How Much Does It Cost to Sell Bitcoin on Coinbase?

When selling Bitcoin on Coinbase, the costs can vary depending on a number of factors including the method of sale and the volume of the transaction. Coinbase primarily charges two types of fees: a spread fee and a transaction fee.

1. Spread Fee: Coinbase charges a spread on the price of Bitcoin, which is typically around 0.50%. This fee is included in the price you receive when you sell Bitcoin. The spread fee can fluctuate based on market conditions and liquidity.

2. Transaction Fee: In addition to the spread fee, Coinbase charges a transaction fee. This fee is based on the amount of Bitcoin being sold and the method of payment. For transactions made using the standard online platform, the fee is usually a flat percentage of the transaction amount plus a fixed fee depending on the transaction size.

• For transactions under $10: $0.99 fee
• For transactions between $10 and $25: $1.49 fee
• For transactions between $25 and $50: $1.99 fee
• For transactions between $50 and $200: $2.99 fee
• For transactions over $200: a percentage fee that varies depending on the amount and payment method

3. Additional Fees: Coinbase also has fees for using advanced trading tools and services. For instance, if you use Coinbase Pro, you may encounter different fee structures which are generally lower than the standard platform.

Example Calculation: Suppose you want to sell $1,000 worth of Bitcoin. Here’s how the fees could break down:

• Spread Fee: 0.50% of $1,000 = $5.00
• Transaction Fee: If you are selling more than $200, the transaction fee would be a percentage of the total amount. For example, if the fee is 1.49%, you’d pay $14.90.

In total, you might end up paying around $19.90 in fees to sell $1,000 worth of Bitcoin on Coinbase.

Conclusion: When selling Bitcoin on Coinbase, it is important to factor in both the spread fee and the transaction fee. These costs can impact the total amount you receive from your sale. By understanding these fees, you can make more informed decisions about your transactions and manage your costs effectively.