Bubble T wrote: ↑Mon Sep 27, 2021 3:05 am

nerdlinger wrote: ↑Mon Sep 27, 2021 2:33 am

Bubble T wrote: ↑Sun Sep 26, 2021 9:46 pm Don't over complicate it for the sake of being obtuse, it does no one any favours. If you live in a "normal" country you can just buy it from a regular exchange for 0.2% in fees or less. From my experience with them they weren't charging any fees other than the spread (and yes, you also pay the network fees but they are usually very, very low if you're willing to wait a little while).

“Don’t overcomplicate it” followed by hand waving away three separate types of extra fee as nothing when they’re also anything but. Coinbase’s spread is at least 0.5% on top of their flat fees, which are several dollars on top of it even for relatively small amounts, before even starting on transaction fees.

Sure they’re not as high as in Cambodia, but don’t act like I’m being dishonest or obtuse whilst in the same paragraph trying to pretend those fees don’t exist.

Not sure what 3 fees you're talking about. Coinbase, like any other reputable exchange doesn't have a spread unless you use their retail service (unless you're referring to the difference between best ask and best bid, which is rarely more than a fraction of a cent for any high volume asset). They use an orderbook. They use maker/taker fees of between 0.04% and 0.5%. You're talking to someone who works for one of their biggest competitors so it's not like I don't know what I'm talking about with this....

Kammekor wrote: ↑Mon Sep 27, 2021 2:52 pm

Bubble T wrote: ↑Mon Sep 27, 2021 3:05 am

nerdlinger wrote: ↑Mon Sep 27, 2021 2:33 am

Bubble T wrote: ↑Sun Sep 26, 2021 9:46 pm Don't over complicate it for the sake of being obtuse, it does no one any favours. If you live in a "normal" country you can just buy it from a regular exchange for 0.2% in fees or less. From my experience with them they weren't charging any fees other than the spread (and yes, you also pay the network fees but they are usually very, very low if you're willing to wait a little while).

“Don’t overcomplicate it” followed by hand waving away three separate types of extra fee as nothing when they’re also anything but. Coinbase’s spread is at least 0.5% on top of their flat fees, which are several dollars on top of it even for relatively small amounts, before even starting on transaction fees.

Sure they’re not as high as in Cambodia, but don’t act like I’m being dishonest or obtuse whilst in the same paragraph trying to pretend those fees don’t exist.

Not sure what 3 fees you're talking about. Coinbase, like any other reputable exchange doesn't have a spread unless you use their retail service (unless you're referring to the difference between best ask and best bid, which is rarely more than a fraction of a cent for any high volume asset). They use an orderbook. They use maker/taker fees of between 0.04% and 0.5%. You're talking to someone who works for one of their biggest competitors so it's not like I don't know what I'm talking about with this....

Come on Bubble, an exchange worth over a hundred billion USD which doesn't make serious money from their services? O.5% max?

Some number crunching...
Q1 2021 Coinbase's revenue was 1.8 billion based on a 335 billion trading volume. That's 0.537% on average, not max. 0.5%. I know they do make some revenue from other activities but their main source is sell & buy. Well over 90% if I recall well.
Compared to the much more mature stock- and bonds markets the crypto markets, and especially Coinbase, are extremely expensive for regular buyers and sellers.
And this is from an investor's point of view.

Sambodia wrote: ↑Tue Sep 28, 2021 9:52 am

Coinbase's current market cap is <$50B, how is worth over a hundred?

Kammekor wrote: ↑Tue Sep 28, 2021 10:06 am

Sambodia wrote: ↑Tue Sep 28, 2021 9:52 am

Coinbase's current market cap is <$50B, how is worth over a hundred?

I was talking about Q1 2021. Took the est. market cap from April 2021.

Coinbase is worth a lot less now. Since April cryptos plummeted and so did Coinbase's stocks.

John Bingham wrote: ↑Mon Sep 27, 2021 2:37 pm He's Canadian though.

guest two wrote: ↑Mon Sep 27, 2021 4:21 pm Heads up people. My phone was lost / stolen this AM at Khalendale Mall in PP. Before i managed to reassign my telegram account this article was sent to at least some of my contacts.

Highly suspect!