If you’ve ever tried to sell Bitcoin, turn it into dollars, and then deposit those dollars back into your bank account to lock in a gain, you’ve noticed that – depending on the transaction size – that Coinbase has taken away $20, $50, $100…

You’ll never really know the exact amount until you’re ready to lock and load. It’s not a Coinbase issue. Gemini and Kraken’s fee structure is also cumbersome. This isn’t like the old E*Trade, where you would pay upwards of $7 per transaction at times. (Now it’s free). It was costly, but at least you knew instantly what the fee was.

If you’re a regular crypto currency trader, like me, and like to cash out and book those gains into fiat to buy hard assets, or reload an IRA, then these exchange fees are sure to drive you wild. When will there be more clarity on fees?

There’s no timeline for this. Maybe it happens fast. Maybe it takes a few more years of being soaked for certain trades and withdrawals. Competition
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