What is the cost of using the recurring buy feature on Coinbase?

Can you explain the fees associated with using the recurring buy feature on Coinbase? How much does it cost to set up and use this feature?

3 answers
- When using the recurring buy feature on Coinbase, there are fees involved. Coinbase charges a fee of 1.49% for every transaction made through this feature. This fee is deducted from the total amount of the transaction. So, if you set up a recurring buy for $100, Coinbase will deduct $1.49 as a fee, and you will receive $98.51 worth of the cryptocurrency you are purchasing.
Mar 28, 2022 · 3 years ago
- The cost of using the recurring buy feature on Coinbase includes a fee of 1.49% per transaction. This fee is relatively standard in the industry and is used to cover the costs associated with processing the transaction and maintaining the platform. It's important to consider this fee when setting up recurring buys to ensure it aligns with your investment strategy.
Mar 28, 2022 · 3 years ago
- When using the recurring buy feature on Coinbase, you will be charged a fee of 1.49% for each transaction. This fee is deducted from the total amount of the transaction and is used to cover the costs of maintaining the platform and providing the service. It's worth noting that other exchanges may have different fee structures, so it's always a good idea to compare fees before choosing a platform.
Mar 28, 2022 · 3 years ago

Related Tags
Hot Questions
- 82
How can I protect my digital assets from hackers?
- 77
What are the best practices for reporting cryptocurrency on my taxes?
- 67
What are the best digital currencies to invest in right now?
- 64
Are there any special tax rules for crypto investors?
- 57
What are the tax implications of using cryptocurrency?
- 41
How does cryptocurrency affect my tax return?
- 34
How can I minimize my tax liability when dealing with cryptocurrencies?
- 30
What are the advantages of using cryptocurrency for online transactions?