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The reason this is different is because the fee does not go to Coinbase at all. It goes to the Ethereum network. If cash app could prove they got zero profit fr
by amanj41 4y ago
The reason this is different is because the fee does not go to Coinbase at all. It goes to the Ethereum network. If cash app could prove they got zero profit from a service fee that could be one thing. In this case, Coinbase can prove exactly how much the gas fee was and that they do not take a cut of this "fee"
- lcnPylGDnU4H9OF 4y agoYes, I think I was mistaken. My thinking was based on a previous title, which didn't specify Coinbase "Wallet" and included the phrase "exchange fees". If they were the fees from Coinbase's trading application, they wouldn't be strictly the gas fees as charged by the Ethereum network. Tweets in the thread also specify gas fees and this is exclusive to NFTs, so I suspect the fees in question are indeed the network gas fees. Sorry for the confusion.
- amanj41 4y agoTotally understandable :)