Coinbase One - Zero trade fees?

[eddie13]

Anyone using this yet?

It seems to be for the regular Coinbase account (not pro), and gives you zero fees for $30 a month..

But regular Coinbase is market trades only and they still get your spread I think..
They probably have a spread bit of their own to make that profit.. You think?


If they had this for CB Pro I’d probably be all over it.. I LOVE zero fee trading because I can make tons of tiny % gains quite easily (usually)..
HUOBI with small margin both ways and zero trade fees was like exchange paradise..

Wash trading, fake volume, whatever you want to say about zero fee exchanges, it is what works the best for my trading style..

What say you?


BTW trade fees on CB are high..
When I use CB I always transfer to CB Pro and use that for less trade fees and use limit orders instead of market orders to further reduce my fees..

Cash app is really the easiest way for me to buy instantly without having a USD balance sitting on CB or whatever, but cash app fees are insane high..
$30 fee on a $2000 buy on cash app.. ridiculous!!!

[NeuroticFish]

and gives you zero fees for $30 a month..

Binance has now some 0 fees with no monthly fee either (for their 5 years anniversary), but I don't know how long will it last.
I don't like it exactly for the opportunities this gives to those who want to manipulate the market (wash trading, fake volumes, you know the drill).

[Oshosondy]

It seems to be for the regular Coinbase account (not pro), and gives you zero fees for $30 a month..

I am not a Coinbase user, but I thought Coinbase Pro and Coinbase.com has been merged. I checked Coinbase pro on Coinmarketcap and it is now named Coinbase exchange.

HUOBI with small margin both ways and zero trade fees was like exchange paradise..

Are you sure there is zero trading fee on Huobi? It was not so the last time I checked. Only the exchange I know that have zero trading fee is Binance.US, but maybe some other exchanges have it too.

Binance has now some 0 fees with no monthly fee either (for their 5 years anniversary), but I don't know how long will it last.
I don't like it exactly for the opportunities this gives to those who want to manipulate the market (wash trading, fake volumes, you know the drill).

I saw when CZ proposed zero trading fee on Twitter, which means it was supported by the community, yet wash trading or something like that was talked about which some traders can use to manipulate the market.

[eddie13]

I don’t really care about market manipulation..
This is crypto..
Attempting manipulation itself is risky.. Just a trading strategy to me..
I don’t care if they put a million BTC fake volume on a shitcoin and fling the market all over the place.. Might be something I can take advantage of as a trader actually..

I miss the old spread bots that book hopped, I could milk satoshis out of all day..
I could push their buy orders up by making them hop me, then sell on em, then push their sell orders down the same way and buy on them..
Could push them back and forth and literally take their coin, heh..
Their probably isn’t much like that these days..

I meant huobi back in like 16-17 before they banned US traders..
I haven’t looked in a long time..

Last I knew also I couldn’t use binance anymore because I was a US trader..
I haven’t kept up with them in a long time, since that happened..

After being booted from almost every exchange back in the day because I’m from the US, I kinda got out of the exchange hopping thing..

I still use CB pro on mobile, and it hasn’t changed recently..

I don’t really trade or use exchanges anything like I used to, but I may think about getting back into it..
FTX sounds interesting but I haven’t really checked into that either..

Just got these notifications for CB One so figured I’d ask the community about it..

I’m not the hugest fan of CB, but I have been using CB since 14, and gdax, and pro, etc..
It’s definitely not the best by far but it’s like old reliable..

[BitMaxz]

I think this is just for the marketing strategy to attract other traders to switch to Coinbase it is just likely the same as other exchanges doing. If you remember the FTX exchange which is no trading fees before and free withdrawal.

I am not a Coinbase user, but I thought Coinbase Pro and Coinbase.com has been merged. I checked Coinbase pro on Coinmarketcap and it is now named Coinbase exchange.

Never heard that they are going to merge I have the Coinbase app but currently, it's not yet pro. If you search a bit on Google the result only leads you to a guide on how to transfer funds from Coinbase to pro and nothing else. So merging between that two is fake news.

