common-close-0
BYDFi
Trade wherever you are!

Do the CoinBase fees vary depending on the type of cryptocurrency being traded?

avatarSolomon SummersDec 28, 2021 · 3 years ago3 answers

Are the fees charged by CoinBase different for different types of cryptocurrencies?

Do the CoinBase fees vary depending on the type of cryptocurrency being traded?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Yes, the fees charged by CoinBase can vary depending on the type of cryptocurrency being traded. CoinBase uses a tiered fee structure, where the fees are based on the total trading volume in USD over a 30-day period. The higher the trading volume, the lower the fees. Different cryptocurrencies may have different trading volumes, which can result in different fees.
  • avatarDec 28, 2021 · 3 years ago
    Absolutely! CoinBase has a fee schedule that takes into account the trading volume of each cryptocurrency. The more you trade, the lower the fees. So, if you're trading a high-volume cryptocurrency like Bitcoin, you may enjoy lower fees compared to trading a lower-volume cryptocurrency.
  • avatarDec 28, 2021 · 3 years ago
    Yes, CoinBase fees do vary depending on the type of cryptocurrency being traded. However, it's important to note that CoinBase is not the only exchange that charges fees based on trading volume. Many other exchanges, including BYDFi, also have similar fee structures. So, it's always a good idea to compare fees across different exchanges before making a trade.