Coinbase Pricing & Fees Disclosures

Wallet Service

Coinbase offers our USD Wallet and Hosted Digital Currency Wallet Service free of charge. This means we will store your USD and digital currency at no cost to you. We do not  charge for transferring digital currency from one Coinbase wallet to another. If you transfer digital currency off the Coinbase platform, Coinbase does not receive any compensation for such transfers, but these transfers may incur network transaction fees, such as miner’s fees, which Coinbase passes through to you. Any such transfer fees will be disclosed to you at the time of the transaction.  “Digital Currency” means the digital currencies currently supported by Coinbase (i.e.Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, and Litecoin).  

 

Digital Currency Transaction Fees

The price you pay on Coinbase Consumer to purchase or sell Digital Currency (each a “Digital Currency Transaction”) is determined by (1) (a) the market exchange rate on Coinbase’s trading platform for that Digital Currency, multiplied by (b) a spread, or surcharge (a “Spread”), of 50 basis points (0.50%) above the market exchange rate, calculated at the time we quote a price to you (the “Quoted Spread,” together with Coinbase’s trading platform exchange rate, the “Consumer Exchange Rate”), plus (2) a commission that is either a flat fee or a percentage of the transaction, depending on the payment method and amount you are purchasing (noted as the “Coinbase Fee” on the Buy/Sell page of Coinbase.com). At the time your Digital Currency Transaction executes, the actual spread or difference in the Pro Exchange Rate and the Consumer Exchange Rate may be higher or lower than the Quoted Spread (the “Actual Spread”) due to movement in the market price between the time we provide the quote and the time you click to confirm the transaction, but this will not affect the price you pay. 

Below is a more detailed explanation of the elements of Coinbase’s Pricing and Fees.

Consumer Exchange Rate

Coinbase quotes prices for Digital Currency Transactions based on the market price on Coinbase’s trading platform for that asset plus (unless a fee waiver is in place) a spread of 50 basis points (0.50%). 

For example, if the exchange rate on Coinbase’s trading platform for bitcoin at the time we provide the quote is $6,000 for one bitcoin, the Consumer exchange rate displayed to you will be $6,030 ($6,000 multiplied by 1.005) for one bitcoin.

Once you confirm an order, Coinbase will attempt to fill the quantity of your order on Coinbase’s trading platform at a price that is no more than the Quoted Spread and all Coinbase commissions (minus bank fees charged by third parties). Because the market price on Coinbase’s trading platform could change between when Coinbase quotes a Consumer exchange rate and when Coinbase submits an order on the trading platform, the Actual Spread (cost over the trading platform exchange rate) that Coinbase receives for filling the order could differ from the Quoted Spread.  This could result in Coinbase earning an Actual Spread in excess of the Quoted Spread (if the price moves against the customer) or less than the Quoted Spread (if the price moves in favor of the customer). Historically, the Actual Spread has ranged from about 40 to 60 basis points since Coinbase began executing orders in this manner. However, the Actual Spread could be even higher or lower if there is a sudden change in the market price on Coinbase Pro.

Coinbase reserves the right to reject any Digital Currency Transaction if Coinbase is unable to fill a corresponding limit order on Coinbase’s trading platform. Coinbase may be unable to fill a limit order on Coinbase’s trading platform due to the market price on Coinbase’s trading platform moving (such that the limit order cannot be filled at or below the specified price), an order exceeding the maximum order size on Coinbase’s trading platform, or an order timing out due to slow server response time. In rare circumstances, the market rate from Coinbase’s trading platform may not be available due to outages or scheduled maintenance. In order to provide you with uninterrupted services at such time, we may derive market pricing data from unaffiliated currency exchanges. Exchange rates quoted in these circumstances are subject to a quoted spread exceeding 50 basis points. 

Coinbase Fee

We also charge a Coinbase Fee (in addition to the Spread) for a Digital Currency transaction, as described in this section. Coinbase Fees may vary based on your location, payment method, and other circumstances. In some cases, we may charge an additional fee on transfers to and from your bank account. We will always notify you of all Coinbase Fees and any other service fees that apply to each transaction immediately before you confirm each transaction and in the receipt we issue to you immediately after each transaction has processed. 

