Coinbase is one of the most popular cryptocurrency exchanges. Have you ever wondered how they make money? With over 20 million customers, this is how Coinbase makes it's money
The answer is simply exchange fees. When you buy or sell crypto through Coinbase they charge a small fee. The fees vary from country to country but expect to pay around 1.49%. This is a different model to traditional financial products. For example, if you buy stocks you usually pay a flat commission up to a certain amount and then a % fee. The difference on Coinbase is you can buy Bitcoin and other cryptos with as little as $10.