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Title: Coinbase - charge? Post by: ransomer on July 03, 2015, 11:42:44 PM A guy said that he buy Bitcoin every monday for his cigarette money ;)
That made me wonder what coinbase charges for selling for $5? Is buying in so small lots really feasible? Title: Re: Coinbase - charge? Post by: ranlo on July 04, 2015, 05:45:52 AM A guy said that he buy Bitcoin every monday for his cigarette money ;) 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. Title: Re: Coinbase - charge? Post by: Possum577 on July 04, 2015, 07:15:12 AM 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.
Title: Re: Coinbase - charge? Post by: tyz on July 04, 2015, 07:32:45 AM 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 ;) 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. Title: Re: Coinbase - charge? Post by: ranlo on July 04, 2015, 07:44:04 AM 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 ;) 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! |