Complete Guide to Coinbase Fees (How to Avoid Them)

bitcoin on top of coins

Coinbase is one of the most widely used crypto exchanges around. It is the main go-to for people who like to invest in cryptocurrency.

People love its user-friendly interface and simplicity, but Coinbase comes with some major fees you should be aware of. In fact, there’s a fee for every single transaction!

If you want to know how the processes of Coinbase fees work, including how to avoid them, continue reading this article.

We’ve got some tips and information you’re going to need. We are going to cover transaction fees, withdrawal fees and how to get lower fees to get the most out of crypto trading.

A Breakdown of Coinbase Fees

When you look over the Coinbase user agreement, you might find that the fees are a bit confusing, to say the least. Plus you have strange imposed limits and other regulations hidden in the small print.

In a nutshell, there is a fee for every digital currency transaction you make on Coinbase, whether you’re buying or selling.

Buying Fees

One of the basic fees associated with crypto are buying fees. You can use fiat currency (like USD) to purchase cryptocurrency with Coinbase.

Coinbase allows buying with a bank account, debit or credit card, wire transfer or Paypal. If you decide to use Paypal, you will be charged Paypal’s transaction fees along with the fees from Coinbase.

When you are buying BTC through Coinbase, the amount of your fees is automatically deducted from the total amount of your order.

So, let’s say, you entered $100 into the app as the amount you are wishing to buy. For that transaction, you will be charged $2.99.

With that added fee, your full total for the transaction will end up being $100, but you will only get $97.01 worth of BTC at the current market price.

Here is an example of a $100 BTC purchase while paying from a bank account:

Coinbase Fee Transaction Example

$1000 BTC purchase while paying from a bank account:

Coinbase Fee Transaction

$100 BTC purchase while paying from a debit card:

Coinbase Fee Example

These fees are always subject to change and can vary depending on your location and financial institution.

One thing to remember is that bank account fees for buying are at a much lower rate compared to using a card. Purchase cryptocurrency wisely and make sure to get the best deal when you make your initial crypto investment using fiat currencies.

Selling Fees

When you are selling on digital currency on Coinbase, the fees you’re responsible for will be automatically deducted from the amount you initially entered. In this example, we’ll use $100 again.

If you key in $100 is the amount you’re selling, the fee is 1.49%. Since the fees are automatically deducted, the total amount you are selling the cryptocurrency for is going to be $98.51.

That is also the amount you will see applied for your payment method of choice. However, a full $100 of BTC is going to be removed from your account.

Where You’ll Find Your Trading Fees

Regardless of whether you’re buying or selling the digital currency BTC, you will always receive an automatic charge for any necessary fees. You will see a full write up of your transactions in digital and local currency in addition to the fees you’re being debited on the confirmation screen.

How Much Money Does Coinbase Charge?

The fees charged by Coinbase are pretty high. And they can add up, especially if you use the service often. You will see the buying and selling fees we described above.

There may also be fixed and variable fees depending on the amount of the transaction. And when your purchases are smaller, there is a flat fee charged.

Here are the flat fees for the smaller transactions:

  • If you are buying or selling in the amount of $10.99 or less, the trading fee is $0.99
  • If you are buying or selling between $11 and 26.49, the trading fee is $1.49
  • If you are buying or selling from $26.50 to $51.99, the trading fee is $1.99
  • If you are buying or selling from $52 to $78.05, the trading fee is $2.99

Now that we’ve covered the flat fees, here are the variables.

You can make a transaction of up to $200 within the Coinbase system if you use either your bank account or USD wallet to buy or sell cryptocurrency.

However, if you are making a purchase or sale of $201 or more, the variable fee of 1.49% kicks in.

If you make a transaction of $78.06 or more, with a credit card or debit card and then transfer all your proceeds into your PayPal account, you will have to pay a variable fee in the amount of 3.99%.

The Possibility of Bank Fees

On top of the Coinbase transaction fees, you may see some fees outside of your Coinbase account – we’re talking fees from your own bank.

Some users are charged a 3% foreign transaction fee if a transaction is made via a credit card or debit card. The 3% is standard for international conversions, but it really depends on your bank.

The reason some people get these charges is that Coinbase works with a company that’s based in London to process its credit card and debit card transactions.

Just so you can have a clear understanding of what to expect, you should speak with your bank to find out if those are fees you’ll ever need to worry about when buying digital currency.

Can You Really Avoid Paying Coinbase Fees?

While Coinbase’s fees are pretty high in comparison to other brokers, so it’s nice to avoid paying them if you can. To start, you will need to start using Coinbase Advanced.

While its name implies that it is a version that should only be used for professional traders, don’t allow it to intimidate you. There are a few extra steps while using Coinbase Advanced, but it isn’t much more difficult than the standard version you are already used to.

Don’t let Coinbase Advanced scare you, especially if you are looking to save on fees.

The main difference between the platforms is that the standard Coinbase is a broker. In other words, it helps you get access to Bitcoin and it charges you a big fee for it. If you have a high enough trading volume, you can avoid some of the higher rate fees involved for lower purchases.

Coinbase Advanced Fees vs Coinbase Fees

Coinbase offers both there normal trading platform, (which is actually more of a brokerage) and Coinbase Advanced which is for more advanced trading.

Coinbase Advanced, on the other hand, is a cryptocurrency exchange. This means you can freely buy and sell Bitcoin on the open market instead of going through a broker type service like the regular Coinbase platform.

One major bonus here is that if you already have a Coinbase account you also have access to a Coinbase Advanced account, you just may not have realized. You will simply log in using your same username and password. Although, the Coinbase Advanced wallet is separate from your normal Coinbase wallet. Because your account is already connected, it’s easy to exchange between the two wallets.

And the fees are vastly different between the two. Fees still apply to transactions in Coinbase Advanced. However, Coinbase Advanced will save you much more in the long run. This is especially true with things like with spread fees since your trades will be happening much faster.

In short, Coinbase Advanced fees are drastically lower, but still not as low as the competition.

Coinbase Advanced does not offer card purchases, so naturally you will avoid those fees. Another benefit of trading with Coinbase Advanced is that you have much more access to different cryptocurrencies.

When trading on cryptocurrency exchanges like Coinbase Advanced, you should be aware of maker and taker fees. This fee structure shows the costs that Coinbase charges when you buy and sell. These fees always depend on the transaction amount. We will cover more the details of a taker fee and maker fee further on in this article.

Withdrawal Fees

With Coinbase & Coinbase Advanced, there isn’t a direct withdraw fee. However, there is a standard ‘network fee‘ at the time of withdrawing that varies depending on how busy the network is of the selected coin.

So unfortunately, there is no way to skip this fee. In past years, you could transfer your coins from your Coinbase wallet to Coinbase Advanced to skip this fee but that was changed a while back. If you use Coinbase or Coinbase Advanced you are subject to some sort of transaction fee.

To lower your fees during your withdrawal, I recommend selecting a fast and low fee coin to do so. But please do be vigilant of taxes when trading coins to move them out of your Coinbase wallet. Keep in mind market fluctuations and consider holding your crypto for longer. This could be a good way to avoid losing some of your investment.

Personally, I move from exchange to exchange with LTC or XLM. However, if I’m worried about the price slipping or taxes, I just transfer the coin as-is and eat the fees. Odds are in favor the fee’s are quite low anyways (or better than taxes)!

For example, I just moved 1 BTC the other day and it cost 0.0000417 BTC – which was around $1.35 to move over $35K in BTC (1/11/2021). Withdrawal fees can be avoided if you buy and sell on the right platform.

Do you use a hardware wallet? If not, get one now to keep your coins safe!!

I recommend the Ledger Nano X or S since they are easy to use.

Buying Fee

Coinbase Advanced and Coinbase differ in fee structures. The regular Coinbase is more costly and complicated to understand. According to their website, “the base rate for all purchase and sale transactions is 4%.” but this can vary based on your location or payment method.

If you want to buy Bitcoin with a debit card, you will receive your Bitcoin instantly, but there’s a buying fee associated with it. But if you are willing to wait for the transfer, use your bank account to avoid the associated fees. Coinbase offers ACH transfer, free wire transfers and bank account transfers.

With Coinbase Advanced, you are limited in terms of payment method. You can’t use a credit card when buying and selling. However, the normal Coinbase platform offers transfers for your cryptocurrency between your two accounts.

Depending on your payment method, Coinbase charges more. With that said, Coinbase Advanced doesn’t charge a fee to add money to your account because it isn’t a broker.

However, there is simply a fee to use your money to buy Bitcoin. On the other hand, there are transaction fees.

Trading Fees (aka Transaction Fees)

Buying cryptocurrency using a limit purchase or limit order is a simple way to save money on trading. Either a flat fee or variable fee will be added to a transaction on the normal Coinbase platform.

Coinbase Advanced offers a much better deal compared vs Coinbase. When it comes to trading fees, Coinbase Advanced is the way to go.

Coinbase Advanced utilizes a popular trading module called maker-taker in order to determine its trading fees. Here’s how the module works:

A Maker order is one where you add liquidity. This means your order is added to the order book as either a buy or sell order.

In a transaction as a maker, you will be making your own offers. The buying price you choose should be lower than the current selling price in the limit order.

