Post
Topic
Board Service Discussion (Altcoins)
Re: Is coinbase a scam?
by
Bencus
on 14/03/2018, 12:58:30 UTC
I went to order ethereum from from bank account and it took 7 days. I ordered $1000. And when the order went through today coinbase is showing I only have $740 worth of ethereum. Coinbase is getting annoying now with taking forever to do transactions and the high fees along with the IRS tracking everyone on coinbase defeating the cryptocurrency decentralization aspect. I'm just mad I lost $260, I'm assuming the ethereum was "bought" 7 days ago and the price went down which is bs because it should I gaurentee you if I bought ethereum 7 days ago and the price triple then I wouldn't have $3k in my account.

Somebody change my mind and make me like coinbase.

Coinbase can have high fees, and it depends on how you made your order, but it is certainly not a scam.
However 25%+ fees sounds really bad, too much. Maybe you should connect your bank in this issue.

However, I made a transaction from my bank account once, and boy the fees were high. Also, it took plenty of days aswell. So I believe the fees are high because of your chosen method of payment, I believe its because of the transactions between the banks, not because Coinbase's internal system or fees.

You can find information about Coinbase's fees here:
https://support.coinbase.com/customer/portal/articles/2109597-buy-sell-bank-transfer-fees
Any fees higher than that are caused because of the banks, you should hate them, rather than Coinbase.