Trades over $200, while carrying a larger total cost, will only represent 1.49% of the purchase price. Just look at the math: a trade of $10 will cost $0.99 in fees, which is roughly 10% of the total purchase price. Try to trade in units over $200 – it is better to save your money and make one large trade as opposed to making frequent trades under Coinbase’s current fee structure.While not always the most convenient, the hefty fees for debit card and wire transfers will only make the cost of doing business that much higher. Always fund your account and make withdrawal via ACH transfer – as you can see, this is a free service.However, there are a couple of ways to reduce your costs: For frequent traders, this will undermine profits. With a basic Coinbase account, there is no way around it: fees are going to be high. How to Avoid Paying High Fees on Coinbase In addition to these fees, Coinbase has some flat fees for those account holders trading in small denominations. You would only be able to purchase $492.55 worth of BTC, as Coinbase will keep $7.45 as a fee ($500 X. So let’s say you have $500 USD in your Coinbase account and want to use the full amount to purchase some BTC. The following table breaks down the fees Coinbase charges for various payment methods: Payment Method Now that you know some of the factors behind why Coinbase fees are so high, let’s take a look at how these fees are actually assessed. Reputation – Coinbase has established a reputation of safety, legitimacy, and security in a space where scams are all too common and people are willing to pay a premium for these features.Coinbase estimates these costs prior to executing a transaction on your behalf and passes them on to the customer in the form of a fee. Mining crypto uses a lot of energy and requires a robust computer network.
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