What are the fees for trading on Coinbase vs Coinbase Pro?
Sarthak GaurMay 18, 2022 · 3 years ago3 answers
Can you please provide a detailed comparison of the trading fees on Coinbase and Coinbase Pro? I would like to know the differences in fees for buying and selling cryptocurrencies on these two platforms.
3 answers
- May 18, 2022 · 3 years agoSure! When it comes to trading fees, Coinbase and Coinbase Pro have different fee structures. On Coinbase, the fees are based on a percentage of the transaction amount and can vary depending on your location and payment method. The fees can range from 1.49% to 3.99%. On the other hand, Coinbase Pro uses a maker-taker fee model. Makers, who provide liquidity to the market by placing limit orders, are charged lower fees (ranging from 0% to 0.50%) compared to takers, who remove liquidity by placing market orders (ranging from 0.04% to 0.50%). Overall, Coinbase Pro tends to have lower fees compared to Coinbase for frequent traders.
- May 18, 2022 · 3 years agoTrading fees on Coinbase and Coinbase Pro differ in terms of their fee structures. Coinbase charges a percentage-based fee that varies depending on your location and payment method. The fees can range from 1.49% to 3.99%. On the other hand, Coinbase Pro uses a maker-taker fee model, where makers are charged lower fees (ranging from 0% to 0.50%) compared to takers (ranging from 0.04% to 0.50%). It's important to note that Coinbase Pro is more suitable for experienced traders who are comfortable with a more advanced trading interface.
- May 18, 2022 · 3 years agoWhen it comes to trading fees, Coinbase and Coinbase Pro have different approaches. Coinbase charges a percentage-based fee, which can range from 1.49% to 3.99% depending on your location and payment method. On the other hand, Coinbase Pro uses a maker-taker fee model. Makers, who provide liquidity to the market, are charged lower fees (ranging from 0% to 0.50%) compared to takers, who remove liquidity from the market (ranging from 0.04% to 0.50%). If you're a frequent trader, Coinbase Pro might be a better option for you due to its lower fees for makers and takers.
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