Coinbase network fees, why so High all of a sudden.

Collapse
X
 
  • Time
  • Show
Clear All
new posts
  • miaplus3
    SBR High Roller
    • 03-16-10
    • 227

    Coinbase network fees, why so High all of a sudden.

    I mean 20$ fee to send 100$. Whats up with that?
  • bjb7223
    SBR Posting Legend
    • 11-03-12
    • 10347

    #2
    Originally posted by miaplus3
    I mean 20$ fee to send 100$. Whats up with that?
    They need money for legal fees when the SEC fines them.

    Comment

    • Seattle Slew
      SBR Hall of Famer
      • 01-02-06
      • 7371

      #3
      I get the crypto advantage for payouts, but deposits are just a ripoff. In most cases, the CC fees are lower than you'd pay in cyptco deposit fees between coinbase, coinmama, then the wallet fees. Like you're dealing with your bank.

      Comment

      • Headsterx
        SBR Posting Legend
        • 12-03-16
        • 22154

        #4
        I tried to deposit $10 and fee was $22 for -$12 transaction. 😂

        Comment

        • sweethook
          SBR Posting Legend
          • 11-21-07
          • 12667

          #5
          Originally posted by Headsterx
          I tried to deposit $10 and fee was $22 for -$12 transaction. 
          damit man ..

          Comment

          • Jnas
            SBR Wise Guy
            • 08-26-10
            • 760

            #6
            network congested fees ridiculous no matter where you trade right now

            Comment

            • wombat
              SBR MVP
              • 11-23-20
              • 1020

              #7
              Bitcoin for gambling is not sustainable. Fees are ridiculous. Find books that accept Litecoin. Ltc fees are less than a penny. Bookmaker and Betonline accepts Litecoin.

              Comment

              • bjb7223
                SBR Posting Legend
                • 11-03-12
                • 10347

                #8
                Originally posted by wombat
                Bitcoin for gambling is not sustainable. Fees are ridiculous. Find books that accept Litecoin. Ltc fees are less than a penny. Bookmaker and Betonline accepts Litecoin.
                good to know

                Comment

                • Brock Landers
                  SBR Aristocracy
                  • 06-30-08
                  • 45360

                  #9
                  Originally posted by wombat
                  Bitcoin for gambling is not sustainable. Fees are ridiculous. Find books that accept Litecoin. Ltc fees are less than a penny. Bookmaker and Betonline accepts Litecoin.
                  Excellent advice

                  Comment

                  • wombat
                    SBR MVP
                    • 11-23-20
                    • 1020

                    #10
                    Books that accept bitcoin only will be done within three years if they don’t accept an alternative coin with low fees. Bookmaker and Betonline are ahead of the game and saw this coming years ago.

                    Comment

                    • Brock Landers
                      SBR Aristocracy
                      • 06-30-08
                      • 45360

                      #11
                      Originally posted by wombat
                      Books that accept bitcoin only will be done within three years if they don’t accept an alternative coin with low fees. Bookmaker and Betonline are ahead of the game and saw this coming years ago.
                      So if you deposit at bookmaker with Bitcoin, it's no problem to cash out via Litecoin, for example?

                      Comment

                      • TheMoneyShot
                        BARRELED IN @ SBR!
                        • 02-14-07
                        • 28672

                        #12
                        Originally posted by wombat
                        Bitcoin for gambling is not sustainable. Fees are ridiculous. Find books that accept Litecoin. Ltc fees are less than a penny. Bookmaker and Betonline accepts Litecoin.
                        I tried a different coin once... might have been Litecoin about 2-3 years ago. I can't remember what book I sent it too... I lost $52.00 on the exchange. I don't know what really went wrong? Everything was received in under 5 minutes. My guess is... the exchange which was Gemini... and the book I deposited too... the "going rate" was way off. I think I sent about $1,000.00 It sucks even when other coins aren't consistent either. I bitched to the book... and they stood on the correct rate... which was impossible that I lost $52.00 sh## I never lost $52.00 exchange rate with Bitcoin before. All the coins are fu##ing stupid.

