Introduction: In this detailed fees breakdown, we probe into Coinbase's Trading Fees. Our objective is to offer our readers a thorough understanding of all fees taken by Coinbase. This includes exchanges fees, trading fees, spot fees, deposit and withdrawal fees and much more!
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The platform caters to both retail and institutional investors and supports the buying, selling and trading of over 200 cryptocurrencies.
Coinbase offers a suite of services such as spot trading, recurring buys, staking, and an educational program called learn & earn which rewards users for learning about cryptocurrencies.
For advanced traders, Coinbase Pro provides additional trading features and with over 100 million users, Coinbase is one of the largest exchanges in the world.
With the wide range of products offered by Coinbase, there are also multiple types of fees that users and traders must take into consideration. Let's go through step-by-step each one of the fees levied by Coinbase.
Coinbase Pricing
When it comes to it's trading services, Coinbase operates different types of fees depending on which products users are using.
For example, Coinbase charges exchange fees and a spread when users are buying, sell or converting cryptocurrencies.
These trading fees differ for example from the Advanced Trading Fees which are charged by a maker and taker model when buying/selling using the order book.
And finally, Coinbase has also recently introduced Coinbase One which is a subscription product that allows users to trade without fees for $29.99 per month.
Coinbase Transaction Fees
Coinbase applies a standard 1% transaction fee to all cryptocurrency operations based. The provision of Coinbase Commerce as a service platform is a key reason behind this charge.
This platform enables smoother transactions between merchants and customers by offering a suite of tools including transaction reporting to simplify accounting processes, adaptable invoices, customised checkouts, and additional features.
Coinbase Trading Fees
Coinbase Exchange employs a maker-taker fee model for its trading fees. In this model, makers who add liquidity to the market and takers who remove liquidity are charged differently.
Coinbase spot trading fees
If you place an order at the market price that gets filled instantly, you're a taker and will pay a fee ranging from 0.05% to 0.60%. If you place an order that doesn't immediately match an existing one, you're a maker.
For the vast majority of people who are trading below $10,000 during a 30-day period, they will be charged a 0.40% maker fee and a 0.60% taker fee.
Coinbase Pro Fees
The fees on Coinbase Pro follow the same tier schedule that we outline above. The spot maker and taker fees begin at 0.40%-0.60% with the possibility of decreasing with trading volumes above $10,000 during a 30-day window.
Coinbase Deposit Fees
On Coinbase, users have the flexibility to deposit funds using three major fiat currencies: USD, EUR, and GBP.
Coinbase Deposit Fees
For users dealing in USD, deposits can be made via two methods: ACH and Wire transfer. ACH deposits are free of charge, while Wire transfers, while offering a quick and secure deposit method, come with a fee of $10 USD.
For those trading in EUR, deposits can be made using the SEPA transfer method. SEPA transfers are known for their efficiency and low cost with Coinbase charging a small fee of 0.15 EUR per deposit.
Lastly, for users depositing GBP, Swift transfers can be used for deposits free of charge which makes them a very cost-effective option!
Coinbase Withdrawal Fees
Users can also conveniently withdraw their funds in the same three major fiat currencies: USD, EUR, and GBP.
Coinbase Withdrawal Fees
For users wishing to withdraw in USD, two methods are available: ACH and Wire transfer. ACH withdrawals are free of any fees while Swift withdrawals come with a withdrawal fee of $25 USD.
For those wishing to withdraw in EUR, Coinbase offers withdrawals using SEPA transfers for a small 0.15 EUR withdrawal fee. Lastly, for users wishing to withdraw in GBP, Swift withdrawals come with a fee of 1 GBP.
Coinbase Wallet Fees
For users that have downloaded the Coinbase non-custodial wallet, they will be charged 1% when using the exchange services used in the wallet.
Coinbase Purchase Fees
The cost to buy and sell cryptocurrencies on Coinbase, assuming users are not using the order book, come with a transaction fee of 1% per trade.
Coinbase Fees Too High
Coinbase's fee are on the higher end and not really competitive with most other well known exchanges such as Kucoin and OKX.
To be fair to Coinbase, they are also operating in a much more regulatory fierce environment and are also not able to offer an equally wide range of products as their competition.
eToro USA LLC: Investments are subject to market risk. Including the possible loss of principal. Don’t invest unless you’re prepared to lose all the money you invest.
