Hi. I am a Coinbase (not pro) user and I was trying to purchase Ethereum. According to your instruction, I am currently at the place where I have put money into coinbase account. Before confirming add cash, I got an image saying "Buy Crypto Instantly while we wait for your funds. You can cash out your fund in 7 days."

Mar 16, 2024 · Effectively, it is the same as buying a bitcoin ETF, but with higher fees (1% when you buy and another 1% when you sell, so 2% total). If you want to own bitcoin, coinbase is better. But if you just want bitcoin exposure, buy one of the bitcoin etfs.

Apr 2, 2022 · Coinbase is fine to buy bitcoin, just never leave it on any exchange Bitcoin is P2P currency. Storing bitcoins on exchanges, banks or web wallets makes you insecure and makes the whole ecosystem insecure indirectly by centralizing bitcoin. Bitcoin is a bearer asset with ~immutable txs unlike fiat.

Jan 5, 2021 · Today, I tried to buy crypto on Coinbase, as I've done many times before. After being on hold for about 20 minutes, I was told my account was restricted to buying for security reasons. After going round and round with them, they were not allowed to tell me their security reasons (NEVER had an issue with Robinhood, using same account), and that ...

Nov 14, 2017 · Yes. Coinbase tracks prices way higher when you want to buy, and way lower than market when you want to sell, on top of taking a ridiculous fee. If you can, make deposits into Coinbase via bank transfer, and then move it over to GDAX instead. Coinbase is a good on ramp, but GDAX is where you should do the buying and selling.

Dec 23, 2022 · Guess what bitches, it’s still standing as the world around it collapses. Coinbase gets a lot of us anti-radicle normies into the space. I’ve been using it to buy and then transfer off to cold storage since day one. I like using a publicly-traded and US regulated entity. Fuck off haters.

Yes you are correct, the markets are mixed now. But please correct me if I'm wrong. It is still better to use USDC if only because you will get a 5.10% APY and it is better to use Coinbase advanced because you will pay less fees in each trade let alone pay the actual crypto price unlike if you use Coinbase simplified where they tack on a 1.00% spread.

Oct 27, 2021 · It's not an on-chain transaction, so all the stuff I describe above doesn't apply. With a typical exchange account, you're not getting specific bitcoin when you make a purchase. If you buy 0.1 bitcoin, you're basically getting the right to transfer 0.1 bitcoin to an external address if and when you choose to.

Jul 4, 2022 · When you hold your Bitcoin with a custodian you don't actually own them , just IOUs Bitcoin is P2P currency. Storing bitcoins on exchanges, banks or web wallets makes you insecure and makes the whole ecosystem insecure indirectly by centralizing bitcoin. Bitcoin is a bearer asset with ~immutable txs unlike fiat.

Aug 14, 2021 · Use Coinbase if you’re planning on holding coins for a long time. I really just recommend you to use Binance.us or kraken. If you buy $100 worth of bitcoin, your fees are only $0.05 on Binance!!! Hope this helped. Let me know if I missed anything! TLDR; If you really have to use Coinbase, only purchase $200 or more at a given time.