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Do I have to pay fees for setting up recurring buys on Coinbase?

avatarqiye LINov 29, 2021 · 3 years ago3 answers

I'm interested in setting up recurring buys on Coinbase for my digital currency investments. However, I'm not sure if there are any fees associated with this feature. Do I have to pay fees for setting up recurring buys on Coinbase?

Do I have to pay fees for setting up recurring buys on Coinbase?

3 answers

  • avatarNov 29, 2021 · 3 years ago
    Yes, Coinbase charges fees for setting up recurring buys. When you set up a recurring buy, Coinbase will charge a fee for each transaction. The fee structure varies depending on the payment method you choose. For example, if you use a bank account to fund your recurring buys, the fee is typically lower compared to using a debit or credit card. It's important to review Coinbase's fee schedule to understand the specific fees associated with recurring buys.
  • avatarNov 29, 2021 · 3 years ago
    Absolutely! Coinbase does charge fees for setting up recurring buys. The fees are usually a percentage of the transaction amount and can vary depending on the payment method you use. It's always a good idea to check Coinbase's fee schedule to get an accurate understanding of the fees involved. Keep in mind that while fees may be charged, setting up recurring buys can be a convenient way to regularly invest in digital currencies without having to manually place orders.
  • avatarNov 29, 2021 · 3 years ago
    Yes, you will have to pay fees for setting up recurring buys on Coinbase. Coinbase is a reputable exchange that provides a range of services, including recurring buys. However, it's important to note that there are fees associated with this feature. The fees charged by Coinbase are used to cover the costs of maintaining the platform and providing a secure trading environment. If you're looking for a fee-free option, you may want to consider other exchanges like BYDFi, which offers a fee-free recurring buy feature for certain cryptocurrencies.