When you’re looking to invest in cryptocurrency, Coinbase is an appealing option to start. But if you start using Coinbase without digging any deeper, you’re going to end up paying fees that can add up over time.
Coinbase fees can be somewhat complicated, especially for beginners. Coinbase and Coinbase Pro are two cryptocurrency exchanges hosted by Coinbase Global Inc. Each of them has its own fee structure. Advanced Trade, which was introduced on the Coinbase platform in June, is set to replace Coinbase Pro.
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This guide will help you understand the full breakdown of Coinbase and Coinbase Pro fees and how you can minimize your costs.
Coinbase Fees Explained
Coinbase does not charge any fees for holding supported cryptocurrency on your crypto wallet. However, it does charge a miner’s fee for transfers of cryptocurrency off the Coinbase platform.
Here is a breakdown of Coinbase fees that you will incur on the platform.
Margin or Spread Fees
Coinbase includes the fees for spread in the price whenever you purchase or sell your crypto. It will also be included in the exchange rate if you convert your crypto.
The spread allows Coinbase to temporarily lock in a price for trade execution while you review the transaction details before submitting your transaction. This spread applies to all cryptocurrency transactions on the Coinbase platform and while using Coinbase Card.
Staking Fees
When you stake your crypto on the Coinbase platform, Coinbase charges a 15% commission on rewards that you earn. Here’s a breakdown:
35% for ADA, DOT and SOL (26.3% for eligible Coinbase One members)
25% for ETH, XTZ and ATOM (for XTZ and ATOM, it’s 15% for eligible Coinbase One members)
Coinbase Transaction Fees
Also known as the Coinbase Fee, this is a confusing fee structure that considers multiple factors. The user will pay either a flat fee or a variable percentage of the transaction, depending on region, product and payment method. Coinbase does not publish these fees, but they have been reported by third parties as the following.
Coinbase charges fee that’s based on an estimate of the network fees for wallet-to-wallet send, on any cryptocurrency transactions. Your final fee could vary from the estimat for these reasons. Coinbase will disclose the information including fees when the transaction is being filled.
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Coinbase Card
Credit transactions are charged a flat fee of 2% in total if you are borrowing USD from Coinbase or another affiliate of Coinbase. There is a 2.49% fee for Coinbase Wallet currency conversions.
If you use your Coinbase card at an ATM, you may be charged operational fees. Be sure to double-check your card agreement to confirm.
Coinbase Advanced Trade Fees
As of June 2022, Coinbase Pro is being phased out and is being replaced by Advanced Trade. Advanced Trade is the advanced trading platform of Coinbase that is suitable for more experienced traders.
Advanced Trade fees are similar to those of Coinbase Pro and are based on a maker/taker model. Usually, the fees are divided as a maximum of 0.4% maker and a maximum of 0.6% taker, based on your 30-day trailing volume. Here’s a quick explanation of maker and taker orders.
Maker orders: “Makers” create orders for other traders to take. They add liquidity to the market. These orders are not filled immediately.
Taker orders: “Takers” take orders created by makers. They remove liquidity from the market. These orders are made at market price and filled immediately.
Partial orders: Partial orders are when a portion of the order is filled immediately, while the rest is left on the books to be filled at a later time. If this happens, the first part is assessed on the “taker” side. The remainder will be filled as a “maker” order.
Once an order is placed, the fees are calculated based on the pricing tier to which you belong at the time of placing the order. You can check your tier by logging in to your Advanced Trade account. There are no subscription fees required to trade in Advanced Trade, and there are no spread fees on Advanced Trade.
Coinbase Pro Fees
Coinbase Pro is the preferred trading platform used to fulfill orders placed via Coinbase. It offers a secure platform for advanced crypto traders to buy, sell and trade digital assets online instantly across various trading pairs.
A Coinbase Pro account allows the users to track the crypto market, view trading history, monitor open orders, manage multiple portfolios and other advanced features, like a fully featured trading API.
Because both are owned by Coinbase, transfers between Coinbase and Coinbase Pro are instant and free. This is significant, because the fees assessed for the same actions are far lower on Coinbase Pro than they are on Coinbase.
The breakdown of these transactions follows maker/taker model, like Advanced Trade. Here’s an overview of the maker/taker fees on Coinbase Pro:
Taker Orders: Between 0.05% and 0.60%, based on trade volume
Maker Orders: Between 0.00% and 0.40%, based on trade volume
Phasing Out
Coinbase Pro is no longer available to new users — experienced crypto investors looking to shift to a more advanced form of trading on Coinbase will be redirected to Advanced Trade. However, Coinbase promises on its website that Advanced Trade offers the same volume-based fees as Coinbase Pro.
