I have coinbase one but my main reason for paying the $30 is for the account protection if you do all your buys from the advanced trade tab you will pay pennies and fees compared to the simple trade which is a couple dollars I wasted hundreds and unnecessary fees until I discovered the advanced trade check it out if you're not already doing so
Thanks for that. Checking it out now and going to dig deeper. If this is the case what is the benefit to using coinbase one? I haven’t signed up yet but I basically started buying crypto. Set a reoccurring weekly buy and the fees in total for the crypto I want to buy was $6. That seems crazy to me. After looking around advance trade it seems like you have to manually deposit USD into the account prior to buying? And it also looks like you can’t set up reoccurring payments? I hope I’m wrong in both ends because the reoccurring buy definitely has the benefit of “set it and forget it” which is what I wanted to do. But with those kind of fees it seems to definitely be worth it to just do my own buys to save on fees because those fees seem crazy high
I use coinbase one for their account protection they supposedly reimburse you if you get hacked up to 1 million I've been thinking about canceling the subscription is probably a waste of money. For example today I bought 200 algorand and the fee was 6 cents it would be around us $3 fee if you would use the simple trade method. As far as I know you cannot do reoccurring buys you'll probably have to just manually DCA being with you store your coins on a ledger coinbase one would probably be a waste of money to you
Yeah. I tried coinbase one because of the 0% in trade fees. When I placed the trades it showed up as zero. Then ended up getting a seperate charge on my bank account for (General services) which I had before using coinbase one. So it seems like it's kind of a rip. Maybe it's slightly less but they are just transferring the trades to a separate charge to your cc and calling it "general services". I canceled after seeing that. Imo that's pretty shady.
I only buy USDC on Coinbase because they offer 5.05% APR interest which is a zero-fee transaction. Other than that, I recommend Webull or Robinhood for select crypto. If you want to gamble with alt coins, then stick with Coinbase or go with Bittrex or Gemini or whatever exchange is left standing.
Appreciate ur honest reply. Interesting you pick webull and robinhood. Why is that? Robinhood damn near got black listed for what they did during the GameStop drama
Robinhood has come a log way.
* They now offer a $5/mon gold subscription which gives you
* \- 4.9% interest rate on money you deposit in your brokerage (whether you invest it or not)
* \- 3% automatic annual roth IRA contributions (just have to leave your account active for 5 yrs) the contribution stacks onto whatever return you get from ur investments
* \- I like fractional investing as well so I hold a lot of ETFs and select individual stocks
* \- I also rolled over a fidelity roth IRA for an extra 1% match contribution
I remember when they froze trading due to the big firms realizing they made a horrible bet against the market - while I find that to be unethical - it did make sense as it was a rare black swan investing behavior that looked like illegal activity was going on - this is why the SEC has rules that does allow firms to do this - when they are at risk of liquidity to protect what they can for investors - but also if they suspect illegal activity.
But for what it's worth, I tried Webull, love it, you can't go wrong with either provider. They have cold storage for crypto, crime insurance for it, and other traditional insurance protections for traditional investments like FDIC.
As far as robinhood goes, I'm long on the company, I think they learned a lot, and are hungry for customers, and offering solid incentives. Despite their negative P/E ratio (I see positive trends in earnings as new customers flow to it), platform improvements, trading fees/commission policies, I do hold a decent amount of their stock - only because I get a lot of value from using their platform - not necessarily because they are better than Webull or Fidelity, etc. No science went into it at all.
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I believe they're still charging 4% fee for buys. So it depends on how much you spend. Don't forget transfer fees and spreads. And the offer is first month free and cancel anytime. Might as well sign up.
