Coinbase Trading Fees
Coinbase is one of the most popular cryptocurrency exchanges in the world. It is a US-based exchange that allows users to buy, sell, and store a variety of digital currencies. As with any exchange, Coinbase charges fees for its services. In this article, we will discuss Coinbase trading fees and how they are calculated.
How Are Coinbase Trading Fees Calculated?
Coinbase trading fees are calculated based on a maker-taker fee model. This model rewards traders for providing liquidity to the market by charging lower fees for market makers (those who add liquidity to the market) and higher fees for market takers (those who remove liquidity from the market).
The exact fee rate depends on the user's trading volume over the past 30 days and the type of order they are placing. For example, Coinbase charges 0.50% for market makers and 0.50% for market takers for users with a trading volume of up to $10,000 over the past 30 days. For users with a trading volume of more than $10,000, the fee rate drops to 0.25% for market makers and 0.30% for market takers.
Are There Any Other Fees?
In addition to trading fees, Coinbase also charges a Coinbase fee for each transaction. This fee is based on the location of the user, the payment method used, and the type of transaction. For example, Coinbase charges a 3.99% fee for purchases made with a credit or debit card and a 1.49% fee for purchases made with a bank transfer.
Conclusion
Coinbase trading fees are calculated based on a maker-taker fee model. The exact fee rate depends on the user's trading volume over the past 30 days and the type of order they are placing. In addition to trading fees, Coinbase also charges a Coinbase fee for each transaction. This fee is based on the location of the user, the payment method used, and the type of transaction.