2 ms·
Right, and on Coinbase a round trip costs you 1%, or USD 420. Last time I looked (when they IPOd), Coinbase alone syphons off 0.4% of the entire crypto market c
by FabHK 5y ago
Right, and on Coinbase a round trip costs you 1%, or USD 420. Last time I looked (when they IPOd), Coinbase alone syphons off 0.4% of the entire crypto market cap in fees every year. Traditional equity exchanges are dreaming of margins like that.
- syspec 5y agoSo true! I even picked Binance in my example because their relatively "low" fees, I should have noted Coinbase as an even more egregious example
- jacinabox 5y agoThe fees for buying using credit or debit card are still 2.5% (5% round trip). I always assume that savvy users use coinbase pro by moving crypto in from other exchanges where trade fees are better; but then an exchange where you have to do that isn't exactly the full package experience.