Coinbase, Exchanges

Is Coinbase Fee Too High?

Coinbase is one of the most popular cryptocurrency exchanges, and it’s also one of the most expensive. The company charges a whopping 3.99% fee on all credit and debit card purchases of cryptocurrencies. For bank transfer purchases, the fee is just 1.

49%. Even though the fees are high, Coinbase is still one of the easiest ways to buy Bitcoin, Ethereum, and Litecoin.

The main reason why Coinbase’s fees are so high is because they want to make a profit. The company also has to pay credit card companies a fee for processing payments.

In addition, Coinbase has to cover the costs of running a large website and customer support team. All of these factors add up to make Coinbase one of the most expensive ways to buy cryptocurrencies.

NOTE: WARNING: The fees charged by Coinbase may be higher than other services available. Please research and compare fees before using Coinbase for your transactions. Additionally, Coinbase may charge additional fees that are not always made clear to the user, so please read all terms and conditions carefully before agreeing to use the service.

If you’re looking for a cheaper option, you can try Gemini, GDAX, or Kraken. All three exchanges charge lower fees than Coinbase. Gemini charges a 1% fee on all trades, GDAX charges 0.25% for maker trades and 0.

3% for taker trades, and Kraken charges 0.26% for maker trades and 0.16% for taker trades.

Even though Coinbase’s fees are high, it’s still one of the best ways to buy cryptocurrencies. The company is reliable and has built up a large customer base over the years.

If you’re looking for a cheaper option, you can try Gemini, GDAX, or Kraken.

Previous ArticleNext Article