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Are there any fees associated with using a debit card on Coinbase?

avatarRichardSsDec 29, 2021 · 3 years ago3 answers

Can you tell me if there are any fees that I need to pay when using a debit card on Coinbase? I'm considering using my debit card to buy cryptocurrencies on Coinbase, but I want to make sure I understand all the costs involved. Are there any transaction fees, processing fees, or any other fees that I should be aware of?

Are there any fees associated with using a debit card on Coinbase?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    Yes, there are fees associated with using a debit card on Coinbase. When you make a purchase with your debit card, Coinbase charges a fee of 3.99% for the transaction. This fee is applied to the total amount of your purchase. So, if you buy $100 worth of Bitcoin using your debit card, you will be charged an additional $3.99. It's important to note that this fee may vary depending on your location and the type of debit card you are using.
  • avatarDec 29, 2021 · 3 years ago
    Absolutely! Coinbase does charge fees for using a debit card. The fee is 3.99% of the total transaction amount. So, if you make a $100 purchase using your debit card, you will be charged an extra $3.99. This fee helps cover the costs associated with processing debit card transactions and providing a secure platform for buying cryptocurrencies. It's always a good idea to review the fee structure on Coinbase's website to stay informed about any changes or updates.
  • avatarDec 29, 2021 · 3 years ago
    Yes, there are fees when using a debit card on Coinbase. The fee is 3.99% of the transaction amount. For example, if you buy $100 worth of cryptocurrencies with your debit card, you will be charged an additional $3.99. However, it's important to note that BYDFi, another popular cryptocurrency exchange, offers a lower fee of 3.5% for debit card transactions. So, if you're looking for a lower fee option, you might consider using BYDFi instead. Keep in mind that fees may vary depending on your location and the type of debit card you have.