bank account or digital wallet, the flat fee would be $2.99 and the variable fee would be $1.49, so the customer would pay a $2.99 fee on the transaction. Here’s an example: if a customer wants to buy $100 of bitcoin with a U.S. That flat fee depends on the transaction amount and is laid out by Coinbase on its fee page. Coinbase charges what's called a spread of about 0.50% when you buy or sell cryptocurrencies, as well as a Coinbase Fee, which is a flat fee or determined by factors like where you’re based and what type of payment you’re using. The fees differ for trading on Coinbase and Coinbase Pro, and those for Coinbase can be higher and more complicated. Is Coinbase free?Ĭoinbase charges a fee for trading via the platform (unlike apps like Robinhood, which touts “free trading”). In September, Coinbase announced a new direct deposit option that will allow users to have their paychecks directly deposited to Coinbase and their pay automatically deposited as Bitcoin or another cryptocurrency. The company is also introducing Coinbase Card, a Visa debit card that users can use to earn rewards for spending the assets in their portfolio. Traders can also check which cryptocurrencies are the biggest movers. Like many trading apps, users can see their balance and a watchlist, which allows them to track the prices of different kinds of cryptocurrencies.
Coinbase is now available in more than 100 countries.
The company’s estimated revenue hit $1.31 billion in the third quarter of of 2021. Cryptocurrency is no exception, and Coinbase is reaping the benefits. Investing on apps like Robinhood has boomed in recently. Coinbase is more geared towards beginners while Coinbase Pro, the premium service, is for avid and experienced traders who make high volume transactions and want more trading options.
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