Coinbase is killing me | Bitcointalksearch.org

Velkro

legendary

Activity: 2296

Merit: 1014

Quote from: milhaop on December 11, 2017, 06:59:48 PM

Hello there!

Be careful with Coinbase and other "wallets" which doesn't provide you the private key. In other words, they can create (or increase) any fee and you can't do nothing to avoid this.

Agree, its only for trading, NEVER store'ing ur BTC.
Store ur BTC in safe place, in software wallet or paper wallet.

odolvlobo

legendary

Activity: 4438

Merit: 3387

Quote from: KrinkBusta on December 11, 2017, 06:19:26 PM

So I deposited money into the CB USD Wallet from my Bank. This was on 12/03 and the transfer is still pending on CB. I believe that if I used Gemini I could have been using that money instantly?

Either way, I'm not happy. I am trying to understand the fee's on CB with regards to withdrawing the money when it finally clears and dumping it right back into my bank account. Will they charge me for this?

Basically I am debating moving everything out of CB and using Gemini. I did like using GDAX which I did some trading on (I had previously bought with a Credit Card which transferred quickly but went the bank deposit route this time to avoid fees), I moved some coin over to Binance via GDAX and like using that site (Binance) also.

This waiting for over a week for a deposit to clear into CB is just insane - especially when Gemini will let you start using your funds immediately (if I'm correct on that).

Oh yeah, total newbie trying to figure all this stuff out.

The delay is typically caused by the banking system being slow to transfer your money. AFAIK, Gemini would not be any faster. In this case, 7 days seems excessive unless you are transferring money from a foreign bank.

milhaop

newbie

Activity: 78

Merit: 0

Hello there!

Be careful with Coinbase and other "wallets" which doesn't provide you the private key. In other words, they can create (or increase) any fee and you can't do nothing to avoid this.

KrinkBusta

newbie

Activity: 2

Merit: 0

So I deposited money into the CB USD Wallet from my Bank. This was on 12/03 and the transfer is still pending on CB. I believe that if I used Gemini I could have been using that money instantly?

Either way, I'm not happy. I am trying to understand the fee's on CB with regards to withdrawing the money when it finally clears and dumping it right back into my bank account. Will they charge me for this?

Basically I am debating moving everything out of CB and using Gemini. I did like using GDAX which I did some trading on (I had previously bought with a Credit Card which transferred quickly but went the bank deposit route this time to avoid fees), I moved some coin over to Binance via GDAX and like using that site (Binance) also.

This waiting for over a week for a deposit to clear into CB is just insane - especially when Gemini will let you start using your funds immediately (if I'm correct on that).

Oh yeah, total newbie trying to figure all this stuff out.

Topic: Coinbase is killing me (Read 245 times)