If you don’t use Coinbase Pro, you’ll have to deal with a confusing fee system that’s also rather pricey. In comparison to its competitors, the cost of trading on Coinbase’s basic platform is relatively expensive. Those new to crypto who are looking for simplicity may overlook this.
The fees charged by Coinbase vary by country and area, but for the sake of this analysis, we will concentrate on fees charged within the United States.
|Payment Method||Coinbase Fee|
|Coinbase USD Wallet||1.49%|
|Wire Transfer||$10 ($25 outgoing)|
Coinbase also charges various spreads on purchases and transactions in addition to these costs. Coinbase claims to charge around 0.50 percent for the acquisition and sale of cryptocurrencies worth less than $10,000. This charge is drastically decreased for amounts between $10,000 and $50,000 (0.35 percent) and continues to decline with each pricing tier until maker-taker fees reach 0.00 percent and 0.04 percent, respectively, for amounts of $500,000,000 and up. This could go up or down depending on market conditions.
In addition to the spread and the cost of depositing money noted earlier in the chart, there is a “Coinbase Fee.” This cost is determined by the amount of the purchase, the payment method (debit/credit), and the region from which you are making the purchase.
The following are some examples of “Coinbase Fees” that one can encounter on Coinbase’s platform:
- The cost is $0.99 | €0,99 | £0,99 if the total transaction value is less than or equal to $10.
- The cost is $1.49 | €1,49 | £1,49 if the total transaction amount is higher than $10 but less than or equal to $25.
- The cost is $1.99 | €1,99 | £1,99 if the total transaction amount is higher than $25 but less than or equal to $50.
- The cost is $2.99 | €2,99 | £2,99 if the total transaction amount is higher than $50 but less than or equal to $200.
Coinbase Pro Fees
The fees with Coinbase Pro are substantially lower and less difficult. Digital assets and ACH transactions are both free to deposit and withdraw when using Coinbase Pro. Wire transfers cost ten dollars to deposit and twenty-five dollars to withdraw.
|Pricing Tier||Taker Fee||Maker Fee|
|$10 – 50K||0.35%||0.35%|
|$50 – 100K||0.25%||0.15%|
|$100K – 1M||0.20%||0.10%|
|$50 – 100M||0.10%||0.00%|
|$100 – 300M||0.07%||0.00%|
|$300 – 500M||0.06%||0.00%|
|$500M – 1B||0.05%||0.00%|
Signing up for a Coinbase Account
Signing up for Coinbase is simple. To start, enter your name, email address, and desired password. After that, you’ll need to confirm your email address. Next, Coinbase will ask you to enter your phone number in order to receive a verification code. (Coinbase will issue 2-step verification codes to this phone number in the future when logging into your account.) Following this, you will be asked to input your identity details.
You must establish your identity with state identification, just as you would with any bank or investment account. A social security number will be required for users in the United States. After submitting this information, your Coinbase account will be created. You will then be able to enter your bank account, credit card, and/or debit card details to enable deposits and withdrawals, allowing you to begin trading or investing.
Signing up for a Coinbase account automatically gives you access to Coinbase Pro. Two accounts are not needed.