Just to prove to you the level of predatory behavior of Coinbase; last night around 10pm London Time, ETH reached its lowest point- around 680euro. At this time i was trying to buy as much ETH as possible using my CC. The result? THEY WOULD NOT LET THE TRANSACTIONS GO THROUGH!!!! The erroneous -bullshit- excuse:
"Error with your Card, etc' (btw I took a screenshot that I will post). Once, ETH rebounced to above 700euro, then 'Miraculously' All of my transactions went through!!!!!!
Also, for those of you that might have noticed, the prices for the 3 assets that they offered (BTC cash was not listed yet..) on the upper left corner, did NOT show the price per coin!!!
This is clearly behavior of CROOKS and sadly there is no Regulator yet to slap them with a few $ million worth of fines!
Topic: Anyone else sick of Coinbase Ridiculous fees??? Any other options??? (Read 268 times)
December 20, 2017, 09:36:58 AM
December 19, 2017, 05:46:59 PM
Absolutely! Coinbase owns GDAX so you can login to GDAX with your Coinbase login - you just need to validate your ID again. GDAX have much smaller fees - a lot more reasonable. I'd recommend login into GDAX whenever you want to transfer your coins to other exchanges/wallets.
GDAX is an exchange that is owned by Coinbase and shares same credentials (login and password will work on both sites) For someone in Europe, I find out Coinbase have higher price per 1BTC than www.bittylicious.com
Last time I've checked was 267$ difference in price! (200£) I've been using Bittylicious for few years, maybe not cheapest service out there, but very quick and professional. Once I put wrong reference number and to my surprise, at 07.00AM Monday morning I was contacted by support and my issue was fixed with Ethereum send to my wallet. Definitely worth to try.
December 19, 2017, 05:36:53 PM
It seems that fee issue happens on all platforms lately. I also had problems sending my coins. The fee i was asked to pay was way beyond reasonable. I had to wait a lot to find right time to make my transactions.
December 19, 2017, 05:33:27 PM
I started using Cryptopay instead of Coinbase as the fees are lower, and so far I'm happy with it.
December 19, 2017, 09:04:47 AM
Instead of buying BTC and transferring it to bittrex why didnt you think of buying ETH and then transferring it to bittrex. Obviously the fees of BTC is way more than ETH. By using this method you can atleast save good amount of money in transferring the coins to bittrex. You could then convert it to BTC after you transfer the coins to bittrex. Coinbase also has LTC which is also a better alternative for this method.
You got a point. I used ETH in the beginning, but then started purchasing more BTC because Bittrex has more altcoins available based on BTC than ETH. I see your point and I thought of converting ETH to BTC once transferred at Bittrex but i was concerned that their fees would be high too! Obviously, it would not be 10% (that is what Coinbase charged me this morning on my BTC transfer! ) Next time I will try ETH again. Thanks again!
December 19, 2017, 08:59:28 AM
200 euro? So thats €10 then €20. The first might be their fee, at current rates the second is similar to Bitcoin next block transactions fees. So i think the problem is too small a deposit, lesson is to buy and transfer BTC in order of €1k or otherwise use services where you can chose a lower tx fee (and wait).
December 19, 2017, 08:48:30 AM
Try another way: use localbitcoins.
The more you buy - the more profit you get. Now BTC transaction fee is ~20$. Better to buy once, but a lot.
If You Buy At LocalBitcoinsThe more you buy - the more profit you get. Now BTC transaction fee is ~20$. Better to buy once, but a lot.
There Is A Chance You Get Scammed
And The Price Are Higher 10%-50% Rather Than Coinbase Rate
December 19, 2017, 07:51:44 AM
If you are going to transfer your bitcoin to other exchange, it's better to convert them into alts if the amount is small because the bitcoin withdrawal fee is so expensive, use it to buy eth or ltc which has cheaper fee and sell it to get the bitcoin back later. For buying bitcoin, you can use localbitcoin or maybe search someone who want to sell you directly although it's more risky and you should use escrow for that.
December 19, 2017, 07:48:44 AM
Does Coinbase really charge higher than others? As far as I know, it's the same (or almost similar) with other wallets.
December 19, 2017, 07:47:30 AM
really the commission was simply awful, it is worth trying bots telegrams,By the way 15% is still not so ploho, could take more (
December 19, 2017, 07:22:23 AM
Try another way: use localbitcoins.
The more you buy - the more profit you get. Now BTC transaction fee is ~20$. Better to buy once, but a lot.
The more you buy - the more profit you get. Now BTC transaction fee is ~20$. Better to buy once, but a lot.