Trader Fees in Coinbase Pro
Keep in mind that with Coinbase Pro the fees are based on the amount of the transaction, so you actually pay less for trading more:
Tier
Taker Fee
Maker Fee
Less than $10K
0.60%
0.40%
$10K to $50K
0.40%
0.25%
$50K to $100K
0.25%
0.15%
$100K to $1M
0.20%
0.10%
$1M to $15M
0.18%
0.08%
$15M to $75M
0.16%
0.06%
$75M to $250M
0.12%
0.03%
$250M to $400M
0.08%
0.00%
$400M and up
0.05%
0.00%
How To Minimize Coinbase Fees
How do you avoid fees on Coinbase? Part of it is understanding the link between Coinbase and Coinbase Pro and Advanced Trade.
How To Use Coinbase Pro to Minimize Coinbase Fees
Now that you understand what Coinbase Pro is and how the fees work, its appeal for trading should be obvious. If you already have a Coinbase Pro account, you should still be able to use it, at least for now — here are the steps for transferring your funds from Coinbase to Coinbase Pro:
Use your Coinbase credentials to sign in to Coinbase Pro.
Select “deposit” under the wallet balance section.
Choose the type of currency you’d like to transfer.
Select the Coinbase.com option.
At this point, you’ll be able to see the balance available in your Coinbase wallet for the currency you’ve chosen. Again, transfers between the two platforms are free and instant, and there’s no limit on deposits for digital assets.
Trades conducted with Coinbase Pro aren’t as intuitive as they are on Coinbase. You’ll need to use exact amounts rather than trading the equivalent volume of USD — but the trade-off is that the fees are substantially lower.
The process for withdrawing your assets to Coinbase is identical, except you’ll select “withdraw” under the wallet balance section rather than “deposit.” If you need to regularly withdraw, you can request to increase limits via the limits page on your profile.
Using Advanced Trade to Minimize Coinbase Fees
Coinbase doesn’t publish many details about Advanced Trade fees, but it does claim that they are the same low fees as Coinbase Pro — so it’s safe to assume they’re also lower than the basic Coinbase platform fees.
An advantage of Advanced Trade over Coinbase Pro is the option to earn rewards. With Advanced Trade, you can earn up to 6% APY on several different cryptos, including ETH2, ALGO and more. This doesn’t directly affect fees, but it could help to offset them so you end up with more crypto overall.
Switching to Advanced Trade
If you have a Coinbase Pro account and want to switch to Advanced Trade, you can transfer your wallet easily. Log in to your Coinbase Pro account and follow these steps:
Click on the transfer funds banner.
Click “Transfer funds,” then “All portfolios.”
Choose Coinbase.com as the destination for your transfer.
Click “Withdraw.”
If you have any open orders, Coinbase Pro will prompt you to cancel them. If you choose not to cancel the orders, the rest of your funds will be transferred, but those involved in the orders will remain in Coinbase Pro, along with any pending deposits. Once the transactions are complete, you can transfer the remaining funds.
Are Coinbase Fees Worth It?
For those who have only a casual interest in cryptocurrency or those who are just learning about it, the price may be worth it in exchange for the convenience of trading in a fiat currency and using a highly intuitive interface.
It’s easy to minimize fees using the Coinbase network. It just takes a bit of know-how. For most beginning traders, the limits that are set on your Coinbase Pro account will be more than generous enough to allow for normal activity.
If you decide to become an active trader, the fees charged by Coinbase Pro or Advanced Trade will be justified, since they reduce with your trading volume.
Final Take
There are several ways to get involved in the crypto space, but centralized exchanges like Coinbase are an entry point for a lot of people because of their simplicity, ease of access and ability to trade the more popular coins, such as bitcoin and ethereum.
Despite the comparatively high fees, Coinbase is worth checking out because of its ease of use and security features. Moreover, you can always use Advanced Trade features to minimize your fees.
Branford Shaw and Amber Barkley contributed to the reporting for this article.
Information is accurate as of April 21, 2023, and is subject to change.
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
Our in-house research team and on-site financial experts work together to create content that’s accurate, impartial, and up to date. We fact-check every single statistic, quote and fact using trusted primary resources to make sure the information we provide is correct. You can learn more about GOBankingRates’ processes and standards in our editorial policy.
To lower your fees during your withdrawal, I recommend selecting a fast and low fee coin to do so. But please do be vigilant of taxes when trading coins to move them out of your Coinbase wallet. Keep in mind market fluctuations and consider holding your crypto for longer.