[eddie13]

I hear they are going to merge too..

CB and CB pro are/were definitely different sites/apps..

CB Pro is what GDAX used to be..

[Oshosondy]

Binance has now some 0 fees with no monthly fee either (for their 5 years anniversary), but I don't know how long will it last.

I have just found out about this on my Binance account.

Selected BTC Pairs: 0% Fee
BUSD Maker: 0% Fee

Other Pairs
Maker: 0.07500%
Taker: 0.07500%

Future trading pairs are still as usual, fee are still charged in percentage for all pairs.

Never heard that they are going to merge I have the Coinbase app but currently, it's not yet pro. If you search a bit on Google the result only leads you to a guide on how to transfer funds from Coinbase to pro and nothing else. So merging between that two is fake news.

Probably they are not yet merged, but not a fake new.

https://blog.coinbase.com/hello-advanced-trade-goodbye-coinbase-pro-5b0715b03ef0


It was Coinbase Pro on Coinmarketcap before, now Coinbase exchange. I am not a Coinbase user, so I do not know if they are merged yet, but as Coinmarketcap changed the name, that got me thinking they are now merged, but I may be wrong.

[Potato Chips]

But if we're paying $30 per month, then it's not actually a zero trading fee, no?  This also means it's not for people who don't trade much, they could be paying $30 for a few dollar worth of trade fees. As you can guess, they earn from their spread as well which I'm guessing would still be present.

[mk4]

If they had this for CB Pro I’d probably be all over it.. I LOVE zero fee trading because I can make tons of tiny % gains quite easily (usually)..

Wait, isn't Coinbase getting rid of Pro by merging it to the main Coinbase?

Binance has now some 0 fees with no monthly fee either (for their 5 years anniversary), but I don't know how long will it last.
I don't like it exactly for the opportunities this gives to those who want to manipulate the market (wash trading, fake volumes, you know the drill).

This is only for BTC/USD trading pairs as far as I know, so you're still going to be paying for fees if you're trading other pairs.

[Oshosondy]

Binance has now some 0 fees with no monthly fee either (for their 5 years anniversary), but I don't know how long will it last.
I don't like it exactly for the opportunities this gives to those who want to manipulate the market (wash trading, fake volumes, you know the drill).

This is only for BTC/USD trading pairs as far as I know, so you're still going to be paying for fees if you're trading other pairs.

Also for BUSD market makers.

For trading pairs, just for spot trading pairs, future and option trading pairs are not included.

[dkbit98]

It seems to be for the regular Coinbase account (not pro), and gives you zero fees for $30 a month.

I think it's not worth it to spend $30 per month or $360 per year for this, and this looks like a desperate move from Coinbase to regain some of their volume they lost in last couple of months.
Most of that volume in Bitcoin was transferred to Binance exchange, according to chain analytics stats I saw few weeks ago, but I am not a fan of both exchanges.
I think that FTX exchange was also offering free maker fees (for staking 25 FTT tokens) and plus you have zero fees for withdrawing Bitcoin and most other coins from their exchange, that is a very good deal.

[suchmoon]

I think it's not worth it to spend $30 per month or $360 per year for this, and this looks like a desperate move from Coinbase to regain some of their volume they lost in last couple of months.

Depends. I spend $50-100 in fees on CB Pro so I might give this new thing a try.

Most of that volume in Bitcoin was transferred to Binance exchange, according to chain analytics stats I saw few weeks ago, but I am not a fan of both exchanges.
I think that FTX exchange was also offering free maker fees (for staking 25 FTT tokens) and plus you have zero fees for withdrawing Bitcoin and most other coins from their exchange, that is a very good deal.

The problem with switching to another exchange is having to go through anal probing KYC again, I wouldn't do that to save $100 or $30 in fees.

[mk4]

I think it's not worth it to spend $30 per month or $360 per year for this, and this looks like a desperate move from Coinbase to regain some of their volume they lost in last couple of months.

