Gatorelf (OP)
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January 06, 2017, 01:19:38 AM |
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I got a wallet from coinbase as I saw some where it was rated the best. I notice every time I buy some BTC there is a small transaction fee like $2. I also notice the price for BTC always seems to be $15 to $20 higher than what its actually trading at.
My questions are, is this typical of all wallets? Also I've never received BTC is there incoming fee's?
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bohr
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January 06, 2017, 01:39:59 AM |
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Coinbase is an exchange that offers a wallet to do your transactions, there are many wallets, some offer the ability to buy bitcoin through them but most are just a way to store your bitcoin, if you want a full node then bitcoin core is the best, if you want a light wallet, I like electrum.
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AgentofCoin
Legendary
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Activity: 1092
Merit: 1001
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January 06, 2017, 01:43:16 AM |
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I got a wallet from coinbase as I saw some where it was rated the best. I notice every time I buy some BTC there is a small transaction fee like $2. I also notice the price for BTC always seems to be $15 to $20 higher than what its actually trading at.
My questions are, is this typical of all wallets? Also I've never received BTC is there incoming fee's?
Coinbase is an Exchange, that also has a wallet. The wallet service they maintain is very different from most wallets. Most wallets are just programs to hold your privatekeys/addresses, not to trade or buy/sell. With Bitcoin, the only fee is the miner's fee for being placed within a block, and that is paid by the sender.
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I support a decentralized & unregulatable ledger first, with safe scaling over time. Request a signed message if you are associating with anyone claiming to be me.
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calkob
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January 06, 2017, 01:46:12 AM |
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I got a wallet from coinbase as I saw some where it was rated the best. I notice every time I buy some BTC there is a small transaction fee like $2. I also notice the price for BTC always seems to be $15 to $20 higher than what its actually trading at.
My questions are, is this typical of all wallets? Also I've never received BTC is there incoming fee's?
Yeah it's typical of all places that you buy bitcoin from, its a premium above the spot price that gives them some profit. Do you realise that by keeping bitcoin at Coinbase you are keeping it in their wallet not yours ? they can decide if you get it or not. research paper wallets (which are free, bitaddress.org) or hardware wallets (Trezor, ledgerwallet, keepkey) to secure your own bitcoin (your wallet)
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Gatorelf (OP)
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January 07, 2017, 12:36:50 AM |
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I got a wallet from coinbase as I saw some where it was rated the best. I notice every time I buy some BTC there is a small transaction fee like $2. I also notice the price for BTC always seems to be $15 to $20 higher than what its actually trading at.
My questions are, is this typical of all wallets? Also I've never received BTC is there incoming fee's?
Yeah it's typical of all places that you buy bitcoin from, its a premium above the spot price that gives them some profit. Do you realise that by keeping bitcoin at Coinbase you are keeping it in their wallet not yours ? they can decide if you get it or not. research paper wallets (which are free, bitaddress.org) or hardware wallets (Trezor, ledgerwallet, keepkey) to secure your own bitcoin (your wallet) Appreciate the info guys, I do have another wallet ( Blockchaine ) which I have never used.. I was thinking I would buy at coinbase and send to my phone wallet... didnt want to get fee'd to death though ya know lol. I also have several collectible wallets but think I will leave them be.
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romero121
Legendary
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Activity: 3010
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Vave.com - Crypto Casino
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January 07, 2017, 12:55:18 AM |
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I got a wallet from coinbase as I saw some where it was rated the best. I notice every time I buy some BTC there is a small transaction fee like $2. I also notice the price for BTC always seems to be $15 to $20 higher than what its actually trading at.
My questions are, is this typical of all wallets? Also I've never received BTC is there incoming fee's?
Yeah it's typical of all places that you buy bitcoin from, its a premium above the spot price that gives them some profit. Do you realise that by keeping bitcoin at Coinbase you are keeping it in their wallet not yours ? they can decide if you get it or not. research paper wallets (which are free, bitaddress.org) or hardware wallets (Trezor, ledgerwallet, keepkey) to secure your own bitcoin (your wallet) Appreciate the info guys, I do have another wallet ( Blockchaine ) which I have never used.. I was thinking I would buy at coinbase and send to my phone wallet... didnt want to get fee'd to death though ya know lol. I also have several collectible wallets but think I will leave them be. Already you've known all about the worthy wallets, as well you've concluded of leaving most of the wallets for your goodness. Better if you have the access try to remove the thread. If you go through the forum itself you can get more suggestions regarding wallets and its security features.
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MingLee
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January 07, 2017, 01:06:24 AM |
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I got a wallet from coinbase as I saw some where it was rated the best. I notice every time I buy some BTC there is a small transaction fee like $2. I also notice the price for BTC always seems to be $15 to $20 higher than what its actually trading at.
My questions are, is this typical of all wallets? Also I've never received BTC is there incoming fee's?
Coinbase is a pretty good exchange, but I don't use it because they seem to flex their power a bit too much for my liking a lot of the time, and that's something I don't want to have to deal with in the future. As for the value being higher, yeah, it's a pretty good market for selling, and probably exceptional overall for what it provides. Not typical of all wallets, no incoming fees that you pay for. Only the sender ever pays a transaction fee.
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Shady
Full Member
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Activity: 294
Merit: 100
Life is a game, you either play it or get played.
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January 07, 2017, 01:13:21 AM |
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Xapo is my favorite, fees are 5 USD, but close to the market price is what you pay. They also have debit card solutions and vault access.
