Coinbase Fees

Coinbase is arguably the easiest way to buy Cryptocurrencies but the fees can add up. This post explains all the fees involved with Coinbase and provides some tips to help reduce those fees and even make a trade fee free. If you are new to Coinbase use this link to sign up and you will receive $10 dollars of free Bitcoin when you buy or sell $100 dollars of Bitcoin.

Transferring Money In to Coinbase

The cheapest way to buy cryptocurrencies is to first deposit your money to Coinbase via a bank transfer.  Transfers into Coinbase are generally fee free. You will have to think ahead a little as bank transfers generally take a few days to hit your Coinbase account. If you are in the US and use a wire transfer your fees will arrive quicker but you will be charged a fee of $10.

If you live in the UK, Coinbase will not charge you additional fees but your bank may.  This is because transfers into Coinbase uses SEPA (Single Euro Payments Area transfers). SEPA aims to make cross border transfers in the Euro zone as simple as a domestic transfer. As the UK uses pounds and not Euros it is likely you will be charged an admin fee of approximately £15 by your bank to make the transfer plus the conversion charge of GBP to EUR. If you are a UK resident there is a way round these banking fees

Fees for Buying Cryptocurrencies

Investing in cryptocurrencies should be fun, but be sure you understand this site is not financial advice and the risks involved.

If you have gone along the bank transfer route when you came to buy the crypto you will be charged a fee of 1.49% of the total amount bought.

Both debit and credit cards are also accepted as forms of payment, the advantage being this enables instant payment rather than having to wait a number of days for the bank transfer. However, the fees are higher reflecting this additional convenience, the fees for a card purchase are 3.99%.   You will also need to be aware that certain banks have banned the purchase of cryptocurrencies using credit cards.

Buying fees are added to your purchase price so for example if you were buying $100 of Ethereum on debit card your total would be $101.49.

Fees for Selling Cryptocurrencies

Fees again apply when you sell cryptocurrency.  You are charged a fee of 1.49% of the total transaction value.

Selling fees are taken away from the total sale price.  For example if you were selling $100 of Ethereum you would receive $98.51.

Transferring Funds Out

Transferring money out from Coinbase to your bank account can also result in some fees, let’s run through some scenarios.

If you are a US customer a transfer out to your bank account will be free. If you choose to transfer the funds out more quickly via a bank transfer you will be charged $25.

In Europe you will be charged 0.15 EUR to make a transfer to your bank account. UK customers need to be mindful they may be subject to international banking charges when making a withdrawal again as this uses a SEPA transfer.

Coinbase Fees Example

The following runs through a practical example of buying and selling some cryptocurrency. This example assumes a free bank transfer was used to move funds.

Bank transfer – Buying and selling $1000 of BItcoin using Coinbase


Bank transfer in  $0

Buying $1000 crypto     $15

Selling $1000 crypto     $15

TOTAL    $30

Debit card – Buying and selling $1000 of BItcoin using Coinbase

Buying $1000 crypto     $40

Selling $1000 crypto     $40

TOTAL    $80

Coinbase is extremely convenient and easy to use, you can sign up with this link to sign up and receive free Bitcoin, if however you are looking to reduce your trading costs read on for the money saving tips below.

Ways to Save

Try and minimize purchases on card, bank transfers are much cheaper

For US customers wire transfers incur charges but standard bank transfers don’t. Only use wire transfers if the reduced transfer time is required

UK residents to avoid the SEPA fees use the Revolut method

To avoid paying any fees on buying and selling use  GDAX method

You can read the full list of charges on Coinbase.


Leave a reply

©2021 Cryptoscommunity


We're not around right now. But you can send us an email and we'll get back to you, asap.


Enjoy this blog? Please spread the word :)

Get new posts by email:

Enjoy this blog? Please spread the word :)

Log in with your credentials


Forgot your details?

Create Account