Most likely not if you're a peaceful DCA type of guy with not much buying power, but it's definitely worth it if you're an active trader. Exchanges in general are making a killing from exchange fees alone.

With days where I actively trade, $30 can easily cover just a single day of trading fees; and I'm not even anywhere close to being a whale.

[Oshosondy]

The problem with switching to another exchange is having to go through anal probing KYC again, I wouldn't do that to save $100 or $30 in fees.

Even people that are not day traders and that are not trading derivatives will prefer your options if they do not most of the time have coins on exchanges, they have the coins on their noncustodial wallet and they do not trade often.

With days where I actively trade, $30 can easily cover just a single day of trading fees; and I'm not even anywhere close to being a whale.

That is not a lie, but it depends on individuals. Like me, I will prefer a $30 monthly charges if using up to $5000 to trade actively daily, but that is future trading though. Exchanges are really making what we think is a small percentage to make money in just a single day, with very low amount single trade on Binance while trading derivatives, $5000 worth of trading amount will deduct almost $2 for makers and $4 for takers if not more. Some traders can open and close two or more positions daily. But that for trading derivatives which requires lower trading fee percentage if compared to spot trading except that future traders can leverage more which will also have more trading fee in amount.

But this will depends on individuals.

[stompix]

But regular Coinbase is market trades only and they still get your spread I think..
They probably have a spread bit of their own to make that profit.. You think?

Yes:

A Coinbase One beta subscription does not apply to Advanced Trading, Coinbase Pro, or Prime Broker. Coinbase includes a spread in the price when you buy or sell cryptocurrencies or in the exchange rate when you convert cryptocurrencies.

If they had this for CB Pro I’d probably be all over it..

As above, not going to happen right now, at least not with this beta.

I LOVE zero fee trading because I can make tons of tiny % gains quite easily (usually)..
Wash trading, fake volume, whatever you want to say about zero fee exchanges, it is what works the best for my trading style..

It's not unlimited trades:

There's a fee-free trading volume limit. When you trade over this limit, you're responsible for paying regular trading fees. The limit can be found in your account settings.

So probably you will get the same deal as in an all you can eat menu for 30$ but they will stop serving you anything other than water when you go over 50$.
Oh, and it's a recurring charge, if you forget about it you might end up getting charged month after month for nothing.

[eddie13]

And their is a limit?
Hmmm

Yeah it’s probably just a scheme for them to take in more fees, by giving you a small limit for it, and to hook people on the recurring charge that as said they will forget about..

[mk4]

And their is a limit?
Hmmm

Yeah it’s probably just a scheme for them to take in more fees, by giving you a small limit for it, and to hook people on the recurring charge that as said they will forget about..

Apparently, there is a limit. Weirdly enough the limit is not stated on the Coinbase One beta page.

"There's a fee-free trading volume limit. When you trade over this limit, you're responsible for paying regular trading fees. The limit can be found in your account settings."

https://help.coinbase.com/en/coinbase/other-topics/coinbase-one/account

[Pmalek]

If it wasn't worth it for Coinbase, they wouldn't even offer something like that. No trading fees as long as you pay $30 to pay no fees.
I am pretty sure those limits are set considering the average trading amount of each account. That's why they are different for everyone. If you are thinking you will pay those $30 and save hundreds in trading fees per month by trading even more than you normally would, you will probably notice that you have reached your limit and you are back paying standard trading fees again.     

[eddie13]

Yeah..
CB goin the way of yobit..
Scammy fee deals and shilling scammy shitcoins..

I really didn’t like when CB started adding altcoins, and now has tons of shitcoins..

[eddie13]

So advanced trading HAS come to regular Coinbase (not pro).

Looking at this Coinbase One zero trade fees deal..
It does NOT apply to advanced trade on Coinbase! So you would still have to use their shitty buy/sell feature that is like market orders with an unknown spread, so you still lose the spread..

AND it’s only good to “Trade up to $10k monthly with zero trade fees”..
$10k volume per month is like nothing if your actually trading..


So basically this is pretty much a trash offer bordering on a scam..