December 19, 2017, 07:18:26 AM
In the UK, I use localbitcoins.com for BTC.
Also a new bank called Revolut has low fees for BTC, LTC and ETH. About to give it a try.
Also a new bank called Revolut has low fees for BTC, LTC and ETH. About to give it a try.
December 19, 2017, 07:12:34 AM
Exchanges has a lot of fees,thats why the owners of thee exchanges getting more rich every second,i too has experienced with local exchanges especially when they dont have any counterparts ,they will increase fees because we dont have a choice.
actually i've heard that not every cost go to the owner of exchanger, but some of it go to another such as tax, etc
Instead of buying BTC and transferring it to bittrex why didnt you think of buying ETH and then transferring it to bittrex. Obviously the fees of BTC is way more than ETH. By using this method you can atleast save good amount of money in transferring the coins to bittrex. You could then convert it to BTC after you transfer the coins to bittrex. Coinbase also has LTC which is also a better alternative for this method.
from my experience this method is simple but risky if sudden price movement happen when transfer coinjust try it but becarefull
December 19, 2017, 07:03:32 AM
Tried GDAX, but my European passport expired this month:( Also, just thought I should share this... I have sent kyc's and opened accounts to 14 different brokers since November. Only been approved for Bittrex so far! Feel like by the time i get approved on Bitfinex (where they have many coins not traded elsewhere..) the 'party' will be over...
December 18, 2017, 06:38:34 PM
GDAX have lower trading fees, and NO network fee. So you can send BTC from GDAX to Bittrex without paying anything!
December 18, 2017, 06:24:06 PM
Absolutely! Coinbase owns GDAX so you can login to GDAX with your Coinbase login - you just need to validate your ID again. GDAX have much smaller fees - a lot more reasonable. I'd recommend login into GDAX whenever you want to transfer your coins to other exchanges/wallets.
December 18, 2017, 06:17:26 PM
Well coinbase is an exchange what do you expect? If you want an lower fee then use a wallet that you can adjust it for yourself like mycelium in android and bitcoin core in desktop. I was once a coinbase user and i really liked it because there are no transaction fees in coinbase but since they announced that they will no longer payong the tx fees and it is higher fees than actual tx fees i quit using their services.
December 18, 2017, 11:41:05 AM
Exchanges has a lot of fees,thats why the owners of thee exchanges getting more rich every second,i too has experienced with local exchanges especially when they dont have any counterparts ,they will increase fees because we dont have a choice.
December 18, 2017, 11:30:42 AM
Are there any other alternatives to these thieves?? I purchased 200 euros worth of Bitcoin this mornning: 5% Fees!
Send my BTC's to Bittrex, then another 10% fee!!!!!
So to fund my Bittrex abbout, I lost 15% of my money in the process!!!!! Obviously, the people who own Coinbase are too greedy, but are there any other similar eschanges?
I am interested in: using FIAT to buy BTC and ETH, then fund my Bittrex Account ( I have also applied to Bitfinex, Gatehub, Bitstamp, Cryptopia, Poloniex, Bitpanda and few more, but it seems that that the KYC process will take another 2 months at least...)
Any input would be much appreciated! It is plain thievery to pay these kind of fees....
Thanks
Send my BTC's to Bittrex, then another 10% fee!!!!!
So to fund my Bittrex abbout, I lost 15% of my money in the process!!!!! Obviously, the people who own Coinbase are too greedy, but are there any other similar eschanges?
I am interested in: using FIAT to buy BTC and ETH, then fund my Bittrex Account ( I have also applied to Bitfinex, Gatehub, Bitstamp, Cryptopia, Poloniex, Bitpanda and few more, but it seems that that the KYC process will take another 2 months at least...)
Any input would be much appreciated! It is plain thievery to pay these kind of fees....
Thanks
You should check youtube, I always see some videos in the right on how to eliminate fees from Coinbase, I don't use it myself. I use a local exchange.
December 18, 2017, 11:27:25 AM
Instead of buying BTC and transferring it to bittrex why didnt you think of buying ETH and then transferring it to bittrex. Obviously the fees of BTC is way more than ETH. By using this method you can atleast save good amount of money in transferring the coins to bittrex. You could then convert it to BTC after you transfer the coins to bittrex. Coinbase also has LTC which is also a better alternative for this method.
You got a point. I used ETH in the beginning, but then started purchasing more BTC because Bittrex has more altcoins available based on BTC than ETH. I see your point and I thought of converting ETH to BTC once transferred at Bittrex but i was concerned that their fees would be high too! Obviously, it would not be 10% (that is what Coinbase charged me this morning on my BTC transfer! ) Next time I will try ETH again. Thanks again!
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