There is two reasons why you should consider go for something else than Coinbase. Coinbase have high fees Coinbase have relative few cryptocurrencies However, there are three reasons why you should use Coinbase as an US resident. Coinbase is the largest US crypto exchange Coinbase is regulated and on the stock market Coinbase has the […] The post Coinbase fees and alternative crypto exchanges with lower fees for US appeared first on Cryptocointrade.

Coinbase fees and alternative crypto exchanges with lower fees for US

There is two reasons why you should consider go for something else than Coinbase.

  1. Coinbase have high fees
  2. Coinbase have relative few cryptocurrencies

However, there are three reasons why you should use Coinbase as an US resident.

  1. Coinbase is the largest US crypto exchange
  2. Coinbase is regulated and on the stock market
  3. Coinbase has the most interesting cryptocurrencies
  4. Coinbase is very beginnner friendly

Coinbase fees

Coinbase deposit fees

Coinbase charges quite high fees. At the same time, they are offering a superior exchange when it comes to offer a simple and beginner friendly user interface. Also, US customers are excluded from many other crypto exchanges, like Binance for instance.

Debit card: 3.99%

Bank account 1.49%

Coinbase crypto to crypto exchange fees

With a crypto to crypto exchange, you can accomplish a single transaction what would otherwise require two separate transactions. 

For this, Coinbase charges a spread margin of up to two percent (2.00%) for cryptocurrency conversions.

The actual spread charged by Coinbase varies due to market fluctuations in the price of the cryptocurrency on Coinbase Pro. There is a time delay between the time Coinbase quote a price and the time when the order executes.

Coinbase buy and sell cryptocurrency fees

Coinbase charges a spread of about one-half of one percent (0.50%) for cryptocurrency purchases and cryptocurrency sales.

However, the actual spread may be higher or lower due to market fluctuations in the price of cryptocurrency on Coinbase Pro between the time we quote a price and the time when the order executes. 

In addition to the spread, Coinbase also charge an extra fee. This is either a flat fee or a variable percentage fee determined by region, product feature, and payment type. 

Go to Coinbase

Coinbase alternative and fees

Kraken deposit fees

One alternative to Coinbase is Kraken crypto exchange. Kraken is also based in US and they allow US customers. 

The big difference from Coinbase is that Kraken offers more trading pairs with lower fees. However, their interface is not as simple and beginner friendly as Coinbase.

Kraken has many different deposit options from USA, Canada, EU and many other countries.

Bank deposit Kraken: There are many free alternatives but there are also some alternatives that Kraken will charge you for a deposit.

Debit Card/Credit Card: Kraken only offers deposit from CAD debit cards in this category

Kraken exchange fees

Kraken is offering better exchange fees and more cryptocurrency pairs than Coinbase.

The fee structure varies from 0-0.26%.

Kraken trading fees are dependent on

  • The currency pair that is being traded
  • Your 30-day trading volume (in USD)
  • Whether your order is maker or taker
Go to Kraken

Binance deposit fees

Binance is probably a better alternative to Coinbase if you live outside the US. Binance has better deposit fees in all categories compared to Coinbase.

As with Kraken and many other crypto exchanges, Binance deposit fees varies dependent on what currency and what method to deposit with.

In the example below, EUR deposit is free by SEPA and costs 1.8% with VISA or Mastercard.

Binance deposit fee for VISA and Mastercard is extremely low and we have not seen anything close to this.

Binance exchange fees

Binance has probably the lowest fees among all bitcoin and crypto exchanges.

The basic fee is very low and on top of that you can reduce the fee even more.

Binance basic fee is 0.1% for maker and taker orders.

Binance trading fees are dependent on

  1. Your VIP level which is dependent on your 30 day trading volume or your BNB holdings
  2. If you pay your fees in BNB
  3. What referral code you use. We provide the best Binance referral code which will give you -20% on all fees ever charged by Binance.
Go to Binance

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