Cryptocurrency Q&A
Why is the price higher when I go to buy on Coinbase?
Why is the price higher when I go to buy on Coinbase?
Emanuele
Sat Oct 19 2024
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6 answers
1349
I noticed that whenever I try to purchase cryptocurrency on Coinbase, the prices seem to be higher compared to other platforms. I'm wondering what factors could be contributing to this price difference.
6 answers
Maria
Mon Oct 21 2024
However, it's important to note that the fees charged by Coinbase are not solely determined by the transaction size. Price volatility, a characteristic inherent to the cryptocurrency market, can also significantly impact the final cost of a trade.
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CoinMasterMind
Mon Oct 21 2024
Coinbase's spread fees function similarly to a commission charged by a broker for utilizing their services. This fee is applied to transactions conducted on the platform.
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BlockchainWizardGuard
Mon Oct 21 2024
For purchases valued below 10k, Coinbase imposes a spread fee of approximately 0.50% of the total transaction amount. This percentage serves as a cost associated with the trade execution.
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Filippo
Mon Oct 21 2024
As the value of a purchase increases, Coinbase offers a more favorable fee structure. Specifically, the percentage of the spread fee decreases for higher transaction amounts, incentivizing larger investments.
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Thunderbolt
Sun Oct 20 2024
Price volatility refers to the unpredictable fluctuations in the value of an asset over time. In the context of cryptocurrency trading, these fluctuations can lead to increased costs for traders, as they can affect the spread fee charged by Coinbase.
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