Coinbase is one of the most popular cryptocurrency wallets and exchanges in the world. And while it has many features that make it a great choice for users, one downside is that its fees can be quite high.

So why is Coinbase Wallet fee so high? There are a few reasons. First, Coinbase charges a flat fee of $1.99 for all transactions.

This includes both buying and selling cryptocurrencies. So if you’re looking to simply buy some Bitcoin, you’ll already be paying nearly $2 in fees.

Another reason Coinbase Wallet fees are high is because they’re based on a percentage of the total transaction amount. For example, if you’re buying $100 worth of Bitcoin, Coinbase will charge a 1.49% fee, which comes out to $1.

49. This may not seem like much, but it can add up quickly if you’re regularly buying and selling cryptocurrencies.

Finally, Coinbase also charges what’s called a “spread.” This is the difference between the buy and sell price of a cryptocurrency on their platform. For example, at the time of writing this article, the current spread on Bitcoin was $41.01.

So if you bought $100 worth of Bitcoin, you’d actually be paying $141.01 due to the spread.

All of these fees can add up quickly, especially if you’re an active trader. And while Coinbase does offer some discounts for larger transactions, it’s still one of the more expensive wallets out there.

So if you’re looking for a wallet with low fees, Coinbase may not be the best option for you. However, if you’re willing to pay a bit more for convenience and security, then it could be a good choice.