As a ‘maker’, you have to pay a trading fee due to an update to Coinbase’s terms on March 22nd, 2019. This is known as a maker fee.

A ‘taker’ is when you remove part of the order book. So, you’re either buying or selling to a trade that’s been listed in the order book.

These trades are completed instantly, but you will have to pay a fee between .0% and .50% for this transaction depending on how much you transact during the a given month.

Coinbase Spending Limits

Coinbase fees take a bit of time to understand. But while you’re still learning about those parts of the service, it’s also important to understand its spending limits.

You will have limitations on how much you can purchase and sell through Coinbase each week. But keep in mind that this can change with time. Coinbase expands spending limits based on a few different things.

Such as, how long you’ve been trading and how much you’ve traded. They will also look at whether you’ve completed your identity verification with personal details like your government ID and phone number.

Another thing not many people know is that you can help increase your limits by adding more financial information to your account. This includes bank accounts, debit cards, and credit cards.

Your weekly and daily spending limits will change as you complete this information, Coinbase provides updates about your new limits and if you are getting close to hitting them.

Doing so is also useful if you plan on becoming a heavy cryptocurrency investor.

Keep in mind though that these spending limits only apply to Coinbase. You will need to communicate with your bank to find out what your limits are if you have them.


Coinbase is a great product for new users. But the high Coinbase fees are not worth the ease of use. So simply, move use Coinbase Advanced to save some money on your purchases, and trades.

Users of Coinbase Advanced make the move after becoming more educated about the market and need more advanced trading capabilities. Not only will you save money, but you will be able to do more with your cryptocurrency.

Coinbase Advanced has the same security features as the normal Coinbase platform. Most of Coinbase’s funds are kept in cold storage offline, meaning that users can feel safe that their digital assets can’t be hacked.

Lastly, please do make sure to buy a secure hardware wallet to store your cryptocurrency off exchanges when you’re not actively trading. I recommend the Ledger Nano X since it’s so easy to use and very safe.

Do you have any experience you’d like to share about Coinbase Advanced or Coinbase’s fees and how to help others avoid them? We would love to hear your story!

Feel free to leave a comment below and I’ll personally answer your questions.

About Crypto Ryan 68 Articles
Hi, I'm Ryan. I started investing in cryptocurrency in early 2014. Naturally, I want everyone to have the chance to learn about the crypto world so I created this blog! I hope my articles help you understand blockchain and cryptocurrency. Cheers!


  1. Why is there a 17 day freeze on the Bitcoin I purchased at coinbase? It was a direct bank to coinbase transfer but I cannot touch the bitcoin. Thank you

  2. Hey Ryan, looks like you actually cannot send from coinbase to coinbase pro. just tried to send my XRP and gave me the error “You can’t send a payment from an account to itself.” Frustrating.

  3. Hey Ryan, how much would Coinbase charge if I transfer 2 btc from my blockchain wallet to my coinbase btc address? I am not able to find the pricing for the same.

    • Hey! Coinbase does not charge to or from their wallets. However, you will have to pay the miners to authenticate the transaction when sending the coin on the blockchain from your wallet to Coinbase. In your personal wallet, you generally get to decide how high of rate you’d want to pay for faster or slower confirmations.

  4. if say I only had $500 in my portfolio..all in litecoins say,…doesnt it cost me more then I would averagely profit in an average day just in fees alone?

  5. Hi Ryan

    I appreciate your work. I wanted to know how I could buy bitcoins from Coinbase Pro rather than buying from coinbase. What is the process?

  6. Every time I try to send Orchid, OX or Basic from my Coinbase Wallet back to mt Coinbase Account, details come up saying that I need ETH to pay the miners fee to send this coin? There is a yellow symbol “i” next to all three of these tokens in my wallet, can anyone tell me what this means? How do I get ETH to pay the miners fee to send my coins???? Thanks

  7. Hi Ryan. I’ve been a holder up this point, but I think I want to try trading the swings for a minute. Looking for small gains, frequently… say $50 gains on $2k trades. Sounds like I need to use pro so I don’t get eaten up by fees. Is my thinking correct?

    • Hey Shawn! I def understand the want to do that. Either go with Coinbase Pro or head over to (depending on your state). Binance’s fees are WAY lower than Coinbase Pros even.

      • ok so im meant to be receiving btc refund the have told me go to a link to a escrow acc they gave me the loggin credentials i try to withdraw to my btc wallet its says i have to do a 20%deposit for kyc verificatiom and ill get it back. is this legit proper

      • but its through alpha group escrow wallet
        and then coin base login details the refund is my money but they fee im struggi ng with

      • withdrawl is 10,300 eur btc and fee is 20% is this right
        for kyc verification fee from alpha group escrow wallet and coinbase withdrawl to my btc wallett

  8. Interesting article. I still have a problem with Coinbase. I tried to transfer in my account GBP, but I can’t find the Faster Payment method. They only give the option to pay with debit card. Initially I tried to setup the account while I was in Austria. Changed the country, it was approved, but I still have in my account the address in England, but the Country still Austria. I wrote to customer service, but no help from them. So frustrating.

  9. You did not mention if Coinbase charges a fee if I cancel my buy or sell orders? I’m still unclear about this, after searching about this I come across your site, but nobody can simply answer this question, which I think everyone would want to know.

    • Hey Adam! Since Coinbase is basically a cryptocurrency stock exchange or a bank, I’m fairly confident to say that you cannot cancel a sell/buy and get a refund (and then fees).

      I also searched through Coinbase’s T&S and I could not find a refund/return policy on fees to make sure.

      All transactions are final.

  10. have you ever heard of this experience ? My sister went to open a coinbase acc,she signed up,then they wanted her funding method,she entered it,then they wanted a oic of he ID front and back,she did that,it was excepted,then they wanted a selfie ,she did that and it was accepted and then she went to the wrp page to purchase and BAM! Account deleted, Got an email that said the acc was deleted successfully and that they could no longer do business with her.She tried C.S. and couldn’t use it because she didn’t have an account.

    • Hey Joe! Yes, sadly, we have heard of this before. Something must have been off (like missing or inconsistent) with the application. I’ve always heard of famous cryptocurrency YouTubers getting their account closed as well. Coinbase is very much like a bank so they can approve or deny applicants for any reason they want. She could try Binance instead!

  11. Hey man, so I had 75k in my account.. I didn’t read the fine print and kept trading, like day trading. Well Coinbase kept saying each time fee is 0.00 and then I’d be out like 500 each time. Thing is I wasn’t paying attention to this as it was happening. Second the amount ode to coin base to become solvent is insane and they gave me 14 days. I know only have 4 days left and am about to sue. Please help

    • You’ll ever need to transfer it out and pay the mining fee (if you plan to hold it) or you’ll exchange it to cash for a fee to withdraw to your bank account. It’ll probably more expensive to use Coinbase to withdraw, but it will be the fastest.

    • I updated the article! Thanks, Same.

      “Next, click on “Portfolios” at the upper right area on the screen and then press “Deposit.” 

      After that, pick the cryptocurrency or funds you want to move over to Coinbase Pro. Once you pick this, you will then have the option to move the funds over from Coinbase.

      Now simply, enter in the amount of funds you want to move from Coinbase to Coinbase Pro, then when you want to withdraw it, you won’t have to pay any fees.”

  12. Hi Ryan.Good stuff you are putting up.Have BTC in Coinbase wallet.Cannot send to my Bitflyer.
    So,I tried the via Coinbase pro way you indicated above.No luck,as that platform not supported in Japan.So…how the xxxx do I get my BTC out of Coinbase.Close account maybe.??

    • I’d recommend getting a wallet off the exchange to send to first from Coinbase and then from that wallet send it to bitflyer. If you don’t have a hardware wallet, you should get one.

  13. In the past several days I have had 5 Limit buy orders filled on Coinbase and have been charged a fee for each trade. I thought Limit Orders were fee free. Can’t find any info on their site though. Did they change their fee structure or am I doing something wrong? I followed every step from an instructional YouTube video.

    • Hey Valerie,

      Unfortunately, Coinbase charges for all transactions now – even as a ‘maker’, you have to pay a trading fee due to an update to Coinbase’s terms on March 22nd, 2019.

  14. Hi Ryan, I hope you’re doing well.

    My name is Javier Medina I loved your article it has such a valuable information thank you very much for sharing. I also want to tell you that I recently created a Coinbase account. And I bought 1000 in Bitcoin. Now apparently I made 50k with that investment but the person who invited me to invest is asking me to pay 10% of those 50k in commissions but she is saying that I have to pay 5k out of pocket. Do you know if that is the way they carge the commission? I think this person is a scammer. I am a newbie in this type of investments. Thank you very much in advance for your attention and your time. Please help!

  15. I have been buying bitcoin on Coinbase Pro and have $3,000 in by portfolio. When I sell does this convert back to cash or bitcoin. I am trying to figure out how much it is going to cost me in commission to get my cash out. Thanks.

    • When you sell the BTC, it will convert into whichever currency you chose. BTC has multiple trading pairs so if you want to cash out, I would recommend the USD pair. It is free to withdraw your cash after paying the selling fees.

  16. Hey Ryan: I am in TX and unfortunately, Binance is not available for TX residents. Can you think of any other options besides Coinbase that I should consider?

