In the way of example, consider buying Bitcoin on the Coinbase platform using a debit card or credit card. To understand why bank transfers are cheaper, let’s analyze the two. Fortunately, the trading fees on Coinbase Pro are way lower than those on Coinbase. You will only incur trading costs when you trade the cryptocurrency. However, if you transfer them to Coinbase Pro, the price will be zero. Buying or withdrawing your funds on the Coinbase platform charges a network fee. It would be wise to transfer your coins on Coinbase to Coinbase Pro if you want to transact them. You instantly lowered the transaction fee from 1.49% to 0.50%. If you have an account with Coinbase, you can also log in to Coinbase Pro. The same transaction will cost you 1.49% in fees for a Coinbase bank transfer or even 3.99% for a debit card transfer in the USA. The 0.5% percentage is standard regardless of whether you are a taker or a maker. For instance, if you are depositing up to $10,000, the transaction fee is only 0.5%. A comparison between Coinbase fees and Coinbase Pro fees, exposes an apparent difference in the pricing. Unlike Coinbase, Coinbase Pro uses the maker-taker fee tariff to determine the monthly trading fees. You can see the normal Coinbase application as a broker and Coinbase Pro as an exchange. It is the upgraded version of Coinbase, which is suitable for the professional digital asset traders. The Coinbase Pro application presents a more excellent opportunity for saving on your transaction fees. However, there are several tips to avoid these high Coinbase transaction fees. Coinbase is asking a high fee for this service, which most beginning users don’t know. The Coinbase platform is targeting inexperienced users to easily buy and sell cryptocurrency with an user-friendly interface. It offers services ranging from the trading of cryptocurrency (buying and selling), currency conversion to currency storage. Coinbase is a popular exchange in the crypto industry.
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