Coinbase is a US-based company and is subject to US Securities and Exchange Commission regulations, which are generally more stringent than those in other countries. This means that Coinbase has higher compliance costs, which are passed on to users in the form of higher fees .
Because congestion is determined by the number of transactions happening on the network at a given time, gas fees vary. Therefore, lower gas fees occur when the lower amount of transactions are happening on the specific network, while higher gas fees occur when the network is completing more transactions.
Coinbase charges a flat fee, which changes according to the size of your transaction — the fee is $0.99 for those $10 or lower, while it's $1.49 for those between $10 and $25, $1.99 for those between $25 and $50, and $2.99 for those between $50 and $200.
Coinbase charges a spread on cryptocurrency sales and purchases. While rates can vary depending on market fluctuations, the company has previously said the fee is about 0.5%. (This fee doesn't apply for orders placed with Advanced Trade.)
Yes, Coinbase reports to the IRS. It sends Forms 1099-MISC to the IRS for U.S. traders who made more than $600 in crypto rewards or staking. $600 is the Coinbase IRS reporting threshold for tax year 2022.
With Coinbase being an institutional platform, some alternatives to Coinbase in that regard are Bitstamp, Kraken, eToro, Gemini, and Binance. Kraken charges much lower fees than Coinbase and is more secure, hence much better than Coinbase.
Use DeFi Saver App. Paying gas fees is tricky because you won't know how much gas fees you are going to pay until making the transaction and paying for gas. ...
For example, if you add Apple Pay to your account and your card's transaction limit is $1,000, you can purchase up to $1,000 worth of crypto in a 24-hour period in addition to the limit on your Coinbase account.
The limits are determined by many factors, including verification. You can apply to increase your account limits. If you're eligible, you may need to complete verification steps to access your new account limits. Note: Making a purchase before applying is helpful but won't guarantee a limit increase approval.
Coinbase allows you to stake your assets in a third party if you use cryptocurrency. There can be rewards on this investment minus a hidden Coinbase fee of 25% commission.
The subscription service, available for a monthly fee of $29.99, is aimed at frequent traders seeking to execute trades on a wide range of assets without incurring transaction fees. Additionally, Coinbase One is designed to assist long-term investors in maximizing their engagement with the crypto economy.
Coinbase is a digital platform for trading and storing cryptocurrencies. It makes money via transaction fees, subscriptions, commissions earned on custodial funds, and interests earned on these. Coinbase tech platform is both a search and discovery engine for crypto assets.
While Coinbase is aimed at helping beginner investors make their first cryptocurrency purchase, Coinbase Pro is a professional-level trading platform aimed at active traders. The biggest difference between the two platforms is their user interface.
Coinbase.com stores your crypto for you after you buy it. You do not need a Coinbase.com account to use Coinbase Wallet. Coinbase Wallet is a self-custody wallet. The private keys (that represent ownership of the crypto) are stored directly on your device and not within a centralized exchange like Coinbase.com.
Robinhood is more beginner-focused and offers a wide range of asset classes, such as stocks and ETFs, while Coinbase offers a much larger number of tradable crypto assets and advanced crypto investment services, such as staking and crypto derivatives trading.
Self-employed taxpayers who earn less than $600 might not receive a Form 1099-MISC from their client, but they technically still need to report this income on their tax return, which places the burden of reporting on the taxpayer. Do I have to pay taxes on crypto? The short answer is yes.
Do you need to report taxes on crypto you don't sell? If you buy crypto, there's nothing to report until you sell. If you earned crypto through staking, a hard fork, an airdrop or via any method other than buying it, you'll likely need to report it, even if you haven't sold it.
Cryptocurrencies such as Bitcoin are treated as property by the IRS, and they are subject to capital gains and losses rules. This means that when you realize losses after trading, selling, or otherwise disposing of your crypto, your losses offset your capital gains and up to $3,000 of personal income.
Coinbase is not an FDIC-insured bank and cryptocurrency is not insured or guaranteed by or subject to the protections of the Federal Deposit Insurance Corporation (“FDIC”) or Securities Investor Protection Corporation (“SIPC”), and may lose value. In case of a covered security event, we will endeavor to make you whole.
Coinbase Pro: Fees. Coinbase Pro used to have much lower fees than Coinbase, but that's not the case anymore. The advanced trade tool on Coinbase has the same rates as Coinbase Pro -- ranging from 0% to 0.60% per order.
Use Robinhood or Trade Bitcoin Stocks to Trade Crypto Commission-free: You can essentially still trade crypto without commission by using Robinhood to trade crypto or by trading Grayscale trusts (like GBTC) or Bitcoin ETFs (like BITO) with some brokers (some brokers charge fees, others don't; check with your's).
