Engadgets title Coinbase Transaction Fees article Coinbase has introduced a new service for its users to make their cryptocurrency tokens available for use in their bank accounts.
Coinbase now allows users to create and spend their own coins by depositing them into their accounts and using a wallet, allowing users to use their coins as collateral for paying bills, making purchases, and more.
Coinbase Transaction fees allows users, who are interested in using their coins for these purposes, to receive a commission of up to 20% of the amount they deposit into their account.
To access the new service, users will first need to sign up for a Coinbase account.
Once that has been set up, users can deposit coins into the account, which will then be converted into a cryptocurrency.
The user will then use the cryptocurrency to make a transaction to a Coinbase customer.
Users will then receive an automatic fee, which is paid out of their account, and they can then pay with cryptocurrency.
Coinbase users who deposit more than $5,000 into their Coinbase wallet will automatically receive a 50% commission.
CoinDesk reached out to Coinbase for further information on the new feature and if the commission will be applied to Coinbase users’ deposits.
Users can make their coins available for others to use in exchange for Bitcoin or Ether, a digital token that can be used for a variety of services, including sending money, paying bills and more, Coinbase said in a statement.
CoinDesk reached a Coinbase spokesperson for more information on fees for depositing cryptocurrencies into the Coinbase wallet, which Coinbase currently does not provide.
CoinBase has also added support for its mobile app.
Users can now deposit funds to their Coinbase account through their Android or iOS devices.
The service works in both the US and the EU.
Coinbase currently only supports deposits to its US and EU wallet.