Coinbase trading fees

Trading Fees

Coinbase Exchange uses a maker-taker fee model for determining its trading fees. Orders that provide liquidity (maker orders) are charged different fees than orders that take liquidity (taker orders). Fees are calculated based on the current pricing tier you are in when the order is placed, and not on the tier you would be in after a trade is completed.

When you place an order at the market price that gets filled immediately, you are considered a taker and will pay a fee between 0.05% and 0.60%. When you place an order which is not immediately matched by an existing order, that order is placed on the order book. If another customer places an order that matches yours, you are considered the maker and will pay a fee between 0.00% and 0.40%.

When you place an order that gets partially matched immediately, you pay a taker fee for that portion. The remainder of the order is placed on the order book and, when matched, is considered a maker order. You pay a maker fee for this remaining portion of the total order.

Please note that the pricing tiers can take some time to update. For future orders, we recommend checking your fee tier before you trade to ensure you are in the updated pricing tier.

Tier	Taker Fee	Maker Fee
$0K-$10K	60bps	40bps
$10K-$50K	40bps	25bps
$50K-$100K	25bps	15bps
$100K-$1M	20bps	10bps
$1M-$15M	18bps	8bps
$15M-$75M	16bps	6bps
$75M-$250M	12bps	3bps
$250M-$400M	8bps	0bps
$400M+	5bps	0bps

Stablepair Fees

Stablepairs, or a price quotation between two cryptocurrencies where the price is designed to be pegged to an external reference such as USD (in the case of USDC) or BTC (in the case of WBTC), play an important role in the crypto ecosystem by allowing users to benefit from multiple funding options and instant settlement. When you place an order for Stablepairs, the maker will pay a fee of 0.00% and the taker will pay a fee as outlined in the fee table below.

Liquidity Program Tier	Stablepair Taker Fee
Tier 1	0.10bps
Tier 2	0.15bps
Tier 3	0.20bps
Tier 4	0.30bps
All other Exchange users	0.45bps

How are taker fees calculated?

Your taker fees are based upon total USD trading volume over the trailing 30-day period across all order books. Transactions made on books quoted in USD, e.g. BTC-USD, are counted as the total USD amount of each filled order.

Transactions made on non-USD books are converted to USD based on the most recent fill price on the respective book. For example, a purchase of 1 ETH on the ETH-BTC book will be immediately converted to a USD equivalent based on the most recent fill price on the ETH-USD book.

Fees for Nondisplayed fills

With the introduction of the Iceberg order type, fills can now occur as non-displayed under certain circumstances. This can take place when:

• An Iceberg order is executed as a taker.

• The Iceberg order is resting in the non-displayed book, and a significant taker order clears all displayed orders, eventually executing against this non-displayed order.

All such non-displayed fills will be charged based on your standard taker/maker fee rate, with an added 0.5 bps. Fees may be subject to change.

Fiat Deposit and Withdrawal Fees

	Deposit Fee	Withdrawal Fee
ACH	Free	Free
Wire (USD)	$10 USD	$25 USD
SEPA (EUR)	€0.15 EUR	Free
Swift (GBP)	Free	£1 GBP

Miner Fees

To ensure a smooth experience for our customers and reasonable transaction processing times, Coinbase Exchange will charge a fee based on our estimate of the network transaction fees that we anticipate paying for each transaction. In certain circumstances, the fee that Coinbase Exchange pays may differ from that estimate. All fees we charge will be disclosed at the time of your transaction.

USDC to USD Conversion Fees

Coinbase Exchange will assess a fee on USDC to USD net conversions in excess of $60 million per rolling 30-day period.

USDC to USD Conversion Fee Table

Net Conversions*	Standard Fees	LP Tier 2 Clients	LP Tier 1 Clients
Up to $60 million	0%	0%	0%
> $60 million to $150 million	0.10%	0.05%	0%
> $150 million to $500 million	0.20%	0.10%	0%
>$500 million	0.30%	0.20%	0%

*Net conversion is calculated by subtracting the total USD to USDC conversion volume from the total USDC to USD conversion volume over the past 30 days and is combined across all related client accounts.

Example:

On Feb 5, Client ABC converts $100 million USD to USDC. No fees are assessed.

On Feb 8, Client ABC converts $300 million USDC to USD and the rolling 30-day net conversion is $200 million ($300 million - $100 million). Client ABC will be assessed fees on the $200 million net conversion as follows:

• $60 million at 0% fee

• $90 million at 0.10% fee

• $50 million at 0.15% fee

Fees will be assessed directly from the USDC to USD conversion amount.

Members of the Coinbase Exchange Liquidity Program who have qualified for Tier 1 as outlined in the eligibility criteria are exempt from USDC Conversion Fees for any month they meet eligibility.