Coinbase: Understanding Fees and Services
Free Cash and Hosted Cryptocurrency Balance Service
Coinbase provides a free service for storing cash and hosted cryptocurrency balances. This feature allows users to keep their cryptocurrencies securely with minimal charges.
Fees Related to Cryptocurrency Transactions
While Coinbase offers a free balance service, it may charge fees for certain cryptocurrency transactions. These fees are incurred to cover expenses such as miner fees and network transaction costs.
Trading Fees
Coinbase charges fees when users buy, sell, or convert cryptocurrencies. These fees vary depending on the size of the transaction. Coinbase's trading fees start at 0.99% for smaller transactions.
Network Fees
Coinbase charges network fees when users withdraw currency. The amount of the fee varies based on the current traffic on the network.
Subscription Service (Coinbase One)
Coinbase offers a subscription service called Coinbase One. This service provides users with reduced trading fees in exchange for a monthly fee.
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