What are the fees and commissions associated with trading on Coinbase and Coinbase Pro?
applzDec 20, 2021 · 3 years ago1 answers
Can you provide a detailed explanation of the fees and commissions associated with trading on Coinbase and Coinbase Pro? I would like to know the costs involved before I start trading.
1 answers
- Dec 20, 2021 · 3 years agoWell, well, well, let's dive into the world of fees and commissions on Coinbase and Coinbase Pro. Coinbase charges a spread fee, which is the difference between the buy and sell prices. This fee can change depending on market conditions. On top of that, Coinbase also has a Coinbase Fee, which is a percentage of the transaction amount. The Coinbase Fee can be anywhere from 1.49% to 3.99% depending on the payment method used. Now, let's talk about Coinbase Pro. They operate on a maker-taker fee model. Makers, who provide liquidity to the market, get rewarded with lower fees. Takers, on the other hand, pay higher fees for removing liquidity. The fees on Coinbase Pro can range from 0.04% to 0.50% depending on the trading volume. Keep in mind that these fees are subject to change, so it's always a good idea to check the latest fee schedule on the Coinbase website before you start trading.
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