What are the fees associated with buying and selling Monero on Coinbase?
NekilcDec 28, 2021 · 3 years ago1 answers
Can you please provide a detailed explanation of the fees involved in buying and selling Monero on Coinbase? I would like to understand the costs associated with these transactions.
1 answers
- Dec 28, 2021 · 3 years agoWhen buying or selling Monero on Coinbase, you will encounter fees. Coinbase charges a spread fee of 0.50% for each transaction, which means that the buy and sell prices will be slightly higher and lower, respectively, than the market price. In addition to the spread fee, Coinbase also charges a transaction fee based on the size of your transaction. The fee ranges from $0.99 to 1.49% depending on the transaction amount. It's worth noting that these fees may vary depending on your location and the payment method you select.
Related Tags
Hot Questions
- 96
How does cryptocurrency affect my tax return?
- 91
How can I buy Bitcoin with a credit card?
- 84
What are the tax implications of using cryptocurrency?
- 71
How can I minimize my tax liability when dealing with cryptocurrencies?
- 64
How can I protect my digital assets from hackers?
- 40
Are there any special tax rules for crypto investors?
- 34
What are the advantages of using cryptocurrency for online transactions?
- 32
What are the best practices for reporting cryptocurrency on my taxes?