Overview
Coinbase is a popular digital currency platform that allows users to buy, sell, and store cryptocurrencies. Coinbase charges fees for all transactions, including trading, deposits, and withdrawals. This article will explain the fees associated with trading on Coinbase, including trading fees, deposit fees, and withdrawal fees.
Trading Fees
Coinbase charges a flat fee for all trades, regardless of the amount of cryptocurrency being traded. The fee is based on the size of the trade and is calculated as follows:
For trades under $10, the fee is $0.99
For trades between $10 and $25, the fee is 1.49% of the total transaction amount
For trades between $25 and $50, the fee is 1.29% of the total transaction amount
For trades between $50 and $200, the fee is 1.19% of the total transaction amount
For trades over $200, the fee is 1.09% of the total transaction amount
Deposit Fees
Coinbase does not charge any fees for deposits. However, users may incur fees from their bank or payment processor for making a deposit.
Withdrawal Fees
Coinbase charges a flat fee for all withdrawals. The fee is based on the amount of cryptocurrency being withdrawn and is calculated as follows:
For withdrawals under $10, the fee is $0.99
For withdrawals between $10 and $25, the fee is 1.49% of the total withdrawal amount
For withdrawals between $25 and $50, the fee is 1.29% of the total withdrawal amount
For withdrawals between $50 and $200, the fee is 1.19% of the total withdrawal amount
For withdrawals over $200, the fee is 1.09% of the total withdrawal amount
Conclusion
Coinbase charges fees for all transactions, including trading, deposits, and withdrawals. The fees vary depending on the size of the transaction and the type of transaction. It is important to understand these fees before using Coinbase, as they can add up quickly.
