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Are there any hidden fees when using Coinbase to buy and sell crypto?

avatarTea J TeaDec 27, 2021 · 3 years ago2 answers

Can you tell me if there are any hidden fees that I should be aware of when using Coinbase to buy and sell cryptocurrencies? I want to make sure I understand all the costs involved before I start trading.

Are there any hidden fees when using Coinbase to buy and sell crypto?

2 answers

  • avatarDec 27, 2021 · 3 years ago
    Yes, Coinbase does charge fees for buying and selling cryptocurrencies. The fees vary depending on the transaction amount and the payment method you choose. For example, if you use a bank transfer, the fees are lower compared to using a credit or debit card. Coinbase also charges a spread, which is the difference between the buying and selling prices of the cryptocurrencies. It's important to carefully review Coinbase's fee structure on their website to understand the specific fees for your transactions.
  • avatarDec 27, 2021 · 3 years ago
    Yes, there are fees associated with using Coinbase to buy and sell cryptocurrencies. Coinbase charges a fee for each transaction, which is based on the total transaction amount. The fee is typically a percentage of the transaction value. Additionally, Coinbase may also charge a spread, which is the difference between the buying and selling prices of the cryptocurrencies. It's important to note that the fees may vary depending on the payment method you choose. To get a clear understanding of the fees, I recommend checking Coinbase's fee schedule on their website. They provide detailed information about the fees for each payment method.