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Are there any fees associated with placing a limit order on Coinbase?

avatarKring ThorntonDec 17, 2021 · 3 years ago3 answers

Can you tell me if there are any fees that I need to pay when placing a limit order on Coinbase? I want to understand the costs involved before I start trading.

Are there any fees associated with placing a limit order on Coinbase?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Yes, there are fees associated with placing a limit order on Coinbase. When you place a limit order, you will be charged a maker fee or a taker fee, depending on your trading activity. The maker fee is applied when you add liquidity to the order book by placing a limit order that is not immediately matched with an existing order. The taker fee is applied when you remove liquidity from the order book by placing a limit order that is immediately matched with an existing order. The fee structure varies based on your trading volume, with lower fees for higher trading volumes. You can find the detailed fee schedule on Coinbase's website.
  • avatarDec 17, 2021 · 3 years ago
    Absolutely! Coinbase charges fees for limit orders. The fees are based on whether you are a maker or a taker. If you place a limit order that adds liquidity to the market, you are considered a maker and will be charged a lower fee. On the other hand, if you place a limit order that removes liquidity from the market, you are considered a taker and will be charged a slightly higher fee. The fee structure is tiered, meaning that the more you trade, the lower your fees will be. You can find the complete fee schedule on Coinbase's official website.
  • avatarDec 17, 2021 · 3 years ago
    Yes, there are fees associated with placing a limit order on Coinbase. Coinbase charges a maker fee for adding liquidity to the order book and a taker fee for removing liquidity. The fee structure is based on your trading volume, with lower fees for higher volumes. It's important to note that the fee structure may vary depending on your location and the specific cryptocurrency you are trading. For more information, you can visit Coinbase's website or contact their customer support for assistance.