QUESTION
What are the service charges for using Coinbase?
ANSWER
Coinbase, a prominent digital currency exchange, implements a variety of service charges for its transactions and operations. The fees depend on several factors including the user's location, payment method, and whether they're using Coinbase or Coinbase Pro. Generally, Coinbase charges a spread of about 0.50% for cryptocurrency purchases and sales. In addition to the spread, Coinbase also charges a Coinbase Fee which can be either a flat fee or a percentage of the transaction (varying by region, product feature, and payment method). For example, the platform may charge a fee when fiat currency is exchanged for cryptocurrency, and vice versa. Digital currency conversions on Coinbase have a spread margin that can be up to 2%. Withdrawals and other service-related operations might incur additional costs. Users are advised to carefully review the fees section in Coinbase's user agreement and FAQ for detailed and up-to-date information on all applicable charges.
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