Coinbase is a well-known bitcoin and cryptocurrency exchange and with the spike in bitcoin and other digital assets’ popularity this year, the firm has experienced great success.
You won’t have to pay transaction fees if you are a Coinbase One subscriber
Coinbase is currently in the midst of a test to provide a subscription service that allows customers to trade bitcoin and other digital assets without paying a transaction fee. Coinbase One subscription pack may provide additional benefits like 24/7 customer service and hacking insurance.
Bitcoin recently reached a new all-time high, hitting $67,000 per coin after a fall that lasted for several months. Bitcoin is not the only cryptocurrency that is breaking records, as other coins like Solana reached new highs.
Coinbase is a cryptocurrency exchange that lets you buy and sell tokens, but each transaction incurs a fee. The company aims to change this with the Coinbase One subscription project.
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The company has yet to roll out the subscription service to all of its clients, but it has confirmed the tests, as reported on The Block:
“Coinbase has started testing a subscription product for our customers. Customers in the test group will have the ability to buy, sell, and convert digital currencies on the Coinbase platform without a Coinbase fee for each trade (spread fees still apply). We’re always looking to learn more about how we can best serve our customers in different ways. Right now we are still in early stages so everything about the future product experience will be shaped by the feedback we receive from our users.”
If you conduct a lot of transactions on the platform, paying a monthly subscription may be a better deal than paying transaction costs every time.
The price of the Coinbase One subscription is not official yet. However, there will be a number of benefits attached to the subscription service. Subscribers will be given first priority for phone assistance, even on holidays.
