Coinbase is considered to be a platform big enough to carry out the cryptocurrency exchange on its domain name. Through coinbase the traders from all over the world can buy and sell cryptocurrencies plus can also trade and exchange them at the same time. Though the usage of this platform is on global level the ultimate and undeficit benefits of the site can be relished by people only from the below mentioned regions:
If the trader is native to any of these countries then having a detailed knowledge about coinbase fees and pricing would be of great help to them.
Usage fees and currencies supported
Though usage of the coinbase is free a transaction cost is incurred as coinbase fees for carrying out the process of buying, selling and trading the currencies. The fee is different for the people of different countries. The currencies supported by the coinbase platforms are
How is the coinbase fee calculated
The coinbase fees is not a pretext calculated fee. This fee is calculated on the basis of the origin of the transaction and the amount of currency being traded. A total fee of 0.50% is charged. Plus the fee charge is the higher one of the flat fee which has been incurred determined by the method of payment and country of transaction.
Depending on your country and payment method, Coinbase fees for buying and selling cryptocurrency may differ. Coinbase charges a spread of 0.50% for crypto purchases and sales. On top of that, it charges a Coinbase fee, which is the higher of a fixed flat fee or a variable percentage fee that is determined by your country and chosen payment method. Let’s take a look at the flat fee:
- If total transaction amount <= $10, the fee is $0.99.
- If total transaction amount >$10 and <= $25, the fee is $1.49.
- If total transaction amount >$25 and <= $50, the fee is $1.99.
- If total transaction amount >$50 and <= $200, the fee is $2.99.
Below are the supported countries and their Coinbase fees according to the available payment methods: