Coinbase over charging

[hopefull]

Coinbase is charging $312 plus 1% for coins right now, while Bitstamp is 299 and bitfinex is 308, give me a brake. 4% plus fees, why is that. I lost so much already on my last buy and sell and now have to get screwed here, I think now is a good entry point but why charge so much more? With plenty of Bitcoins available like the 16,000 coins for sale on Bitstamp, why rape your customers?

[williamevanl]

I think you mean 311...

[Rannasha]

Coinbase is charging $412 plus 1% for coins right now, while Bitstamp is 299 and bitfinex is 308, give me a brake. 4% plus fees, why is that. I lost so much already on my last buy and sell and now have to get screwed here, I think now is a good entry point but why charge so much more? With plenty of Bitcoins available like the 16,000 coins for sale on Bitstamp, why rape your customers?

Coinbase is a business and its purpose is to maximize profit. Don't like their prices? Get your coins somewhere else.

[hopefull]

I think you mean 311...

yes sorry , $312 is what I meant

[serenitys]

circle is at 303...

[hopefull]

I think you mean 311...

I am showing $301.50

I literally just bought.

Wow, so they have different prices for different people, I filed a complaint last week about my purchases and now they must be punishing me by over charging, because as of right now they still want $312, they want me to stop using Coinbase I guess.

[cypherdoc]

If true, it's a great sign as it means they believe Stampfuck is under priced, which they were due to the wall. The market eventually crushed the wall.

[transient858]

Coinbase is charging $312 plus 1% for coins right now, while Bitstamp is 299 and bitfinex is 308, give me a brake. 4% plus fees, why is that. I lost so much already on my last buy and sell and now have to get screwed here, I think now is a good entry point but why charge so much more? With plenty of Bitcoins available like the 16,000 coins for sale on Bitstamp, why rape your customers?

The company exists to make profit. If you don't like their price, simply stop using their service.

[ravenjt]

Wow. Makes credit cards look cheap, and they provide consumer protection

[shoehornhands]

I've been using Coinbase for a few months now and noticed this as well. I would imagine it's simply their way of making money (they are a business after all).

I really don't have a problem with it (they can quote me whatever they want, doesn't mean I have to buy it).

The only thing I really care about is that they're honest and clear about what they're charging (so far haven't had an issue with this).

Now, if they start pulling this "High Risk" BS I've been reading about, that will be an entirely different story. Luckily I haven't experienced this yet either (although my purchases so far have all moved against me during the clearing period).