                        Comment

                        • wombat
                          SBR MVP
                          • 11-23-20
                          • 1020

                          #13
                          Originally posted by Brock Landers
                          So if you deposit at bookmaker with Bitcoin, it's no problem to cash out via Litecoin, for example?
                          yes, they will let you withdraw with your choice of coin. You can deposit bitcoin and withdrawal with Litecoin. Their preferred method is Litecoin for everything.
                          Last edited by wombat; 05-07-23, 09:51 PM.

                          Comment

                          • wombat
                            SBR MVP
                            • 11-23-20
                            • 1020

                            #14
                            Originally posted by TheMoneyShot
                            I tried a different coin once... might have been Litecoin about 2-3 years ago. I can't remember what book I sent it too... I lost $52.00 on the exchange. I don't know what really went wrong? Everything was received in under 5 minutes. My guess is... the exchange which was Gemini... and the book I deposited too... the "going rate" was way off. I think I sent about $1,000.00 It sucks even when other coins aren't consistent either. I bitched to the book... and they stood on the correct rate... which was impossible that I lost $52.00 sh## I never lost $52.00 exchange rate with Bitcoin before. All the coins are fu##ing stupid.
                            It’s not like that at Bookmaker, you get the exact rate and they never cheat you. Matter of fact, not many people know this but they will also pay for the cost of buying that coin up to 15%. They are the only book in the industry that pays for your cost of buying crypto. Email them the receipt and they will credit the cost.

                            Comment

                            • Headsterx
                              SBR Posting Legend
                              • 12-03-16
                              • 22154

                              #15
                              Originally posted by Headsterx
                              I tried to deposit $10 and fee was $22 for -$12 transaction. 😂
                              Did litecoin with no fees for deposit. Btw bovada has several crypto options and marketplace to sell/buy into your bovada account via AP, Zelle, Venmo and CA. (Last two closed my accounts… lol)

                              Comment

                              • Git Lo
                                SBR MVP
                                • 02-20-11
                                • 3768

                                #16
                                shitcoins are done, feds are here open up

                                Comment

                                • biggie12
                                  SBR Posting Legend
                                  • 12-30-05
                                  • 13769

                                  #17
                                  1. Fee has nothing to do with coinbase.


                                  2. I dont care if your from US or not. You should not be holding anything in coinbase right now.

                                  3. Keep your money on a dex...


                                  Git Lo is an absolute moron..... Go look at the top coins on ETH and BSC all shit coins all going from under a 250k marketplace to 10+ million some doing 100+ million. thats leaving wojak pepe and other big ones out of the picture.


                                  You guys should be playing on stake or cloudbet. Get a VPN u dont have to worry about KYC and all thay nonesne. Anyone needs help setting up i can help you out just ask. Stop getting taken by these big brand sportsbook .

                                  Comment

                                  • flyingillini
                                    SBR Aristocracy
                                    • 12-06-06
                                    • 41219

                                    #18
                                    Originally posted by miaplus3
                                    I mean 20$ fee to send 100$. Whats up with that?
                                    I got ****** too, unreal, I am never using it again. I will stick to Binance.
                                    המוסד‎
                                    המוסד למודיעין ולתפקידים מיוחדים‎

                                    Comment

                                    • Brock Landers
                                      SBR Aristocracy
                                      • 06-30-08
                                      • 45360

                                      #19
                                      Originally posted by flyingillini
                                      I got ****** too, unreal, I am never using it again. I will stick to Binance.
                                      Use Blockchain.com

                                      Come on pal

                                      Comment

                                      • flyingillini
                                        SBR Aristocracy
                                        • 12-06-06
                                        • 41219

                                        #20
                                        Originally posted by Brock Landers
                                        Use Blockchain.com

                                        Come on pal
                                        I have issues with logging in there from time to time, Binance is for this part of the world. It is smooth, but the fees today are absurd , last time ever I use coinbase and edge
                                        המוסד‎
                                        המוסד למודיעין ולתפקידים מיוחדים‎

                                        Comment

                                        • JIBBBY
                                          SBR Aristocracy
                                          • 12-10-09
                                          • 83685

                                          #21
                                          Greed...

