Coinbase: All fees and costs at a glance

Coinbase charges fees for many transactions. If you want to trade with Bitcoins and Co., you cannot avoid some fees there. We will show you how much money you have to pay in this practical tip.

Fees and costs of Coinbase at a glance

Coinbase is one of the most popular marketplaces for cryptocurrencies. The company is licensed by the American authority FinCen, but even without a German licence you can use Coinbase in Germany without any problems.

• The first thing you need to do is create an account with Coinbase. This is completely free of charge. However, in order to buy Bitcoins and Co. you have to load your Coinbase with money.
• If you deposit money by credit card, the credit is directly available in your Coinbase. However, a fee of 3.99 percent will be charged. Depositing by SEPA transfer takes up to five days, but is completely free of charge.
• If you now buy Bitcoins or Etherum with your Coinbase credit, you will be charged 1.49 percent of the transaction value. So if the value is 100 euros, you pay 1.49 euros in fees.
• In addition, Coinbase charges a spread of 0.5 percent. The spread is the difference between the purchase value and the sale value.
• If you sell the Bitcoins again, you also pay a fee of 1.49 per cent. You will then be credited the equivalent value of the Bitcoins in euros.
• To transfer the balance back to your bank account, a slim 15 cents will be charged.