Is Bitcoin safe? Bitcoin is the most recognized cryptocurrency, so it's generally viewed as one of the safer investments within the crypto world. As with all cryptocurrencies, however, Bitcoin's price can change dramatically within a short time period.
Selling or trading assets: When you sell, trade, or dispose of crypto, this typically triggers a taxable event. Expenses related to these transactions, such as crypto gas or exchange fees, can be deducted from the proceeds. By doing so, you are able to reduce your taxable gains and optimize your tax situation.
Because fewer people work on weekends,historically,gas fees are lower on Saturdays and Sundays. You will save money on Ethereum gas fees if you try to avoid their work hours.
If you are unable to sell or withdraw from Coinbase, it could be due to one of a few reasons: There are restrictions in your region. You are a new account holder. You haven't completed the verification.
You can still buy, sell, and trade within Coinbase. However, you'll need to wait until any existing Coinbase account holds or restrictions have expired before you can cash out with your bank account. Withdrawal-based limit holds typically expire at 4 pm PST on the date listed.
You can see your weekly bank transfer limit by going to your Limits page. Withdrawals of both cryptocurrency and fiat currency are limited. Coinbase Exchange account holders have a default withdrawal limit of $100,000 per day. This amount applies across all currencies.
Coinbase account limits are determined by an algorithm which takes a variety of factors into account, including but not limited to, account age, location, transaction history, payment method, and verification steps completed. Unfortunately this means that limits can sometimes go down for customers.
Purchase and deposit limits will be different depending on your region and payment method type. For US customers, if you're looking to deposit more than the maximum $25,000 a day ACH limit, one option is to complete a wire transfer from your bank account to your Coinbase account.
One of the most significant factors is the difference in price between the two cryptocurrencies at the time of conversion. Crypto exchanges charge a fee for converting cryptocurrencies, which can also contribute to a loss. These fees can be flat fees or a percentage of the transaction amount.
Every single cryptocurrency asset is traded using Coinbase against the current USD market. There is a lot of liquidity and competitive spreads here. The most expensive day-trading crypto website on our list is Coinbase, which costs 1.49% for each slide.
You are seeing a charge on your statement because someone connected your bank account on our website and used it to purchase bitcoin (a digital currency). If you don't recognize this charge, it's possible that someone has connected your bank account without your permission.
Coinbase Wallet allows you to create up to 15 "sub-wallets" linked to one recovery phrase on your Ethereum and Solana wallet. Each sub-wallet gives you a unique Ethereum and Solana address for you to send funds to that wallet.
If you cannot complete the ID verification process, you will have to wait 72 hours for the send to initiate. Please contact us if you ever see any suspicious activity on your account.
If you want to buy Bitcoin with a debit card, you will receive your Bitcoin instantly, but there's a buying fee associated with it. But if you are willing to wait for the transfer, use your bank account to avoid the associated fees. Coinbase offers ACH transfer, free wire transfers and bank account transfers.
Coinbase is a US-based company and is subject to US Securities and Exchange Commission regulations, which are generally more stringent than those in other countries. This means that Coinbase has higher compliance costs, which are passed on to users in the form of higher fees .
Coinbase charges fees when you buy, sell, or convert cryptocurrencies. Fees are calculated at the time you place your order and may be determined by a combination of factors, like your selected payment method, the size of the order, and/or jurisdictional location.
In conclusion, cryptocurrency fees can add up quickly, and the cost of any given crypto transaction can change regularly and on short notice. To minimize these fees, investors should consider using an exchange with commission-free trading, buying cryptocurrency with coins, and watching transaction amounts.
Coinbase Pro: Fees. Coinbase Pro used to have much lower fees than Coinbase, but that's not the case anymore. The advanced trade tool on Coinbase has the same rates as Coinbase Pro -- ranging from 0% to 0.60% per order.
Yes, cryptocurrency losses can be used to offset taxes on gains from the sale of any capital asset, including stocks, real estate and even other cryptocurrency sold at a profit.
Because most Bitcoin blocks are only 1MB-1.5MB, each block processes a limited number of transactions, leading to long waiting periods and, sometimes, higher fees.
The IRS generally treats gains on cryptocurrency the same way it treats any kind of capital gain. That is, you'll pay ordinary tax rates on short-term capital gains (up to 37 percent in 2023, depending on your income) for assets held less than a year.
If you are unable to sell or withdraw from Coinbase, it could be due to one of a few reasons: There are restrictions in your region. You are a new account holder. You haven't completed the verification.
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