who else thinks that coinbase fees are WAY to HIGH?

[XXthetimeisnowXX]

Coinbase fees are out of controll. I can see that they are a buisness and need to make money but they all ready cover the bank fee by charging a bank fee and then on top of this they get ten bucks if you buy ten or fifty bucks if you buy fifty.... thats to high especily becouse they get you going both ways! buying and selling. does it really cost 20 bucks to put 20 coins back into my bank account? or does it cost 15 bucks (plus bank fees) to take my money and buy some coins?


on top of this they want you to wait a week before you get the coins or the money. I think its rediculious for that kind of fee.

what do you think, do you want lower fees on coinbase? if you do then comment below and maybe we can get them to lower them a bit.

dont get me wrong i like coinbase and i like there service but if enough of us say somthing then maybe they will take there fees down a bit.

[data_teks]

Not sure where your getting your information but coinbase only charges me 1% when buying or selling btc. As for bank fees, everything they do is ACH, there are no fees for that unless your bank is charging you for it (not coinbase).

Now yes it will cost you $20 to transfer 20 coins (roughly $2000 atm) but in terms of fees, that is really cheap.


Anyway, unless I am missing something, coinbase is one of the cheapest, if not the cheapest way to buy BTC instantly.

[XXthetimeisnowXX]

yes and i think its to much. if it was that much on exchanges it would be ridiculous. i know its not an exchange. i know its 1% and i just think taking ten bucks out of my money to buy ten coins and another ten to sell ten coins is tough man. 20 bucks for a bot to transfer. and only recently it has been instant. but you got to do a lot to get that instant. they still have not verified me. dont know why. I have done everything they have asked. just saying that its to much.

ATM 1% people would flip.



but if your fine with paying that then thats cool. no big. I would rather pay less. keep MY money.

[sublime5447]

I dont always have coins but when I do I sell for mt gox last plus 4 percent, which i personally think is cheap. I also send the coins instantly. When the payment hits my account I send.

[btceic]

For me it is 1% plus 0.15 bank fee, I consider this fair.

To purchase 5 bitcoins right now, it would cost me $4.65 plus the cost of the bitcoin itself.

Even if you are buying the max per day of 50 btc that is around $45-$50 for instant btc purchase.

If they choose to keep the 1% fee when the price of btc goes to 10,000 then I would say that is a little hefty but we have a little bit before that happens.

[sublime5447]

That is cheap but dont you have to wait 4 days to get coins? and dont they cancel orders when the market conditions change?

[Franktank]

That is cheap but dont you have to wait 4 days to get coins? and dont they cancel orders when the market conditions change?

As a verified level 2 user (w/ ID confirmation), you can purchase bitcoins instantly. Haven't experienced any canceled orders yet.

[sublime5447]

that is very fair sounds like 2 percent to get coins instantly.

[btceic]

That is cheap but dont you have to wait 4 days to get coins? and dont they cancel orders when the market conditions change?

nope, I have level 2 verification and can and have done instant bitcoin purchases, and have yet to see an order cancellation.

[sublime5447]

This just happened to be in the news feed I have heard this complaint many times before.   Topic: Coinbase cancel "high risk" buy - now seeking agent in Los Angeles  https://bitcointalk.org/index.php?topic=261239.0

[btceic]

This just happened to be in the news feed I have heard this complaint many times before.   Topic: Coinbase cancel "high risk" buy - now seeking agent in Los Angeles  https://bitcointalk.org/index.php?topic=261239.0

^fud

http://blog.coinbase.com/post/44046687068/high-risk-transactions

tl;dr;
email or call them and you should get this cleared up asap

[joesmoe2012]

I agree they are high, and especially since they give no volume discounts or anything.

[DieJohnny]

Resurrecting this thread because damnnnnnnn Coinbase is stealing from people.

I thought about getting some cash from some of my bitcoin holding and WTF!!!

Talk about going WellsFargo and PayDayLoans! Dear God almighty do I feel burned by not reading fee details before wasting my time on Verification with Coinbase criminals.