Hey everyone. I've been thinking for a long time of buying BitCoin as along term investment to diversify a bit. Been reading a lot the last couple of days and I'm kind of surprised at the fees. I'm used to Ameritrade type fees where it's a flat rate for a transaction.

Do I have this correct? If I put in $10,000 through Coinbase or Paypal or similar platforms I am charged 1.5-2% immediately. That's $200, which is pretty steep. Is everyone surrendering 1.5%-2% with every trade? If so, I should invest in Coinbase instead of BitCoin. Maybe I'm missing something.

For longer term holding is RobinHood the way to go or do their raised prices and spreads make it a worse alternative?

Any input would be appreciated to help a Newbie understand the fee structure. Thanks in advance!