Cryptocurrency Q&A
How does Coinbase fee structure work?
How does Coinbase fee structure work?
WhisperWindLight
Wed Jul 17 2024
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8 answers
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Could you elaborate on how Coinbase's fee structure operates for its users? I'm particularly interested in understanding the different types of fees charged, when they are applied, and if there are any strategies or ways to minimize them. I've noticed that fees can vary significantly depending on the type of transaction and the user's account status. Additionally, are there any hidden costs or additional fees that users should be aware of? Clarifying this information would help me better manage my cryptocurrency transactions and overall costs on Coinbase.
8 answers
TaegeukChampionCourageousHeart
Fri Jul 19 2024
In this model, the distinction is made between two types of orders: makers and takers.
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Martina
Fri Jul 19 2024
Maker orders are those that add liquidity to the market, meaning they are not immediately matched with an existing order.
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KDramaLegendaryStarlight
Fri Jul 19 2024
Since they contribute to the overall liquidity of the exchange, maker orders incur lower fees, known as maker fees.
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Lucia
Fri Jul 19 2024
Coinbase Pro and its advanced trading platform employ a fee structure that is tailored to the user's 30-day trading volume.
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Daniela
Fri Jul 19 2024
This fee system incorporates a maker-taker model, a common pricing mechanism in financial markets.
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