Coinbase Puts Transaction Fees on User's Shoulders

Coinbase Puts Transaction Fees on User's Shoulders

By Abhimanyu Krishnan | News | 21 Sep 2020


Coinbase’s professional exchange Coinbase Pro began passing transaction fees onto its users on September 17, as announced via Twitter.

  • Coinbase first announced that it would be imposing transactions fees in an email sent to users earlier in September
  • The fees will only be imposed on external transfers
  • Community members have expressed disappointment at the fact that withdrawal is no longer free, with many considering migrating to a different platform
  • Ethereum’s gas fees have been very high following the DeFi market boom and launch of such assets as Uniswap (UNI)
  • Ethereum gas fees hit an all-time high of $8.7 USD in early September, prompting discussions about scalability

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Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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