mgerber Regular  Posts: 61 Joined: 3/30/2006 Location: Issaquah, WA  User Profile | Hi, Frank. I am brand new to Crypto. I dabbled in FX before Switzerland went tits up, the U.S. regulators got weird, and IB effectively made it too difficult/ineffective for me to trade FX. Bought CTrader and got a Coinbase account up and running. I was expecting that FX tools would work, and that *seems* to be the case. So I am glad to hear your report confirming this. Coinbase was not easy to do: Their knowledge base is seriously lacking. They seem to be very opaque about their fees. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX I had to google some articles to get a clear understanding of their fee structure, and even *they* describe the Coinbase fees as: "the fees are a bit confusing, to say the least. Plus you have strange imposed limits and other regulations hidden in the small print." https://www.fortunebuilders.com/coinbase-review/ Complicated Fee Structure Coinbase fees vary by country, so we’ll just focus on the U.S. fees. Coinbase fees break down like this: Bank Account Payment: 1.49% Coinbase USD Wallet: 1.49% Debit/Credit Card: 3.99% ACH Transfer: Free Wire Transfer: $10 Per Deposit, $25 Per Withdrawal Crypto Conversion: 2% Most of these rates are considered “high” for crypto exchange platforms. And these aren’t the only transaction fees you’ll pay. Coinbase Fee Structure In addition to the transaction fees, you also have to pay a “Coinbase fee” depending on the value of the transaction and where you’re making your order from. That makes transaction costs difficult to gauge. XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX --Mark G. [Edited by mgerber on 1/30/2022 7:03 PM] | |
