Author

Topic: Understanding Coinbase Fee (Read 123 times)

newbie
Activity: 33
Merit: 0
December 28, 2017, 04:24:39 PM
#1
Hi guys, this is my first post and I'm new to this place. sorry if this question is native.

I'm trying to do dollar averaging investing in bitcoin via coinbase. I'm trying to invest in $100 each time. Following is example buy screen I see:

0.00702399 BTC     --------- $99
Coinbase Fee ---------------- $1
Payment Method Fee -------- $0
Total -------------------------- $100

One thing I'm missing here is bitcoin transaction fee for putting the transaction into blockchain. How come it doesn't show? If they do charge, the fee will certainly eat a big trunk of my $100 investment. Or actually coinbase i holding the coin on my behalf?
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