Coinbase Charges

[Knowledge Quest]

Why does Coinbase charge alot when performing transactions compared to Binance or other crypto platform? These charges sometimes can be higher than the actual amount to be transferred

 

[riberet19]

Do you mean when you withdraw money from the platform? Yes, I do not know why this is although honestly it is not in all networks, but in some they have a lot of commissions, I prefer Kraken.

 

[Suba]

I use Coinbase only to store crypto as well as to swap to other crypto, so far I have never withdrawn crypto from Coinbase to another wallet, but as far as I know Coinbase will charge a fee for both maker and taker of around 0.5%, while swaps and withdrawals will be charged a fee around 1% plus the blockchain fee which is always different.

 

[uptrendfinancialsignal]

I use Coinbase only to store crypto as well as to swap to other crypto, so far I have never withdrawn crypto from Coinbase to another wallet, but as far as I know Coinbase will charge a fee for both maker and taker of around 0.5%, while swaps and withdrawals will be charged a fee around 1% plus the blockchain fee which is always different.

It is a reputable cryptocurrency exchange that each and every individuals would love to choose.

 

[riberet19]

I use Coinbase only to store crypto as well as to swap to other crypto, so far I have never withdrawn crypto from Coinbase to another wallet, but as far as I know Coinbase will charge a fee for both maker and taker of around 0.5%, while swaps and withdrawals will be charged a fee around 1% plus the blockchain fee which is always different.

You also have to add when withdrawing the network commission of the blockchain in question, but well this is something that all exchanges and wallets have, since there is no transaction without commission, on the other hand there are many more expensive exchanges like Kucoin from my point of view.

 

[Suba]

It is a reputable cryptocurrency exchange that each and every individuals would love to choose.

You are right, Coinbase is one of the most trusted, reputable and safe custodial wallets founded around 2012, Coinbase also often provides rewards from Bitcoin hardforks and you will get the same amount as the BTC you have, Coinbase is also very safe for crypto staking.