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Author Topic: Coinbase added a fees now  (Read 2007 times)
radhwane
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March 24, 2017, 08:28:22 PM
 #21

i was using coinbase to send bitcoin to my users without any fees but now they add fees 0.5$ per transactions
but transfer from coinbase to another coinbase still for free just enter email receiver , do not enter an bitcoin address
or they will count a fees of 0.5$
also there are no send in bulk at coinbase 

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March 24, 2017, 08:30:43 PM
 #22

i was using coinbase to send bitcoin to my users without any fees but now they add fees 0.5$ per transactions
but transfer from coinbase to another coinbase still for free just enter email receiver , do not enter an bitcoin address
or they will count a fees of 0.5$
also there are no send in bulk at coinbase 
That is still cheaper than the wallet I am using and the dynamic fees they added on to the transaction I did just this morning.
It was for $0.80 to send out $49 worth of bitcoins.
So that was still cheaper for the amount of bitcoins sent.
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March 24, 2017, 08:47:35 PM
 #23

its not a problem to send over 50$ with 0.80$ or even 1$ of fees
but its not good to send 1$ with fees of 0.5$ , as i'm running a PTC website that pay bitcoin to users for view ads
lets say i'm going to pay to 10 users every users 1$
10x1.5$ = 15$ , 5$ fees just to send 10$

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March 24, 2017, 09:33:58 PM
 #24

its not a problem to send over 50$ with 0.80$ or even 1$ of fees
but its not good to send 1$ with fees of 0.5$ , as i'm running a PTC website that pay bitcoin to users for view ads
lets say i'm going to pay to 10 users every users 1$
10x1.5$ = 15$ , 5$ fees just to send 10$

I have the feeling a lot of sites like yours will end up going to another coin, like DOGE, simply because it's cheaper. Even LTC would work as an alternative.


 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




















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LTU_btc
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March 25, 2017, 12:44:29 AM
 #25

its not a problem to send over 50$ with 0.80$ or even 1$ of fees
but its not good to send 1$ with fees of 0.5$ , as i'm running a PTC website that pay bitcoin to users for view ads
lets say i'm going to pay to 10 users every users 1$
10x1.5$ = 15$ , 5$ fees just to send 10$
If fees is too high for, you can do payments to microwallets like Faucethub or ePay. You can use their API to send payouts. It would be best solutions, because they are not charging fees for payments, you only will be charged small fee from your deposit.

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March 25, 2017, 12:48:39 AM
 #26

What is your reaction regarding to all coinbase user that they add fees now, actually i just know this 1 hour ago when i tried to send a btc to my mycelium account and when i try to send all my balances it seems say that is not worth it and i try to decrease it .001 as usual it confirmed with 50k satoshi fee....

Anybody coinbase user here... What is your reaction or feedbacks about in coinbase that it add fees now?

And also what is disadvantage will happen?



What, really?

I used to use Coinbase a lot when I was a beginner and a faucet reaper.

To be honest I am pretty shocked at the company's decision. Because the main reason people use their service anyways is to avoid the high network fees. People obviously are abusing it and it is generating too much burden on Coinbase's wallets to keep up with the ever growing bitcoin price as well as transaction fees.

Well, this opens up a new market for micropayment wallet services, as well as competitors like Xapo.

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March 25, 2017, 02:58:30 AM
 #27

its not a problem to send over 50$ with 0.80$ or even 1$ of fees
but its not good to send 1$ with fees of 0.5$ , as i'm running a PTC website that pay bitcoin to users for view ads
lets say i'm going to pay to 10 users every users 1$
10x1.5$ = 15$ , 5$ fees just to send 10$
Just use a casino wallet to send them out for free to all those users if your going to make it a big deal with having to pay them all out.
Dam it.
Just don't send from your coinbase wallet or they will freeze all your bitcoins or anything you have in your account besides that.
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March 25, 2017, 03:02:42 AM
 #28

So the only choice of those users that always using those services(web wallets/exchanges) that don't have fees for making transaction with bitcoin is what? I don't know also. Cheesy



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Humanxlemming
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March 25, 2017, 07:52:41 PM
 #29

So the only choice of those users that always using those services(web wallets/exchanges) that don't have fees for making transaction with bitcoin is what? I don't know also.
Yeah i think also they are just using coinbase because of what coinbase is not charging fees for every transaction they made, me too just using it for transfering my bitcoin to another address just without sending that not charging fees, but now they added without any reason or they have reason why they add fees just i didn't know/update
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March 26, 2017, 12:51:57 PM
 #30

Do  you guys know a good alternative finally? I don't mind paying theirs fees when i am sending transactions like 0.01BTC But for very small amounts like 0.001BTC it's juste a waste of money. Someone mentionned Xapo, wich i don't know a lot, but i heard they do have fees as well. And another member mentionned casino, what is the trick with casino websites?