                                          Comment

                                          • Brock Landers
                                            SBR Aristocracy
                                            • 06-30-08
                                            • 45360

                                            #22
                                            Originally posted by flyingillini
                                            I have issues with logging in there from time to time, Binance is for this part of the world. It is smooth, but the fees today are absurd , last time ever I use coinbase and edge
                                            The alt coins are definitely the way to go

                                            Comment

                                            • wombat
                                              SBR MVP
                                              • 11-23-20
                                              • 1020

                                              #23
                                              Use Crypto.com to buy Litecoin if you need a fast and efficient method using your debit or credit card. They have the lowest fees if buying altcoins using debit card around 2%. Cash app is low but you can only buy bitcoin and they will eventually ban you. Crypto.com uses a US processor now so most debit and cc will be accepted and with no foreign transaction fees. I even use Apple Pay to buy through Crypto.com and it goes through fine.

                                              Comment

                                              • wombat
                                                SBR MVP
                                                • 11-23-20
                                                • 1020

                                                #24
                                                I stopped using Bitcoin but if you’re going to use BTC for your transactions, you should bookmark this site. It gives you the real time cost of doing a btc transaction at any point in the day. As you can see, the cost for doing the transaction currently is 400 satoshi which is about $29. That is insane.

                                                This is a Bitcoin fee calculator. Find out what fee's you'll need to pay to get into the next Bitcoin block with our simple to use Bitcoin fee estimator.

                                                Comment

                                                • Brock Landers
                                                  SBR Aristocracy
                                                  • 06-30-08
                                                  • 45360

                                                  #25
                                                  Originally posted by wombat
                                                  Use Crypto.com to buy Litecoin if you need a fast and efficient method using your debit or credit card. They have the lowest fees if buying altcoins using debit card around 2%. Cash app is low but you can only buy bitcoin and they will eventually ban you. Crypto.com uses a US processor now so most debit and cc will be accepted and with no foreign transaction fees. I even use Apple Pay to buy through Crypto.com and it goes through fine.
                                                  I recommend blockchain.com to anyone. All the coins there, CC and DC purchases like clockwork

                                                  Comment

                                                  • raiders72001
                                                    Senior Member
                                                    • 08-10-05
                                                    • 10959

                                                    #26
                                                    The Taproot soft fork has allowed people to insert data on a satoshi creating Bitcoin Ordinals. The NFTs aren't layer two so they are attached and creating this log jam. Another soft fork or Lightning takes care of the problem.

                                                    Comment

                                                    • raiders72001
                                                      Senior Member
                                                      • 08-10-05
                                                      • 10959

                                                      #27
                                                      Originally posted by biggie12
                                                      1. Fee has nothing to do with coinbase.


                                                      2. I dont care if your from US or not. You should not be holding anything in coinbase right now.

                                                      3. Keep your money on a dex...


                                                      Git Lo is an absolute moron..... Go look at the top coins on ETH and BSC all shit coins all going from under a 250k marketplace to 10+ million some doing 100+ million. thats leaving wojak pepe and other big ones out of the picture.


                                                      You guys should be playing on stake or cloudbet. Get a VPN u dont have to worry about KYC and all thay nonesne. Anyone needs help setting up i can help you out just ask. Stop getting taken by these big brand sportsbook .
                                                      biggie - people in the US should run from Stake and Cloudbet. If you win big they will KYC you and confiscate your money. They have even done it to some small time players. I tried to PM you a while back but your mailbox was full.

                                                      Nitrobetting and Betcoin (accepts many cryptos) are the only two bitcoin books for US.
                                                      Last edited by raiders72001; 05-08-23, 01:56 PM.

                                                      Comment

                                                      • wombat
                                                        SBR MVP
                                                        • 11-23-20
                                                        • 1020

                                                        #28
                                                        Originally posted by Brock Landers
                                                        I recommend blockchain.com to anyone. All the coins there, CC and DC purchases like clockwork
                                                        One time I purchased crypto from blockchain.com using my debit card and they put a three day hold before I could send it out. I don’t know if that restriction is still in place.

                                                        Comment

                                                        • Brock Landers
                                                          SBR Aristocracy
                                                          • 06-30-08
                                                          • 45360

                                                          #29
                                                          Originally posted by wombat
                                                          One time I purchased crypto from blockchain.com using my debit card and they put a three day hold before I could send it out. I don’t know if that restriction is still in place.
                                                          Never, it's instant

                                                          Comment

                                                          • milwaukee mike
                                                            BARRELED IN @ SBR!
                                                            • 08-22-07
                                                            • 26914

                                                            #30
                                                            Originally posted by Brock Landers
                                                            Never, it's instant
                                                            that's not true, it's a 3-day hold on cards and 7-day on bank deposits

                                                            • If you'd like to withdraw your funds to a DeFi Wallet or an external address, please wait 3 days (72 hours) for the holding period to complete before doing so. The holding period is designed to protect you from fraud if your debit/ credit card was lost or stolen.

