SEPA (European Bank Withdrawals): €0.15Īll Coinbase trading fees amount to 1.49% of the total transaction amount.Credit card deposits: 3.99% per transaction.Debit card deposits: 3.99% per transaction.Let’s break the fees down in more detail. You’ll pay fees every time you deposit or withdraw funds, and every time you buy or sell a cryptocurrency. When it comes to fees at Coinbase, this will depend on the specific account activity you are looking to perform. In order to see what you can buy within your Bitcoin account, simply head over to the Buy/Sell section and view the drop-down list. What cryptocurrencies does Coinbase support?Īt the time of writing in April 2019, Coinbase supports 10 different cryptocurrencies. This means that you can’t make a profit if you think the markets are going to go down. Once you’ve bought cryptocurrencies from the platform, you then have the choice of withdrawing them out to private Bitcoin wallets or storing them within your Coinbase account.ĭon’t forget you only have the option of going long at Coinbase. In return for this, Coinbase charges you to deposit and withdraw funds, as well as a transaction/trading fee every time you buy or sell coins. This means that when you buy cryptocurrencies on the platform, you are actually purchasing the coins directly from Coinbase, as opposed to trading them with other users. How does Coinbase Work?Ĭoinbase is somewhat different from other well-known cryptocurrency exchanges as they are more of a broker than an exchange. In response to Coinbase increasing their customer base, the platform recently released a sister cryptocurrency exchange called Coinbase Pro (previously GDAX). This includes a debit and credit card, bank transfer and in some cases – PayPal (Coinbase is one of the most well-known Paypal cryptocurrency platforms). One of the main appeals to using Coinbase is that they allow you to buy and sell cryptocurrencies using everyday payment methods.
based exchange claims to have more than 13 million users. This includes popular cryptocurrencies such as Bitcoin and Ethereum, as well as ERC-20 tokens like USDC.
What is Coinbase?Ĭoinbase is one of the top cryptocurrency exchanges that allows you to buy and sell a range of digital currencies. You’ll have access to more cryptocurrencies, they’re heavily regulated, they accept multiple payment methods, and best of all – you also have the option of going short. As a snap-shot overview, Coinbase is certainly a notable exchange to consider.
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