Coinbase, Exchanges

Is It Cheaper to Buy Crypto on Coinbase Pro?

As the world’s largest cryptocurrency exchange, Coinbase Pro is often the go-to platform for buying Bitcoin, Ethereum, and other digital assets. But is it cheaper to buy crypto on Coinbase Pro?

The short answer is yes. Coinbase Pro’s fees are much lower than Coinbase’s standard fees, making it a more cost-effective option for buying cryptocurrency.

Here’s a closer look at the fees associated with buying crypto on Coinbase Pro and how they compare to Coinbase’s standard fees.

Coinbase Pro Fees

Coinbase Pro charges a maker fee and a taker fee, which are based on your trading volume over the past 30 days. If you’ve traded less than $10,000 over the past 30 days, you’ll pay 0.30% maker fees and 0.40% taker fees.

NOTE: WARNING: Crypto trading can be highly volatile, and prices can quickly move up or down. It is important to do your research and understand the risks associated with buying and selling cryptocurrencies before investing. Additionally, Coinbase Pro does not provide financial advice, so it is important to speak to a financial advisor before making any investment decisions.

These fees decrease as your trading volume increases, with the Lowest possible fees being 0% for maker trades and 0.10% for taker trades if you’ve traded more than $1 billion over the past 30 days.

Coinbase Standard Fees

Coinbase’s standard fees are much higher than Coinbase Pro’s fees. For buys and sells of digital assets worth less than $10, Coinbase charges a flat fee of $0.99. For buys and sells of digital assets worth more than $10, Coinbase charges a 1.

49% fee. So if you were to buy $100 worth of Bitcoin on Coinbase, you would pay a $1.49 fee – that’s almost 150% more than what you would pay on Coinbase Pro!.

Conclusion

Coinbase Pro is definitely the cheaper option when it comes to buying cryptocurrency. Not only are its maker and taker fees much lower than Coinbase’s standard fees, but its trading volume-based fee structure means that your costs will go down as you trade more frequently on the platform.

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