What are the fees for trading on Kraken compared to Coinbase?
KKKDec 20, 2021 · 3 years ago5 answers
Can you provide a detailed comparison of the trading fees on Kraken and Coinbase? I would like to know the differences in terms of deposit fees, withdrawal fees, maker fees, and taker fees. Additionally, I'm interested in understanding if there are any discounts or promotions available on either platform. Thank you!
5 answers
- Dec 20, 2021 · 3 years agoSure! When it comes to trading fees, Kraken and Coinbase have slightly different fee structures. On Kraken, the fees vary depending on your trading volume over the past 30 days. The fees start at 0.16% for makers and 0.26% for takers, but they can go as low as 0% for makers and 0.10% for takers if you have a high trading volume. On the other hand, Coinbase charges a flat fee of 1.49% for both makers and takers. So, if you're a high-volume trader, Kraken might offer lower fees compared to Coinbase. However, if you're a small trader, Coinbase's flat fee might be more cost-effective.
- Dec 20, 2021 · 3 years agoWell, let me break it down for you. Kraken's fee structure is based on a tiered system, which means the more you trade, the lower your fees. For makers, the fees range from 0.16% to 0%, and for takers, the fees range from 0.26% to 0.10%. On the other hand, Coinbase charges a flat fee of 1.49% for both makers and takers, regardless of your trading volume. So, if you're a frequent trader with a high trading volume, Kraken might be the better option for you. However, if you're a casual trader or just starting out, Coinbase's flat fee might be more convenient.
- Dec 20, 2021 · 3 years agoAs an unbiased third party, I can tell you that Kraken and Coinbase have different fee structures. Kraken offers a tiered fee system, where the fees decrease as your trading volume increases. On the other hand, Coinbase charges a flat fee of 1.49% for both makers and takers. So, if you're a high-volume trader, Kraken might be more cost-effective for you. However, if you're a small trader or prefer simplicity, Coinbase's flat fee might be more suitable. It's important to consider your trading volume and preferences when choosing between the two platforms.
- Dec 20, 2021 · 3 years agoTrading fees on Kraken and Coinbase differ slightly. Kraken uses a tiered fee structure, which means the fees decrease as your trading volume increases. The maker fees start at 0.16% and can go as low as 0%, while the taker fees start at 0.26% and can go as low as 0.10%. On the other hand, Coinbase charges a flat fee of 1.49% for both makers and takers. So, if you're a high-volume trader, Kraken might offer lower fees. However, if you prefer simplicity and don't trade frequently, Coinbase's flat fee might be more convenient.
- Dec 20, 2021 · 3 years agoLet's talk about the fees! Kraken and Coinbase have different fee structures. Kraken's fees are based on a tiered system, where the fees decrease as your trading volume increases. The maker fees range from 0.16% to 0%, and the taker fees range from 0.26% to 0.10%. On the other hand, Coinbase charges a flat fee of 1.49% for both makers and takers. So, if you're a high-volume trader, Kraken might be more cost-effective. However, if you prefer a simple and straightforward fee structure, Coinbase might be a better choice for you.
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