San Francisco-based Coinbase, a leading bitcoin exchange and wallet service, has announced that the fees for buying bitcoins with credit or debit card has raised as a part of the new fee plan which will be effective from August 5th, 2016.

According to the official announcement, bitcoin buying and selling conversion rate via Coinbase’s Conversion Service is calculated as the market rate of the digital currency on its GDAX platform including a spread of up to 50 basis points.

“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,” the announcement stated.

Users will be updated with the final rates before the completion of their transaction.

Recently, Coinbase announced the expansion of its services to Australia and soon after it also announced its expansion to Canada and Singapore enabling the users in these countries to buy bitcoin and Ether using their debit and credit cards.

Founded in June of 2012, Coinbase is a digital currency wallet and platform where merchants and consumers can transact with new digital currencies like bitcoin and Ethereum. It is based in San Francisco, California.