• Coinbase has recently announced upgrades to Coinbase One, a membership account that offers zero trading fees and other benefits.
• However, users will have to pay $30 a month for the privilege.
• This is likely only of benefit to whales and heavy traders who would likely prefer a decentralized exchange (DEX).
Coinbase Launches Zero-Fee Trading
America’s largest crypto exchange, Coinbase, has recently announced upgrades to its membership account called Coinbase One. This account offers zero trading fees, boosted staking rewards, priority support and other exclusive benefits from partners. To access these features though, customers must pay $30 per month.
Benefits of Coinbase One
Coinbase One allows customers to trade without any fees attached and also gain access to boosted staking rewards as well as priority customer support which could be beneficial for those who need timely responses from the company. The account also provides exclusive benefits from partners that are not available on regular accounts.
Who Is It For?
The monthly fee model may not be attractive for all types of customers since it is most beneficial for whales and heavy traders who tend to carry out large transactions frequently. Such customers are more likely to choose decentralized exchanges (DEX) due to their lower fees compared with Coinbase’s charges.
Free Trial Available
Customers can take advantage of a 30-day free trial provided by Coinbase in order to test out the features of this service before committing financially. This will allow users to get a feel for the service and decide whether it suits their needs or not before taking the plunge with a paid subscription.
Overall, while there are some clear advantages associated with signing up for a Coinbase One membership, this may not be suitable for everyone depending on their individual trading habits or preferences when it comes to fees and services offered by different exchanges.