Coinbase vs Coinbase Pro: What are the differences?Ĭoinbase and Coinbase Pro are actually two separate but related products. Users can trade cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. Coinbase and Coinbase Pro currently operate in the US, Europe, UK, Canada, Australia, and Singapore.
#COINBASE TRANSACTION FEES TOO HIGH PRO#
Reduce Coinbase Fees when sending BitcoinĬoinbase and Coinbase Pro (previously known as GDAX are two of the more popular platforms around the world where people can buy, sell, and trade cryptocurrencies. To find out more about the best Cryptocurrency Exchanges in our Guide. Here are some top tips and hacks to avoid or reduce Coinbase Fees.
So with frequent usage of the Exchange, withdrawal fees can certainly add up. Many not only use Coinbase to buy cryptocurrencies, but also to store their cryptocurrencies. Coinbase is the most popular cryptocurrency exchanges in the US and UK due to the ability to directly purchase cryptocurrencies with fiat, as well as being one of the few exchanges that allow US citizens to trade. However there is a neat trick allows you to avoid withdrawal fees. What's even more concerning is that Coinbase make it impossible for users to find this information, and it took me a lot of time to learn about the fee structure on their platform.Coinbase, like most exchanges charges withdrawal fees. You guys can take a quick look at the buycryptocompare website when writing this, $1,000 will only get me 0.032362 BTC on Coinbase, while for the same $1,000, I can get 0.033004 BTC on other exchanges. That's not even considering the higher prices on Coinbase, resulting in me getting much less BTC than other exchanges. I'm sure they are profiting off of these high prices.įor example, when I bought $10,000 worth of BTC on Coinbase, I was charged 1.5%, which is $150, which means by buying BTC on Coinbase, I already automatically lost 1.5% of my investment. Their cryptocurrency prices are always much higher than the prices on other exchanges. The fees charged by Coinbase in some transactions can cost up to hundreds of dollars in fees alone, and this doesn't even factor in the high prices(spreads). But I was even more shocked when I looked at the website and realized how much higher Coinbase has been charging me compared to other exchanges. I've been using Coinbase for a while now and noticed their charges for purchasing cryptocurrencies are higher than other exchanges. I have had enough of the exorbitant fees and high prices that Coinbase charges its users for buying cryptos. r/CryptoCurrencyMemes r/CryptoCurrency_Tech r/CryptoMarkets r/CryptoRecruiting r/Best_of_Crypto r/BitcoinMarkets r/BitcoinMining r/CryptoTrade r/Ethfinance r/EthTrader r/Jobs4Crypto r/Liberland r/NFT r/OpenBazaar r/GPUmining Mastering Ethereum (Open Source book) Exchanges IBM's ZeroToBlockchain (Free learning resources) See our Expanded Rules page for more detailsĬoinMarketCap (Cryptocurrency market cap info)ġ0k.pizza (Portfolio tracking.See our Expanded Rules page for more details about this rule.This includes "PM for referral", asking for referral codes or links, and linking to sites used solely for referral links.
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