Topic: Anyone think the fees are too high on Coinbase Pro? (Read 150 times)
Coinbase fees are way too high.
Coinbase Pro has been hiking their fees which is making it difficult for retail investors to implement successful trading strategies which frequently execute orders.
Do you think the Coinbase Pro fees are too high? I wrote an article on the topic, but I would love to hear what you think.
Do you think the Coinbase Pro fees are too high? I wrote an article on the topic, but I would love to hear what you think.
it's still fine for swing trading. when you're trying to ride 20% or 50% moves, then fees being 0.25% or 0.35% higher than before isn't a big deal.
i could see it hurting scalpers a lot though. when a bull market rears its head again and i go back to day trading, i probably won't be at coinbase. i've been looking at kraken as an alternative.
Coinbase has always had a high fee, but their users have in the past been held almost at ransom with very few other places as trusted alternatives. And as much as I feel it's ridiculous, but the guys I do know using Coinbase use it because of that trust (and esp now Coinbase is not just for US, people feel like it's a brand they can rely on).
Not sure where you're using it from but I really recommend Bitpanda for the same security and reliability (without orderbooks), but at a far better price that's more transparent (WYSIWYG!).
Not sure where you're using it from but I really recommend Bitpanda for the same security and reliability (without orderbooks), but at a far better price that's more transparent (WYSIWYG!).
0.5% for transactions below $ 10,000 is a high fee when compared to other exchanges. Coinbase pro is a good exchange but it is not suitable for traders who trade with high frequency.
Your quote is literally self contradictory.
The whole idea of coinbase pro is probably to encourage professional traders to trade with high volume, and based on that they'll get discounts on trading fees. But I think that their execution is way off, because discouraging small time traders to trade on their platform altogether is NOT the way to go.
You want all traders, big or small, especially when you consider the f act that big traders will likely want to try out your platform at first with a small chunk of change as opposed to using your platform full time. What kind of image would it create if they see a 0.5% fee? Besides, the fee structure doesn't even get that much better compared to their competitors for even high 5-digit and low 6-digit trading volumes. It's only for the 0.1% elite that it's even worthwhile to use coinbase pro.
The fees are too high so I do not use Coinbase anymore.
I agree that Coinbase Pro's fees are quite high, 0.5% for each transaction with value less than 10k is a huge fee for any trader. Doing a little calculation, if we place 20 orders a day, we lose ~ 10% of our accounts, which is a crazy fee.
I am trying to withdraw my account at Coinbase Pro and focus on Binance, with Binance I bear a much more pleasant fee.
I am trying to withdraw my account at Coinbase Pro and focus on Binance, with Binance I bear a much more pleasant fee.
Well, fees are okay in my opinion. If you want to buy some crypto with lower fees you can also check Kraken or CoinDeal, but only the second one has its app (here). Don't expect lower fees, safe trading costs a little bit and that's normal.
0.5% per transaction when the value is less than 10k? That's crazy. In my opinion, even 0.2%-0.3% fee per transaction is still very high, most of the exchanges I use are actually taking 0.1% from the lowest tier. If you are someone who is transferring a considerable amount of money, then your fee drops all the way down to 0.01%. 0.5% is crazy.
0.5% for transactions below $ 10,000 is a high fee when compared to other exchanges. Coinbase pro is a good exchange but it is not suitable for traders who trade with high frequency.
The fee is quite high especially when you consider the fact that you could get close to a similar and quality service elsewhere with just a third of the fees but this seems to be the last of the top Cryptocurrency exchanges that still supports US traders in their main exchange and not an exclusive branch of it like Binance and Huobi are doing with the Binance.us and Huobi.us websites
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But additionally Coinbase has proven that they are worth the fees with their history of quality service and security, although they should consider reducing this huge fees unless they want their competition to collect all their traders.
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But additionally Coinbase has proven that they are worth the fees with their history of quality service and security, although they should consider reducing this huge fees unless they want their competition to collect all their traders.
I love the exchange for how reputable and relatively simple but effective it is, but I do agree that the fees on Coinbase Pro are getting to be a bit high even though they're calling it a 'slight increase'. Seems like they're trying to reduce the number of people trading on the site as a whole now and reduce their userbase mostly to larger traders, though there are plenty of alternatives out there with lower fees that are still similarly reputable like Binance.us or Kraken for those in the Americas, which I imagine is a relatively large amount of the userbase of Coinbase Pro.
Pretty sure Binance.us users even get zero fees for thirty days after verification too, and their normal fee structure's still pretty decent too.
Pretty sure Binance.us users even get zero fees for thirty days after verification too, and their normal fee structure's still pretty decent too.
Hi Everyone!
Coinbase Pro has been hiking their fees which is making it difficult for retail investors to implement successful trading strategies which frequently execute orders.
Do you think the Coinbase Pro fees are too high? I wrote an article on the topic, but I would love to hear what you think.
Coinbase Pro exchange review
Looking forward to chatting with everyone here!
Coinbase Pro has been hiking their fees which is making it difficult for retail investors to implement successful trading strategies which frequently execute orders.
Do you think the Coinbase Pro fees are too high? I wrote an article on the topic, but I would love to hear what you think.
Coinbase Pro exchange review
Looking forward to chatting with everyone here!
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