Fees comparison of Cryptocurrency Exchanges
Cryptocurrency Exchanges are different in a variety of aspects. One of those are important ones for each investor are fees. Let’s compare their schedule on the biggest and most trustful cryptocurrency exchanges:
- Binance
- CoinBase
Fees on Binance
Deposits
SEPA Deposit fee: NO FEE
Bitcoin (other crypto) Deposit fee: NO FEE
Payment card Deposit fee (MasterCard/Visa): +1,8% fee
Withdrawals
SEPA Withdrawal fee: +0,8 EUR fee
Bitcoin Withdrawal fee: 0,0005 BTC (23 EUR/28 USD)
Payment card Withdrawal fee (Visa): +1% fee
Buy & Sell and Trading
Trading fee (up to 50 BTC): 0,1% fee
Full list of fees for trading on Binance.
Fees on CoinBase
Deposits
SEPA Deposit fee: NO FEE
Bitcoin (other crypto) Deposit fee: NO FEE
Payment card Deposit fee (MasterCard/Visa): +3,99% fee
Withdrawals
SEPA Withdrawal fee: +0,15 EUR fee
Bitcoin Withdrawal fee: NO FEE
Payment card Withdrawal fee (Visa): +1% fee
Buy & Sell and Trading
Standard CoinBase Buy/Sell: 1,49%
Trading fee on Coinbase PRO (up to 10k USD): 0,5%
Trading fee on Coinbase PRO (10k – 50k USD): 0,35%
Trading fee on Coinbase PRO (50k – 100k USD): 0,25% TAKER fee / 0,15% MAKER fee
Trading fee on Coinbase PRO (100k – 1m USD): 0,2% TAKER fee / 0,1% MAKER fee
Please, note CoinBase fees vary on the originated Country of yours – the full list of CoinBase fees.
Full list of CoinBase PRO fees.
Which cryptocurrency exchange has lower overall fees?
It may look like Binance has much lower overall fees when you just compare them by the lowest overall exchange amounts BUT consider you want to move your Bitcoins to the safety of your hardware wallet!
This fact changes the situation because then you might pay much less while using CoinBase!
Taking into account some numbers and considering today’s BTC price around 50 000 USD, you will pay less on fees with CoinBase when your overall monthly exchange amount will not exceed 6000 USD.
Between 6000 USD and 10 000 USD, is better to use Binance!