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. “Digital Currency” means any digital currency currently supported by Coinbase. We do not charge for transferring Digital Currency from one Coinbase wallet to another. Coinbase incurs and pays network transaction fees, such as miner's fees, for transactions on digital currency networks (i.e., transfers of Digital Currency off the Coinbase platform). For these transactions Coinbase will charge you a fee based on our estimate of the network transaction fees that we anticipate paying for each transaction. In certain circumstances, the fee that Coinbase pays may differ from that estimate. All fees we charge you will be disclosed at the time of your transaction.
In addition to sending or receiving Digital Currency through Coinbase, customers can (1) purchase or sell a single Digital Currency (a “Digital Currency Purchase” or “Digital Currency Sale”), (2) convert one type of Digital Currency into another type of Digital Currency (a “Digital Currency Conversion”), or (3) purchase a market-weighted basket (the “Coinbase Bundle”) of selected Digital Currencies supported by Coinbase (each a “Digital Currency Transaction”).
When you request a Digital Currency Transaction, Coinbase will attempt to fill that order through one or more orders on Coinbase’s trading platform, Coinbase Pro. Coinbase establishes the exchange rate for Digital Currency Transactions (“Consumer Exchange Rate”) by adding a margin, or spread (the “Spread”), to the market exchange rate on Coinbase Pro (“Pro Exchange Rate”). Coinbase may also charge a separate fee (in addition to the Spread) that is either a flat fee or a percentage of the transaction (the “Coinbase Fee”), as further described below in the section entitled, “Buy/Sell Transactions.” 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 (not including the margin) 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.
Coinbase reserves the right to reject a transaction if Coinbase is unable to fill a corresponding order on Coinbase Pro due to changes in the market price of a Digital Currency, an order exceeding the maximum order size on Coinbase Pro, or an order timing out due to slow server response time. In rare circumstances, the Pro Exchange Rate 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
Coinbase charges a Spread of about one-half of one percent (0.50%) for Digital Currency Purchases and Digital Currency Sales. However, the actual Spread may be higher or lower due to market fluctuations in the price of Digital Currencies on Coinbase Pro between the time we quote a price and the time when the order executes.
We also charge a Coinbase Fee (in addition to the Spread), which 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:
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 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.
Variable percentage fee structure by location and payment method are shown in the last section below. These fees do not apply to Digital Currency Conversions. As a reminder, the Coinbase Fee will always be the greater of the minimum flat fees described above or the variable fees described below.
Digital Currency Conversions
With a Digital Currency Conversion, you can accomplish in a single transaction what would otherwise require two separate transactions. For example, you could directly convert Bitcoin to Ethereum (a Digital Currency Conversion), or you could sell Bitcoin and then purchase Ethereum (a Digital Currency Sale followed by a Digital Currency Purchase).
Coinbase charges a Spread of one percent (1.00%) for Digital Currency Conversions. However, the actual Spread may be higher or lower due to market fluctuations in the price of Digital Currencies on Coinbase Pro between the time we quote a price and the time when the order executes. We do not charge a separate Coinbase Fee for Digital Currency Conversions.
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.
Variable Fees by Location and Payment Method
|Credit / Debit Card Buys|
|Credit / Debit Card Buys|
|Standard Buy / Sell||Instant Buys (Credit / Debit Card only)||Bank transfers (SEPA) - in / out*|
|1.49%||3.99%||Free / €0.15|
|Buy / Sell||Credit / Debit Card Buys|
|Standard Buy / Sell||Instant Buys (Credit / Debit Card only)||Bank wires - in / out *|
|1.49%||3.99%||Free / £1|
Base rate of 4% for all transactions**
|Payment Method for Purchase/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|
|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.