The main thing oth web or virtual wallets is security, but you may come across these problems even with offline or backing up desktop wallets. Although CoinBase is one of the top, Xapo seems to have increased protection for every user.
The biggest names out there are Block.io, Xapo & CoinBase as well as places like Local Bitcoins (which shouldn't be used as a wallet in higher volumes.)
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cengsuwuei
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January 07, 2017, 02:16:27 AM |
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the best wallet if you can full control your bitcoin open service private key use private key you can control your balance and your addres
standard sending fee this now 22k satoshi/Kb
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shinratensei_
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Leading Crypto Sports Betting & Casino Platform
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January 07, 2017, 02:30:49 AM |
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I got a wallet from coinbase as I saw some where it was rated the best. I notice every time I buy some BTC there is a small transaction fee like $2. I also notice the price for BTC always seems to be $15 to $20 higher than what its actually trading at.
My questions are, is this typical of all wallets? Also I've never received BTC is there incoming fee's?
Every wallet has his advantages and disadvantages. There are no incoming fees. About the phenomenon was happening with your wallet. totally it's auto calculation for your btc. sometimes if the price will be increasing and your bitcoin will try to match the current price of bitcoin was increasing.
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Digitalbitcoin
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January 07, 2017, 04:19:45 AM |
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I think many of you might heard about blockchain,info also provide wallet services. But no one appreciating blockchain.info wallet services.
I am user of this wallet since from long time. And this is the best for everyone.
Blockchain.info wallet is the only wallet service offers you private keys. Coinbase, xapo or many other wallet services just only offer platform to buy/sell BTC, dont offer private keys for your wallet. And in future if you don't know privatekeys of wallet you are using then its quite risky.
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pooya87
Legendary
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Activity: 3612
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Crypto Swap Exchange
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January 07, 2017, 04:37:50 AM |
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i just want to add that there is nothing called best wallet, there are only bitcoin wallets ( https://bitcoin.org/en/choose-your-wallet) each of which have some pros and cons and you have to find out all about them and then choose a wallet to use. for example of these pros and cons, paper wallet is the safest since it is cold storage and is kept without internet connection but it is hard to spend from it.
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jacee
Legendary
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Activity: 1302
Merit: 1025
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January 07, 2017, 04:49:56 AM |
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I got a wallet from coinbase as I saw some where it was rated the best. I notice every time I buy some BTC there is a small transaction fee like $2. I also notice the price for BTC always seems to be $15 to $20 higher than what its actually trading at. The current price in coinbase may differ to what the btcs current price in other exchanges. That 2$ fee charged from your transaction is for the purchase not an incomming transaction fee. My questions are, is this typical of all wallets? No. Coinbase is an exchange wallet. It differs functionality to other clients like a desktop wallet, hardware wallet, paper wallet, web wallets. etc. Also I've never received BTC is there incoming fee's?
No. Fee is only charged upon sending a transaction. The sender always shoulder the fee and not the receiver.
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Akash1243
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January 07, 2017, 04:56:27 AM |
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I use blockchain it is a good wallet
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BTCnoobTard
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January 07, 2017, 04:58:35 AM |
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Electrum is the best lite wallet i've ever used.
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RENT ME!
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firebird2490
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January 07, 2017, 05:52:19 AM |
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IMO
If you wanna use desktop wallet use Multibit HD Desktop Wallet or Copay Chrome App and if you want an wallet in ur phone Mycelium is good.
Reason to recommend you this wallet is because all of them supports Trezor which the most secured Hardware Wallet for Bitcoin.
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Zadicar
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DGbet.fun - Crypto Sportsbook
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January 07, 2017, 07:59:24 AM |
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I got a wallet from coinbase as I saw some where it was rated the best. I notice every time I buy some BTC there is a small transaction fee like $2. I also notice the price for BTC always seems to be $15 to $20 higher than what its actually trading at. The current price in coinbase may differ to what the btcs current price in other exchanges. That 2$ fee charged from your transaction is for the purchase not an incomming transaction fee. My questions are, is this typical of all wallets? No. Coinbase is an exchange wallet. It differs functionality to other clients like a desktop wallet, hardware wallet, paper wallet, web wallets. etc. Also I've never received BTC is there incoming fee's?
No. Fee is only charged upon sending a transaction. The sender always shoulder the fee and not the receiver. This post answer all the queries of OP which is really helpful on clearing up those questions.I agree coinbase is just an exchange wallet therefore expect the rates would really be different among others not only on coinbase but all exchanges they really differ on bitcoin rates which you could able to see on your own eyes when you try to look at them.
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Sithara007
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Leading Crypto Sports Betting & Casino Platform
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January 07, 2017, 08:36:31 AM |
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I also notice the price for BTC always seems to be $15 to $20 higher than what its actually trading at.
Unlike the fiat currencies, there is no centralized exchange rate for Bitcoin. So the exchange rate very from one exchange to the other, depending upon the demand-supply equilibrium. The exchange rates in Coinbase and Bitstamp will be on average some $15 to $25 higher than that in BTC-e.
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Mystic Saiyan
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January 07, 2017, 08:44:22 AM |
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I personally use Blockchain.info. It is a famous wallet provider. Their system seems secure and they have several options to secure your wallet. It is one of the best online wallets. Site : www.blockcahin.infoThere is no best wallet. It depends on your preferences and the options provided by the provider.
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Zz
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January 07, 2017, 08:49:11 AM |
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Table top alternatives too. I have tried: Bitcoin Knots, mSIGNA, MultiBit HD, Bitgo, Electrum my choices, local wallet : electrum mobile wallet : Bither web wallet : blockchain.info
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