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What is the cost of using the recurring buy feature on Coinbase?

avatarClaudio 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?

What is the cost of using the recurring buy feature on Coinbase?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    When 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.
  • avatarDec 26, 2021 · 3 years ago
    The 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.
  • avatarDec 26, 2021 · 3 years ago
    When 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.