What are the fees associated with dollar-cost averaging on Coinbase?
Jando MudoMay 06, 2022 · 3 years ago1 answers
Can you explain the fees involved in dollar-cost averaging on Coinbase? I'm interested in knowing how much it costs to regularly invest in cryptocurrencies through this strategy.
1 answers
- May 06, 2022 · 3 years agoWhen it comes to dollar-cost averaging on Coinbase, the fees can have an impact on your investment returns. Coinbase charges a spread fee, which is the difference between the buy and sell price of a cryptocurrency. This fee is typically around 0.50%. In addition to the spread fee, Coinbase also charges a transaction fee, which can range from 1.49% to 3.99% depending on the payment method. It's important to factor in these fees when deciding whether dollar-cost averaging on Coinbase is the right strategy for you. Remember, fees can vary over time, so it's always a good idea to check Coinbase's website for the most accurate and up-to-date information.
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