What are the fees for buying and selling cryptocurrencies on Kraken and Coinbase, and which platform offers better rates?

3 answers

• madixDec 26, 2022 · 3 years ago
  When it comes to fees for buying and selling cryptocurrencies on Kraken and Coinbase, it's important to consider several factors. Coinbase charges a fee of 1.49% for each transaction, while Kraken's fees range from 0% to 0.26% depending on the trading volume. However, Kraken offers lower fees for high-volume traders, making it a more cost-effective option for frequent traders. Additionally, Coinbase has a convenience fee of 3.99% for credit/debit card purchases. Overall, if you're a casual trader or prefer the convenience of credit/debit card purchases, Coinbase might be a better choice. But if you're a high-volume trader looking for lower fees, Kraken is worth considering.
  682

  341
• camelCasedOct 28, 2022 · 3 years ago
  Let's talk about the fees for buying and selling cryptocurrencies on Kraken and Coinbase. Coinbase charges a fee of 1.49% for each transaction, which is relatively high compared to other exchanges. On the other hand, Kraken offers a tiered fee structure based on trading volume. The fees start at 0.16% for makers and 0.26% for takers, and they decrease as the trading volume increases. This makes Kraken a more cost-effective option for high-volume traders. However, it's worth noting that Coinbase provides a user-friendly interface and a wide range of cryptocurrencies, which might be appealing to beginners. So, the choice between Kraken and Coinbase depends on your trading volume and preferences.
  702

  234
• dezanewoods9572Oct 09, 2020 · 5 years ago
  When it comes to fees for buying and selling cryptocurrencies, Kraken and Coinbase have different fee structures. Coinbase charges a flat fee of 1.49% for each transaction, regardless of the trading volume. On the other hand, Kraken offers a tiered fee structure that depends on the trading volume. The fees range from 0.26% for takers to 0% for makers, with lower fees for higher trading volumes. If you're a high-volume trader, Kraken might offer better rates due to its lower fees. However, it's important to consider other factors such as user experience, security, and available cryptocurrencies. Each platform has its own strengths and weaknesses, so it's recommended to evaluate them based on your specific needs and preferences.
  736

  184