What is the cost of using the recurring buy feature on Coinbase?
Claudio Afonso HenriquesDec 26, 2021 · 3 years ago3 answers
Can you explain the fees associated with using the recurring buy feature on Coinbase? How much does it cost to set up and use this feature?
3 answers
- Dec 26, 2021 · 3 years agoWhen using the recurring buy feature on Coinbase, there are fees involved. Coinbase charges a fee of 1.49% for every transaction made through this feature. This fee is deducted from the total amount of the transaction. So, if you set up a recurring buy for $100, Coinbase will deduct $1.49 as a fee, and you will receive $98.51 worth of the cryptocurrency you are purchasing.
- Dec 26, 2021 · 3 years agoThe cost of using the recurring buy feature on Coinbase includes a fee of 1.49% per transaction. This fee is relatively standard in the industry and is used to cover the costs associated with processing the transaction and maintaining the platform. It's important to consider this fee when setting up recurring buys to ensure it aligns with your investment strategy.
- Dec 26, 2021 · 3 years agoWhen using the recurring buy feature on Coinbase, you will be charged a fee of 1.49% for each transaction. This fee is deducted from the total amount of the transaction and is used to cover the costs of maintaining the platform and providing the service. It's worth noting that other exchanges may have different fee structures, so it's always a good idea to compare fees before choosing a platform.
Related Tags
Hot Questions
- 77
What are the best digital currencies to invest in right now?
- 61
What are the advantages of using cryptocurrency for online transactions?
- 52
What are the best practices for reporting cryptocurrency on my taxes?
- 44
How can I buy Bitcoin with a credit card?
- 41
How does cryptocurrency affect my tax return?
- 34
What are the tax implications of using cryptocurrency?
- 26
How can I protect my digital assets from hackers?
- 19
How can I minimize my tax liability when dealing with cryptocurrencies?