[2016-08-01] Coinbase announces new increased fee structure

[BitcoinXio]

San Francisco based bitcoin startup Coinbase has increased their fee structure, making the announcement via their support site, where the new fee changes will go into effect on August 5th, 2016.

Read more: http://bitcoinx.io/news/articles/coinbase-announces-new-increased-fee-structure/

[Kprawn]

I just hope that Coinbase would stay with a modest increase to the fees associated with Bitcoin tx's and keep it to the bare minimum. The last thing we need now, are for people to pay less for banking

tx's than for Bitcoin tx's. We have always bragged that Bitcoin tx's are the lowest compared to it's competitors and if 3rd party payment processors and exchanges change that, we should stand together

to stop them, or just bypass their services and deal with bitcoins directly. 

[BellaBitBit]

hmmm.  Not sure it was needed.  The reason we are in to bitcoin is getting away from fees fees fees, everywhere are fees! 

[BitcoinXio]

hmmm.  Not sure it was needed.  The reason we are in to bitcoin is getting away from fees fees fees, everywhere are fees! 

I agree but Coinbase can't pay all our fees for us as bitcoin network fees continue to rise. I expect other exchanges who already provide modest fees to follow suit and raise their fees as well if the network continues like this.

[mogrith]

I'm ticked they changed that direct bank link now takes 5 days and now raising rate on debit card to 3.99% for instant.

what are some good online alternatives I can link accounts to and buy BTC.

[Gohs]

Coinbase is one of the cheapest out there, although snapcard.io goes for 0.5%.
I am not so sure about snapcard.io fees anymore now that bitcoin transaction fees have risen to 0.00030396.

[Vitnatin]

It is not too bad:

Coinbase which has the most venture capital investment in the bitcoin space, has changed their fee structure considerably. It has changed from a flat fee for all customers of 1% plus .15 cents to a variable structure based on country location and payment and deposit method, which is pretty common for exchanges that have customers worldwide.