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Title: Coinbase questions Post by: bbit on October 13, 2013, 07:30:46 AM How much do they take ( what % ) when you sell your bitcoins on Coinbase and how long does it take to move your money to your bank account?
Title: Re: Coinbase questions Post by: BTCisthefuture on October 13, 2013, 07:32:25 AM Someone can correct me if I'm wrong but I believe they have a flat 1% fee. At least that's how it works for merchants who use their service.
Title: Re: Coinbase questions Post by: bbit on October 13, 2013, 07:34:05 AM Someone can correct me if I'm wrong but I believe they have a flat 1% fee. At least that's how it works for merchants who use their service. Yes, the merchants get 1 percent flat fee , I'm wondering does this apply to everyone. Also, how long does it take to move $$ from Coinbase to your bank of choice? 3-5 days? for merchants it might be 1 day not sure. Title: Re: Coinbase questions Post by: tclo on October 13, 2013, 09:26:19 AM The fee is just over 1% and they are pretty quick about funds to and from your bank account..sometimes just one day and sometimes 2 or 3, esp if the weekend.
But they do some shady things as well...not a big fan of them but I do have an account there and use it to buy BTC sometimes so that says a lot. Title: Re: Coinbase questions Post by: joesmoe2012 on October 14, 2013, 12:01:03 AM Yes it's 1% above the exchange rate that they provide you. Note that sometimes their exchange rate varies depending on the amount of BTC you are buying/selling.
There is a promotion going on right now for merchants where you get fee free transactions for your first $1mil in volume or something like that. Title: Re: Coinbase questions Post by: balanghai on October 14, 2013, 12:03:58 AM You must mind that only US residents can do a bank transaction with coinbase.
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