker status.

Coinbase Pro employs a maker-taker fee schedule. In general, makers are charged lower fees than takers. The maker-taker model incentivizes market liquidity by charging traders who remove liquidity from the order book (takers) higher fees than those who provide liquidity (makers). For instance, if you place an order that immediately fills, you are a taker. If your order sits on the order book and is filled by another user, you are a maker.

NOTE: WARNING: Trading fees on Coinbase Pro can be high, and they vary depending on the type of trade you make. Before making any trades, please be sure to check the fees associated with each transaction, as they can add up quickly and can significantly reduce your profits. Additionally, do not forget to factor in any additional fees that may be charged by your bank or payment provider.

Makers always pay 0% fees. Takers pay between 0.1% and 0.3% fees, depending on the trading pair and volume traded.

If you want to avoid Coinbase Pro fees, there are a few options available to you. One option is to trade on an alternate exchange which does not charge fees. Another option is to use a limit order instead of a market order.

Limit orders allow you to set the price at which you want to buy or sell an asset, and your order will only be filled at that price or better. Limit orders do not guarantee that your order will be filled, but they do allow you to avoid paying Coinbase Pro’s taker fee.

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