Coinbase, one of the largest cryptocurrency exchanges, offers trading in a variety of digital assets including Bitcoin, Ethereum, Litecoin, and more. Founded in 2012, Coinbase is a digital currency wallet and platform where merchants and consumers can transact with new digital currencies like bitcoin, ethereum, and litecoin.
Coinbase has built one of the most trusted brands in the space and now has over 30 million customers across 32 countries. For many crypto investors, Coinbase is their first entry into the market and offers a simple way to buy and sell digital assets.
While Coinbase is a great way to get started in the crypto space, there are some fees that users should be aware of when trading on the platform.
Coinbase Fees:
Coinbase has a simple fee structure for buying and selling digital assets. For market makers, who provide liquidity to the order book by placing limit orders, Coinbase charges 0.15% of the total transaction. For market takers, who take liquidity from the order book by placing market orders, Coinbase charges 0.
25% of the total transaction. These fees are significantly lower than other exchanges which can charge up to 0.50% or more per trade.
Coinbase also charges a spread on each trade which is generally around 0.50%.
This spread is how Coinbase makes money on trades and is included in the total fees charged. Overall, Coinbase charges some of the Lowest fees in the industry for buying and selling digital assets.
Coinbase Pro Fees:
In addition to its regular exchange, Coinbase also operates Coinbase Pro, a separate platform designed for professional traders and active investors. Coinbase Pro offers a more advanced trading interface, lower fees (0% for market makers and 0.
10% for market takers), and more options for charting and analysis. For investors who are serious about trading digital assets, Coinbase Pro is a great option with much lower fees than the regular exchange.
Conclusion: Overall, Coinbase is one of the best exchanges available for buying and selling digital assets with low fees and a trusted platform. While there are some costs associated with using Coinbase, they are generally much lower than other exchanges out there.
For investors looking to get started in crypto or trade professionally, Coinbase is definitely worth considering as an option.