Coinbase raises fees for debit and credit card transactions

Coinbase has announced that the fees for buying bitcoin with plastic cards has raised as a part of the new fee plan which will be effective from August 5th, 2016.

According to the official statement, the unified rate for debit and credit card bitcoin purchases will be 3.99% per transaction. The new rates are effective for all countries where Coinbase officially works.

“We charge fees to use the Conversion Service, which vary based on your location and payment method. In some cases we may charge a fee on transfers to and from your bank account. We will always notify you of the service fee that applies to your transaction, both at the time of the transaction and in each receipt we issue to you. All fees are listed below,” said Coinbase.

Coinbase is a San-Francisco based bitcoin wallet and exchange platform.