Cash App tends to have lower fees for smaller transactions, whereas Coinbase charges less in fees for larger transactions. However, Coinbase Pro charges much less in fees at every transaction size.
Neither Cash App nor Coinbase publish their exact fee amounts. They calculate transaction fees during the order process, and you can see how much it will cost before you confirm the transaction. Fees can depend on several factors, including the payment method, order size, and market conditions.
You can generally expect to pay transaction fees of about 1.5% to 2.3% with Cash App. With Coinbase, you get the lowest fees when paying by a bank account transfer. If you do, then you pay either a variable fee of approximately 1.49% or a flat fee based on the transaction amount, whichever is greater. Here are the flat fees for each transaction amount:
- Up to $10: $0.99
- Above $10 to $25: $1.49
- Above $25 to $50: $1.99
- Above $50: $2.99
The variable fee on Coinbase usually kicks in for crypto purchases of $205 or more.
Coinbase Pro has a published fee structure, and transaction fees depend on which pricing tier you’re in. Your pricing tier is based on the amount you trade with Coinbase per month. The bottom tier, which consists of clients who spend under $10,000 per month, pays transaction fees of 0.50%. Clients who spend more can get better rates. Since Coinbase Pro is open to all Coinbase customers, it makes more sense to do your trading there and pay less in fees.
Here’s a look at how much it costs to buy different amounts of Bitcoin with each platform:
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