Coinbase fees explained
I have been slowly buying into cryptocurrencies and have always been using Coinbase. They used to charge a flat 1.5% fee, which I was willing to accept because I believe the company to be secure. Recently, the crypto market has become very active and I have been trying to buy coins on the dips. I have noticed that Coinbase has started charging new fees despite the website showing the same old information. Here are my observations for a quick reference that others can use.
These transactions apply to an ACH transfer from my bank, to Coinbase, for the coins that they offer. The process takes about 5 days.
Purchase USD amount--base fee applied.
$0.01-10------ $0.99 Fee ---Maximum buy fee: 9.9% (minimum purchase is $10)
$10.01-25 -----$1.49 Fee --Minimum buy fee: 14.88% Maximum buy fee: 5.96%
$25.01-50 -----$1.99 Fee --Minimum buy fee: 7.95% Maximum buy fee: 3.98%
$50.01-200----$2.99 Fee --Minimum buy fee: 5.97% Maximum buy fee: 1.49%
$200.01+ ------ Flat 1.49% fee
As you can see it makes the most sense to buy at the top of each bracket to pay the minimum of each fee. Please take this into consideration during your next purchase to avoid getting stung! Thank you for reading, and please like this post if you found it helpful.
was already following but upvoted, nice post
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