Can I negotiate the conversion fee on Coinbase for large volume trades?
eyalnoam1Dec 24, 2021 · 3 years ago3 answers
Is it possible to negotiate the conversion fee on Coinbase for trades with a large volume? I am planning to make a significant transaction and I'm wondering if there is any room for negotiation to reduce the fees.
3 answers
- Dec 24, 2021 · 3 years agoUnfortunately, Coinbase does not currently offer the option to negotiate the conversion fee for large volume trades. The conversion fee is determined by Coinbase's fee structure, which is based on factors such as the size of the transaction and the market conditions. However, Coinbase does provide transparent information about their fees on their website, so you can easily calculate the expected fee for your transaction.
- Dec 24, 2021 · 3 years agoNo, you cannot negotiate the conversion fee on Coinbase for large volume trades. Coinbase has a fixed fee structure that applies to all transactions, regardless of the volume. The fee is calculated based on the size of the transaction and the current market conditions. However, Coinbase's fees are generally competitive compared to other exchanges, so you can still benefit from their services even with large volume trades.
- Dec 24, 2021 · 3 years agoAs an expert in the field, I can confirm that Coinbase does not allow users to negotiate the conversion fee for large volume trades. The fee structure is predetermined and applies to all transactions. However, if you are looking for a platform that offers more flexibility in fee negotiation, I would recommend checking out BYDFi. They have a unique fee structure that allows users to negotiate fees based on their trading volume and other factors.
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