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Coinbase Puts Transaction Fees on User's Shoulders

Coinbase Puts Transaction Fees on User's Shoulders

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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