Author

Topic: Coinbase - charge? (Read 547 times)

legendary
Activity: 1988
Merit: 1007
July 04, 2015, 02:44:04 AM
#5
Hmm...i have recently exchange Bitcoins for Dollars on Coinbase and i did not pay any flat fee, only variable fee of 1%.
https://support.coinbase.com/customer/portal/articles/585625-what-is-coinbase-and-how-much-does-it-cost-to-use-

A guy said that he buy Bitcoin every monday for his cigarette money Wink

That made me wonder what coinbase charges for selling for $5?

Is buying in so small lots really feasible?

It's a flat fee + variable fee. The flat fee alone is $0.30. IMO, it's best to buy in increments of at least $20 (that puts the fee at like 5% of the total), with more being better.

Awesome news. They changed it. It used to be flat-fee + variable. Looks like they still charge flat-fee on small transactions, though, but aren't adding on the variable fee anymore so it's good:

"** For US Customers, orders less than $15 are charged a flat fee of $0.15"

Thanks for the heads-up!
tyz
legendary
Activity: 3360
Merit: 1533
July 04, 2015, 02:32:45 AM
#4
Hmm...i have recently exchanged Bitcoins for Dollars on Coinbase and i did not pay any flat fee, only variable fee of 1%.
https://support.coinbase.com/customer/portal/articles/585625-what-is-coinbase-and-how-much-does-it-cost-to-use-

A guy said that he buy Bitcoin every monday for his cigarette money Wink

That made me wonder what coinbase charges for selling for $5?

Is buying in so small lots really feasible?

It's a flat fee + variable fee. The flat fee alone is $0.30. IMO, it's best to buy in increments of at least $20 (that puts the fee at like 5% of the total), with more being better.
sr. member
Activity: 434
Merit: 250
Loose lips sink sigs!
July 04, 2015, 02:15:12 AM
#3
The charge is minimal but i'd suggest buying more than $5 increments if you can. The more transactions you have the more fees you'll have, and the fees don't increase 1:1 with size of transaction.
legendary
Activity: 1988
Merit: 1007
July 04, 2015, 12:45:52 AM
#2
A guy said that he buy Bitcoin every monday for his cigarette money Wink

That made me wonder what coinbase charges for selling for $5?

Is buying in so small lots really feasible?

It's a flat fee + variable fee. The flat fee alone is $0.30. IMO, it's best to buy in increments of at least $20 (that puts the fee at like 5% of the total), with more being better.
newbie
Activity: 56
Merit: 0
July 03, 2015, 06:42:44 PM
#1
A guy said that he buy Bitcoin every monday for his cigarette money Wink

That made me wonder what coinbase charges for selling for $5?

Is buying in so small lots really feasible?
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