what are the fees for coinbase

Coinbase, a popular cryptocurrency exchange with over 100 million users, charges fees for transactions, withdrawals, and deposits, varying according to cryptocurrency type and payment method.

Nov 02, 2024 at 12:46 pm

Fees on Coinbase: A Comprehensive Guide

Coinbase is one of the most popular cryptocurrency exchanges, with over 100 million users. It offers a wide range of services, including buying, selling, and trading cryptocurrencies. However, like any other financial service, Coinbase charges fees for some of its services.

1. Transaction Fees

Transaction fees are charged for any transaction that you make on Coinbase, including buying, selling, or sending cryptocurrencies. The fee is a percentage of the transaction amount, and it varies depending on the type of cryptocurrency and the payment method.

Coinbase Pro: 0.50% maker fee, 0.50% taker fee
Coinbase:
- Credit/debit card: 3.99%
- ACH transfer: $1.99
- Bank wire: Free

2. Withdrawal Fees

Withdrawal fees are charged when you transfer cryptocurrency from your Coinbase account to another wallet. The fee depends on the type of cryptocurrency and the network fee at the time of the transaction.

Cryptocurrency	Coinbase	Coinbase Pro
Bitcoin	$1	$0.0005
Ethereum	$5	$2
Litecoin	$0.50	$0.0005
XRP	$0.25	$0.001

3. Deposit Fees

Deposit fees are charged when you transfer money from your bank account or payment method to your Coinbase account.

ACH transfer: Free
Bank wire: $10
Credit/debit card: 3.99%

4. Other Fees

In addition to the above fees, Coinbase may also charge fees for other services, such as:

Margin trading: 0.005% per day
Staking: Varies depending on the cryptocurrency
Custody fees: 0.20% per year

Conclusion

Coinbase fees can vary depending on the type of service and the payment method. It's important to understand these fees before using the platform so that you can budget accordingly. By carefully considering the fees, you can make informed decisions about how to use Coinbase to manage your cryptocurrency investments.

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