Topic: Coinbase pays the fee for its users? (Read 1311 times)

I only verified my mail and my phone for security issues. I use coinbase only a wallet not an exchange site. Furthermore I can not use that exchange options in my country too.
Is there any site which do not want personal identity verification? Actually I do not know.

yes they do pay for they`re users as i am using coinbase as my wallet.
i think theyre trying to gain more costumer again, as they lose most of them because
of the previous issues.

Coinbase doesn't need you to be verified, being verified just gives you some more features like buying/selling bitcoins, and some other features I may not be aware of. I too use coinbase, at least I did until I got to know about the security threat of using them, i.e I myself am not in control of my address as coinbase has the private keys. Anyway, before I get more off-topic, coinbase allows deposits/withdrawals without being verified

How do you use Coinbase if you are not verified?
Also, why would someone use Bitcoin if they have to reveal his/her identity? Why not using the traditional payment systems like bank wires, credit cards and so on?
BTC is an e-currency and nothing more. Each e-currency must have a little advantage for using it. BTC has a huge time for transaction processing, it's complicated for new comers. On top, you need to provide documents if you want to fund or withdrawn funds from it.

So, what's the advantage now? It was in the past... but "today"?

I think none exchanges would charge a net transfer fee of users.

Agree with you, and for this reason i stopped using xapo and closed my account there when I discovered that I have to give too much paper to get my btc address! (btw didn't revealed my identity when I joined coinbase)
But as I said before, not everyone is caring so much about his identity.

How do you cash out or cash in Bitcoin? By using one of these exchangers, right? Well, these exchangers are requesting you a lot of papers about you. Soon, they will want your fingerprint...

As I know, BTC was made to offer anonymity and nothing more. There are plenty of e-currencies which are asking for documents.Why would I use Bitcoin when I have Paypal and other similar systems like this one? I have credit cards which I can easily use them everywhere.

BTC attracted people because of this feature called, anonymity. Now, it disappeared and nobody is saying a word
Where are the "legendary" members to scream agaist GOVs, Illumitati and so on?  They did it years ago. They said Bitcoin will never be like Paypal and here we are. You cannot buy or sell Bitcoin without documents.

The banks are requesting the same documents as Gemeni, Coinbase, etc.

Exchangers are looking for regulations even regulations means NO anonymity
NO anonymity = against Bitcoin's "core"

Again, why would someone need BTC in these circumstances while there are credit, debit cards? The banks are asking me the same papers like Gemini, Coinbase are asking.
I can buy anything with credit cards in a blink of eye...without waiting 15 minutes for endless BTC confirmations.
Also, the banks are offering much more security than any "private" wallet....

I think so. Only made two transactions via their wallet and I also managed to send it all up to the last satoshi. It's not that much after all, though there are some cases in which you cannot send the full balance in your wallet to another and there are some deductions to it (I'm not sure what they are for).

Yes that is true. Coinbase pays the transfer fee and I prefer to use coinbase for this reason. With small amounts it is really useful to transfer satoshis. But you have to write the exact satıshi which you have got in your wallet. Otherwise you will pay transfer fee.

If i'm correct, the transaction is larger than 1 kb so it requires a higher fee. Next, the service itself may post a higher fee to make sure the customer gets paid fast.

Personally, I don't mind paying 2 cents for my transactions myself. 0.0009 on the other hand is quite nice of them to cover

Fee: 0.0009 BTC, why the fee is so high?

Yes, many online services pay fees for us. Example Xapo, freebitco.on, moonbit and faucetbox.com
This is possible for them when they process the transactions in batch. Because transaction fees are for the size of transaction not for number of transaction. I do not know about coinbase. But Xapo processes our sending transactions in batch.
 

Thoses services offer an advantage to attract users, no one is obliged to use them, we have bitcoin core and the other cold storage also blockchain.info and many other online wallets.
If someone don't care so much about his identity to be revealed then he can use it.

Well, Bitcoin was made for anonymity. I laugh a lot when I see that the peple does not care about that anymore.

There were tones of pages on this forum where the people were screaming that BTC offers full privacy and that it offers protection against GOVs, bad people, illuminaty and other stories .  

Now, all the exchangers are looking for regulations, licences which means the END of the privacy.What is very odd? Nobody is saying nothing. It's OK like that as long you make some cash , right?  

In end, it only matters  the cash  but let's not be hypocrites and to admit it.

Totally agree with this. I have them as my main wallet (I only have about 1 BTC), and it works great for selling and having the money in your bank account easily. Also for buying. Yes, perhaps privacy is not high, but I don't mind that much.

I guess it comes with the territory when they are in control of your private keys for them to pay for fees most of the time. Between Coinbase accounts it's essentially all off-chain transactions too.

I am a bit paranoid about using coinbase due to past accusations. The fee really isn't that big of a deal to me.

I noticed this also the couple of times I have used them, it is a bonus and a plus for using Coinbase.

Yes.

Under most common conditions coinbase will pay the transaction fee for you.

https://support.coinbase.com/customer/en/portal/articles/815435-does-coinbase-pay-bitcoin-miner-fees-

They are my go to online wallet for micro transactions. Exactly because of the zero fee.

Still won't put significant amounts through it.