Unless otherwise disclosed to you at the time of your transaction, your fee for a Digital Currency Transaction is the greater of (a) a flat fee or (b) a variable percentage fee determined by region, product feature and payment type. The flat fees are set forth below:

 

  • If the total transaction amount is less than or equal to $10, the fee is $0.99.
  • If the total transaction amount is more than $10 but less than or equal to $25, the fee is $1.49.
  • If the total transaction amount is more than $25 but less than or equal to $50, the fee is $1.99.
  • If the total transaction amount is more than $50 but less than or equal to $200, the fee is $2.99.

For example, if you are in the United States and wish to purchase $100 of bitcoin and pay with a U.S. bank account or your USD Wallet, the flat fee would be calculated as $2.99. As noted below in the variable fee section, the variable percentage fee would be 1.49% of the total transaction, or $1.49. Since the flat fee is greater than 1.49% of the total transaction, your fee would $2.99. If you wanted to purchase the bitcoin with a credit or debit card, we would charge a fee of 3.99% since the variable percentage fee is higher than the flat fee.

Coinbase Bundle

When you request to purchase the Coinbase Bundle, Coinbase determines the proportion of each asset to be purchased based on that asset’s market capitalization relative to the market capitalization of all assets in the Bundle. Coinbase then calculates the Consumer exchange rate for each individual asset separately. The Coinbase Fee is calculated as a single transaction rather than separate transactions for each individual asset. For example, if you request to purchase $100 of the Bundle, your total fee will be $2.99 if you are located in the United States and pay with your bank account, the same fee as a single purchase of $100 in Bitcoin. If you made five separate transactions (one for each asset) totaling a $100 purchase, your total fees would be significantly higher. As another example, if you request to purchase $300 of the Bundle (assuming you are purchasing from a U.S. Bank account or your USD Wallet), the transaction fee will be simply 1.49% of the transaction amount ($295.60), or $4.40. 

The section below describes the variable percentage fee structure that applies based on location and payment method. Again, the Coinbase Fee will always be the greater of the minimum flat fees described above or the variable fees described below.
 
 

Australia

Credit / Debit Card Buys
3.99% 
 

Canada

Credit / Debit Card Buys
3.99%
 

Europe

Standard Buy / Sell  Instant Buys (Credit / Debit Card only) Bank transfers (SEPA)  - in / out*
1.49% 3.99% Free / €0.15
 

Singapore

Buy / Sell Credit / Debit Card Buys
1.49% 3.99%
 

UK

Standard Buy / Sell Instant Buys (Credit / Debit Card only) Bank wires - in / out *
1.49% 3.99% Free / £1


USA

Base rate of 4% for all transactions**

Payment Method for Purchase Effective Rate of Conversion Fee (after waiver)
U.S. Bank Account 1.49%
Coinbase USD Wallet 1.49%
Credit/Debit Card 3.99%***
 
Payout Method for Sale Effective Rate of Conversion Fee (after waiver)
U.S. Bank Account 1.49%
Coinbase USD Wallet 1.49%
 
USD Deposit Method Fee
ACH Transfer Free
Wire Transfer $10 ($25 outgoing)
 

* Note - In some cases your bank may charge additional fees for transfers between your bank account and your Coinbase account.
** The base rate for all Purchase and Sale transactions in the U.S. is 4%. Coinbase waives a portion of the Digital Currency Transaction Fee depending on the payment method you use. The effective rate of the Digital Currency Transaction Fee disclosed here is calculated as the base rate, net of fee waivers. The base rate does not apply to U.S. Dollar deposits and withdrawals.
*** Note - Your bank may charge additional fees for Coinbase credit card purchases. To avoid these fees, switch to debit card or bank account.
 **** All credit cards and debit card payments are processed through Coinbase UK, Ltd, an affiliated company of Coinbase, Inc. 

Coinbase UK, Ltd.
107 Cheapside
London EC2V 6DN
United Kingdom

 

 

 

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