What are the fees associated with buying and selling cryptocurrencies on Coinbase in Canada?
Hvass ByskovJan 08, 2022 · 3 years ago1 answers
Can you provide a detailed explanation of the fees involved when buying and selling cryptocurrencies on Coinbase in Canada? I would like to understand the costs associated with trading digital assets on this platform.
1 answers
- Jan 08, 2022 · 3 years agoWhen it comes to fees for buying and selling cryptocurrencies on Coinbase in Canada, it's important to consider a few factors. Coinbase charges a spread of around 0.50% for each transaction, which means that the buy and sell prices may not exactly match the market price. Additionally, Coinbase applies a fee based on the transaction amount. For transactions below $10, the fee is $0.99, and for transactions between $10 and $25, the fee is $1.49. The fee increases as the transaction amount increases. It's worth noting that fees may vary depending on the payment method used. Overall, Coinbase provides a straightforward fee structure that allows users to easily understand the costs involved in trading cryptocurrencies.
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