Coinbase discrepancy on BTC price

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  • rake922
    SBR Posting Legend
    • 12-23-07
    • 11692

    #1
    Coinbase discrepancy on BTC price
    When purchasing BTC on Coinbase why is the price of BTC always higher?

    Here is the price shown on Coinbase







    Here is the price on Gemini




    Why is the price well over 47000 on coinbase yet everywhere else I'm seeing it's under 46990?!!
    11
    They're cool
    0%
    0
    They're skimming off the top... not cool
    0%
    11
  • TheMoneyShot
    BARRELED IN @ SBR!
    • 02-14-07
    • 28672

    #2
    Rake my man.... I've told people about Coinbase skimming the last 4 years. They do it all the time. Gemini.com is the fairest "BUY".
    Comment
    • stevenash
      Moderator
      • 01-17-11
      • 65594

      #3
      Just took this screenshot 20 seconds ago.



      [IMG][/IMG]
      Comment
      • rake922
        SBR Posting Legend
        • 12-23-07
        • 11692

        #4
        ok good to know that the biggest player in crypto is skimming
        Comment
        • rake922
          SBR Posting Legend
          • 12-23-07
          • 11692

          #5
          nash there's a price shown there.... then a price to sell BTC at....and then a price to buy BTC at

          All 3 figures are likely different
          Comment
          • BeatTheJerk
            BARRELED IN @ SBR!
            • 08-19-07
            • 31794

            #6
            Gemini exchange does this to me every single time as well I’m sick and tired of it.
            Comment
            • rake922
              SBR Posting Legend
              • 12-23-07
              • 11692

              #7
              anybody use strike.me ?
              Comment
              • ChuckyTheGoat
                BARRELED IN @ SBR!
                • 04-04-11
                • 37428

                #8
                It's "the rake". Those bastards.
                Where's the fuckin power box, Carol?
                Comment
                • themike78
                  SBR MVP
                  • 07-01-13
                  • 4873

                  #9
                  They also lie when they say conversions are free. I always get a few dollars less when I convert. They are all scams and will all be banned soon anyways.
                  Comment
                  • TheMoneyShot
                    BARRELED IN @ SBR!
                    • 02-14-07
                    • 28672

                    #10
                    Originally posted by BeatTheJerk
                    Gemini exchange does this to me every single time as well I’m sick and tired of it.
                    It might be coincidence? But what I do.... I already know how much I'm going to buy.... once I log in. Say for instance... I haven't logged in... in a week. I hurry up and place the buy within 7 seconds of logging in. I don't want to give the system any chance for adjustment. I used to do this at Coinbase years ago. Once you log in... and dikk around for a minute... that's how fast Coinbase adjusts... the price keeps on going UP UP UP UP.... while everywhere else.... it's not going UP.
                    Comment
                    • ChuckyTheGoat
                      BARRELED IN @ SBR!
                      • 04-04-11
                      • 37428

                      #11
                      Originally posted by TheMoneyShot
                      It might be coincidence? But what I do.... I already know how much I'm going to buy.... once I log in. Say for instance... I haven't logged in... in a week. I hurry up and place the buy within 7 seconds of logging in. I don't want to give the system any chance for adjustment. I used to do this at Coinbase years ago. Once you log in... and dikk around for a minute... that's how fast Coinbase adjusts... the price keeps on going UP UP UP UP.... while everywhere else.... it's not going UP.
                      As if these bastards couldn't make any more $$.
                      Where's the fuckin power box, Carol?
                      Comment
                      • Brewcity
                        SBR High Roller
                        • 01-04-18
                        • 209

                        #12
                        Originally posted by rake922
                        When purchasing BTC on Coinbase why is the price of BTC always higher?

                        Here is the price shown on Coinbase







                        Here is the price on Gemini




                        Why is the price well over 47000 on coinbase yet everywhere else I'm seeing it's under 46990?!!
                        After you actually buy too, you have less than what it says on that screen. They are making bank by screwing us. I'm surprised that they get away with it seeing as they are one of the 1st ones that sold out to the US government from a taxes perspective.
                        Comment
                        • Dr. Fager
                          SBR High Roller
                          • 05-12-11
                          • 244

                          #13
                          On top of skimming, six day hold on USD bank deposits before assets can be sold or transferred is a deterrent for me. Have an account there but rarely use.
                          Comment
                          • yisman
                            SBR Aristocracy
                            • 09-01-08
                            • 75682

                            #14
                            they always skim

                            different price for buying vs. selling

                            and then they tack on a 1.5% fee

                            they make a fortune
                            [quote=jjgold;5683305]I win again like usual
                            [/quote]

                            [quote=Whippit;7921056]miami won't lose a single eastern conference game through end of season[/quote]
                            Comment
                            • flyingillini
                              SBR Aristocracy
                              • 12-06-06
                              • 41219

                              #15
                              It’s just another way they make money
                              המוסד‎
                              המוסד למודיעין ולתפקידים מיוחדים‎
                              Comment
                              • newton0038
                                SBR MVP
                                • 03-07-07
                                • 2389

                                #16
                                Most exchanges are around 2.5% spread from buy and sell. Coinbase putting it to their clients by adding another transaction fee on top of their own spread. Bankruptcy looming for many crypto exchanges and clients that are all in on crypto.
                                Comment
                                • Yulia74
                                  SBR MVP
                                  • 08-28-18
                                  • 1907

                                  #17
                                  their testicles being stretched to the limit by cz at binance, theyre losing a mans fight
                                  Comment
                                  • gobucks
                                    SBR MVP
                                    • 01-15-09
                                    • 1287

                                    #18
                                    Originally posted by Dr. Fager
                                    On top of skimming, six day hold on USD bank deposits before assets can be sold or transferred is a deterrent for me. Have an account there but rarely use.
                                    I wish it was 6 days for me....they just gave me a 14 day hold before funds could be transferred or withdrawn.
                                    Comment
                                    • Dr. Fager
                                      SBR High Roller
                                      • 05-12-11
                                      • 244

                                      #19
                                      That's ridiculous for a method of moving funds that's supposed to be expeditious. When I first started offshore, I had to use Fedex which was far better than what Coinbase currently offers. They are pathetic.
                                      Comment
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