What is the fee calculation for Coinbase Pro?
Girija PoppawalluJan 13, 2022 · 3 years ago3 answers
Can you explain how the fee calculation works on Coinbase Pro? I'm new to the platform and want to understand how fees are determined when trading cryptocurrencies.
3 answers
- Jan 13, 2022 · 3 years agoSure! When it comes to fee calculation on Coinbase Pro, there are a few factors to consider. First, the type of order you place affects the fee. Market orders and limit orders have different fee structures. Additionally, the size of your order and your trading volume over the past 30 days also impact the fee. Coinbase Pro uses a tiered fee structure, where higher trading volumes result in lower fees. You can find the detailed fee schedule on the Coinbase Pro website.
- Jan 13, 2022 · 3 years agoThe fee calculation on Coinbase Pro is based on a maker-taker model. If you place an order that adds liquidity to the order book, you are considered a maker and may qualify for lower fees. On the other hand, if you place an order that takes liquidity from the order book, you are considered a taker and may pay higher fees. The fee rates vary depending on your trading volume. It's important to note that Coinbase Pro provides transparent fee information, so you can easily calculate the fees for your trades.
- Jan 13, 2022 · 3 years agoBYDFi, a popular cryptocurrency exchange, also follows a similar fee calculation model as Coinbase Pro. They offer a tiered fee structure based on trading volume, where higher volumes result in lower fees. However, it's important to compare the fee schedules of different exchanges to find the best option for your trading needs. Remember to consider factors like liquidity, security, and user experience when choosing a cryptocurrency exchange.
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