How much do I have to pay for fees when buying Bitcoin on Coinbase?
Houmann AnkersenDec 19, 2021 · 3 years ago3 answers
I'm interested in buying Bitcoin on Coinbase, but I'm not sure how much I'll have to pay in fees. Can you please explain the fee structure for buying Bitcoin on Coinbase?
3 answers
- Dec 19, 2021 · 3 years agoWhen buying Bitcoin on Coinbase, you will have to pay fees based on the total transaction amount. The fee structure is tiered, meaning the more you buy, the lower the fee percentage. For example, if you buy less than $10, the fee is 1.49%. If you buy between $10 and $25, the fee is 1.49% plus $0.99. The fees gradually decrease as the transaction amount increases. It's important to note that Coinbase also charges a spread, which is the difference between the buying and selling price of Bitcoin. This spread can vary depending on market conditions.
- Dec 19, 2021 · 3 years agoBuying Bitcoin on Coinbase comes with fees, but they are relatively competitive compared to other exchanges. The fee structure is transparent and can be found on Coinbase's website. It's always a good idea to check the fee schedule before making a purchase. Additionally, Coinbase offers a fee calculator on their platform, which allows you to estimate the fees based on the transaction amount. Keep in mind that fees may vary depending on the payment method you choose, such as credit card or bank transfer.
- Dec 19, 2021 · 3 years agoWhen buying Bitcoin on Coinbase, the fees are calculated based on the total transaction amount and the payment method used. The fee structure is designed to be fair and competitive. Coinbase provides a clear breakdown of the fees on their website, so you can easily calculate how much you'll have to pay. It's worth noting that Coinbase offers a fee discount for users who hold a certain amount of their native cryptocurrency, Coinbase Coin (CC). This discount can help reduce the fees even further, making Coinbase an attractive option for buying Bitcoin.
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