What are the fees associated with shorting cryptocurrency on Coinbase?

3 answers

• May 02, 2022 · 3 years ago
  When it comes to shorting cryptocurrency on Coinbase, there are a few fees you should be aware of. First, Coinbase charges a borrowing fee for the cryptocurrency you are shorting. This fee is typically a percentage of the value of the borrowed cryptocurrency and is charged on a daily basis. Additionally, Coinbase may charge interest on the borrowed amount. The interest rate can vary depending on market conditions and the specific cryptocurrency being borrowed. It's important to note that these fees can add up quickly, so it's essential to carefully consider the costs before engaging in short selling on Coinbase.
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• May 02, 2022 · 3 years ago
  Shorting cryptocurrency on Coinbase comes with its fair share of fees. You'll need to pay a borrowing fee for the cryptocurrency you want to short, which is calculated based on the value of the borrowed coins. This fee is charged daily and can vary depending on market conditions. Additionally, Coinbase may charge interest on the borrowed amount. The interest rate is subject to change and can be influenced by factors such as market demand and the specific cryptocurrency being borrowed. It's crucial to factor in these fees when considering short selling on Coinbase to ensure you're making an informed decision.
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• May 02, 2022 · 3 years ago
  Shorting cryptocurrency on Coinbase involves certain fees that you should be aware of. Coinbase charges a borrowing fee, which is a percentage of the value of the borrowed cryptocurrency. This fee is calculated on a daily basis and can vary depending on market conditions. In addition to the borrowing fee, Coinbase may also charge interest on the borrowed amount. The interest rate is subject to change and can be influenced by factors such as market demand and the specific cryptocurrency being borrowed. It's important to carefully consider these fees before engaging in short selling on Coinbase to avoid any surprises.
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