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Why am I being charged a fee for my limit order on Coinbase Pro?

avatarSweety LakshmiDec 18, 2021 · 3 years ago3 answers

I recently placed a limit order on Coinbase Pro to buy some cryptocurrencies, but I noticed that I was charged a fee for the transaction. Why am I being charged a fee for my limit order on Coinbase Pro?

Why am I being charged a fee for my limit order on Coinbase Pro?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    When you place a limit order on Coinbase Pro, you may be charged a fee for the transaction. This fee is typically a small percentage of the total transaction amount and is used to cover the costs associated with executing the order. Coinbase Pro is a platform that provides a secure and reliable trading environment, and the fees charged help to maintain and improve the platform's infrastructure and services.
  • avatarDec 18, 2021 · 3 years ago
    Fees for limit orders on Coinbase Pro are a standard practice in the cryptocurrency industry. These fees are necessary to ensure the smooth operation of the exchange and to provide users with a secure and efficient trading experience. While it may be frustrating to pay fees, they are a common part of trading on cryptocurrency exchanges.
  • avatarDec 18, 2021 · 3 years ago
    When you place a limit order on Coinbase Pro, you are using the platform's advanced trading features to set a specific price at which you want to buy or sell a cryptocurrency. Coinbase Pro charges fees for these types of orders because they require additional processing and monitoring compared to market orders. By charging fees for limit orders, Coinbase Pro can continue to offer a wide range of trading options and maintain a high level of service for its users.