General vs. Coinbase: Which Is Right for You?

There are three main fees to be aware of when using cryptocurrency apps and exchanges: deposit, trading, and withdrawal. Costs can vary depending on the payment method, trading amount, location, and cryptocurrency.

Neither nor Coinbase charge fees to deposit fiat currency (traditional money) via a bank transfer, but both charge for debit card payments. In terms of crypto withdrawals, it’s free to deposit cryptocurrencies on each exchange and the withdrawal fee depends on which currency you’re moving.

Unfortunately, Coinbase is not very transparent about its crypto trading fees — it says they are calculated when you place your order but doesn’t publish as much detail as other sites do. Coinbase has an entry-level platform where new investors can buy crypto, along with an advanced platform with additional features. Fees are higher on the more straightforward platform than the advanced trading feature.

The maximum maker/taker fee on is 0.4% High volume traders and users who stake Cronos (CRO), the platform’s native token, can reduce the trading fees. The maximum maker/taker fee for Coinbase Advanced Trade users is 0.6%, with discounts available for high trading volumes. Simple trades on Coinbase can cost between $0.99 and 1.5% of the total amount, depending on the size of the transaction. Overall the fees on are lower. But Coinbase does offer additional deposit options, such as a transfer from PayPal.

Related: See The Ascent’s comparison of Coinbase vs. PayPal.

Did you know? has a credit card. Check out The Ascent’s card review.

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