Coinbase Fees. Coinbase is one of the leading exchanges in the United Kingdom and the United States because of the ability to buy digital currency with fiat. Most People don’t only purchase crypto from coinbase but also use the platform to store their digital currency. Thus, the platform has big withdrawal fees.
Coinbase is a cryptocurrency broker headquartered in San Francisco, California. It makes exchanges of bitcoin Ethereum, Litecoin, and other digital assets with fiat currencies in up 32 countries, and bitcoin transactions and storage in over 190 countries. Thus coin base is one of the best place to buy crypto if you are new to crypto or you want to buy it store it for a long period of time.
The platform is beginners friendly, provides instant verification, integrated wallet, mobile app, affiliate program, two-factor authentication, cold storage and many more to give you a wonderful experience.
Best way to Avoid Coinbase Fees
Read to the end to learn how to avoid coinbase withdrawal, transfer and trading fees.
Coinbase withdrawal fees
This platform withdrawal fees can be very high, so for you to avoid being charged to network fee this is what to do.
Go For Coinbase Pro – the coinbase Pro is a platform created for professionals to trade digital currency. Sending your funds from coinbase to coinbasePro is free and instant. Coinbase Pro offers free withdrawal fees for digital assets, thus, you can send your digital currency to a wallet without paying for any Internet transfer fee. With this service, you can purchase the cryptocurrency you want and with their maker-taker model, users can purchase with a limit order without any trading fee.
Coinbase Trading Fees
This trading platform has the largest trading fees compared to all other exchanges. Not minding that it charges for all trade, it also charges for transactions and this transaction fee depends on the size of your order. So if you buy more you pay more, if you buy less you pay less.
However, for you to reduce the trading fee, you need to obtain VIP status by increasing your trade volume monthly.
Make your withdrawal in another currency – for you to reduce the transfer fee charge, you have to exchange bitcoin to another digital currency. When you do this you will find out that these currencies have a cheap transfer fee and you can exchange it back to bitcoin after transferring it on the receiving exchange.
Make use of other exchange– you can use another crypto exchange platform such as the Pit or Binance. Thus, if the coinbase fees are too expensive for you. This order exchange platform provides a competition withdraw rates and more crypto options.