  17. Hey Ryan! I am still confused about coinbase pro fees. Is it when you Buy and Sell you are charged a .5% fee? So if I buy BTC and then sell it for a .9% profit I will actually lose money?

    • Hey Garrick! You’ll always need to consider the fees when determining profits. And also, consider tax implications as well. If you plan to make some gains like .9%, I recommend moving over to Binance since their fees are so much lower.

  18. Ryan, recently I deleted my coinbase icon from the bar at the bottom of my screen! Reason was that is was so handy and I figured it was just as handy to someone trying to rob me!! Now, I have been unable to get back to my account!! It says it need to change my password!! I did that on the coinbase site, but they did not accept the new PW!? No reason, just not accepted?? I have tried a few times with same result!! The instructions they send me now, just run me around in a circle!! What can I do??

    • Hi Tammy!

      There are always fees to send bitcoin since the fees pay the miners/network to validate/verify the transaction as legitimate. The fees are quite small and can actually be adjusted based on how fast you need confirmation.

      In regards to sending BTC to an email – there are services like this out there. However, generally, you’ll be sending BTC to a ‘wallet’ (a long chain of numbers and letters or a QR code).

      I hope this helps! If not, let me know how I can clarify further.

      • Thank you for your response. I have another question. On Coinbase, when you send crypto to someone’s email, is it tied to the original sender in any way? Or is the crypto completely owned by the person who receives the crypto with no ties to the sender? I would like to give some people crypto for Christmas by sending to their email, but do not want my name tied to it in any way from the point that they receive it. What do they get in their email? Will it have my name, the sender, on it? Or is it now completely owned by them in their name? This should be my last question.

        • Hi Tammy! I have never personally done this before so I’m not sure and I don’t want to give the wrong information.

          My assumption is the email address you send it to will get an alert that you sent it to them. From there, they would have ownership of that BTC in the personal Coinbase account attached to the email address. If they don’t have an account, they’ll have time to create one and claim it.

          Now personally, I would buy them a hardware wallet and put them $50 or whatever on it. But this would be a bit more difficult and costly (but way safer!). I suppose it depends on how much you’re gifting.

  19. Hello sir , I read your article thats really help full for us. I have one question. Sir if I send $100 from coinbase to my friend wallet other than coinbase. How much fees they deduct from me ?


    • Hi Uzair! From my understanding, Coinbase doesn’t charge a fee to transfer to a different Coinbase wallet, BUT you do have to pay the network fee to withdraw from Coinbase and send to a wallet off the exchange.

      Previously, if you transferred your crypto to Coinbase Pro first and then sent it from Coinbase Pro vs Coinbase, it was completely free to do so. However, currently you do have to pay a small network fee.

  20. Hello, Ryan,

    Say I’d like to transfer from Coinbase to, say, Binance. Is the procedure to transfer from Coinbase Vault, where I have my coins stored, to Coinbase Wallet, then to Coinbase Pro, then from Coinbase Pro to my Ledger Nano S, and from there to Binance?

    • Yes!

      1. Get the crypto out of the Coinbase Vault in your Coinbase account wallet.
      2. Withdraw the crypto to your ledger (small network fee) OR send it directly to Binance (small network fee).

      **You’ll only pay extra fees with the steps above IF you send your crypto to your ledger and then to Binance (vs. CBP to Binance directly).

      I used to always send from exchanges to my wallet first and then to the next exchange – but lately, I’ve been going from exchange to exchange with no issues. Always test with small amounts first though to make sure the QR code or wallet address is correct.

      If you don’t have a Binance account yet, please us my referral code for or

      If you plan to buy crypto with the intention of sending it to your hardware wallet, use Gemini since you can transfers coins out of the exchange for free (up to 10x per month).

      • Thanks, Ryan. Would you, personally, if starting today, skip using Coinbase altogether and just go immediately with Binance?

        • Without a question if you plan to trade and buy/sell more crypto! The fees are so so so much better on Binance.

          If you are just holding long term, Coinbase is a safe place to hold your coin (for an exchange). BUT since you have a ledger, might as well store it there vs. Coinbase if that’s the case.

          • Again, thanks. Last question. If I wanted to convert crypto to fiat (US $) on Coinbase, should I do so on their site and suffer the fees, or is there a better option (e.g. transfer to Kraken, Binance, etc…)?

          • If you’re converting to fiat or stable coin (to buy back later or trade/reinvest), get the crypto over to since the fees are much lower.

            If you’re cashing out or taking profits in fiat, I would move the crypto from Coinbase to Coinbase Pro to sell it and then withdraw to fiat from CBP. There is no fee to withdraw cash via ACH on CBP. That will be the safest, quickest, and reasonably low cost.

          • What is the difference between converting to fiat and cashing out? Aren’t they the same thing, other than intention?

          • Converting to fiat can be considered just selling into cash on the exchange. Cashing out would be taking cash off the exchange.

      • Hi Ryan, loving your articles, I live in the UK and would love to get into crypto’s it seems the way forward, but I haven’t got a clue where to start. I have a £1000 what would you suggest? Thanks in advance.


        • Hi Mitch,

          I’m not a financial advisor nor do I give financial advice, to be clear. I am generally sticking to the top 10 best coins – BTC, ETH, ADA, DOT, LINK, etc. I find Ben Cowen to have the best information on the web for cryptocurrency – check out his youtube channel and specifically this video:

  21. Hi Ryan,

    Nice article!

    I’m currently holding some crypto in my Coinbase wallet and want to exit.
    So should I transfer to Coinbase Pro and sell, also based on your article I’m assuming there would be no transfer fees?

    Additionally, will there be a fee if I transfer from my coinbase Wallet to someone else’s coinbase pro?

    Or – should I could transfer to WazirX (owned by Binance now) and then sell from there? Would there be a transfer fee from Coinbase to Wazir X?


    • Hi Pari!

      There is no fee to transfer crypto from Coinbase to Coinbase Pro. It’s also instant. There will be a small fee to sell the coin on Coinbase Pro but compared to the fees on Coinbase it will be a WAY better option.

      There will be a fee (network fee) to transfer from your Coinbase wallet to someone else’s Coinbase Pro wallet. What you could do is send the crypto from your Coinbase account to their Coinbase account and then have them transfer the crypto from their Coinbase to their Coinbase Pro account to save on fees.

      I am not familiar with WazirX since it’s not available in the US. But the trading fee’s seem to be 0.2% so this is better than Coinbase and Coinbase Pro. There will be a network fee to send the crypto from Coinbase/Coinbase Pro to Wazir X. Depending on the size of your trade, you still could save on overall fees due to Coinbase/CBP having such high fees.

  22. Ryan,

    Would you not recommend using Coinbase Pro at all due to the fees or is there another particular reason. I been buying and selling on CB Pro and the only thing I don’t like is the maker and taker fee. Is that translated to Binance? Or Binance just charges you a flat fee per trade.

    Thanks for the help!!

    • Hey Maurice,

      This is purely based on fees. I personally love CBP due to it’s safety and legitimacy as a business. I mean they will be going public soon…

      But here’s the comparison for you… it’s drastic:

      Coinbase Pro Fees
      Coinbase Pro Fee Schedule Fees Fee Schedule

      I always keep some BNB in my account with Binance to keep my fees even lower.

      • Wow you are right. That is a considerate amount.

        Thank you my man, I really appreciate the help!!!

        What would be the best way to move the money over, I sold half of my position in BTC last week when it hit 40K (very happy about that). So, I want to move the money over to Binance but as a coin.

        What do you recommend ?

        • This may sound crazy considering the news recently, but XRP is the cheapest and fastest way to transfer between exchanges (in the short term). But you’d want to make sure you factor in any price changes whether up or down (and how fast you convert it).

          If you want do transfer in maybe a less worrisome coin, due to the SEC stuff with Ripple, I would use LTC since it’s very fast and low cost. ETH is great too but the gas fees are really high right now.

          The safest bet is USDT since it’ll hold your monetary value at the exact dollar while you figure out your next moves.

          BUT if you don’t plan to sell or trade or convert, just send it the coin as-is for simplicity.

          LASTLY, don’t forget about tax implications…. if you’re worried about that, just transfer your coins out as-is – the fees to move the cash will probably be less than your taxes.

  23. I found I have a tiny amount of Bitcoin in Binance. This is from a couple of years ago, but now they say no longer allow do business w US customers. I can’t transfer it out as crypto, and they only work w one US bank for transferring fiat. It’s called Silvergate located in La Jolla. Any advice? Don’t really want to leave $100 worth of Bitcoin in Binance. Thanks!

    • Hey Jeff,

      If you can’t transfer for the BTC out anymore, I guess your only option is to use Silvergate. I’ve never needed to do that before so I’m not familiar with this bank or process.

      I did however have to move all my trading from to a while ago. They gave me 14 days to get everything out.

      I have another account that just got put on notice 5 days ago (that I forgot about) that has some BCHA in it from an Airdrop but I can’t get that out due to the network being on pause so I’ll see what happens when my 14 days ends.

  24. Hey Ryan,

    I transferred my crypto from coinbase to coinbase pro so that I could reduce or eliminate the fees associated with transferring. The fee was the exact same whether I tried transferring from coinbase or coinbase pro. They are charging me $16 to transfer $100 dollars. I don’t see how that can be right. That’s so high. Am I doing something wrong? What am I missing?


