Re:Coinbase Announces Listing Date of Its Stock on the Nasdaq
by Black101 on Thursday April 01, 2021 @06:27PM
(#26667025)
The maximum that you can get charged at Coinbase is 1% for a buy & sell transaction pair (0.5% each way), if you don't trade much... so half of webull : https://i.imgur.com/IohYn4o.png
But it goes down quickly. It gets cut in half if you trade $50k/month and goes to down to 0% if you trade a lot.
Re:Coinbase Announces Listing Date of Its Stock on the Nasdaq
by superfrank on Thursday April 01, 2021 @07:16PM
(#26667493)
That's not including the credit and debit card fees though, right?
It's been a while since I've used Coinbase, but I feel if you want to just buy a small amount of crypto, the total fees can be up to like 10%.
Fair, but I feel like most people I know aren't using crypto as a currency right now. They're more interested in holding or speculating on the price, so transferring to another wallet is a non-issue.
> Also, they claim no fees, but they add the fee to the spread (the spread is artificially increased to 1% both ways (2% total))
I'm not up to date on Coinbase's latest fee structure, but I think 2% still may be less than, or at least comparable, to what they are charging. Even if it isn't, the illusion of no fees will attract a certain amount of people.
> especially if you trade a substantial amount each month
Do people trade a lot using Coinbase (serious question)? I was under the impression that there were better platforms out there more suited to day/swing trading crypto.