That Spread Can Change Based On Market Fluctuations.
Coinbase has some of the highest fees of any crypto exchange. When you buy bitcoins, the fee is 1.49% to 3.99%. When it comes to selling cryptocurrency, this is the first downfall of coinbase for australians.
Coinbase’s Fees Are Far Higher Than Investing In The Stock Market.
Coinbase’s convenience and ease of use come at a cost: Coinbase can get away with high fees because of their reputation for being. The fees for doing anything are massive.
As Of Writing This Coinbase Wallet Review, Though, The Fees Might Range Anywhere From 1,49% Up To 3,99%, Depending On A Number Of Different Factors.
Coinbase claims their spread is usually around 0.50%. Spending usdc (coinbase’s cryptocurrency) also comes with no fee. 1.49% trade fee for transactions from a us bank account.
Then There’s The Issue Of High Fees.
One more important detail is that coinbase says you have to pay a taker fee for the portion of any of. If you intend to trade on the platform, you will either pay a flat or variable fee. Plus, there’s a transaction fee that’s the greater of either a flat fee or a variable one depending on the amount purchased and the payment type.
The Higher Fee Is For Debit Cards And The Coinbase Card.
I am now astonished to find how much everything will cost to buy on coinbase, transfer etc. Fees for purchases above £200 may run up to 1.5% of any transaction with a minimum fee of £0.55. For infrequent investors, this may be acceptable, but better offers can typically be had elsewhere.