common-close-0
BYDFi
Trade wherever you are!

What are the fees associated with dollar-cost averaging on Coinbase?

avatarRaisa JannatDec 16, 2021 · 3 years ago1 answers

Can you explain the fees involved in dollar-cost averaging on Coinbase? I'm interested in knowing how much it costs to regularly invest in cryptocurrencies through this strategy.

What are the fees associated with dollar-cost averaging on Coinbase?

1 answers

  • avatarDec 16, 2021 · 3 years ago
    When it comes to dollar-cost averaging on Coinbase, the fees can have an impact on your investment returns. Coinbase charges a spread fee, which is the difference between the buy and sell price of a cryptocurrency. This fee is typically around 0.50%. In addition to the spread fee, Coinbase also charges a transaction fee, which can range from 1.49% to 3.99% depending on the payment method. It's important to factor in these fees when deciding whether dollar-cost averaging on Coinbase is the right strategy for you. Remember, fees can vary over time, so it's always a good idea to check Coinbase's website for the most accurate and up-to-date information.