Credit card companies like Visa and MasterCard process hundreds of thousands of transactions in the time it takes Bitcoin to do just one, which is why the network fees are so high. By the looks of it, those behind Bitcoin (miners and developers) cannot agree on how to solve this problem. Therefore, hard …
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Coinbase fees are considered relatively high. The platform charges 4% for credit card deposits, and similar fees for bank transfers. They know that their exchange attracts a lot of newbie cryptocurrency users, and getting money from fiat into cryptocurrency is expensive. That's why if you sign up for Coinbase and try to buy …
I meant network transaction fees. coinbase shouldn't make profit off of those. Why make them so high? I'm okay with paying $0.99 to Coinbase to get my bitcoin.
Dec 13, 2017 … But that comes at a price. Reddit user zhaoshike's screenshots from earlier this year of the price they paid for bitcoin… “We charge fees (“Conversion Fees”) to use the Conversion Service, which vary based on your location, payment method , and other circumstances,” states the Coinbase support page.
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