Hi everyone, I’m new to Coinbase and interested in trading VET. I was wondering if someone could tell me whether Coinbase charges any fees when I place a limit order for Vechain? Also, how do these fees compare to market orders?
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For limit orders that add liquidity to the market (orders not filled immediately), you’re classified as a ‘maker,’ and typically, these orders incur lower fees. Conversely, if your limit order is executed immediately, you’re tagged as a ‘taker,’ which might attract a slightly higher fee due to the immediate liquidity reduction.
Comparatively, market orders, which are executed instantly at the current market price, always classify you as a ‘taker,’ and thus, are subject to taker fees. These fees are calculated based on your trading volume over a 30-day period, with the fee percentage decreasing as your volume increases. It’s worth noting that for high-volume traders, Coinbase Pro offers a more competitive fee schedule.
Additionally, if you’re a Coinbase One subscriber and remain within your monthly trading cap, you could enjoy zero fees on your limit orders. However, exceeding this cap would result in standard fees being applied to your transactions.
In summary, while both limit and market orders on Coinbase are subject to fees, the exact amount can vary based on your order type, immediate execution, and your trading volume tier. Always ensure to review the latest fee schedule on Coinbase’s official help center to stay informed about the costs associated with your trading activities..
Hey there! Coinbase does have a fee structure for trading, which includes limit orders. The fees vary based on your pricing tier, which is determined by your trading volume. Limit orders can sometimes have lower fees than market orders if they add liquidity to the market. It’s best to check Coinbase’s fee schedule for the most accurate info.
To add to the previous points, Coinbase’s fees for limit orders are indeed structured around the maker-taker model. If your limit order is filled immediately, you’re considered a taker and will pay a fee. However, if your order isn’t immediately matched and sits on the order book, you’re a maker, which often comes with lower fees. This incentivizes traders to add liquidity. The exact fee percentage depends on your 30-day trading volume and whether you’re using Coinbase or Coinbase Pro. Coinbase Pro generally offers a more competitive fee structure for active traders. Remember to consider the spread as well, which is the difference between the buy and sell price, as it can affect the total cost of your trade.