can you hold nfts on coinbase

Sure, here's a news article on the topic "Can You Hold NFTs on Coinbase?". Coinbase is a popular platform for trading digital assets, including NFTs, such as cryptocurrency. However, many NFTs on Coinbase are subject to fees, which can be exorbitant. In this article, we will explore the fees on Coinbase and whether holding NFTs is a good idea. NFTs are a type of digital asset that cannot be bought or sold on a regular exchange. Instead, they are created through an NFT tokenization process, which involves the use of cryptocurrency to purchase and hold an NFT. Coinbase offers various NFTs, such as art pieces, music tracks, and games. However, there are fees associated with holding these NFTs on the platform. These fees are based on the type of NFT, its popularity, and the number of units held. Some NFTs on Coinbase may have fees that can be as high as 30% of the price of the NFT. For example, holding an art piece on Coinbase can cost up to 30% of the purchase price. This fee can be exorbitant, especially for smaller art pieces. It is important to consider the fees associated with holding NFTs on Coinbase before making a decision to hold NFTs on the platform. While there are benefits to holding NFTs, such as the ability to appreciate in value over time, the fees can be exorbitant. In conclusion, while holding NFTs on Coinbase can be a fun and exciting experience, it is important to consider the fees associated with the platform. Fees can be as high as 30% of the purchase price, making holding NFTs on Coinbase a costly investment. It is important to research fees and compare prices before making a decision to hold NFTs on Coinbase.