common-close-0
BYDFi
Trade wherever you are!

What are the fees associated with using Coinbase DEX for trading?

avatarPiper FrederickDec 18, 2021 · 3 years ago1 answers

Can you provide a detailed explanation of the fees associated with using Coinbase DEX for trading? I would like to know the different types of fees, how they are calculated, and if there are any additional costs involved.

What are the fees associated with using Coinbase DEX for trading?

1 answers

  • avatarDec 18, 2021 · 3 years ago
    As an expert in the field, I can tell you that the fees associated with using Coinbase DEX for trading are quite reasonable. The trading fee is set at 0.3% for both makers and takers, which is in line with industry standards. This means that for every trade you make, 0.3% of the total value will be deducted as a fee. In addition to the trading fee, there may be network fees involved when transferring funds to and from your Coinbase DEX wallet. These fees are determined by the blockchain network and can vary depending on the current network congestion. It's worth noting that Coinbase DEX does not charge any deposit or withdrawal fees, which is a big advantage compared to some other exchanges. Overall, the fees associated with using Coinbase DEX are fair and transparent, making it a reliable platform for trading cryptocurrencies.