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/biz/ - Business & Finance

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File: 84 KB, 1160x1160, Coinbase-Logo.png [View same] [iqdb] [saucenao] [google]
5643537 No.5643537 [Reply] [Original]

Can someone explain to me why people use Coinbase?
From what I see the fees are 1.49% (one point forty nine percent).
And they don't even pay the mining fees for Buttcoin.

Please someone help me understand, because it just doesn't make any sense.

>> No.5643599

It's easy to use

>> No.5643691

>>5643537
it is babby's first coin trading platform.

>> No.5643692

The fact that you can make big purchases instantly with your bank account and lock in the price. I could buy 10k usd worth of btc, bch, ETH or ltc right now instantly. I won’t be able to move or sell it for about 8 days but the price is locked in. Can make the fee worth it. If you’re using it to buy and sell willy nilly you’re a retard but it has its uses as a tool in your kit.

>> No.5643764

Buy or sell BTC for fiat with localbitcoins.
The premium you pay is closer to 10% there.

>> No.5643784

bdax bays the bees so u bont have to

>> No.5643882

Where else can I buy ETH with fiat? everything else either takes weeks, it's more expensive, it doesn't accept UK, it has upper limits of pennies, etc

>> No.5643894

Where are eurofags like me suposed to buy then?

>> No.5643914

>>5643882
Gemini. Took me 4 days to verified. Wire transfer following verification cleared in 1 hour and eth was immediately ready to trade

>> No.5643930

>>5643599
That's funny, because the site is confusing as fuck. The fee info is scattered all over the place, on other sites it's on a single page in a table.

>>5643692
>The fact that you can make big purchases instantly with your bank account and lock in the price.
I see. That's an American thing, though, right?
Unless you mean credit card, but then the fee is 4%.

>>5643882
>>5643894
Bitstamp? Not sure if UK has SEPA payments or if that's just for Eurozone...

>> No.5643954

>>5643692
>>5643692
>>5643692

>> No.5643968

>>5643894

bittiraha.fi

>> No.5644000

>>5643692
>I won’t be able to move or sell it for about 8 days
I missed that part. What do you mean, why 8 days??

>> No.5644009

>>5643914
Been waiting for gemini for a week...

>> No.5644020

>>5643894

https://coinmotion.com

>> No.5644075

>>5643537

Easy to use, only sells working products, doesn't sell flash in the pan scamcoins.

>> No.5644130

>>5643537
You can cash out

>> No.5644175

whats the best alernative for amerimutts

>> No.5644299

>>5643537
the iphone app is incredibly user friendly

tech savvy people don't understand how difficult it is for the average person to transfer LTC or ETH out of coinbase into a foreign exchange like Binance

>> No.5644399
File: 1.90 MB, 1116x1600, TeacherPants_1a.jpg [View same] [iqdb] [saucenao] [google]
5644399

>>5644130
Does coinbase require proof of residence to cash out? I was looking at another exchange that wants that to sell but I'm actually living in a van and just use a mail box from a copy shop. I've only been putting a small amount into coinbase to take to binance and buy shit coins with.

>> No.5644417

>>5644130
You can cash out elsewhere cheaper, at least in EUR.
Dunno how US withdrawals work, but at at a glance Kraken is cheaper ($5) and Bitstamp probably too.

>> No.5644586

>>5643914
This -- Gemini is the patrician American's fiat exchange, which explains why it gets overlooked most of the time

>> No.5644819

>>5644399
They just require an ID and a "selfie" to make sure your picture matches the one on the ID. That's it. You can then link any bank account to direct deposit your sales.

>> No.5645282
File: 83 KB, 1050x550, BannonOurGuy.jpg [View same] [iqdb] [saucenao] [google]
5645282

>>5644399
> but I'm actually living in a van