![]() If you can use a different exchange like Coinbase Pro or Binance, switch over. Don’t day trade, and hold for long periods of time. TLDR If you really have to use Coinbase, only purchase $200 or more at a given time. If you buy $100 worth of bitcoin, your fees are only $0.05 on Binance!!! I really just recommend you to use or kraken. Use Coinbase if you’re planning on holding coins for a long time. If you buy when it’s going down you will end up paying even more due to their spread fee (yes I know, hard to know when it’s going to go up). Use bank account to buy coins, not debit card. It’s hard to make money day trading when you’re automatically down 5% just from fees. If your DCA, instead of doing $50 every week, do $200 every four weeks.ĭo not day trade. Do NOT buy small amounts of something on here. ![]() If you’re going to buy anything, buy at least $200 worth of it. You can transfer between Coinbase and Coinbase pro free of charge. Fees are capped at 0.5% no matter how much you buy. You buy $1000 in crypto After fees you have $980.39 After selling $965.78 Over 3.4% lost You buy $200 in crypto After fees you have $196.02 After selling $193.03 Over 3.5% lost You buy $50 in crypto After fees you have $47.77 After selling $45.78 Over 8% lost You buy $25 in crypto After fees you have $23.39 After selling $21.90 Over 12% lost You buy $10 in crypto After fees you have $8.96 After selling $7.97 Over 20% lost So here is what we have if you bought and sold at same price: Now you also have to pay these fees when you are selling. You buy $1000 in crypto After fees you have $980.39 You buy $200 in crypto After fees you have $196.02 You buy $50 in crypto After fees you have $47.77 You buy $25 in crypto After fees you have $23.39 You buy $10 in crypto After fees you have $8.96 They do this is case there is a crazy spike in price between the time you confirm and the transaction actually goes through.įor conversions from one coin to the other, you’ll be charged a spread fee which is equal to or less than 2%. So you’ll be getting less bitcoin than you should be, by half of a percent. This means if you buy bitcoin and the market price is $50,000, they will charge you the purchase price of $50,000 plus half a percent. However, the actual spread may be higher or lower due to market fluctuations in the price of cryptocurrency on Coinbase Pro between the time we quote a price and the time when the order executes. US Bank Account 1.49% Coinbase USD Wallet 1.49% Debit Card or PayPal 3.99%Ĭoinbase charges a spread of about one-half of one percent (0.50%) for cryptocurrency purchases and cryptocurrency sales. If the total transaction amount is more than $50 but less than or equal to $200, the fee is $2.99 If the total transaction amount is more than $25 but less than or equal to $50, the fee is $1.99 If the total transaction amount is more than $10 but less than or equal to $25, the fee is $1.49 If the total transaction amount is less than or equal to $10, the fee is $0.99 Quick (or not so quick) overview of fees: So here we go.įirst off, if you can, use Coinbase Pro! Fees are 0.05%, nough said. Now there is nothing wrong with Coinbase (except, of course, the mind boggling fees) but I haven’t seen any post addressing how to use Coinbase without paying crazy fees or at least the best strategy to pay as little fees as possible. It’s also very easy to use for a beginner. Yeah Coinbase has a cool graph that shows you your portfolio. There are so many new subs to this forum and a lot of them are Coinbase users.
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