Share this article
Coinbase to Charge Fees for On-Blockchain Transactions
Digital currency exchange startup Coinbase is planning to shift the cost of transaction fees to its users starting later this month.
Updated Sep 11, 2021, 1:09 p.m. Published Mar 15, 2017, 6:32 p.m.
Bitcoin and ether exchange startup Coinbase is planning to shift the cost of certain kinds of transaction fees to users later this month.
In a new blog post, the startup cited its subsidization of so-called 'on-chain' transaction fees, noting that it has long paid the cost the network requires to confirm these transfers.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Yet, Coinbase said that this policy has now "become a significant cost" and that fees will shift to users looking to send network transactions over the bitcoin and ethereum blockchains beginning 21st March.
Transactions on-site between users will continue to be provided at no cost, the startup added.
Instead, fee amounts will be given when a user is preparing to issue a transaction, according to the firm.
Coinbase product manager Ankur Nandwani wrote in the blog post:
"Fees will be assigned dynamically based on the current network conditions and will be paid by customers when they send an on-chain transaction."
The startup outlined other pending service changes in the post, including the shutdown of a feature that enables account access by way of SMS.
Coinbase said that the feature, which dates back to 2013, was more relevant in days before widespread smartphone use, and that it is shifting away from the service in favor of its mobile-based apps. The SMS tool will be taken offline on 21st March.
Coinbase is also shutting down a user payment page feature launched in mid-2014, also citing the growth of its mobile app as an alternative.
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Coinbase.
Image via Shutterstock
Lebih untuk Anda
Yang perlu diketahui:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Lebih untuk Anda
XRP Faces Downside Risk as Social Sentiment Turns Wildly Negative
The turn in crowd mood comes after a two-month slide of roughly 31%, leaving the token vulnerable to further downside if risk appetite weakens across majors.
Yang perlu diketahui:
- XRP's price approached the $2 mark as social sentiment around the token turned sharply negative, according to Santiment data.
- The token has experienced a 31% decline over two months, making it vulnerable to further losses if market risk appetite weakens.
- Santiment's sentiment model indicates XRP is in a 'fear zone,' where negative commentary significantly outweighs positive talk, potentially influencing market positioning.
Top Stories
