Coinbase Pro now passing along network fees to its customers

Starting today, Coinbase Pro will pass along network fees directly to their customers. These fees, sometimes referred to as “gas fees” on the Ethereum blockchain are paid directly to crypto currency miners that process transactions and secure the respective network.

Coinbase Pro

It’s their goal to make interacting with crypto as seamless and user friendly as possible. By being transparent about their fees, it’s their hope that Coinbase Pro will arm their customers with the info Coinbase Pro need to make informed decisions that best suit the needs of their particular situation.

Historically, Coinbase Pro has absorbed these fees on behalf of their customers. However, as crypto has begun to gain broader adoption in applications like DeFi, payments and other projects, networks have gotten busier. The leads to longer wait times and higher fees as users compete to get their transactions confirmed faster.

Coinbase does not charge network fees for cryptocurrency transfers from one Coinbase wallet to another or transfers between verified Coinbase accounts. Additionally, there are still no fees for having a Coinbase Pro account and you may hold funds as long as desired.

To ensure a smooth experience for their customers and reasonable transaction processing times, Coinbase Pro will charge a fee based on their estimate of the network transaction fees that Coinbase Pro anticipate paying for each transaction. In certain circumstances, the fee that Coinbase Pro pays may differ from that estimate. All fees Coinbase Pro charge will be disclosed at the time of your transaction.

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