    • Hey Jared!

      What are you trying to transfer out? Are you sending fiat to another exchange or your bank account? Or a coin to a different exchange/wallet? I can help once I have that info.

      • Hey Ryan, I was using Coinbase Pro last year because of the lower fees for buying any crypto with fiat, I noticed though that since January 1st, 2021 the fees on Pro are the same as the normal Coinbase for the Maker/Taker transactions. I guess Coinbase noticed what people were doing and made it all the same for the transaction fees between Coinbase and Coinbase Pro. Can you confirm? Thanks.

        • I’m still seeing a massive difference between Coinbase and Coinbase Pro.

          Coinbase charges a base rate and a variable fee that can with a US bank account will cost 3.99% for $1000 in BTC.

          Coinbase Pro looks like this way lower:

  25. Hey Ryan, Can you make a comparison on fees between Gemini and Coinbase (or Seems that Gemini charges a percentage on the spread, instead the others charge based on the amount of transaction. I cannot figure out which one is cheaper. Greatly appreciate your thoughts. Thanks.

    • Hey Matt! I plan to write about an article comparing the two. I do have a new article coming out soon directly talking about Coinbase Pro vs. Binance.

      But for now, here’s the breakdown…Gemini is cheaper than Coinbase and Binance is cheaper than Gemini. Gemini is simpler to use than but more expensive. Coinbase is the simplest to use though.

      I would do all crypto buying/selling/trading at due to their low fee model. Gemini is my second favorite though.

      Here’s my referral link for & Gemini if you need to sign up still.

      This is what $100 in BTC looks like on Gemini, Coinbase &

      For, the instant buy fee is 0.5% so at most your looking at $0.50 fee – talk about a massive difference (no helpful screenshot available due to how they show fees on! Now see the examples below…

      Gemini Instant Buy $100
      Gemini fees for $100 in BTC instant buy

      Coinbase Instant Buy $100
      Coinbase fees for $100 in BTC instant buy

  26. Hey Ryan,

    Quick question. I just moved .00282029 or $100 of BTC to an external wallet from Coinbase. Coinbase charged .00002699 or $1.25 for the withdrawal. My external wallet now has .0027993 BTC or $100.25 (dollar value of BTC increased slightly between time of transaction and my writing this), however my transaction summary shows the transaction was 2276 bytes which cost .00181940 BTC or $65.30. My muddled understanding of Coinbase’s terms is that they estimate transaction costs and include them in the network fee. Did Coinbase incorrectly estimate the transaction cost but still pay it? Should I expect the $65.30 to be deducted from my account some time in the future? I don’t understand how any of this adds up. This is the first time I’ve moved any BTC to an external wallet so hopefully it’s just something simple that I don’t understand.

    Thanks so much for all the info you put on your website. It is very helpful!


    • Hi Jesse,

      Thanks for sending me this question!

      I would assume you’re incorrectly reading something within your wallet because the transaction looks good to me.

      And a $65 fee would not make sense to send $100 for BTC.

      I am sure you will not be charged more down the road – you already paid the .00002699 to move the BTC out and now you’re coin is safe in your wallet.

      I can look at the transaction summary if you want to send me the information (hash, or block) – send it to if you want it off the site.

  27. Hi there, great article! Question, I would like to accept crypto as a form of donation for my non-profit, what would you suggest to minimize the transaction fee? After reading your post, I suppose I should (1) setup a coinbase (and pro) account, then ask the donor to transfer to my coinbase wallet. (2) move cryptos from coinbase to coinbase pro (3) liquidate from there and transfer USD to bank. Do I miss anything? Thanks!

    • Hi Ray!

      I would personally buy a hardware wallet (my recommended nano ledger x will be best) or set up a hot wallet (or better yet a cold wallet) for all your donations. I recommend this because these off-exchange crypto addresses will be static. Your crypto addresses on the exchange could change or update over time.

      If you do plan to turn the crypto to fiat rather quickly, I would then just set up a Coinbase and Coinbase Pro account. You can have them transfer the coin directly to your CBP account with the most updated address and then withdraw to fiat. You will not pay any fees with CBP to do this.

      I hope this helps!!!

  28. Hi Ryan,
    Thanks for your informative post as well as answering all these questions. I appreciate it!

    I’d like to DCA to cold storage in the EU, which means the withdrawal fees play an important role. What exchange would you recommend for this non-trading purpose?

    Also, I’ve been looking at SwissBorg. They accept DKK as fiat. Normally I have been exchanging DKK to EUR for buying crypto. SwissBorg would be easier in that instance. Do you have any opinion about them?

    All the best,

    • Hi Oliver,

      Normally, I tell people to use Binance where available but their withdrawal rates can be high so in your situation, it wouldn’t make sense.

      Coinbase does have very low withdrawal rates, BUT high buying fees. So you’d have to weigh out your options depending on how much you’re buying and withdrawing.

      You also have the option to buy crypto right in the Ledger Live app via Coinify. The fees seem pretty high but comparable to most platforms – worth considering for the super ease of use.

      Unfortunately, I am not familiar enough with SwissBorg to give you an educated opinion (being from the States). I will say though it looks like a great platform! Perhaps, I can add this to my list of topics to cover in future articles for my EU followers.

  29. You seem to like the Nano-X. I just got mine and started moving in small pieces from CB to Nano-X. First $10 move cost me $1.15 (net $8.95 to wallet). I thought “well it was such a small transaction the fees hurt”. So then I moved $100 and the fee was $11.55 (net $89.45 to wallet). Percentage the same! I started to move $1000 and it said $892 would go to wallet and I cancelled…
    Does this sound normal?

    • Hey BeeBob – this does not sound normal!

      I just moved 1 BTC a week or so ago and it cost 0.0000417 BTC – which was around $1.35 to move over $35K in BTC.

  30. Hey Ryan,
    I have about 40k in ETH I’m trying to sell. Bought it a long time ago on Coinbase and then left it for years. If I try to sell it all now and coinbase gives me a price that’s lower than the market rate (or what it says is in my portfolio) and then also tries to charge me about $600 in fees. I have a binance account because I transferred some of my ETH to binance a while ago to buy other smaller coins years ago. My bank account is connected to my Coinbase but I never connected it to my binance account (I’m not even sure if I can).
    I’m basically looking to sell everything and reduce fees.
    Love any suggestions you could offer.

    • Hey Sam,

      You should move that ETH over to Coinbase Pro and sell as a limit order. From there, you can withdraw to your bank account with no fee.

      The sell fee on Coinbase Pro will be A LOT lower than Coinbase.

      I think this would be the lowest fee route and the least amount of work/effort/risk.

      • Thanks for that. I did that in the end and without realising it they actually charged me .5% (even though it was a maker order of 54k). Coinbase took weeks to explain why they charged me that much and in the end said it’s about how much I had traded in the previous 30 days but does NOT include the current transaction). I couldn’t find that particular detail in their terms anywhere. Seems misleading to me but I’m guessing there’s nothing I can do…

        • I can definitely understand your frustration with that! Stuff like this is leading a lot of people to move over to different exchanges with better rates. Personally, I do not trade on CBP anymore. I stick with and Kraken.

  31. Hi, I just want to know about withdrawing funds. My trader is asking me to pay $776 as time extension fee to complete the withdrawal of my funds.. Is the tax fee correct? I can’t withdraw my funds because the fee is too much..

    • Hey Doie,

      I’m not too sure about this situation, but something seems off about it. I wish I could help, but this is out of my scope.

  32. Hi Ryan, I left the US for the winter and brought my ledger and trezor with me on the plane. In the air I realized if the plane crashed, all is lost in those wallets. Would you take that chance or what do you suggest I do when I return home. I brought them because I have to do my tax uploads directly from the devices.

    • Hey Kris,

      Do you have your secret passphrases stored away and/or memorized? If so, even if those hardware wallets disappeared right now, you’ll only need to buy a new one and use that secret seed passphrase to open the wallet back up again. So I wouldn’t think twice about it as long as you have the seed stored and saved somewhere SUPER safe.

      I recommend having a ‘fancy’ hardware wallet and then a cheaper version to keep two wallets with the same accounts linked. Keep the fancy one with you (one that maybe is Bluetooth) and then store away the backup that is as cold as possible for a wallet.

      Also, there’s some cool stuff out there to safely store the seed/passphrase. Personally, I use Cryptosteel cassette/capsules for that.

  33. Hi Ryan, I think you might be able to inform me as to why a very modest withdrawal (0.01 eth) from Coinbase to another much smaller exchange has cost me about 75% in transfer fees. A total sum of 0.017 eth! This transfer was purely to provide ‘fuel’ for other transactions I’m making on this exchange. In terms of British pound this is an £11.00 transfer costing around £8.00 in commission.
    Thank you!

    • Hey Tom,

      ETH network fees are at an all time high right now. Coinbase simply estimates what they expect it cost at that moment. Sadly, there’s nothing you can do besides hold and send it when fees dip.

      I have some ETH on CB and I want to move it to Binance but I don’t want to eat that fee right now. I’m just holding!

      One other option is to exchange into a coin like XLM or LTC to get off the exchange and then exchange it back. XLM is blazing fast and cheap. Only issue is potential tax implications (at least here in the US).

      • Hi Ryan,

        First let me thank you for the information and guidance you are providing…we are all grateful.

