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Author Topic: Coinbase added a fees now  (Read 2012 times)
Humanxlemming
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April 08, 2017, 11:19:04 AM
 #61

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?


I just know if coinbase also charge up to 50k satosi fees, I always use coinbase for a small transaction fees and never pay attention if there is a fee, if any fees, of course I consider redirecting to another free wallet.

You should pay attention cause miner fees are important especially now that coinbase stopped shouldering the miner fees of the users transactions but the coinbase to coinabase transactions are still free . The reason for this is because they are paying huge amounts of  since there are a million users and still counting . If you still want a feature like this, You might wanna try Xapo . I've only used it a few times so I cant even tell a brief review of it for you .
Yes, It's important the miner fees of any transactions, It implies great attention that specific transactions. It helps the completed with in a little time span. But coinbase charge pretty big. About xapo they also take fees in every received, but send money is free.
Well, your right that we need to pay the miners every transaction that we made. About in xapo i think they are just taking a fees if you are just receiving 47k satoshi in your xapo account, so in that way they will deduct the fees for it. But if your receiving 48k satoshi they will deduct it for you.
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April 09, 2017, 04:30:30 PM
 #62

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?


I just know if coinbase also charge up to 50k satosi fees, I always use coinbase for a small transaction fees and never pay attention if there is a fee, if any fees, of course I consider redirecting to another free wallet.

You should pay attention cause miner fees are important especially now that coinbase stopped shouldering the miner fees of the users transactions but the coinbase to coinabase transactions are still free . The reason for this is because they are paying huge amounts of  since there are a million users and still counting . If you still want a feature like this, You might wanna try Xapo . I've only used it a few times so I cant even tell a brief review of it for you .
Yes, It's important the miner fees of any transactions, It implies great attention that specific transactions. It helps the completed with in a little time span. But coinbase charge pretty big. About xapo they also take fees in every received, but send money is free.
Well, your right that we need to pay the miners every transaction that we made. About in xapo i think they are just taking a fees if you are just receiving 47k satoshi in your xapo account, so in that way they will deduct the fees for it. But if your receiving 48k satoshi they will deduct it for you.

Sorry for the wrong info, I already stopped using their wallet and haven't been reading updates about them for months . Today, I just updated myself regarding their miner fees . They actually made changes again . Transactions between xapo accounts are free but if you send bitcoins from your xapo to an external account they will charge a 34K sats and if you received bitcoins between 0.0002673 and 0.00040095 they will charge 2K sats .

Now, I really don't see a reason why would I go use an online wallet  Grin

EDIT: See more details here: https://in.xapo.com/fees/

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BitMaxz
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April 10, 2017, 09:47:39 PM
 #63

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?


I did not notice that they are added a fee's option  but i think we have now advantage of using coinbase .. because before we are not trusting coinbase to use due to not asking for a fee for every transaction now they are added it. now i don't still see any reason why they are added a fee option for every transaction outside..

Iranus
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April 10, 2017, 11:33:28 PM
 #64

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?


I just know if coinbase also charge up to 50k satosi fees, I always use coinbase for a small transaction fees and never pay attention if there is a fee, if any fees, of course I consider redirecting to another free wallet.

You should pay attention cause miner fees are important especially now that coinbase stopped shouldering the miner fees of the users transactions but the coinbase to coinabase transactions are still free . The reason for this is because they are paying huge amounts of  since there are a million users and still counting . If you still want a feature like this, You might wanna try Xapo . I've only used it a few times so I cant even tell a brief review of it for you .
Yes, It's important the miner fees of any transactions, It implies great attention that specific transactions. It helps the completed with in a little time span. But coinbase charge pretty big. About xapo they also take fees in every received, but send money is free.
Well, your right that we need to pay the miners every transaction that we made. About in xapo i think they are just taking a fees if you are just receiving 47k satoshi in your xapo account, so in that way they will deduct the fees for it. But if your receiving 48k satoshi they will deduct it for you.

Sorry for the wrong info, I already stopped using their wallet and haven't been reading updates about them for months . Today, I just updated myself regarding their miner fees . They actually made changes again . Transactions between xapo accounts are free but if you send bitcoins from your xapo to an external account they will charge a 34K sats and if you received bitcoins between 0.0002673 and 0.00040095 they will charge 2K sats .

Now, I really don't see a reason why would I go use an online wallet  Grin

EDIT: See more details here: https://in.xapo.com/fees/
I guess they can't handle paying the higher fees on the network right now.

No online wallet provider should cover the fees for you, it's completely open to abuse and it's an oversimplification of the network.  At least now people will question what they actually do for you except make it look nice.

Maybe this'll convince some people to move their savings into a safer wallet.

SniX030
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April 11, 2017, 05:59:33 PM
 #65

I also used coinbase for a long time - these new fees are the death for microtransactions.
But now the question: What is the best onlinewallet with the lowest fees actually?
veleten
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April 12, 2017, 05:15:50 AM
 #66

never liked Coinbase first place,also they do not allow you to send funds to gambling sites
it is against their TOS and they could block your account and confiscate funds,too
so now that they charge fees (and not small fees too) for transactions,I don't see how anyone would use Coinbase
as their first choice wallet,there are so many similar services,offering more functionality and less stringent rules

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April 12, 2017, 01:50:43 PM
 #67

never liked Coinbase first place,also they do not allow you to send funds to gambling sites
it is against their TOS and they could block your account and confiscate funds,too
so now that they charge fees (and not small fees too) for transactions,I don't see how anyone would use Coinbase
as their first choice wallet,there are so many similar services,offering more functionality and less stringent rules

But those fees are not for their pocket, it is for miners, it's not like if it was a plan to build the income of the company. I think they have been enough kind to handle those fees since years. There are still lot of people considering coinbase as their first web based wallet.

I also used coinbase for a long time - these new fees are the death for microtransactions.
But now the question: What is the best onlinewallet with the lowest fees actually?
Xapo is an altenative that doesn't charge fees to send transaction, i tested it last week to check after reading here about the zero fees. Go to take a look at it

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April 12, 2017, 01:59:09 PM
 #68

I was the regular user of Coinbase for more than 1 year. Due to its free transfers, I time ago assumed that Bitcoin transactions have zero fees. However, joining this forum I came by fees and issue of increasing fees. But as Coinbase started charging fees, now I can personally experience this issue too.
However, now I have diversified by bitcoins in different web wallets and since internal transfers are free for web wallets, I can save fees in 3 of 5 cases.
People recommend Xapo but I have zero trust on them.

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