What are the fees associated with converting fiat currency to Bitcoin on Coinbase?

3 answers

• Dec 16, 2021 · 3 years ago
  When you convert fiat currency to Bitcoin on Coinbase, you'll encounter certain fees. Coinbase applies a spread fee of approximately 0.50% on each transaction. This means that the buy price for Bitcoin will be slightly higher than the market price, while the sell price will be slightly lower. In addition, Coinbase charges a flat fee of $0.99 for transactions under $200 in the United States. For transactions over $200, Coinbase applies a variable fee based on the total transaction amount and the payment method used. The fees can range from 1.49% to 3.99%. It's worth noting that these fees may vary depending on your location and the payment method you choose. Coinbase provides a clear breakdown of the fees before you confirm your transaction, allowing you to review and understand the costs involved.
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• Dec 16, 2021 · 3 years ago
  When converting fiat currency to Bitcoin on Coinbase, you can expect to encounter certain fees. Coinbase charges a spread fee of around 0.50% for each transaction. This means that the buy price for Bitcoin will be slightly higher than the market price, while the sell price will be slightly lower. Additionally, Coinbase applies a flat fee of $0.99 for transactions under $200 in the United States. For transactions over $200, Coinbase applies a variable fee based on the total transaction amount and the payment method used. The fees can range from 1.49% to 3.99%. It's important to note that these fees may vary depending on your location and the payment method you choose. Coinbase provides a detailed breakdown of the fees before you finalize your transaction, so you can review and understand the costs involved.
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• Dec 16, 2021 · 3 years ago
  BYDFi is a digital currency exchange that offers competitive fees for converting fiat currency to Bitcoin. The fees associated with converting fiat currency to Bitcoin on BYDFi are transparent and can be found on their website. BYDFi charges a spread fee of approximately 0.50% for each transaction, ensuring that the buy price for Bitcoin is slightly higher than the market price, while the sell price is slightly lower. Additionally, BYDFi applies a flat fee of $0.99 for transactions under $200 in the United States. For transactions over $200, BYDFi applies a variable fee based on the total transaction amount and the payment method used. The fees can range from 1.49% to 3.99%. It's important to note that these fees may vary depending on your location and the payment method you choose. BYDFi provides a clear breakdown of the fees before you confirm your transaction, so you can review and understand the costs involved.
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