common-close-0
BYDFi
Trade wherever you are!

What is the cost of currency conversion on Coinbase?

avatarFacundoDec 29, 2021 · 3 years ago3 answers

Can you explain the fees associated with currency conversion on Coinbase?

What is the cost of currency conversion on Coinbase?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    When it comes to currency conversion on Coinbase, there are a few fees to keep in mind. First, Coinbase charges a spread of about 0.50% for converting between cryptocurrencies and fiat currencies. This means that the exchange rate you see on Coinbase may not be the exact market rate. Additionally, Coinbase may charge a Coinbase Fee, which is a flat fee or a percentage fee based on the transaction amount. The Coinbase Fee varies depending on the region and payment method used. It's important to note that these fees can change over time, so it's always a good idea to check Coinbase's website for the most up-to-date information.
  • avatarDec 29, 2021 · 3 years ago
    Currency conversion on Coinbase comes with certain costs. Coinbase charges a spread fee, which is the difference between the buying and selling price of a cryptocurrency. This fee is typically around 0.50% and is applied when converting between cryptocurrencies and fiat currencies. In addition to the spread fee, Coinbase may also charge a Coinbase Fee, which can be a flat fee or a percentage fee based on the transaction amount. The Coinbase Fee varies depending on factors such as the region and payment method. It's important to consider these fees when converting currencies on Coinbase to ensure you're aware of the total cost involved.
  • avatarDec 29, 2021 · 3 years ago
    When it comes to currency conversion on Coinbase, there are a few fees to take into account. First, there's the spread fee, which is the difference between the buy and sell prices of a cryptocurrency. This fee is typically around 0.50% and is applied when converting between cryptocurrencies and fiat currencies. Additionally, Coinbase may charge a Coinbase Fee, which can be a flat fee or a percentage fee based on the transaction amount. The Coinbase Fee varies depending on factors such as the region and payment method used. It's worth noting that these fees are subject to change, so it's always a good idea to check Coinbase's website for the most accurate and up-to-date information.