Do the CoinBase fees vary depending on the type of cryptocurrency being traded?
Solomon SummersDec 28, 2021 · 3 years ago3 answers
Are the fees charged by CoinBase different for different types of cryptocurrencies?
3 answers
- Dec 28, 2021 · 3 years agoYes, 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.
- Dec 28, 2021 · 3 years agoAbsolutely! 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.
- Dec 28, 2021 · 3 years agoYes, 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.
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