Comment
Author: Admin | 2025-04-28
4) Once you have done this, press the “Preview buy” button. Coinbase will now offer an exchange rate and detail the service fee for the card purchase. If you press the “Buy now” button, Apple Pay will pop up on the phone so that you can confirm the purchase. Coinbase charges & feesCoinbase has faced criticism for what some claim is a confusing fee structure. The exchange calculates its fees at the time of order placement based on a combination of factors. This includes factors such as location, payment method, order size, and market conditions. U.S.-based users buying crypto on Coinbase via Apple Pay face a 3.99% conversion fee. That might be enough to deter some investors from using Apple Pay on the platform. Users also pay spread fees and maker-taker fees to compensate Coinbase for its market-making activities. This can be up to 2%. Coinbase charges 1% on crypto withdrawals. That comes on top of the standard network fees crypto users must pay to process their transactions on the blockchain.Pros and cons of buying crypto using Apple Pay on Coinbase ProsConsConvenience: Buying Bitcoin via Coinbase using Apple Pay is ideal for retail investors looking to make small, ad hoc crypto purchases. The platform’s mobile app is one of the most user-friendly on the market. . Less suitable for large purchases: Crypto purchases using Apple Pay are limited by the daily transaction limit of the associated debit/credit card. Coinbase recommends bank account/wire transfers for those looking to make larger crypto purchases than their daily debit card limit enables. Range of assets: Users can use Apple Pay to buy any of the cryptos that trade on the Coinbase exchange. Limited Apple Pay usages: It can only be used to buy cryptocurrency directly. Apple Pay cannot be used to add cash to your Coinbase account, withdraw cash, or sell crypto.Easily earn yield on crypto assets: For example, the platform allows users to easily stake their ETH and SOL coins for 4% APY. Users can also benefit from a variable APY via Coinbase’s DeFi Yield product on their DAI and USDT holdings.High transaction fees: 3.99% service charge on card purchases is amongst the highest of the major crypto exchanges. Its other fees (market making and crypto withdrawal) are also high by industry standards.3. Crypto.comCrypto.com is a Singapore-based cryptocurrency exchange and financial services platform founded back in 2016. The platform boasts over 50 million
Add Comment