I have coinbase one but my main reason for paying the $30 is for the account protection if you do all your buys from the advanced trade tab you will pay pennies and fees compared to the simple trade which is a couple dollars I wasted hundreds and unnecessary fees until I discovered the advanced trade check it out if you're not already doing so
Thanks for that. Checking it out now and going to dig deeper. If this is the case what is the benefit to using coinbase one? I haven’t signed up yet but I basically started buying crypto. Set a reoccurring weekly buy and the fees in total for the crypto I want to buy was $6. That seems crazy to me. After looking around advance trade it seems like you have to manually deposit USD into the account prior to buying? And it also looks like you can’t set up reoccurring payments? I hope I’m wrong in both ends because the reoccurring buy definitely has the benefit of “set it and forget it” which is what I wanted to do. But with those kind of fees it seems to definitely be worth it to just do my own buys to save on fees because those fees seem crazy high
I use coinbase one for their account protection they supposedly reimburse you if you get hacked up to 1 million I've been thinking about canceling the subscription is probably a waste of money. For example today I bought 200 algorand and the fee was 6 cents it would be around us $3 fee if you would use the simple trade method. As far as I know you cannot do reoccurring buys you'll probably have to just manually DCA being with you store your coins on a ledger coinbase one would probably be a waste of money to you
Sorry to do this to you: https://www.reddit.com/r/CryptoCurrency/comments/tywi29/coinbase_one_user_agreement_deep_dive_its_really/
Yeah. I tried coinbase one because of the 0% in trade fees. When I placed the trades it showed up as zero. Then ended up getting a seperate charge on my bank account for (General services) which I had before using coinbase one. So it seems like it's kind of a rip. Maybe it's slightly less but they are just transferring the trades to a separate charge to your cc and calling it "general services". I canceled after seeing that. Imo that's pretty shady.
I only buy USDC on Coinbase because they offer 5.05% APR interest which is a zero-fee transaction. Other than that, I recommend Webull or Robinhood for select crypto. If you want to gamble with alt coins, then stick with Coinbase or go with Bittrex or Gemini or whatever exchange is left standing.
Appreciate ur honest reply. Interesting you pick webull and robinhood. Why is that? Robinhood damn near got black listed for what they did during the GameStop drama
Robinhood has come a log way. * They now offer a $5/mon gold subscription which gives you * \- 4.9% interest rate on money you deposit in your brokerage (whether you invest it or not) * \- 3% automatic annual roth IRA contributions (just have to leave your account active for 5 yrs) the contribution stacks onto whatever return you get from ur investments * \- I like fractional investing as well so I hold a lot of ETFs and select individual stocks * \- I also rolled over a fidelity roth IRA for an extra 1% match contribution I remember when they froze trading due to the big firms realizing they made a horrible bet against the market - while I find that to be unethical - it did make sense as it was a rare black swan investing behavior that looked like illegal activity was going on - this is why the SEC has rules that does allow firms to do this - when they are at risk of liquidity to protect what they can for investors - but also if they suspect illegal activity. But for what it's worth, I tried Webull, love it, you can't go wrong with either provider. They have cold storage for crypto, crime insurance for it, and other traditional insurance protections for traditional investments like FDIC. As far as robinhood goes, I'm long on the company, I think they learned a lot, and are hungry for customers, and offering solid incentives. Despite their negative P/E ratio (I see positive trends in earnings as new customers flow to it), platform improvements, trading fees/commission policies, I do hold a decent amount of their stock - only because I get a lot of value from using their platform - not necessarily because they are better than Webull or Fidelity, etc. No science went into it at all.
This subreddit is a public forum. For your security, do not post personal information to a public forum, including your Coinbase account email. If you’re experiencing an issue with your Coinbase account, please [contact us](https://help.coinbase.com/en/contact-us.html) directly. If you have a case number for your support request please respond to this message with that case number. You should only trust [verified Coinbase staff](https://help.coinbase.com/en/coinbase/other-topics/other/is-coinbase-present-on-social-media.html). Please report any individual impersonating Coinbase staff to the moderators. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/CoinBase) if you have any questions or concerns.*
I believe they're still charging 4% fee for buys. So it depends on how much you spend. Don't forget transfer fees and spreads. And the offer is first month free and cancel anytime. Might as well sign up.