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March 26, 2017, 06:23:18 PM
 #31

In beginner and still using the Coinbase wallet service, most reason safe fees. Notice that, From now using Coinbase wallet services will be cut down transaction fees. The concern is it's about 50% higher fee for a single transaction. But satisfaction is Coinbase users to users still transaction free of cost.

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buwaytress
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March 26, 2017, 06:25:54 PM
 #32

Time to get used to the idea of having to pay for using a service, people. If it isn't straight up a fee then you'll always end up paying for the service some way or other. No such thing as a free lunch.

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March 26, 2017, 06:32:50 PM
 #33

coinbase added fees for another wallet user only,till now coinbase to coinbase trasaction free. Right now i have make a transaction coinbase to coinbase and its totally free.

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March 26, 2017, 09:37:29 PM
 #34

coinbase added fees for another wallet user only,till now coinbase to coinbase trasaction free. Right now i have make a transaction coinbase to coinbase and its totally free.
Yes, transfers between Coinbase wallets remains free. But if I'm not wrong, to avoid fee, you have to insert Coinbase user email instead of address, in other way, fee would be charged.

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March 28, 2017, 02:22:28 PM
 #35

I got this from coinbase support:

Using our wallet services to receive and store digital currency is free.
 
Your conversion rate for buying or selling digital currency through our Conversion Service is calculated as the market rate of the digital currency on Coinbase’s GDAX platform, plus a spread of up to 50 basis points. The final rate will be quoted to you before you complete your transaction.
 
We charge fees to use the Conversion Service, which vary based on your location and payment method. In some cases we may charge a fee on transfers to and from your bank account. We will always notify you of the service fee that applies to your transaction, both at the time of the transaction and in each receipt we issue to you.

obviously you can receive bitcoin for free. So my advice will be to store enough bitcoin before trying to transfer or spend. That's the only way not to feel the impact of the fees.
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March 29, 2017, 12:14:49 PM
 #36

I got this from coinbase support:

Using our wallet services to receive and store digital currency is free.
 
Your conversion rate for buying or selling digital currency through our Conversion Service is calculated as the market rate of the digital currency on Coinbase’s GDAX platform, plus a spread of up to 50 basis points. The final rate will be quoted to you before you complete your transaction.
 
We charge fees to use the Conversion Service, which vary based on your location and payment method. In some cases we may charge a fee on transfers to and from your bank account. We will always notify you of the service fee that applies to your transaction, both at the time of the transaction and in each receipt we issue to you.

obviously you can receive bitcoin for free. So my advice will be to store enough bitcoin before trying to transfer or spend. That's the only way not to feel the impact of the fees.
How about sending small amount like 0.0005 like close friends giving you small amount tip. it will have a receiving fee also?

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March 29, 2017, 01:19:19 PM
 #37

How about sending small amount like 0.0005 like close friends giving you small amount tip. it will have a receiving fee also?
Receiving fee? You mean that someone will have to pay for it? No. That is not how the bitcoin normally works.
The sender is the only one who need to pay transaction fee. But you don't want to use BTC for tipping people anymore.
The fee needed to send that 0.0005 BTC would be... around 0.0005 BTC Smiley
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March 29, 2017, 01:24:41 PM
 #38

Haven't used them for a while as they were getting silly with their restrictions, the fact that they now charge fees is not going to benefit them really as I would imagine that was one of the plus points of using Coinbase.

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March 29, 2017, 07:18:53 PM
 #39

I have serious doubts about Coinbase. The only "Support" they seem to respond within "4+" hours is complaints regarding transactions -- THEY respond by instantly freezing the account ... and their Customer Service will take weeks or maybe never to respond.
I know for a fact that the company has a back-door into their accounts ... so all some "outside exchange"  needs is your email address to use it to buy through your Coinbase account and then instantly vanish the purchase out of your Coinbase account.

I would sooner give my credit card to a stranger than link Coinbase up to a Bank Account.
bad luck.
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March 30, 2017, 02:08:44 PM
 #40

We all are Coinbase user have already known that issue. As a beginner it's not good news.  Though Counbase user to user transaction fee still free without any cost. Meanwhile, thought that it also need to maintain to make friendly.
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