Coinbase recently announced the rollout of a new feature allowing users to directly place coin-to-coin trades rather than going through an intermediary fiat step.
Previously, if a Coinbase customer wanted to purchase Bitcoin using Ethereum, they'd have to first sell their Ether holdings for USD, and then purchase Litecoin in a second transaction.
Normally, Coinbase normally charges a 0.50 percent fee on purchases and sales, or a flat fee ranging between $0.99 to $2.99, whichever is greater.
For digital currency conversions Coinbase charges a 1.00 percent fee.
1,000 Litecoin converted to fiat at 0.50 percent incurs a $5 fee.
Coinbase plans to make coin-to-coin conversions available in thirty-four countries with "Native payment access." The procedure will allow Coinbase to gather additional feedback and tweak the service accordingly.
The best solution to reducing fees and maximizing returns is to open a Coinbase Pro account.
On Coinbase Pro-makers, or those placing limit orders-are not charged any fees.
For retail customers, Coinbase recently added zero-fee PayPal withdrawals.
Coinbase is poised to secure the the United State's retail crypto market.
Fee Analysis for Coinbase's New Crypto-to-Crypto Conversions
에 게시 됨 Dec 18, 2018
by Cryptoslate | 에 게시 됨 Coinage
Coinage
이 기사에서 언급
최근 뉴스
모두보기
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.