[2015-12-08] Trade More Bitcoin, Pay Less Fee: Coinbase

hendra147

hero member

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Quote from: 1Referee on December 08, 2015, 05:04:22 AM

Well, better late than never. Isn't it? Every professional exchange must charge fees based on their actual trading volume during a monthly period. All other exchanges who still handle the old fashion fixed fee structure will come through as well with this as solution.

agree with you
the highest volume in chinese should make exchanger think again about trading fee

huobi now open usd market too and yuan market at chinese give 0% fee , im trade at Huobi too because we can use leverage to get more profit

1Referee

legendary

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Well, better late than never. Isn't it? Every professional exchange must charge fees based on their actual trading volume during a monthly period. All other exchanges who still handle the old fashion fixed fee structure will come through as well with this as solution.

Yanidas

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The swarm is headed towards us.

The fee system is great for traders. If I just want to buy some bitcoin and do not trade frequently, I will end up paying more fees.

hendra147

hero member

Activity: 644

Merit: 509

San Francisco-based bitcoin exchange Coinbase has announced a volume-based rebate system for trades put on the Coinbase Exchange. The offering which will come into effect from next week was announced today via the official blog-post.

The Company will continue to implement the maker-taker fee structure on the trades, but the traders will receive daily rebate benefits on trading more bitcoin on the bitcoin exchange. A trader’s 30-day bitcoin exchange volume relative to the total exchange volume will determine the amount of the daily rebate.

Suppose that 100BTC were traded on the bitcoin exchange over the last 30 days, and you traded 5BTC during the same period, then you have accounted for 5% of the total volume. Based on this, Coinbase will calculate the (reduced) taker’s fee. Coinbase used to charge a 0.25% taker’s fee on each trade during the day.

The rebate will be credited to the account each day at 12:00am UTC.

Take a look at the image below for a detailed breakdown of the fee structure.

http://www.newsbtc.com/2015/12/08/trade-more-bitcoin-pay-less-fee-coinbase/

Topic: [2015-12-08] Trade More Bitcoin, Pay Less Fee: Coinbase (Read 433 times)