QUESTION
What are the transaction fees for using Coinbase?
ANSWER
Coinbase transactions fees vary depending on the location of the user, the payment method used, and other factors such as the current state of the cryptocurrency market. Typically, Coinbase charges a spread of about 0.50% for cryptocurrency purchases and sales; however, this rate may fluctuate due to market conditions. On top of that spread, Coinbase also charges a Coinbase Fee, which is the greater of a flat fee or a variable percentage that depends on the region, product feature, and payment type. The flat fees can range from $0.99 to $2.99 based on the transaction amount in the United States. For larger transactions, the fees are calculated as a percentage that can be around 1.49% for standard buy/sell transactions using a bank account and approximately 3.99% for credit/debit card transactions. These rates are designed to cover network and processing costs associated with blockchain transactions as well as to support Coinbase's operations. Users are encouraged to review the complete fee structure on the Coinbase website or within their account dashboard for up-to-date and specific fee information as fees can change due to numerous influencing factors.
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