        You mentioned the tax implications in the article but didn’t go into much detail (understandable). Are you insinuating the tax implication of capital gains when trading swapping between coins at a profit?

        Best regards,

        • Exactly! If you trade from say ETH to XLM to then get the coin off of CBP over to Binance.US, you’ll need to pay taxes if you had any gains in that trade (or losses). So most of the time, you’re better just paying the higher fee vs. swapping coins. But hey, I’m not a financial advisor or an accountant so you’ll want to work those details out with them. Personally, I pay close attention to taxable events (and potential tax harvesting) so there are no April surprises for wife and me.

  34. Hey Ryan. Good info. I recently transferred ETH from Coinbase to my Nano S for the first time. I only transferred $25 for a test and was charged $12 in fees! Is this correct? I have more ETH to transfer but need to better understand the Coinbase fees before I do. Can u help?

    • Hi Jonny,

      ETH network fees are at an all-time high right now and Coinbase ‘estimates’ what they expect it cost at that moment. Sadly, there’s nothing you can do besides hold and send it when fees dip.

      Also, the fee itself is flat it seems across all withdrawals so the fee will be the same whether you move out 30 ETH or .5 ETH.

      Here’s what 5 ETH looks like:
      ETH withdrawal fees on Coinbase Pro

      As you can see it’s around 0.00516600 ETH to move that out – which is about $9 at the current price.

  35. Hey, did you notice that the Binance withdrawal fees are pretty high? Bugs me that I have to pay 0.0005 BTC to transfer my BTC from Binance to BlockFi, which is 22 dollars 🙁

    • Hi Nils,

      Network fees are extremely high across the board right! The only place Coinbase and Coinbase Pro win, fee wise, is that their estimated fees are generally on the lower end vs. the higher end.

      I’ve personally been eating up some major network fees transfering 85%+ of all my holdings to the Celsius Network to earn <-- i like them better than blockfi, personally.

      • Hi Ryan,

        So does that mean you are only keeping 15% of you holdings in your hardware wallets? I recently moved my largest holdings from Celsius to my HW wallet because I have the keys. With Celsius, they manage your keys through a third party (they have great poly-signature keys management but they still control your keys).


        • Hey Cody!

          Right now, yes – I’m not doing much buying/trading right now so I’m just letting my portfolio earn at the highest rates possible.

          I’m a huge fan of the Celsius project (leadership and use-case are 👌) even though it is centralized.

  36. Hi Ryan
    Are there any low cost cryptos that you would suggest buying at this stage to get some decent gains. For instance if I bought some ETH then I would need to invest a lot which I cant do.


    • Hey Hyder,

      It’s tough right now since ETH and BTC have diminishing returns as their market caps increase. I do think ETH has big moon potential still since it’s usually a market cycle behind BTC.

      I would focus on sub $1MM market cap coins that are legit projects with great leadership and a solid use case.

      But I am not a financial advisor nor is this financial advice – it’s just what I personally do when researching for best gains.

  37. Since Robinhood doesn’t allow you to transfer to other platform’s. If I sold everything I was trading on Robinhood, then waited for that money to land in my bank account (which would include all profits) and then instantly buy back that same amount on Coinbase, would I have any tax obligations?

    • Hey Joe! I’m not a financial advisor nor a certified tax specialist – BUT from what I know, yes, you would be paying capital gains on that Robinhood sell.

  38. Great article, thanks for the info! I would like to earn the Algo APY while I sit on that coin. I could basically buy on CB Pro, wait the hold then transfer to CB for free, then transfer back to CB Pro (also free) if I wanted to eventually sell? Is this a good way to avoid the high CB buy/sell fees and still earn the APY in regular CB?

  39. I have been trading for less than 2 mos and am still tring to learn. I wanted to purchase some BTC and move it to my wallet so I could then trade it on exchanges that won’t accept USD. I purchased a small amount BTC on Binance, however; If I want to move it to my wallet the fee is very high. Should I trade it for a different crypto and then move it?

    PS your reviews are great, especially for someone like me overwhelmed with questions. Thank You

    • Hi Henry! I generally move XLM or LTC out CB to exchanges since it’s super quick and low cost. I lean toward XLM these days.

  40. I am a baby boomer and curious about crypto. However I just don’t speak the language and am
    Easily overwhelmed. Is there a good “crypto for dummies” tutorial out there. Yes, I have read the actual article on the dummy site, but it assumes that you have a basic grasp of terminology.

    • Hi Cisco! Yes, there is a ‘network fee’ to send/withdraw all cryptocurrencies. The cost is the same whether in Coinbase or Coinbase Pro. Also, the cost is the same whether you send it to KuCoin or or Gemini…. because it’s a fee to use the network not a fee specific to the exchange itself.

  41. There are so many comments I don’t know if this has been asked. How do I transfer all of my crypto from Coinbase to Coinbase Pro without leaving “micro” amounts. Coinbase Pro forces you to round down to 3 decimal points or so, thus leaving a little bit left in Coinbase (which goes out to 6 or more). Then, there is no way to get the remaining amount out of Coinbase. For instance, I’m left with 2 cents in Filecoin on Coinbase because I couldn’t transfer the exact amount to Coinbase Pro.

    • Sadly, there’s no away around this, but to try to keep your coins at even increments. I have definitely left some spare change on CB.

  42. Hello Ryan,
    Thank you for this blog—I am new to crypto so this was my first transfer of a crypto from coinbase to my NanoS using Ledger Live.

    I moved around $180 worth of ETH from my coinbase wallet to my ledger and got charged .004221 ETH in the process. That seams very expensive, about $8 to send/receive $180 worth of ETH. See email transaction receipt below. Is this correct? Is this Network fee (Not really sure what that means) a percentage of the value of the transfer or was it a flat fee, that would have been the same regardless of how much I would have transferred? How can I lower this if it is a percentage because that’s is a large percentage just to send $180 worth of crypto.

    Congratulations! You have successfully sent 0.09115443 ETH to 0xCd17d2………..You can view transaction details in your Coinbase account. To facilitate this transaction, you paid 0.004221 ETH ($8.02 USD) in network fee

    • Hey Jeff, These are the network fees to use ETH so it’s not a fee paid to CB, but to the miners who are verifying the blocks. There’s no way around this, but to wait til the network is less congested and maybe the fees will be lower. The CB network fee is actually quite low compared to the real thing. One tip is to send less transactions and try to put all your ETH into one big transaction since the fee with CB is flat.

      Honestly, ETH fee is one of the issues that needs to be solved in the short and long term.

  43. This was a great site, very informative. I have been interested in Bitcoin since way back in the day when it was gong for $5,000, now at 11X that amount I am really wishing I “pulled the trigger.” Now you say there is a fee to own Bitcoin, but what if I buy it through ETRADE, I have funds in my online trade account and it would simply purchase it from there correct? ETRADE stopped charging fees to buy or sell stocks.

    • Hi!

      There’s no fee to own BTC – just fees to trade and transfer BTC.

      Unfortunately, I don’t think you can buy BTC on Etrade, but you can with Robinhood or Cash app.. or even Paypal.

      There are some funds though called GBTC but I think the commission fees are pretty high.

      I’d recommending opening a Coinbase account and buying from them to get started – it’s super simple. If you plan to buy more than $100 worth, this link will earn you and me both an extra $10: Sign Up Here

    • Hey Pete,

      It depends on where you’re sending the BTC from – and also, how congested the network is at that time.

  44. Hello Ryan, I see you were charged $1.35 to move 1BTC out of Coinbase.
    I was just charged £121.60 to send 0.142 BTC from Coinbase to my Ledger Nano X and Ledger live. What did I do wrong to get charged so much ? ( Date of transfer 23/2/21). Granted it moved in minutes – but I did not request that ( as far as I know). NB I have had this happen before too.

    • Hi Borras,

      Are you sure that was the cost? Did the ledger show the fee or was this the fee Coinbase said it was during the withdrawal process? I ask because Coinbase estimates the fee and usually it’s on the low end. But the ledger will say the actual costs Coinbase paid vs. what you actually paid.

  45. Hi Ryan,
    I just opened a Coinbase Pro account, but having difficulty depositing funds from my checking account. After I put in the amount, nothing happens and I don’t see any other button to click. Is there a minimum amount of money required to start buying crypto? I tried looking up the information but can’t find an answer. I also tried to call the support number, but it doesn’t connect me to a person. TIA

    • Hi! There is a $10 minimum deposit for Coinbase Pro so if you’re trying to deposit more into your account, I would assume it’s a browser or mobile app error.

  46. Crypto Ryan, thanks for this post! I am at the beginning of journey and learning.. Can you help with these two questions please:
    1) For small amounts of ETH from coinbase – I have realized I am paying at least $25 for each transaction. Is that the US ‘wire out’ fee? How can I minimize that? Coinbase Pro?
    2) For relatively small amounts again – should I buy using debit card or stick with a bank — my current problem is that bank is taking ~5 business days…

    • Howdy!

      1. The best you can do is wait till you hold enough ETH to then withdraw it for that fee. Unfortunately and/or fortunately, the fee to withdraw is the same for ALL-sized transactions. With Coinbase and just about any exchange, you’ll want to send out your crypto in bigger blocks to keep your fees low.

