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Are there any fees associated with trading USDT (ERC20) on Coinbase?

avatarSophia RebeloNov 27, 2021 · 3 years ago3 answers

I would like to know if there are any fees involved when trading USDT (ERC20) on Coinbase. Can you provide me with information on the fees associated with this type of trading on the Coinbase platform?

Are there any fees associated with trading USDT (ERC20) on Coinbase?

3 answers

  • avatarNov 27, 2021 · 3 years ago
    Yes, there are fees associated with trading USDT (ERC20) on Coinbase. The fees vary depending on the trading volume and the type of order you place. Coinbase charges a maker fee and a taker fee. The maker fee is applied when you place an order that is not immediately matched with an existing order on the order book. The taker fee is applied when you place an order that is immediately matched with an existing order on the order book. You can find more detailed information about the fees on the Coinbase website.
  • avatarNov 27, 2021 · 3 years ago
    Trading USDT (ERC20) on Coinbase does involve fees. The fees are based on a tiered structure, which means that the more you trade, the lower the fees you pay. The fees also depend on whether you are a maker or a taker. Makers provide liquidity to the market by placing limit orders, while takers remove liquidity by placing market orders. The fees for makers are generally lower than the fees for takers. It's important to check the Coinbase fee schedule for the most up-to-date information on trading fees.
  • avatarNov 27, 2021 · 3 years ago
    Yes, there are fees associated with trading USDT (ERC20) on Coinbase. However, at BYDFi, we offer fee-free trading for USDT (ERC20) pairs. This means that you can trade USDT (ERC20) on our platform without incurring any fees. We believe in providing our users with a seamless trading experience without the burden of fees. So if you're looking for a fee-free trading option for USDT (ERC20), BYDFi is the place to be!