Can someone please explain why my bitcoin balance keeps moving on coinbase pro?

Fesatmas

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Quote from: Bitman7976 on December 30, 2020, 07:24:20 PM

I understand what you guys are saying with the fees going up and down but I'm talking about while it's on the withdraw form I see the available BTC amount going up and down with me doing nothing but watching it. To answer someones question, I have purchased other crypto but currently hold none on coinbase pro app, only cents worth of usd.

This is frustrating because I cant remove my full bitcoin balance cause when it shows the available balance, I type that in and all is good, but by the time I click withdraw the damn available btc amount changes lower than my inputed amount and says insufficient funds. I dont remember it doing this a not too long ago.

here we can find the factors of the problem you are facing, the key is in other cryptos that you hold. Of course this is very clear if when you withdraw everything using BTC, the amount of balance automatically decreases. first you haven't made another crypto exchange to bitcoin. therefore when you enter the amount of bitcoin there will be a notification that your funds are insufficient.

try selling off the rest of the crypto being traded first. and collect on the same assets, for example enough with bitcoins. not separated from other cryptos.

KonstantinosM

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Quote from: Bitman7976 on December 31, 2020, 12:07:13 PM

I was withdrawing BTC to Crypto address. No, I was sending about .2 of bitcoin. There was only about $100 worth of btc that was not available but I made sure I left $135 in there.

But maybe that's it because now it's not doing it. The $100 is actually available today and I went to withdraw all if it and there is no issue. But it is still weird because I was way below the available balance the last time and it wouldn't stop moving. 🤷‍♂️

If you bought the bitcoin very recently your bank might not have yet cleared the funds.

Coinbase will make your funds available before the bank clears it. So until your bank actually sends the money to boinbase the bitcoin you bought with that money will be unavailable.

You might have to wait until that point. It usually only takes a few days.

If Coinbase allowed you to withdraw that bitcoin, it's possible they'd not get the USD, if they were being scammed.

Bitman7976

newbie

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I was withdrawing BTC to Crypto address. No, I was sending about .2 of bitcoin. There was only about $100 worth of btc that was not available but I made sure I left $135 in there.

But maybe that's it because now it's not doing it. The $100 is actually available today and I went to withdraw all if it and there is no issue. But it is still weird because I was way below the available balance the last time and it wouldn't stop moving. 🤷‍♂️

cr1776

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Quote from: Bitman7976 on December 30, 2020, 07:24:20 PM

I understand what you guys are saying with the fees going up and down but I'm talking about while it's on the withdraw form I see the available BTC amount going up and down with me doing nothing but watching it. To answer someones question, I have purchased other crypto but currently hold none on coinbase pro app, only cents worth of usd.

This is frustrating because I cant remove my full bitcoin balance cause when it shows the available balance, I type that in and all is good, but by the time I click withdraw the damn available btc amount changes lower than my inputed amount and says insufficient funds. I dont remember it doing this a not too long ago.

Could it be that your amount is being eaten by fees so there isn't enough available to withdraw after fees?
Also, are you using "Withdraw BTC" to "Crypto Address" or "Coinbase.com"?

I look on the web and it shows:
To address
Amount
Network Fee
Limit
Processing Time

So if you had 0.0001 BTC, and the "network fee" was changing or was high enough it would fluctuate showing what was available to withdraw.

Bitman7976

newbie

Activity: 29

Merit: 7

I understand what you guys are saying with the fees going up and down but I'm talking about while it's on the withdraw form I see the available BTC amount going up and down with me doing nothing but watching it. To answer someones question, I have purchased other crypto but currently hold none on coinbase pro app, only cents worth of usd.

This is frustrating because I cant remove my full bitcoin balance cause when it shows the available balance, I type that in and all is good, but by the time I click withdraw the damn available btc amount changes lower than my inputed amount and says insufficient funds. I dont remember it doing this a not too long ago.

KonstantinosM

hero member

Activity: 1492

Merit: 763

Life is a taxable event

Quote from: Bitman7976 on December 30, 2020, 03:51:16 PM

I was under the impression that if you buy (1) bitcoin, your bitcoin balance will always stay the same and read (1), but the worth will go up and down depending on which currency it's being translated in. For instance USD. The usd equivalent will go up and down but the bitcoin should read as (1) regardless. Am I correct?

The reason i ask, is because on coinbase pro app, i am trying to withdraw my bitcoin and send it to my wallet. During the withdraw process of how much of my bitcoin i want to send, I see my available BTC going up and down. This makes it difficult because when I type in the available balance, two seconds later the btc balance goes down and says insufficient funds, and it wont let me send. But then 2 seconds later, it goes up again. Wtf is going on?

If it's exactly 1.00000000 Bitcoin than inevitably you will get 1-Transaction Fee.

Since the transaction fee estimation can vary depending on network traffic what is going to be sent into your wallet will vary by a small amount.

Your actual balance at coinbase should be the same.

If that's not what's happening there, it's a different discussion altogether.

Edit: Upgrade00 kind of beat me to it. But since we were posting at the same time I'll leave mine up as well.

Upgrade00

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Quote from: Bitman7976 on December 30, 2020, 03:51:16 PM

For instance USD. The usd equivalent will go up and down but the bitcoin should read as (1) regardless. Am I correct?

This is correct.

Quote from: Bitman7976 on December 30, 2020, 03:51:16 PM

i am trying to withdraw my bitcoin and send it to my wallet. During the withdraw process of how much of my bitcoin i want to send, I see my available BTC going up and down. This makes it difficult because when I type in the available balance, two seconds later the btc balance goes down and says insufficient funds, and it wont let me send. But then 2 seconds later, it goes up again. Wtf is going on?

Are you trying to withdraw all the funds on the exchange? The changes could be due to fees (both charged by the exchange and the estimated miner fees). The fees are being taken from your balance, so they would reduce the total amount and you would not be able to withdraw the maximum you hold.
Here's a link to the fee structure on conbase pro - https://help.coinbase.com/en/pro/trading-and-funding/trading-rules-and-fees/fees
You can adjust your transaction based on how much you wish to withdraw.

BlackHatCoiner

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Farewell, Leo

Once you buy bitcoins, you receive a specific amount of bitcoins that does not change if you don't move them. What it does change is the USD equivalent. As for coinbase pro, I don't know how they are managing your funds, but it is surely not the same as keeping them on a non-custodian wallet like electrum.

Are you sure that your available bitcoins go up and down and you're not changing anything to the fees? You're paying for your transaction fees, so the more you put the less available you have.

JeromeTash

legendary

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Heisenberg

Have you traded any other assets on coinbase pro before apart from BTC. The changes in the amount of BTC could be due to the changes in the prices of the balances of those small assets which are usually calculated in BTC.
I have seen this kind of thing happen to my accounts in other exchanges such as Binance.

Bitman7976

newbie

Activity: 29

Merit: 7

I was under the impression that if you buy (1) bitcoin, your bitcoin balance will always stay the same and read (1), but the worth will go up and down depending on which currency it's being translated in. For instance USD. The usd equivalent will go up and down but the bitcoin should read as (1) regardless. Am I correct?

The reason i ask, is because on coinbase pro app, i am trying to withdraw my bitcoin and send it to my wallet. During the withdraw process of how much of my bitcoin i want to send, I see my available BTC going up and down. This makes it difficult because when I type in the available balance, two seconds later the btc balance goes down and says insufficient funds, and it wont let me send. But then 2 seconds later, it goes up again. Wtf is going on?

Topic: Can someone please explain why my bitcoin balance keeps moving on coinbase pro? (Read 364 times)