What Is the Fee for Coinbase Pro?

Whether or not you want to buy Coinbase stock, the notion of using the network to invest in bitcoin may appeal to you.

However, if you use Coinbase without delving deeper, you’ll be charged fees that can build up over time.

Trying to figure out what Coinbase fees are, let alone avoiding them, can be challenging.

In this article, I’ll explain what the Coinbase Pro fee is and how taker fees are computed. I will also show you how to avoid paying the Coinbase fee.

What Is the Fee for Coinbase Pro?

The Trading Fee

Coinbase Pro’s trading fees are calculated using a maker-taker fee mechanism. Fees are charged differently for orders that supply liquidity (maker orders) and orders that take liquidity (taker orders) (taker orders).

Fees are computed depending on the latest pricing tier you’re in when you place the order, not the tier you’ll be in once the trade is performed.

Depending on your total transaction volume, your charge tier is updated hourly.

You have termed a taker if you place an order at the market price that is instantly filled and pay a fee of 0.06 percent to 0.70 percent.

When you place an order that isn’t immediately paired by another order, it goes into the order book.

If another client submits an order that is identical to yours, you are regarded as the maker and will be charged a fee ranging from 0.00 percent to 0.50 percent.

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You pay a taker fee for the piece of your order that is partially matched right away. The rest of the order is posted on the order book and is deemed a maker order when it is matched.

For the remaining percentage of the entire order, you pay a maker fee. Please keep in mind that updating the pricing levels can take some time.

We recommend that you check your fee tier before trading in the future to ensure that you are in the most recent price tier.

How Are Taker Fees Calculated?

The overall USD trading volume during the preceding thirty-day period determines your charge tier.

The volume for trading Stable Pairs is not included in the total volume.

Each filled order is counted as the total USD amount of all transactions done on books quoted in USD, such as BTC-USD.

Transactions on non-USD books are exchanged to USD using the latest fill price on the book in question.

For example, the USD volume of a buy of 1 ETH on the ETH-BTC book will be converted instantaneously depending on the ETH-USD book’s latest fill price.

Miner Fees

Coinbase Pro will charge a fee premised on our projection of the network transaction costs we expect to pay for each transaction to provide a smooth experience for our customers and appropriate transactional times.

The charge that Coinbase Pro pays may vary from the projection in some cases. All fees will be revealed to you at the time of the transaction.

Account Fees

There are no fees associated with creating or maintaining a Coinbase Pro account. In addition, there are no fees for keeping funds in your Coinbase Pro account, and you can keep resources for as long as you like.

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Conclusion

To summarize, the following are the key takeaways you should be aware of regarding the Coinbase pro-fee:

  • The trading fee
  • How are taker fees determined
  • Fees for miners
  • Fees for accounts

I have engaged with Coinbase and learned how financially friendly it is; having more information on the subject can assist you and your family, growing financially and reducing your need for governmental financial institutions or banks.