When it comes to buying and selling cryptocurrencies, Coinbase is one of the most popular exchanges out there. And one of the main reasons for this is because Coinbase allows you to buy and sell cryptocurrencies without having to pay any fees.
That’s right, buying and selling cryptocurrencies on Coinbase is completely free.
Now, there are a few things to keep in mind. First, when you buy or sell cryptocurrencies on Coinbase, you are actually doing so through a third party market maker.
As such, the prices that you see on Coinbase are usually slightly higher than the actual market price. However, the difference is usually only a few cents, so it’s not a big deal.
Second, there is a limit to how much you can buy or sell on Coinbase without having to pay any fees. For example, if you want to buy $10 worth of Bitcoin, you won’t have to pay any fees. However, if you want to buy $10,000 worth of Bitcoin, you will have to pay a 1.
49% fee. So, it’s important to keep this in mind when using Coinbase.
Third, if you are looking to store your cryptocurrencies long-term, then Coinbase is not the best option out there. This is because Coinbase charges a 1.
49% fee every time you withdraw your cryptocurrencies from their platform into a wallet that you control. So, if you plan on holding your cryptocurrencies for an extended period of time, it would be better to store them in a wallet that doesn’t charge any withdrawal fees.
All in all, buying and selling cryptocurrencies on Coinbase is completely free as long as you don’t mind paying slightly higher prices than the actual market price and as long as you don’t need to withdraw your cryptocurrencies right away.