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/biz/ - Business & Finance

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7113612 No.7113612 [Reply] [Original]

the only people who truly get wealthy trading are the ones collecting fees

>> No.7113636

>The house always makes money

>> No.7113643

Coinbase isn't an exchange you moron.

>> No.7113666


Their exchange is gdax and they make a fortune

>> No.7113673

When GDAX receives its 0x update I will be the one collecting fees.

>> No.7113682
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coinbase charge fees

>> No.7113708

where did he say it was?


>> No.7113711

They also only have taker fees, which makes it better than most exchanges.

>> No.7113718

You can be the digging sifting for gold or sell the supplies for it.

You can be the idiot taking a chance of striking Oil or refine it (rockefeller)

You can be the idiot buying bitcoin or the one facillitating the trade (coinbase)

ez monies

>> No.7113810

I use gdax and never pay fees, unless I market order. Why the fuck do you care about a bunch of normans using coinbase to buy/sell bitcoin. Those fees are a stupidity tax

>> No.7113837
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Crypto exchanges are literally stock brokers

Collect fees for trades, good or bad trades doesn't matter, and they won't let you cash out

>> No.7113901
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why would you use coinbase to buy crypto?

Bank transfer fiat to Coinbase = 0 fees
Transfer fiat from coinbase to Gdax = 0 fees and instant
Buy main coins on Gdax 0.25% fee.

Fiat bank transfers directly to Gdax has a fee.

>> No.7114137

Can you cash out on gdax though?

>> No.7114170

>the only people who truly get wealthy trading are the ones collecting fees
That's why COSS holders are going to be quite happy by EoY IMO.

>> No.7114194

So buy chainlink?

>> No.7114209

yes, you can even avoid the 0.25% fee when buying crypto by doing a limit order.

>> No.7114231

yes, you can sell to USD on GDAX and instantly transfer to Coinbase where you can cash out

>> No.7114257

That's interesting, I'll look into that

>> No.7114270

Anyone remember Dragon Dyce?

>> No.7114292
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Yes, I am.

>> No.7114313


What I think about fees and taxes.

>> No.7114413
File: 6 KB, 200x200, kyber-network.png [View same] [iqdb] [saucenao] [google]

This is why we need a decentralised exchange

Enter kyber

>> No.7114429

>tfw you bought coinmetro, the coinbase killer

>> No.7114582

Which means you can't. You're eventually going to have to transfer your money back to Coinbase to cash out, and they charge fees for that. Also, it takes fucking forever to do a feeless bank transfer to Coinbase, might as well just pay the fees for convenience unless you're moving a huge amount.

>> No.7114625

>hurrrrr durrrrrr da middleman makes it hardrrrrrrr

>> No.7115046


ACH transfer from GDAX to my bank account took one business day and there were no fees.

>> No.7115148

Are you in the US or the UK? How so?

>> No.7115284

US. Transferred LTC to GDAX, sold for USD, withdrew USD to my checking account.

>> No.7115405

Blockport opening up this year

>> No.7115500

(levi strauss) could end your first line in the future

>> No.7116299

These scumbags changed the merchant code for Credit Card and Debit Card purchases to a cash advance. So not only do they still collect a 4% fee for CC purchases but they don't have to pay CC processing fees and the customer gets fucked over with a Cash Advance Fee. FUCK COINBASE!!