How does Coinbase make money if it's free to use?

3 answers

• Dec 26, 2021 · 3 years ago
  Coinbase makes money through various revenue streams. While it's true that the platform itself is free to use, Coinbase charges fees for certain transactions. For example, when users buy or sell cryptocurrencies on Coinbase, they are charged a transaction fee. Additionally, Coinbase also earns revenue through its Coinbase Pro platform, where it charges fees for trading activities. Another source of revenue for Coinbase is its Coinbase Commerce service, which allows merchants to accept cryptocurrency payments. Coinbase charges a fee for this service as well. Overall, Coinbase's revenue primarily comes from transaction fees and service charges.
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• Dec 26, 2021 · 3 years ago
  So, you're wondering how Coinbase manages to stay in business without charging its users directly? Well, the truth is that Coinbase does charge fees, just not for everything. While it may be free to sign up and use the basic features, Coinbase makes money through transaction fees. Whenever you buy or sell cryptocurrencies on the platform, Coinbase takes a small percentage as a fee. This fee can vary depending on the transaction amount and the payment method used. So, even though it may seem free on the surface, Coinbase still manages to generate revenue through these transaction fees.
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• Dec 26, 2021 · 3 years ago
  Ah, Coinbase, the popular cryptocurrency exchange that seems to be free, but is it really? Well, the answer lies in the transaction fees. Coinbase charges a fee every time you buy or sell cryptocurrencies on their platform. The fee is usually a small percentage of the transaction amount. This is how Coinbase makes money while offering free access to their platform. But hey, don't worry, these fees are pretty standard in the industry. Other exchanges also charge similar fees, so Coinbase is not alone in this game. It's just their way of keeping the lights on and providing you with a secure and reliable trading platform.
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