- Coinbase rolled out a new subscription service called Coinbase One.
- The service provides members with perks such as $0 transaction fees.
- Coinbase One will be deployed in 35 countries in the near future.
After being in beta since 2021, Coinbase has officially opened a free subscription service called Coinbase One. The service is expanding outside the US, including the UK, Germany, Ireland, and more.
Through Coinbase One, customers can enjoy zero transaction fees and higher staking rewards by paying $29.99 per month. Customers can pay for subscriptions using a linked bank account (ACH) or a linked debit card.
No transaction fees on Coinbase
According to a statement issued by Coinbase, the Coinbase One service will give customers $0 transaction fees, 24/7 dedicated phone support, $1 million in account protection and access to a pre-filled form 8949 for Coinbase Taxes. increase.
A portion of Coinbase’s statement is as follows:
“Eligible users can sign up for Coinbase One, an auto-renewing subscription that requires recurring payments. A Coinbase One subscription provides the following benefits: (a) there is a spread on the price; You are waived of Coinbase fees for buying, selling, and converting digital currencies on the Coinbase platform (not including the Coinbase Pro order matching platform), provided that all purchases and sales of digital currencies on the Coinbase trading platform, Conversions will still be included (see fee details here), (b) our dedicated customer support line is available 24 hours a day, 7 days a week, 7 days a week (c) your Coinbase account. Protection of. Coinbase may modify or suspend this program at any time upon notice.”
However, commission-free trading volume limits in your account settings apply. If you trade beyond the set trading volume limit, you are responsible for paying normal trading fees.
Expand your international reach
As Coinbase seeks to expand its international reach, it aims to expand the Coinbase One service in 35 countries in the future.
The move comes just a month after Coinbase announced its global cryptocurrency exchange following a tightening regulatory environment.