QUESTION
What is the fee structure for transactions on Coinbase?
ANSWER
Coinbase's fee structure can be somewhat intricate, as it varies based on the user's location, method of payment, and transaction size. Generally, Coinbase charges a base rate for all transactions in the United States of 4%. However, the fees can be lower depending on the payment method; for example, bank account transfers have a lower fee compared to credit card or PayPal transactions. There is also a variable percentage fee for buying and selling cryptocurrencies, which depends on the amount of the transaction and the payment method. For larger transactions, Coinbase employs its Coinbase Pro platform where the fee structure typically follows a maker-taker model ranging from 0% to 0.5% per transaction. This is intended for more active traders who trade large volumes and offers a more competitive fee structure compared to the standard Coinbase platform.
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