      2. I would stick with your bank and get verified to the highest level with your exchange. Currently, my account allows me to deposit right away and instantly use it to trade, but I have to wait I think like 5 business days before I can withdraw it.

      Another option to consider is using Gemini Active Trader. They allow 10 FREE withdrawals per month so that may end up saving you a lot on fees.

  47. Hello Ryan. Thanks for posting your very informative articles…I am a newbie having trouble and hope you can help. My plan is to eventually buy Theta. Being a US resident, I can’t just buy it directly. You have to buy Bitcoin or Ethereum and trade it for Theta. I am finding this a very complicated process. Can you advise on the best way to procede? Right now the plan is to buy Bitcoin or Ethereum from Coinbase and trade it for Theta on Simpleswap. Unfortunately, I keep running into one roadblock after another. It’s almost as if they don’t want this type transaction to take place. What would you do if you were starting from the beginning and wanted to buy Theta? Thank you.

    • Hi Mike,

      Another option (besides simple swap) is to create an account with Kucoin and deposit some USDT into your Kucoin account to buy THETA. You could buy the USDT from Gemini since Gemini has no withdrawal fees (up to 10 total withdrawals for free per month) compared to what Coinbase will cost. This could save you some significant cash/coin!

      If you want to use, you’ll need to have a Theta wallet ready. With Kucoin, you can keep it on their exchange until you do get yourself a wallet.

      If you want to just use Coinbase, I recommend using XLM as your trading pair since it’s a super low fee and very fast (vs. BTC/ETH).

      Let me know if you need me to expand on anything further for you.

  48. Hi Ryan
    I transferred £10 from blockchain to Coinbase for the first time as a trial move (new to trading)and was charged a further £10 for the privilege. This clearly isn’t viable in future. Is it related to being in the UK? What can I do to avoid this extreme fee.?

    • Hi Kenny,

      Fees are variable from all exchanges.

      Some networks are extremely fast and lean while others are slow and costly! I’d recommend looking into all the different coins on the markets that offer the better of those two.

      For example, I am a fan of using XLM for transferring between wallets since it’s so cheap and fast. There’s a lot out there to compare! Mostly likely, the most usable coins will succeed and the rest will fail.

  49. Hello Ryan I am new to cryptocurrency and just downloaded a crytpowallet from Coinbase. When I went to transfer my coins they were going to charge me $72 to transfer just the bitcoins and I don’t have that much. Does that sound right?

  50. This is a whole lecture, thanks a lot. However, I am looking for an App that is easier to use and charges no/low fees. I have been reading reviews and they all seems to cost a fortune. I am not looking to trade, I just want to invest for mid/long term. Could you recommend something?


    • Hi Onyi,

      I recommend Binance for the US and internationally. They key is not do ‘instant buys’ and purchase in the market to save on fees. Also, pay your fees with BNB to get an even lower rate.

      Here’s my referrals if you need to create an account:

  51. I see that you highly recommend Binance in your comments. But when I google Binance, for instance on Reddit, there are a lot of warnings to stay away. What is up with this?

    • Hey Eric,

      Binance was hacked a while back, which caused a lot of distrust of the platform. However, the stolen $40 million was backed and covered by Binance so no one lost any coin besides Binance themselves. At that time, the amount stolen was only 2% of their total assets so it was a bit of a blip in the road for them.

      The other reason maybe because it is located in Malta, but the US branch is located in San Fran.

      I’d say most of the warnings come from an overall distrust of foreign and unregulated exchanges as a whole.

      Personally, I do 95% of all my trading on and I do hold some DOT on Kraken to earn a 12% reward and use Celsius for earning interest on stable coins and my BTC/ETH I’m holding long term.

  52. Hi, I am in the UK and new to Bitcoin. After reading a bunch of reviews I am thinking of using Coinbase. Do recommend I hold my coins in a separate cold storage wallet or just use Coinbase’ cold storage. Also if I use my own is there a fee for transferring to my own wallet and then another one for transferring them back when I want to selll.
    Appreciate your help

    • Hi Jim,

      If you plan to trade short or mid-term, I would just keep your coins with Coinbase (and setup all your security very well).

      If you plan to buy and ‘HODL’, I would get it off the exchange onto a hardware/cold wallet. There is a fee to move your crypto from Coinbase to your wallet so you’ll want to do it in a large chunk to limit the fees (since CB charges a flat fee no matter how big it is). To move it back to Coinbase, you’ll pay whatever the network fee is at the time for that coin.

      Here’s an article I recently wrote about EU and UK exchange options:
      Best EU/UK Crypto Exchanges

  53. I live in Texas and Binance isn’t supporting Texas yet. Until Binance is an option, do you recommend Coinbase Pro or something else? Thanks.

    • Hi Mark,

      I would use If you use their active trader platform (just a switch in the account settings) vs. the normal version, their trading fees are much lower than Coinbase Pro. Also, they have up to 10 free withdrawals of coins per month!

      I use Gemini here and there in certain situations.

  54. Hi Ryan,

    Thanks for the article.

    I’m new to the crypto world and I used Coinbase initially. I have gradually been learning about various things, but the security aspect became very important to me as I read about online exchanges having been hacked. Consequently, I started storing crypto in my own wallets.

    I started to use Binance, because of the lower transaction fees, however I ran into an issue, which I will explain here.

    I had some small holdings in Coinbase, which I converted to BTC and transferred to Binance to purchase an altcoin. I had wanted to withdraw the resultant crypto to my own wallet, but as it was an ERC20 based token, the withdrawal fee amounted to 16% of the crypto I wanted to store in my wallet!

    The only way around incurring such cost is by trading the altcoins for a non-Ethereum based token before I cash out. However, that runs the risk of trusting Binance’s security while the crypto is stored with them.

    Is there any other way around this problem, so that I can store the crypto in my own wallet?

    I have a Binance Smart Chain wallet, but I don’t really understand it. I did read something about using BNB to pay for fees, but I don’t know if that would work with ERC20 based tokens.

    I would appreciate your comments.

    • Hey Brian,

      There’s no way around this problem. ERC20 tokens right now just have such insanely high gas fees that it makes it almost unusable at times.

      What I’m doing right now is stocking up on my ERC20 coins and waiting to bulk withdraw them from Binance or Coinbase when fees are lower or when I have enough to justify the network fee to withdraw.

      The other option is to move over to Gemini because you can withdraw for free up to 10x per month. However, my math generally shows that is still cheaper than Gemini and Coinbase when factoring in the withdrawal and trading fees.

      Another thing to consider is using BEP2 or BEP20 addresses (vs. ERC20) to move coins from to your Binance Smart Chain wallet. I’ve personally never done this so you will want to do further research.

      But honestly, is very secure – I wouldn’t be very worried about holding a decent amount of coin in your wallet with them when you’re ready to off-ramp to cash. Personally, I’m just about ready to sell some coins I bought last year and take some profits so I have a decent amount of long-term gain coins in my wallet (that I moved from my ledger for a pretty fee) right now with limit sells.

      In general, I only hold coins in my ledger or trezor (and now SecurX V20) when I’m holding them 3 months or longer since fees can add up. Otherwise, I feel safe with them on the exchanges for short term trading.

  55. The fee charged to transfer from Coinbase/Pro to my Ledger NanoX appeared quite high. Please explain….Ex. $138 fee for a 1000 transfer!

    • That’s the fee that Coinbase paid to transfer your coins to your Ledger. The fee you paid would have been stated by Coinbase while setting up the withdrawal as the ‘network fee’.

  56. Hi Ryan. I’m totally new to crypto and have spent all night reading on what we ‘should do’. It’s daunting. I just want to buy 1 BTC and be able to sell it and cash it in when I decide without waiting hours or days for the sale and for my Coins value to be converted and redeposited in my bank.

    I live in London, can you suggest where I go to get the BTC and which app you recommend.

    Do I also need a wallet to keep the BTC?

    Thank you 🙏

    • Hi Johnny,

      How soon would you expect to sell your BTC and cash out? I ask because if you’re holding long-term, I would buy the BTC from an exchange and then move it to a hardware wallet for safekeeping. When you’re ready to sell, you just send that coin back to your preferred exchange with a great fiat off-ramp and then sell it. Moving BTC from your wallet to an exchange takes like 10 minutes at most!

      If you want simplicity, I would buy the BTC on Coinbase Pro and just hold it in your Coinbase Pro wallet. Please, do make sure to put all the security features (2fA) on for your account for safety! And have a completely unique/complicated password.

      Here’s a guide I wrote about EU/UK exchanges:

  57. Hi Ryan, thanks for a insight into the trading costs using Coinbase. I just started last week in Crypto. Just playing around and getting a feel of dealing. How about the costs when tradingexchanging one coin for another. I believe charges are double? Charging for selling one coin and charges for buying the other. Am I correct?
    Regards, R

    • Hey R,

      No, you won’t pay double fees for trading between coins. You just get charged on the base currency/coin like USD, BTC, ETH, etc.

  58. Before you all jump to Binance under false pretences of low fees.. If I’m not mistaken, Binance charge a flat 0.0005BTC on all bitcoin withdrawals, so it depends on how much currency you are withdrawing and when. At present that 0.0005btc is about $30 (and growing), which is manyfold what you will pay on either Coinbase platform in your $100 withdrawal value example.

