Coinbase Info/Update

[Sam Odom]

[jjgold]

Thanks Sammy

Helpful

[TheMoneyShot]

Um... at 3.7%???? That's way too high.

Coinbase clearly doesn't want your business. Forcing you to look elsewhere.

One dumb company.

[Sam Odom]

Circle's DC is 'free'

[QuangX]

Circle's DC is 'free'

How do we know what price circle is buying in bitcoin with? for example $650 per coin or $680 per coin. they don't list any sort of pricing..

[Sam Odom]

that is why 'free' was used

some of the price can be recoup if one knows what to do

[OckertCR]

Same $40 daily limit as with a debit card I am assuming

[TheMoneyShot]

Same $40 daily limit as with a debit card I am assuming

I believe it's a default of $250 now. But you're paying 3.75% each time. Coinbase raping people.

[TheMoneyShot]

How do we know what price circle is buying in bitcoin with? for example $650 per coin or $680 per coin. they don't list any sort of pricing..

Quang... I just logged into Circle. Click "Buy Coins" and when it takes you to the next screen... it shows you the price when you select how many Bitcoins you want. It seems like it is FREE for the transaction... but the coins are marked up. $6 - $7 above Coinbase pricing.

Unreal these companies.

[ThaWoj]

Quang... I just logged into Circle. Click "Buy Coins" and when it takes you to the next screen... it shows you the price when you select how many Bitcoins you want. It seems like it is FREE for the transaction... but the coins are marked up. $6 - $7 above Coinbase pricing.

Unreal these companies.

Yeah but u get the same "markup" in your favor when you go to sell on circle. And it's free to sell.

[jjgold]

Good for small transactions

[CWD]

Circle's DC is 'free'

they selling btc at 676 right now most at 670

[lonegambler23]

i give up with this bitcoin bs. idk how im getting my money out of 5dimes now

[CWD]

Quang... I just logged into Circle. Click "Buy Coins" and when it takes you to the next screen... it shows you the price when you select how many Bitcoins you want. It seems like it is FREE for the transaction... but the coins are marked up. $6 - $7 above Coinbase pricing.

Unreal these companies.

this

[Sam Odom]

try to hook-up with someone locally... better deals sometimes

just be safe

[The Giant]

Any advantage to selling it to PayPal?

[Sam Odom]

Any advantage to selling it to PayPal?

used PP card to w/d cash but not large money

[The Giant]

used PP card to w/d cash but not large money

I'm just wondering if it looks better going to your bank from PayPal instead of Coinbase.

[Sam Odom]

Coinbase is as legit as PP

the amount is what one needs to lookout for

[The Giant]

How would you send $50,000 from Coinbase to your bank?

Small increments over a good length of time?

[downsouth]

I'm just wondering if it looks better going to your bank from PayPal instead of Coinbase.

I can't imagine its going to matter either way. In the event you are ever audited by the IRS you're going to have to explain the transfers from either provider.

[Sam Odom]

Giant , buy a lot of gift cards using btc

[The Giant]

I can't imagine its going to matter either way. In the event you are ever audited by the IRS you're going to have to explain the transfers from either provider.

Yeah, you're right. I just thought mixing up the appearances on the transactions might be useful, but probably not. I do like the option of being able to buy things right away, though.

[raiders72001]

https://www.gyft.com/bitcoin/

[raiders72001]

How would you send $50,000 from Coinbase to your bank?

Small increments over a good length of time?

Keep all transactions under $10k. What are your concerns with getting $50k to your bank? taxes, account being closed?

[TheMoneyShot]

Any advantage to selling it to PayPal?

I don't see one advantage going through PayPal.

1. 3.75% transaction fee with Coinbase

2. Paypal could keep track of money coming in and report it depending on your volume.

Would never use Paypal.


Would rather risk Coinbase or Circle giving irs figures.

[TheMoneyShot]

Yeah, you're right. I just thought mixing up the appearances on the transactions might be useful, but probably not. I do like the option of being able to buy things right away, though.

Get that BitPay card everyone is talking about Giant. Go check that thread out in the Bitcoin area of SBR. Best thing in a long long long time.

[Sam Odom]

Have not used CB in a good long while until this morning... as soon as Sammy used it got this email from them:






Thought they did not want to be Big Time ??

Fees suck ass

[mrpapageorgio]

Have not used CB in a good long while until this morning... as soon as Sammy used it got this email from them:






Thought they did not want to be Big Time ??

Fees suck ass

It'd be nice to have that option on my account, but for whatever reason they still won't give me the instant buy ability. However, Cash App has allowed me to instantly buy and withdraw Bitcoin for months. As I said, not clamoring for it since I have Cash App, but would be nice to have options considering it'd be nice to have the option to buy and withdraw ETH and Litecoin instantly.

I'm already at $22.5k limit for bank purchases and $1875 for CC purchases (and automatically eligible for a higher CC limits in 12 days), but have used none of it since CC fees suck and I can't do ACH instantly. 1.5% ACH purchases aren't terrible, but having to wait a week doesn't make it worth it.

[chico2663]

Sammy ,i have gdax acct also. When i get ready to buy on coinbase i transfer my coins to gdax and then buy

[Brewcity]

It'd be nice to have that option on my account, but for whatever reason they still won't give me the instant buy ability. However, Cash App has allowed me to instantly buy and withdraw Bitcoin for months. As I said, not clamoring for it since I have Cash App, but would be nice to have options considering it'd be nice to have the option to buy and withdraw ETH and Litecoin instantly.

I'm already at $22.5k limit for bank purchases and $1875 for CC purchases (and automatically eligible for a higher CC limits in 12 days), but have used none of it since CC fees suck and I can't do ACH instantly. 1.5% ACH purchases aren't terrible, but having to wait a week doesn't make it worth it.

Yeah, i finally got that instant purchase thing with bank account. Looks like its a fee of 1.5%. Can deposit up to $10,000 per day. I can trade instantly...but i cannot withdraw back to my bank or to an external btc address for 10 days. All that hype for nothing. Thought i could deposit and send instantly. Does me no good when trying to deposit to book right away.

[Sam Odom]

verified bank debt/credit card is the only way to do SAME day buys and send

Fees suck

[Brewcity]

verified bank debt/credit card is the only way to do SAME day buys and send

Fees suck

Yeah, all that hype for instant buys with bank account and you cant send right away...useless to me.

[lanechase]

How would you send $50,000 from Coinbase to your bank?

Small increments over a good length of time?

That's a good problem to have! 😁

[JIBBBY]

Can you pull real money out directly from your bitcoin wallets instead of transfer and using Coinbase?

I never tried it with Block Chain.. Never even looked into it yet.. Just thought of it now.. Always cashed out thru Coin base in the past.