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Author Topic: Coinbase deposit with UK credit card  (Read 117 times)
Ringtoo (OP)
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December 16, 2017, 06:27:54 PM
 #1

Hi

Anyone knows,  if I deposit in Coinbase using my interest-free master credit card, will I have to pay any extra fee? Like cash withdrawal fee etc.? is it a good idea? Roll Eyes Huh
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Sutters Mill
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December 16, 2017, 06:40:30 PM
 #2

IT tells you exactly how much you will pay here: https://support.coinbase.com/customer/portal/articles/2109597-buy-sell-bank-transfer-fees

For the UK you will pay 3.99% on card deposits, then there are selling and withdrawing fees as well I believe.
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December 16, 2017, 06:46:25 PM
 #3

There are fees at every step, but the main fees is the deposit fee if you use your credit card, depending on  your bank it should be something between 2 to 5% with a minimum I think, all the informations are on the coinbase website
Ringtoo (OP)
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December 16, 2017, 06:52:00 PM
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There are fees at every step, but the main fees is the deposit fee if you use your credit card, depending on  your bank it should be something between 2 to 5% with a minimum I think, all the informations are on the coinbase website

I am aware of the coinbase's credit card deposit fee which is 3.99 %. But I am wondering about the creditcard fee. If I use my credit card to buy stuff, the credit card company doesn't charge anything, but if I want to withdraw money from credit card, then it charges a high-interest fee. So my question is if I use my credit card to deposit money in caoinbase  do I have to pay the credit card withdraw money fee?

many thanks  Undecided
Sutters Mill
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December 16, 2017, 06:55:14 PM
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There are fees at every step, but the main fees is the deposit fee if you use your credit card, depending on  your bank it should be something between 2 to 5% with a minimum I think, all the informations are on the coinbase website

I am aware of the coinbase's credit card deposit fee which is 3.99 %. But I am wondering about the creditcard fee. If I use my credit card to buy stuff, the credit card company doesn't charge anything, but if I want to withdraw money from credit card, then it charges a high-interest fee. So my question is if I use my credit card to deposit money in caoinbase  do I have to pay the credit card withdraw money fee?

many thanks  Undecided

How can anyone possibly answer this question for you when we have no idea what card or bank you're using? Every bank will be different with many different accounts and fees as well so go ask them not us if you're so concerned about bank fees and stop being so godamn lazy  Roll Eyes.
Ringtoo (OP)
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December 16, 2017, 07:00:30 PM
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There are fees at every step, but the main fees is the deposit fee if you use your credit card, depending on  your bank it should be something between 2 to 5% with a minimum I think, all the informations are on the coinbase website

I am aware of the coinbase's credit card deposit fee which is 3.99 %. But I am wondering about the creditcard fee. If I use my credit card to buy stuff, the credit card company doesn't charge anything, but if I want to withdraw money from credit card, then it charges a high-interest fee. So my question is if I use my credit card to deposit money in caoinbase  do I have to pay the credit card withdraw money fee?

many thanks  Undecided

How can anyone possibly answer this question for you when we have no idea what card or bank you're using? Every bank will be different with many different accounts and fees as well so go ask them not us if you're so concerned about bank fees and stop being so godamn lazy  Roll Eyes.

I have to wait until Monday for this .lol  Grin Grin Grin Grin Grin      lazy
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December 16, 2017, 07:03:08 PM
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There are fees at every step, but the main fees is the deposit fee if you use your credit card, depending on  your bank it should be something between 2 to 5% with a minimum I think, all the informations are on the coinbase website

I am aware of the coinbase's credit card deposit fee which is 3.99 %. But I am wondering about the creditcard fee. If I use my credit card to buy stuff, the credit card company doesn't charge anything, but if I want to withdraw money from credit card, then it charges a high-interest fee. So my question is if I use my credit card to deposit money in caoinbase  do I have to pay the credit card withdraw money fee?

many thanks  Undecided


Depends on your credit card company ToS.

I have one credit card that refuses purchases at Coinbase.com ,while my two other cards work completely fine.
However I'm sure most credit card companies will consider this type of purchase as "standard digital goods" purchase, hence no money withdrawal fee.
Sutters Mill
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December 16, 2017, 07:06:51 PM
 #8

There are fees at every step, but the main fees is the deposit fee if you use your credit card, depending on  your bank it should be something between 2 to 5% with a minimum I think, all the informations are on the coinbase website

I am aware of the coinbase's credit card deposit fee which is 3.99 %. But I am wondering about the creditcard fee. If I use my credit card to buy stuff, the credit card company doesn't charge anything, but if I want to withdraw money from credit card, then it charges a high-interest fee. So my question is if I use my credit card to deposit money in caoinbase  do I have to pay the credit card withdraw money fee?

many thanks  Undecided

How can anyone possibly answer this question for you when we have no idea what card or bank you're using? Every bank will be different with many different accounts and fees as well so go ask them not us if you're so concerned about bank fees and stop being so godamn lazy  Roll Eyes.

I have to wait until Monday for this .lol  Grin Grin Grin Grin Grin      lazy

Can't you call them or speak to them online? If you're worried about fees though I would leave credit cards well enough alone.
Ringtoo (OP)
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December 16, 2017, 08:03:21 PM
 #9

There are fees at every step, but the main fees is the deposit fee if you use your credit card, depending on  your bank it should be something between 2 to 5% with a minimum I think, all the informations are on the coinbase website

I am aware of the coinbase's credit card deposit fee which is 3.99 %. But I am wondering about the creditcard fee. If I use my credit card to buy stuff, the credit card company doesn't charge anything, but if I want to withdraw money from credit card, then it charges a high-interest fee. So my question is if I use my credit card to deposit money in caoinbase  do I have to pay the credit card withdraw money fee?

many thanks  Undecided


Depends on your credit card company ToS.

I have one credit card that refuses purchases at Coinbase.com ,while my two other cards work completely fine.
However I'm sure most credit card companies will consider this type of purchase as "standard digital goods" purchase, hence no money withdrawal fee.



oh, that what I want to hear. ...because I don't mind coinbase charges 4% because I probably will make that money there. but if credit card company also charge it probably not worth it.
MR2O4
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December 16, 2017, 10:05:30 PM
 #10

I didn't get charged any extra on my MBNA credit card.

lakisc
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December 16, 2017, 10:10:38 PM
 #11

I got charged with visa 5%
Ringtoo (OP)
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December 17, 2017, 12:01:10 AM
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I got charged with visa 5%

its a huge one. which card is it?
lakisc
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December 19, 2017, 01:54:12 PM
 #13

not uk, but the problem is that when i want to transfer bitcoin it wants a miner fee of 15 pounds!!
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