    • Hey Nic! You’re right – the withdrawal fees from are quite high if you want to move coins around in small amounts. It all depends on how much you trade and how much you move around your coins., Gemini, Coinbase Pro… each has its pros and cons. I use all three for certain situations – I usually use Coinbase Pro as my off and on-ramp. for trading. Gemini when I want to on-ramp with cash and move to a stable coin then to an exchange or interest-earning platform.

  59. I have a small amount of bitcon (.0289BTC) and a small amount of Ethereum(.213 ETH). Can I buy more ETH with my BTC? If so how?

      • Might help if you explain how to to use trading pair to do so and thank you for all your info I havent seen anyone help without asking for a subscription or price .

  60. Can I withdraw straight from Coinbase wallet? I’ve been charged mining fees. Is this because I moved some bitcoin from both Coinbase pro and Coinbase wallet? If I want to cash out do I have to move the bitcoin from Coinbase wallet to Coinbase and is there a charge for doing this? Thank you

    • Your Coinbase wallet is separate from your Coinbase ‘brokerage’ account. You’ll have to pay fees to send to the Coinbase wallet and from the Coinbase wallet to Coinbase to cash out. There will also be a fee to sell the coin, but NO fee to withdraw your cash to your bank account.

  61. I don’t trust they’re so many ppl locked out for numerous reasons like myself, I made a deposit of $200 “It was in my account” to I bought some BNB, next day they said they weren’t able to withdraw the $200 from my bank which I brushed off as an error bc there shouldn’t of been a problem. Found out I couldn’t trade or withdraw so I did a deposit again of $300 and they took their $200 and left my account locked. This was over a month ago, and what billion-dollar company doesn’t have a cust. service phone number?

    • Whoa! Sorry to hear about this! In general, you’ll see these types of issues with all the KYC exchanges. Luckily most people won’t have these problems, but the lack of customer service is terrible!

  62. Hi Ryan, 2 things. One what is the best way for me to get my crypto from coinbase to my Ledger X Nano with least fees? I want to hold longer term but may want to buy more crypto with fiat and once in a while take out a little profit in USD. Should I transfer to coinbase pro before sending to my Ledger for less fees? Binance does not seem to allow fiat purchases. Thank you, you info seems very clear.

    • Hi Judy,

      I’ve purchased from fiat with But I’m not sure about since it’s not available in the US. I believe though with you can use different international banks to on-ramp and off-ramp.

      Unfortunately, there’s nothing you can do about the withdrawal fees you need to pay to Coinbase to get the crypto to your wallet. Coinbase does have pretty low withdrawal fees so I wouldn’t worry about it too much. does have high withdrawal fees so add that to your list of pros and cons.

      Personally, I use Binance to buy and trade. And I just eat the withdrawal fees to trade at lower costs. But it all depends on your trading amounts. If you’re trading small amounts, might be your best bet. I’m writing a blog article about it right now. Basically, you can withdraw for free up to 10 times a month. Also, their trading fees are better than Coinbase but still higher than Binance – so for some, it could work better if you move coins around.

    • Hey Shane,

      Yes, technically you are trading one for the other so there’s a fee. Eventually there might be ‘atomic swaps’ for free off the exchanges.

  63. Hi Ryan, thanks for taking time out to answer all these questions from people.

    1)Can you please advise how much will Coinbase charge if I wanted to invest £20k in Ethereum?
    2) What are the fees for selling the Ethereum?

    Many thanks

    • Hi Rash,

      You’re looking at about £100 in fees to buy and then most likely the same to sell (depending on when you sell).

  64. I am very unhappy with Coinbase Pro at the moment. Completely disgusted in the whole thing actually. I dumped $100K into BTC, ETH, and LTC awhile back and now its worth around $500K…but the fees to get it out of Coinbase Pro are absolutely ridiculous. I think all told I’m looking at around $3K or $4K in fees. I’ve been trading stocks for years…never in my life have I paid fees like that to trade a security.

    • Hi Stanley,

      I feel you!!!

      Are you trying to sell all of your coins on Coinbase Pro or just withdraw them to a different exchange? I can help because I’ve been in your shoes before!

  65. Hi Ryan greetings from Korea.
    My noob friend is having issues figuring out how much to send me 100$worth of ETH I had her buy me and send to my wallet because coinbase keeps on saying there isn’t sufficient funds to send without showing how much it is etc. At least Korean exchanges show you upfront what the minimum amount you can withdraw is and deduct the coins from the amount you send but what’s with coinbase and crypto ( two exchanges I have tested so far) that dont even show the fees in advance ( was slammed with 50doge of withdrawal fee on a 100doge minimum transfer) . Am awaiting to be approved on a few other exchanges to see how they are ( binance taking forever).

  66. Hi Ryan.
    I started buying bits on coinbase recently and have been fairly fortunate to have built a portfolio of roughly £5000 from only a very small original input.
    In all i own 8 different assets.
    If i wanted to “cash out” would i have to pay 8 lots of charges?
    Thanks in advance from the UK

    • Hi Stuart,

      Well done! Yes, if you wanted to cash out, you would need to pay the selling fee for each transaction! I recommend moving that coin over to Coinbase Pro to lower your fees paid vs. on Coinbase directly.

  67. Hi Ryan – I made the mistake of selling some cryptocurrency on Coinbase, which then left it as a USD balance in my account. (Already tried their Customer Service portal to no avail). I was hoping to purchase a different cryptocurrency (when I originally sold I didn’t realize I could have ‘converted’ it instead.) Now when I start the process to ‘Buy’ additional crypto the only options are to withdraw money from my bank account to pay for it, instead of utilizing the existing USD balance in my Coinbase account. How do I direct the next purchase to use up the USD funds already in the Coinbase account?

    • Hi Lisa,

      You should be able to just buy with the USD in your account. If you’re on your desktop, click the blue ‘buy/sell’ and then ‘pay with’ and then pick your USD funds vs. your checking/savings.

  68. What about coinbase wallet?
    How do i avoid paying almost a quarter of an eth to transfer 2 AAV ORwhatever the caee may be.
    Convert 250 tether to USD it wanted almost $100 in eth!!!

    • Hey Jimmy,

      There’s nothing you can do – those fees are determined by the network. ETH is expensive right now to move, which is why there are lots of competitors out there trying to beat them.

  69. I tried…got all the way to the end, where you enter your state, and it froze. I tried again and again to no avail. At that point the law-of-insanity definition kicked in, i.e. doing the same thing over and over, but expecting a different outcome. I checked online and voila! Texas is not served by Seems like Binance could have stated at some point along the line that they don’t serve all states. Especially at the end there could be a banner or message of some sort, but no; it just froze.

    • Hey Joe,

      Ya, that’s frustrating! I dealt with that too when FL wasn’t allowed.

      Go with Gemini instead then! They service all states I believe – and their fees are perhaps even lower than

      Here’s my link to sign up: Gemini Sign Up

  70. Hi mate!
    I was just wondering what are the fees for converting one coin to the other on Coinbase and how much on Coinbase Pro.
    Thank you!
    You reply is much appreciated!

    • Hey Robert!

      Here’s what Coinbase says:

      Please note that Coinbase charges a spread margin of up to 2% for Digital Currency Conversions. The actual spread margin (the difference between the highest buy price and lowest sell price) charged varies due to market fluctuations in the price of Digital Currencies on Coinbase Pro between the time we quote a price and the time when the order executes.

      With coinbase pro, you just pay the ‘trading fee” which will be based on your trading volume. With coinbase pro, not all coins can be converted, they need to be a trading pair to do so.

  71. Hi Ryan,
    I have started with a small amount of money in Coinbase…
    The amount of cryptos one has remains the same. Only their value in Euros or Dollars changes (increases or decreases).
    My question is, when is the right moment to trade between coins in order to increase the amount of crypto coins in your wallet.
    Thanks !

    • Hi EB,

      Thanks for your comment! It depends on your goals, but generally, I’m usully trading coins to gain more of my main investments like BTC, ETH, LINK, DOT, AVAX, XLM, and more. I’d just pay attention to who has the best momentum and take advantage of it.

  72. Yes its ridiculous to need need to have 50$ of eutherum to move my 100$ of cartesi from my my coinbase wallet to coinbase actt or pro acct. Why are there so many people giving advice on which currencies to buy and trading advice but vey limited or nobody teaching online about the different networks and I had no clue why I need eutherem to move my cardano or cartesi between my own coinbase accounts . They say blockchain is supposed to solve banking fees but these fees are 5x worse than any bank fee or even credit card that wasn’t severely dilinquent

  73. Hi, I think your website is just what I’ve been looking for. Knowing nothing I need to educate myself quickly to understand cryptocurrencies. Am I correct in thinking that where you have mentioned USD and when selling, being in the UK would I just take these references and just change the methods or thinking to GDP? Like I say, a ‘baby boomer’. How’s the ‘Dummy’ book/report coming long. I need step by step advice to get to understand all the jargon surrounding crypto. Cheers

    • Hey John! That’s correct – just convert it for GDP.

