Coinbase is without doubt the largest and most trusted digital asset exchange around the world. They recently completed a public listing on the United States Stock Exchange, making them the most regulated and safest cryptocurrency exchange.
Their platform offers many different products which include an instant buy exchange, a more advanced exchange called Coinbase Pro and a crypto lending platform that enables users to earn interest on their assets.
Coinbase's fees for a buy and sell is 0.5% per trade, but can be as high as 4% when purchasing crypto with a Debit Card or Credit Card. So it is important to know what way to trade with Coinbase so you can save as much money as possible on fees.
Despite many users thinking Coinbase is expensive, it is actually a very cheap exchange if you know how to use it properly. As mentioned earlier, Coinbase's fees per transaction when you deposit funds via a Bank Transfer are a mere 0.5% per trade.
To avoid fees on Coinbase, it is recommended that you do not buy with a Credit Card or Debit Card, but via a Bank Transfer. Banks like Wells Fargo and Bank of America enable clients to deposit US Dollars to Coinbase for low fee trading.
Coinbase also offers an advanced trading platform called Coinbase Pro. The fees on Coinbase Pro are significantly cheaper than the retail Coinbase App and go as low as 0% depending on your trading volume.
When comparing Binance fees vs Coinbase, Binance is the cheaper option with fees starting at 0.1% for traders in the United States.
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