Topic: Coinbase Stealing You're Bitcoin - page 2. (Read 3639 times)
Coinbase is a business not a charity. Their sole purpose is to make money. How can you expect them to NOT charge transaction fees? Those fees are why the company exists. This isn't a bad thing, they provide a really good service. They make it easy to buy, sell, and own bitcoins. This obviously is going to come at a small price.
But I don't wanna be a Bitcoin. I wanna be a Dogecoin!
Coinbase is stealing and everyone else is a Bitcoin. Yeehaw!
Your not you're Bitcoin! I came just to correct the title, it hurts my eyes!
And it's "stealing" not "steeling." Hard to take someone seriously when they can't even spell properly.
i always just sell everything in my account
I believe they have my stapler
Time to set the building on fire.
I believe they have my stapler
There's actually an FAQ about this on their site... they only go so many decimal places to the right and then they just round. The actual amount in your account is accurately stored in their database, (for example, 0.1578234) but just displayed as 0.158. I'm sure you could submit an inquiry and receive an answer that explains as much.
Couple that with the transaction fee and I can see how maybe it looks like they're taking something off the top... but generally I think Coinbase is cool people.
Couple that with the transaction fee and I can see how maybe it looks like they're taking something off the top... but generally I think Coinbase is cool people.
Maybe some of you will remember back in the 80's or 90's there was a movie about a hacker that had been steeling small fractions of a cent from every bank transaction somewhere out west. Said hacker ended up making 100's of millions of dollars before getting caught or fleeing to some tropical paradise. Well it went something like that anyways can't quite remember the exact details.
Office Space? Definitely a good movie
Well anyway, so if you include the dust, that would be...what... 1.1% fee per buy/sell rather than their 1% official charge? That is still not a bad fee amount.
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Your not you're Bitcoin! I came just to correct the title, it hurts my eyes!
Did you check their terms of service?
Perhaps they are honest about "sweeping up the dust?"
Perhaps they are honest about "sweeping up the dust?"
Maybe some of you will remember back in the 80's or 90's there was a movie about a hacker that had been steeling small fractions of a cent from every bank transaction somewhere out west. Said hacker ended up making 100's of millions of dollars before getting caught or fleeing to some tropical paradise. Well it went something like that anyways can't quite remember the exact details.
Coinbase is doing the exact same thing! Over the last week I sent 2 small quantities of btc to coinbase as follows
BTC0.13182195
BTC0.05819864
Of the first deposit I sold 0.1318 after which coinbase cleared/stole the resulting balance of 2195 satoshi
The second was similar only this time 0.05819 was sold and they stole 864 satoshi.
Now consider this happening 100 thousand times! That's BTC2195 and BTC864 respectively.
For each individual it's like oh no big deal the "dust" is gone from my account. However collectively they are stealing thousands possibly 10's or 100's of thousands of btc on a weekly/monthly/annual basis!!!
Coinbase is doing the exact same thing! Over the last week I sent 2 small quantities of btc to coinbase as follows
BTC0.13182195
BTC0.05819864
Of the first deposit I sold 0.1318 after which coinbase cleared/stole the resulting balance of 2195 satoshi
The second was similar only this time 0.05819 was sold and they stole 864 satoshi.
Now consider this happening 100 thousand times! That's BTC2195 and BTC864 respectively.
For each individual it's like oh no big deal the "dust" is gone from my account. However collectively they are stealing thousands possibly 10's or 100's of thousands of btc on a weekly/monthly/annual basis!!!
doesn't surprise me, from pools to hardware manufacturers to hackers, this is a unregulated market (read cops will not show up on my doorstep)
2000 satoshi is less than a penny. Not much to cry about. I think they're a stable exchange, have extremely low fees, and am glad to give them an extra penny per transaction.
I noticed this exact same thing. Irregularities with available balance that always seems to be something like 1% off. Even after all fees are factored in, you're just randomly missing a tiny amount of coin.
Maybe some of you will remember back in the 80's or 90's there was a movie about a hacker that had been steeling small fractions of a cent from every bank transaction somewhere out west. Said hacker ended up making 100's of millions of dollars before getting caught or fleeing to some tropical paradise. Well it went something like that anyways can't quite remember the exact details.
Coinbase is doing the exact same thing! Over the last week I sent 2 small quantities of btc to coinbase as follows
BTC0.13182195
BTC0.05819864
Of the first deposit I sold 0.1318 after which coinbase cleared/stole the resulting balance of 2195 satoshi
The second was similar only this time 0.05819 was sold and they stole 864 satoshi.
Now consider this happening 100 thousand times! That's BTC2195 and BTC864 respectively.
For each individual it's like oh no big deal the "dust" is gone from my account. However collectively they are stealing thousands possibly 10's or 100's of thousands of btc on a weekly/monthly/annual basis!!!
Coinbase is doing the exact same thing! Over the last week I sent 2 small quantities of btc to coinbase as follows
BTC0.13182195
BTC0.05819864
Of the first deposit I sold 0.1318 after which coinbase cleared/stole the resulting balance of 2195 satoshi
The second was similar only this time 0.05819 was sold and they stole 864 satoshi.
Now consider this happening 100 thousand times! That's BTC2195 and BTC864 respectively.
For each individual it's like oh no big deal the "dust" is gone from my account. However collectively they are stealing thousands possibly 10's or 100's of thousands of btc on a weekly/monthly/annual basis!!!
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