      The cryptocurrency for baby boomers is coming along! I’ll be sending it to my Dad soon for approval 😀

  74. Hi Ryan, some great information here thanks for sharing your experience. I have been buying crypto through Coinbase Pro for just over a year now – my portfolio consists mainly of ETH but I also have shares in 6 or 7 other listed companies on Coinbase Pro. I don’t have a wallet because I am investing long term and don’t use crypto as a currency yet. I research and invest a little each month and my portfolio is slowly growing because I have not sold any of my investments. Would you recommend I have a wallet and convert my shares into coins and store them in my wallet or just keep things the way they I have it? I’m guess what I’m trying to say is what would be the benefit of having a wallet in my situation? I don’t use crypto currency for anything yet. Thanks.

    • Hi Kevin,

      The benefit of using a hard wallet vs. Coinbase to hold your coin is really about power and control. Currently, Coinbase has all your coins. If you took all your coins and sent them to your hardware wallet, you would have all your coins (not Coinbase). It’s basically the comparison between having your money in a bank or money in your personal wallet or safe at home.

      As I recommend, if you plan to not sell and just hold long term, put the coins on your personal hardware wallet. Here’s a helpful article to explain further.

      • I suppose the benefits of having them in your wallet is that you can also loan them out and make some interest on them too.

  75. Hello Ryan
    wondering if you have any knowledge regarding Coinbase account ? since I originally set up my account it lay dormant for many months until I was in a position to trade, now that I am trying to deposit into Coinbase it is not recognising the transaction and the money bounces back to my account and also states account restricted ?, I have been in touch with Coinbase who are not very helpful, should I just close down my account and recreate a new one, by the way I am based in the uk, any help with this matter would be much appreciated.

  76. Hi Ryan!

    I tried Coinbase Pro for the first time and transferred BTC into it. I left an order to buy 178 GRTBTC at 0.00001660. I was notified it was executed and it says the fee was 0.00001477. Doe this mean the fee was 89% on my order and my all in cost was 0.00003137?

  77. I want to send $3000 us$ Bitcoin using the RocketCoin ATM.
    The receiver is in Dubai. How much will the receiving person be charged to complete this transaction. ?

  78. I want to send $3000 US$$$ Bitcoin to a person in Dubai…using RockitCoin here in the USA. How much in fees cost to get the cash from Bitcoin in Dubai ?

  79. I’m a newbie looking at moving my crypto from Coinbase to a wallet. Am I better off moving it straight from Coinbase to Ledger or moving it to Coinbase Wallet first and then to Ledger? Is there a difference in Coinbase fees going to Coinbase Wallet versus Ledger?

  80. sup ryan – I see Im about a year later than these comments. Im going through the Voyager debacle rn and am planning to migrate to a Ledger Nano X shortly if they ever un freeze my crypto. I purchase BTC, ETH, USDC, and SOL weekly in $10-20 increments each. About $200 a month total, but weekly to DCA.

    I am curious if you have a recommendation on which exchange I should use that can both automate my purchases weekly but also transfer to my ledger I am going to order. I made an account on Binance US, FTX US,, & Kraken to test the crypto transfer fees (simulating a transfer to my ledger) and with $20 btc it seems to cost $3-4 on every app (20% fees)

    I know ledger has a partner coinify or something I haven’t looked into yet but just wondering if you had an idea of what would be cheapest / easiest automation of purchases?


    • Hey Mike! Sorry for the delay here – holy smokes, somehow I missed your comment.

      Right now, I am personal buying BTC from Strike and moving it to my Ledger once in a while. Withdrawls are free so it’s pretty great.

      I also use their direct deposit feature so it auto buys for me whenever I get paid or whatever.

      For other cryptos, it’s pretty tough to automate right now! But I think the SAFEST thing to do is buy from Coinbase and take the hit due to them being a public traded company.

  81. It appears Pro no longer exists, but Coinbase has advance trading feature with same fees and a new Coinbase One that is $29.99/mo but no fees.

  82. Great article, but still not sure if there is a no fee way to transfer my crypto from coinbase to my ledger wallet. Not keen on paying fees to just hold in another more secure wallet – since holding for long term. Fine with holding shorter term in Coinbase, that use for purchasing NFTs, but since pay fee to buy crypto, hate to pay fee again to just move it to my ledger wallet. I see through the ledger app can buy directly into wallet which will do going forward, but have about $20K (was sadly $60K last year) that want to move to Ledger. Confident it will return and grow that is why bought Ledger so can store securely in safe deposit box for added security.

  83. I’m a Coinbase Pro user. I’m accumulating BTC and purchasing a set amt daily. No fees daily but a $29.99 monthly charge. I’m also moving BTC weekly from Coinbase to a Ledger Nano X. How can I avoid that weekly transfer fee?

    • Not much you can do about the transfer fee.

      Right now, I am personally buying BTC from Strike and moving it to my Ledger immeditately. Withdrawls are free so it’s pretty great.

      I also use their direct deposit feature so it auto-buys for me whenever I get paid.

      I think the SAFEST thing to do is buy from Coinbase and pay the withdrawal fee as you are now.

  84. Hi Ryan,
    1. I live in NY and cannot use Binance.
    2. I have a Coinbase account (which is expensive) and have moved most of my crypto to my Ledger Nano S Plus.
    3. I only buy small amounts of crypto at a time <=$100.
    4. I am trying to find out the cheapest way to buy crypto to store on my Ledger.
    5. Should I buy a stablecoin on Coinbase and move it to Ledger and then buy others with it?
    6. Is it cheaper/easier to "swap" coins on Coinbase or Ledger Live? (Note: I cannot afford Coinbase Pro)
    7. For example…let's just say I wanted to buy $50 Litecoin and $50 Dogecoin. And I want it on my Ledger. What is the cheapest way to do that? I know some coins are cheaper to move than others and that is why I was asking about converting or buying $100 in a stablecoin first and using that to get Litecoin and Dogecoin. Or buy $100 Litecoin (which has cheaper exchange rates I believe) and swap $50 for Dogecoin?
    8. Sorry, I am inexperienced and very new to Ledger.

  85. I think you forgot to mention that when buy with a debit card there is an additional fee on coinbase, as with also. Apparently they claim the order books are lacking and charge another 1+% fee. They don’t tell the customers this directly. This is also a falsehood because the order books are loaded with sellers, is this illegal advertising and or theft?

  86. I had just been holding some bitcoin that I got with the account.
    And they started this “trade to enter for a chance at 25k”

    So I figured I’d do a few trades and there wasn’t at restrictions on the amount.
    And every day that you traded would enter your name again.

    So the first day I sold 1.00 worth of bit coin.
    The next day I tried to buy some and it said the minimum purchase was 2.00.
    So I sold another 1.00 worth and figured I just buy some the next day.
    3rd day I went to buy 2.00 worth and noticed I only had .02 in my account.
    That’s when I learned about their fee’s.

    I don’t remember seeing a “fees” when I made the trades.
    I guess I’m really glad I didn’t dump a bunch of money into coinbase.

  87. If fees are too high it’s hard to have a gain. I bought bitcoin through shake pay when it was trading for about 26000 they charge 28,000 plus and when I withdrew they did the same.

  88. Coinbase wallet asks me a daily fee of 3 per 100!! Is it possible or am I the victim of an incompetent agent or worse, a scam?

  89. Is there a imf fees when transfering crypto to other crypto platform

  90. Hi
    I purchased £100 of bitcoin on coinbase and moved it to a hard wallet. The next day I checked my assets in coinbase and it was as 2pence. Have I been hacked and that bitcoin stolen or has the amount been deducted because I moved it to a hard wallet?

  91. I am new to COinbase and purchased £100 of bitcoin. Left with around £97 in account. I paid someone £10 but now my balance is on £73. Can you explain why this would be the case?

    • Hi Simon! When you bought £100 in BTC, there was a £3 fee taken by Coinbase which left you with £97. Then when you paid someone n BTC, you have to pay a withdrawal fee as well to use the BTC network, which was probably around £2.

      I def recommend using Coinbase Advanced to lower your fees drastically. Alternatively, you could buy the BTC from Cash App or Strike App — these platforms buying and withdrawing fees are basically ZERO.

  92. With Coinbase pro fees for buying crypto at 0.4-0.6%, it seems the break even level is around £5,000. At this point it is easier to use someone like Although there transaction fee for sending crypto is a flat rate of 0.0006btc (around £20), there is no fee for buying crypto, so if sending crypto to an external wallet it is cheaper to use them.

    • If you want to get away from Coinbase, is a solid option. Or alternatively, you could buy the BTC from Cash App or Strike App — when using these platforms buying and withdrawing fees are basically ZERO! Strike just takes a small spread fee.

  93. We have a Scotia bank Euro account in Canada. They want ~5% to exchange Euro to Cdn back into a Cdn bank account. Can I use crypto and a reliable exchange to do this cheaper?
    If so which exchange and can you estimate the fees I would see on ~$10000? It seems reading this article that I should be able to get down to a few percent? ie minimal fees out of and into the bank accounts and standard sorts of maker/taker fees on the buy in Euro and then sell in Cdn.

  94. Hi Ryan

    Thanks for putting this really helful article together.

    A quick question if I may. A relative has a substantial number of FTM (brought at the start) with Binance & unfortunately UK banks no longer allow withdrawals. I also notice that the exchanges which are UK friendly do not support FTM on the Fantom Opera netwrk. With all this in mind can you recommend the best/cost effective cost effective way to start withdrawing 6 figure sums to a UK bank.

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