What are the fees for trading cryptocurrencies on Coinbase Pro?
Hamrick BellDec 18, 2021 · 3 years ago1 answers
Can you provide me with detailed information about the fees associated with trading cryptocurrencies on Coinbase Pro? I would like to know the different types of fees, how they are calculated, and if there are any additional charges that I should be aware of.
1 answers
- Dec 18, 2021 · 3 years agoWhen it comes to trading cryptocurrencies on Coinbase Pro, the fees are divided into two categories: maker fees and taker fees. The maker fee is charged when you add liquidity to the order book by placing a limit order that isn't immediately matched with an existing order. On the other hand, the taker fee is charged when you remove liquidity from the order book by placing an order that is immediately matched with an existing order. The fee rates depend on your trading volume and can range from 0.04% to 0.50% for both maker and taker fees. It's important to note that higher trading volumes can lead to lower fees. Apart from the trading fees, Coinbase Pro may also charge fees for depositing or withdrawing cryptocurrencies from your account. These fees vary depending on the specific cryptocurrency and network conditions. To get the most accurate and up-to-date fee information, it's recommended to visit Coinbase Pro's official website. I hope this explanation helps! If you have any more questions, feel free to ask.
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