This is a question that many people ask when they are looking to use the popular cryptocurrency exchange, Coinbase. The answer to this question is a bit complicated, as there are different types of fees that can be associated with using Coinbase.
However, we will attempt to give a general overview of the fees associated with Coinbase so that you can make an informed decision about whether or not it is the right exchange for you.
One of the first things to note is that Coinbase does not charge any fees for deposits or withdrawals made with fiat currencies (USD, EUR, GBP, etc.). This is one of the main reasons that people use Coinbase, as it allows them to avoid costly fees associated with other exchanges. However, it is important to note that Coinbase does charge a 1.
49% fee for all credit and debit card transactions. So, if you are looking to deposit or withdraw funds using your credit or debit card, you will need to factor in this fee.
When it comes to cryptocurrency transactions, things get a bit more complicated. For starters, Coinbase charges a flat fee of 4% for all crypto-to-fiat (C2F) trades. So, if you are looking to buy Bitcoin with USD, you will be charged a 4% fee. Additionally, Coinbase charges a variable percentage fee for crypto-to-crypto (C2C) trades.
The exact percentage fee will depend on the coin being traded and the amount being traded. For example, at the time of writing this article, the C2C fee for trading Ethereum was 0.25%.
It should also be noted that Coinbase has different fee tiers for different users. For example, users who trade less than $10,000 worth of cryptocurrency per month will be charged the base rate for all fees.
However, users who trade more than $10,000 per month will qualify for reduced fees. The exact amount of the reduction will depend on your monthly trading volume.
In conclusion, it is important to remember that there are different types of fees associated with using Coinbase. While the exchange does not charge any fees for deposits or withdrawals made with fiat currencies, they do charge a 1.49% fee for credit and debit card transactions.
Additionally, Coinbase charges a flat fee of 4% for all crypto-to-fiat trades and a variable percentage fee for crypto-to-crypto trades. Theexact percentage fee will depend on the coin being traded and the amount being traded.