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ransomer (OP)
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July 03, 2015, 11:42:44 PM
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A guy said that he buy Bitcoin every monday for his cigarette money Wink

That made me wonder what coinbase charges for selling for $5?

Is buying in so small lots really feasible?
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ranlo
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July 04, 2015, 05:45:52 AM
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Quote from: ransomer on July 03, 2015, 11:42:44 PM
A guy said that he buy Bitcoin every monday for his cigarette money Wink

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.
https://nanogames.io/i-bctalk-n/
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July 04, 2015, 07:15:12 AM
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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.
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July 04, 2015, 07:32:45 AM
Last edit: July 04, 2015, 10:34:04 AM by tyz
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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-

Quote from: ranlo on July 04, 2015, 05:45:52 AM
Quote from: ransomer on July 03, 2015, 11:42:44 PM
A guy said that he buy Bitcoin every monday for his cigarette money Wink

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.
ranlo
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July 04, 2015, 07:44:04 AM
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Quote from: tyz on July 04, 2015, 07:32:45 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-

Quote from: ranlo on July 04, 2015, 05:45:52 AM
Quote from: ransomer on July 03, 2015, 11:42:44 PM
A guy said that he buy Bitcoin every monday for his cigarette money Wink

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!
https://nanogames.io/i-bctalk-n/
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