                                                            Comment

                                                            • Brock Landers
                                                              SBR Aristocracy
                                                              • 06-30-08
                                                              • 45360

                                                              #31
                                                              Originally posted by milwaukee mike
                                                              that's not true, it's a 3-day hold on cards and 7-day on bank deposits

                                                              • If you'd like to withdraw your funds to a DeFi Wallet or an external address, please wait 3 days (72 hours) for the holding period to complete before doing so. The holding period is designed to protect you from fraud if your debit/ credit card was lost or stolen.

                                                              https://support.blockchain.com/hc/en...thdrawal-Holds
                                                              That's total bullshit. I just purchased and moved to a book TODAY and instantly. So spread false information elsewhere. Or at best, it's incomplete

                                                              Comment

                                                              • milwaukee mike
                                                                BARRELED IN @ SBR!
                                                                • 08-22-07
                                                                • 26914

                                                                #32
                                                                Originally posted by Brock Landers
                                                                That's total bullshit. I just purchased and moved to a book TODAY and instantly. So spread false information elsewhere. Or at best, it's incomplete
                                                                it's from their own website

                                                                did you deposit on a NEW card today, and use those funds to buy crypto and transfer elsewhere? if the answer is NO then you are the one spreading false information

                                                                i think if you ask 20 posters here, which one of us is the liar, you will get at least 19 votes

                                                                Comment

                                                                • Brock Landers
                                                                  SBR Aristocracy
                                                                  • 06-30-08
                                                                  • 45360

                                                                  #33
                                                                  Originally posted by milwaukee mike
                                                                  it's from their own website

                                                                  did you deposit on a NEW card today, and use those funds to buy crypto and transfer elsewhere? if the answer is NO then you are the one spreading false information

                                                                  i think if you ask 20 posters here, which one of us is the liar, you will get at least 19 votes
                                                                  Dipshit, I deposited from my bank debit card, bought Litecoin thanks to the very discussion in this thread, and sent it immediately to my book.

                                                                  If you have an account at blockchain.com, you can purchase with a card and move it INSTANTLY

                                                                  Comment

                                                                  • milwaukee mike
                                                                    BARRELED IN @ SBR!
                                                                    • 08-22-07
                                                                    • 26914

                                                                    #34
                                                                    Originally posted by Brock Landers
                                                                    Dipshit, I deposited from my bank debit card, bought Litecoin thanks to the very discussion in this thread, and sent it immediately to my book.

                                                                    If you have an account at blockchain.com, you can purchase with a card and move it INSTANTLY
                                                                    you call me dipshit but didn't answer my question... was it a NEW CARD? if it is already on file there, then no hold, but new account/card and there's a hold
                                                                    i guess their website just lies about their policies and anyone believing the website is a dipshit

                                                                    you're telling people to use the website, i wanted to give people a heads up that on new accounts there's a 3-day hold on card, and a 7-day hold on bank transfers... i'm not wrong
                                                                    Last edited by milwaukee mike; 05-08-23, 04:44 PM.

                                                                    Comment

                                                                    • biggie12
                                                                      SBR Posting Legend
                                                                      • 12-30-05
                                                                      • 13769

                                                                      #35
                                                                      Originally posted by raiders72001
                                                                      biggie - people in the US should run from Stake and Cloudbet. If you win big they will KYC you and confiscate your money. They have even done it to some small time players. I tried to PM you a while back but your mailbox was full.

                                                                      Nitrobetting and Betcoin (accepts many cryptos) are the only two bitcoin books for US.
                                                                      i know lots of people doing this and never had issues only on cloudbet and stake.

                                                                      i dont know why i cant receive pms anymore. i wrote my tg in one of the posts come connect that way.

                                                                      Comment

                                                                      SBR Contests
                                                                      Collapse
                                                                      Top-Rated US Sportsbooks
                                                                      Collapse
                                                                      Working...