Coinbase is one of the most popular cryptocurrency exchanges, used by millions of people around the world. However, it has come under fire in recent years for its high fees. So, why are Coinbase fees so expensive?
There are a few reasons for this. First, Coinbase is a for-profit company and needs to make money to keep running.
Second, it costs money to process transactions on the blockchain network (which all exchanges use). And third, Coinbase passes on some of the fees it pays to credit card companies to its users.
So, while Coinbase fees may seem high, there are some reasons behind them. And, if you’re looking to save money on fees, there are a few things you can do, like using a debit card or transferring funds into your account beforehand.