In case you haven't heard, Coinbase it raising it's fees for certain purchases. Hey, they gotta eat too. Although they have one less mouth to feed since their first employee, Olaf Carlson-Wee, is leaving to create a hedge fund.
We're simply going to relay the information, here is the announcement in its entirety which can also be found here.
Buy / Sell Pricing & Fees
Effective Aug. 5th, 2016
Using our wallet services to send, receive and store digital currency is free. We even pay the network transaction fees which are included with most digital currency wallets.
Using our wallet services to send, receive and store digital currency is free. We even pay the network transaction fees which are included with most digital currency wallets.
Your conversion rate for buying or selling digital currency through our Conversion Service is calculated as the market rate of the digital currency on Coinbase’s GDAX platform, plus a spread of up to 50 basis points. The final rate will be quoted to you before you complete your transaction.
We charge fees to use the Conversion Service, which vary based on your location and payment method. In some cases we may charge a fee on transfers to and from your bank account. We will always notify you of the service fee that applies to your transaction, both at the time of the transaction and in each receipt we issue to you. All fees are listed below.
Australia
| Credit / Debit Card Buys |
|---|
| 3.99% |
Canada
| Credit / Debit Card Buys |
|---|
| 3.99% |
Europe
| Standard Buy / Sell | Credit / Debit Card Buys | Bank transfers (SEPA) - in / out* |
|---|---|---|
| 1.49% | 3.99% | Free / €0.15 |
Singapore
| Buy / Sell | Credit / Debit Card Buys |
|---|---|
| 1.49% | 3.99% |
UK
| Standard Buy / Sell | Credit / Debit Card Buys | Bank wires - in / out * | Bank transfers (SEPA) - in / out * |
|---|---|---|---|
| 1.49% | 3.99% | N / A | Free / €0.15 |
USA
| Payment Method for Purchase | Effective Rate of Service Fee** *** |
|---|---|
| U.S. Bank Account | 1.49%, with a $0.15 minimum |
| Coinbase USD Wallet | 1.49% |
| Credit/Debit Card | 3.99% |
| Payout Method for Sale | Service Fee |
|---|---|
| U.S. Bank Account | 1.49%, with a $0.15 minimum |
| Coinbase USD Wallet | 1.49% |
| PayPal | 3.99% |
| USD Deposit Method | Fee |
|---|---|
| ACH Transfer | Free |
| Wire Transfer | $10 ($25 outgoing) |
* Note - In some cases your bank may charge additional fees for transfers between your bank account and your Coinbase account.
** For details on how the effective rate of service fee is calculated, please see the Coinbase User Agreement
*** Does not apply to users in New York. New York users should refer to the transaction confirmation page prior to checkout for applicable fees and rates
*** Does not apply to users in New York. New York users should refer to the transaction confirmation page prior to checkout for applicable fees and rates
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