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Coinbase fee's

  • 14-01-2020 9:10pm
    #1
    E46Dream
    Registered Users Posts: 178 ✭✭


    Hey guys, looking for a bit of advice on coinbase and the fees they're charging for buying and selling coin.

    I'm finding it very difficult to make profit on an investment as the fees for buying and selling are making it tough. Is it the fact that my investment was too small and a bigger one would work out better? Or is it just luck that stock haven't risen enough?

    Might be a silly question but I'm relatively new to this so I'm hoping for some advice from the more experienced ones who have made profit on it. Thanks


Comments

  • #2
    august12
    Registered Users Posts: 1,275 ✭✭✭august12


    E46Dream wrote: »
    Hey guys, looking for a bit of advice on coinbase and the fees they're charging for buying and selling coin.

    I'm finding it very difficult to make profit on an investment as the fees for buying and selling are making it tough. Is it the fact that my investment was too small and a bigger one would work out better? Or is it just luck that stock haven't risen enough?

    Might be a silly question but I'm relatively new to this so I'm hoping for some advice from the more experienced ones who have made profit on it. Thanks
    Are you trading on coinbase or coinbase pro, the pro version has better trading rates using limit orders, trading was free up to about 12 months ago, now they charge a fee, not sure how much but much less than coinbase , same login for both.


  • #3
    E46Dream
    Registered Users Posts: 178 ✭✭E46Dream


    august12 wrote: »
    Are you trading on coinbase or coinbase pro, the pro version has better trading rates using limit orders, trading was free up to about 12 months ago, now they charge a fee, not sure how much but much less than coinbase , same login for both.

    Ah I was using the original app just downloaded the coinbase pro app and logged in, seems a little more complicated but that's probably for the better.


  • #4
    Lex Luthor
    Registered Users Posts: 11,220 ✭✭✭✭Lex Luthor


    Are they fixed fees or % based?


  • #5
    august12
    Registered Users Posts: 1,275 ✭✭✭august12


    Lex Luthor wrote: »
    Are they fixed fees or % based?
    Last time I traded which is over a year, it was a fixed fee I think, not sure what the structure is, it's on the site as far as I know if you check under the account tab.


  • #6
    SauNewb
    Registered Users Posts: 23 ✭SauNewb


    Join Binance.
    I have used it for a while now and it is great in terms of cost.
    Looks secure as well.


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  • #7
    CelticRambler
    Registered Users Posts: 6,683 ✭✭✭CelticRambler


    Lex Luthor wrote: »
    Are they fixed fees or % based?

    Coinbase pro fees are %-based, 0.5% at the entry-level (up to $10k of trades in a rolling 30-day period)


  • #8
    BKtje
    Registered Users Posts: 8,027 ✭✭✭BKtje


    https://support.pro.coinbase.com/customer/en/portal/articles/2945310-what-are-the-fees-on-coinbase-pro-

    Above gives the full list of fees.


  • #9
    Grumpypants
    Registered Users Posts: 7,738 ✭✭✭Grumpypants


    Coinbase charge a fee as well as charging a higher price for the bitcoin.

    Move it to pro and it is much cheaper. You do pay a fee but it is much lower.


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