Breaking News: Coinbase Changes Fees To Accommodate Super Rich

in coinbase •  6 years ago 

Literally 60 minutes ago Coinbase fees changed to this:

coinbase-fee-change.png

From this

0.25% taker fee
0% maker fee

poop-money-turd.jpg

This is a total Goldman-Sachs move; I can smell it, and it stinks like shit.

The reason for doing this is to "increase liquidity". They must not gain much liquidity from users who trade less than $100,000 a month.

I also believe they've gotten rid of stop-loss orders, which will stop Ethereum from flash crashing into the dirt... which is good... or bad if you were looking to buy the dip on a $20 Ethereum flash crash.

If I'm being honest, I thought it was pretty crazy that one could get money onto Coinbase for free. Create a maker trade for zero fees, and then transfer the money offsite for free as well. I guess those days are over.

QQ

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

Oh dear.

So, how long do you think people have to get their coins off of coinbase, before they disappear?


And, the exchanges didn't smell that good before.
Now, i am sure they are making money some other way, which usually involves fake amounts of coins and fleecing little people.

I recommend always using a hardware wallet and just keep what your trading on exchanges.

Posted using Partiko iOS

A trading exchange will always find a way to maximize their return.

Posted using Partiko Android

Oh man I need to pull my assets out of there before they disappear. Wonder what wallets I need to move to.

Posted using Partiko iOS

Why would your assets disappear in the wake of a minor fee hike?

I don't really trade on coinbase, but am enjoying all the crypto giveaways they've been doing recently.

Dear edicted:

We are SteemBet, the next generation STEEM based gaming platform. We are honored to invite you to join our first fantastic dice game, which is just the beginning of SteemBet game series. Our dividend system has now launched. The prize pool has already accumulated 2,000 STEEM and more than 60 players have participated in staking mining token SBT. A huge reward of 40,000 STEEM is awaiting! Join us NOW with other 500 STEEM users to loot HUGE dividend reward!!

SteemBet Team

Official Website
https://steem-bet.com

Discord Server
https://discord.gg/95cBN3W

Telegram Group
https://t.me/steembet

Stop the spam

Posted using Partiko Android

lol I literally read the username as @spam-bet instead of @steem-bet.

Binance

Posted using Partiko Android

Sure, but I still use Coinbase to actually get money from my bank account into the cryptosphere.

I use Gemini they have a 1% Maker and Taker Fee but I only use it as a fiat gateway. I like them more than Coinbase personally.

Posted using Partiko iOS