You can store and trade your crypto coins on the Coinbase Prime service for free. Coinbase Prime feesĬoinbase Prime brokerage offers services for institutional customers with a unit that ties together custody, trading, data analytics, and other amenities. Visit Coinbase’s costs and pricing page for a more conclusive breakdown. The ones highlighted above only apply to U.S. Remember, these fees vary according to the payment method. External transfers attract a network fee.Crypto transfers are free between Coinbase accounts.For crypto conversions, Coinbase charges up to 2% in spread margins.Transactions above $200 Coinbase will charge a percentage fee of 1.49% for standard payment methods and 3.99% for card payments. With Coinbase Pro, digital assets and ACH transfers (bank-to-bank money transfers processed through the Automated Clearing House Network) are free to deposit and withdraw, while wire transfers are $10 to deposit and $25 to withdraw. Coinbase Pro FeesĬoinbase Pro fees are more economical and less complicated than the standard Coinbase platform. The broker states that they typically charge about 0.50% to purchase and sell cryptocurrency below $10,000 in value. In addition, Coinbase charges variable spreads on purchases and trades. Charges vary from $0.99 for transactions below $10 to $2.99 for transactions under $200 or an equivalent in any other currency. Nevertheless, Coinbase allows transactions in many different currencies and permits a range of payment methods. As a result, the service charges relatively high fees when compared to other exchanges. This fee is contingent upon the value of the acquisition, payment type (debit/credit), and region where you make the purchase. Coinbase fees explained Trading feesĪs stated earlier, Coinbase charges varying prices depending on the payment method and the user’s location, including a “Coinbase Fee” in addition to the spread and the cost of depositing money. The reason fees and pricing are not transparent is that the exchange offers several variant products and services to its customers, and each has its own custom pricing model. The digital crypto brokerage also has a complex fee system that is expensive if you are not using Coinbase Pro. However, those who are new to crypto and are looking for convenience and user-friendliness may opt to overlook this. Trading on Coinbase’s standard platform is relatively high in comparison to its competitors. To retrieve the full fee details by geo, see the official source here. Still, we will focus predominantly on costs within the United States in this review. Coinbase’s fees deviate across different countries and regions. Finally, Coinbase’s user-friendly consumer platform is simply for buying and selling well-known cryptocurrencies.ĭesigned with the beginner in mind, plenty of new investors who enter the crypto world join Coinbase as their first stop due to its reliable and trusted reputation. Coinbase Prime is designed with institutions in mind as they require access to deep liquidity pools. For frequent crypto traders, you can quickly transfer to Coinbase Pro, where you can trade between a wider variety of cryptos. The exchange has more than $223 billion of assets under management, and, in Q1 of 2021, it processed more than $335 billion worth of trades.Ĭoinbase features three core products: Coinbase crypto brokerage services, a professional trading platform named Coinbase Pro, and a recently-rolled-out Coinbase Prime for institutions.Īll three platforms are separate. company had over 6.1 million monthly active users in the first quarter of 2021 at present, it handles more than 56 million clients worldwide and more than 1,700 institutions and is considered one of the most accessible platforms to buy and sell bitcoin. Considered one of the biggest crypto exchanges globally, Coinbase is a digital cryptocurrency brokerage where you can buy and trade bitcoin and other digital assets.
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