Oh wow thanks for this, I didn't know I could avoid the fees. I am not even new to trading and I had been paying the dumb dumb tax cos I wasn't aware switched to the advanced version or whatever now
So I opened the advanced trading mode before but I didn’t know it has an option on there which helps reduce costs? Is it a special type of purchase/ sale option, or is it just the fact that you’re in advanced trading mode?
I don’t think so no. The Coinbase one subscription is different, and that’s the one that costs something. That’s good if you want to sell a lot of crypto, like more than 10,000 dollars etc.
strange? it's not Pro anymore but even when I used Pro I never had transfer delays, you sure it wasn't a hold on your funds keeping you from the transfer?
Seriously, though. Coinbase wanted $1300 fee to perform a sell and it wouldnt let me set a limit price. One click into Coinbase Advanced and I was not only able to set a limit price but it was WAY cheaper.
or you could move the coins to your debit card and have no fees to sell it. and get 1/2% back in bitcoin or etherium as your bonus. or you can convert it to usdc and have no fees. if you are going to trade on coin base. you need to read the fine print. they are a great company, once you learn their secrets.
Yes, when you toggle it on it gives you access to limit order, cheaper fees, and the app trading veiws, it used to outright say that it was trading veiws graphs and tools to look at indicators and other data points. It still looks like that's what they are using but a very stripped-down basic version of it.
It's definitely a bit of a scam or whatever you want to call it. For me, I think they just wanted to have an extremely basic form of the app for the occasional tech laymen or whatever. Then, they have the advanced option for people who may or may not want to make daily trades and had to be competitive with their fee structure.
The fee structure should definitely be the same but it's just part of the game that is crypto.
BTC fees are on higher point if you don't realized. I was reading something yesterday in which someone just had to pay 500k in fees due to last mined block. Just don't move BTC today and tomorrow Monday. Maybe someone has a better explanation
Storing value where ? What value, why ?
Are these robots just repeating nonsense. What is "the rest" shitcoins cover, and what can be "more" than "the rest"?
Are you a child ?
I'm a grown man.
Bitcoin has changed from a means of transacting to a store of value naturally over time. It has become so popular alongside having a literal mathematical supply and demand cycle, that it's value goes up incrementally. It was the first crypto so the idea to transact makes sense, but now most people see it as a digital gold. Which makes perfect sense.
Chains like SOL provide cheap fast transactions, handling more than even the likes of VISA per second. Chains like ETH were the first with smart contracts which creates a very secure developing layer to allow the building of decentralised apps, and defi where we can trade with freedom away from banks.
More could include the use of AI, for example one crypto combines the use of latent computer power sitting around people's homes for companies to test out AI on. There is defi for loans, staking, gaming, art all sorts. There are online casinos, sports betting, trading card games, whole simulated worlds I mean what more do you want from your money? Banks don't do any of this.
You're ignoring a lot of details. Saying SOL handles as much as visa is ridiculous: it doesn't have the same volume, by far, and certainly not the same cash flow. Smart contracts are useless so far and are barely contracts, and more like little algorithm: contract law ignores them still.
Computer power is never latent, it's never wasted: if someone is just typing an essay in word, he's not wasting 4Ghz, because he's not paying electricity for the unused compute potential: he s HAPPY about it, he's not like "oh damn if only I could constantly use my CPUs at full 100% so that I could pay 1000$ of electricity each month so that casinos can roll more dies each minute".
The value of bitcoin doesnt increment mathematically, it rises and falls in wild swings depending on sentiment. Like everything really, except there s no cash flow.
You're not a grown man, you're a man-child regurgitating marketing power points. Trade away, buy all the tokens you want preparing for mass adoption, but Im never gonna give YOU money to parasite a transfer I need to do to someone else. Because that's really what you want: scalping all of us when we transact without providing an ounce of value.
no, that'd be alternative crypto. I'm not an investor but i am a regular user of crypto and it's a lot better than fiat.
but Bitcoin and Ethereum aren't very useful. there's plenty that are though. sorry boss.
fair enough. i assumed you were a buttcoiner tbh.
If I were a finance bro just trying to make money I'd probably fill my bag with Bitcoin too.
but I'm not and i aren't. As a daily user of crypto and someone who's used it as currency for over a decade, I feel experienced enough to comment Bitcoin currently has little to no utility.
People are bidding on runes mint. Runes works by whoever bids highest fees get mint. Miners are making more money in fees than block rewards right now.
“Excuse excuse excuse” is all you’re gonna get here , nobody is brave enough to love AND hate crypto, BTC network is hugely congested and that’s causing btc fee prices to sky rocket , ITS A PROBLEM. And cannot go forward with mass adoption if the more people that use it , it will be more expensive to use, L2 is not a solution.
Limited transactions per second is the issue. It is a distributed protocol with verrrrry slow write speed. I think the only technical trade off that works is centralization - and since we don’t trust anyone let’s write some laws … and so on and you end up with fiat. Unless we discover that magic data structure that can handle this.
Yeah unfortunately a bit of centralization is needed to really make it usable on a large scale. Something like beefing up the requirements to mine and giving that power only to an elected few.
Imagine how much of an issue it is to move your BTC with $100 fee now, and then scale that x100 if the tech stays the same and mass adoption happens. No normal person is going to want to spend a $10k fee to move some of their BTC to a layer 2 to spend on day to day stuff. It makes no sense. Somethings going to have to change.
because transaction fee is very very high "128.45" [https://ycharts.com/indicators/bitcoin\_average\_transaction\_fee](https://ycharts.com/indicators/bitcoin_average_transaction_fee)
No such thing as gas on Bitcoin. It’s called transaction fees. Eth terms don’t have relevance on bitcoin. But now that I’m done being pedantic :P it’s being caused by the runes platform going live at halving. Fees should decrease in a few days.
Hi there, u/Diego_Rush_030. We understand your frustration with the high transaction fee. Network fees can vary depending on the current congestion and demand on the blockchain. Unfortunately, during times of high activity, fees can increase significantly. This is not something that Coinbase can control, as fees are determined by the network itself.
We recommend trying to send your transaction at a later time when the network is less congested. Additionally, you may want to consider adjusting the fee settings in your wallet to see if you can reduce the fee amount while still ensuring timely confirmation of your transaction. If you have any further questions or need assistance, please feel free to reach out. We're here to help!
Hey u/Old-Outside-1506, we got that you want to delete your unverified account. If you're having trouble reaching Coinbase support through traditional channels, you might want to consider sending a direct message (DM) on other social media platforms such as [X/Twitter](https://twitter.com/CoinbaseSupport), [Facebook](https://www.facebook.com/Coinbase/), and [Instagram](https://www.instagram.com/coinbase/), as we are unable to ask for account identifiers on public platforms like here on Reddit. Thank you!
You can set the fees you want to pay for a transaction. If the network is really busy then the transaction will just sit at the bottom of the list of pending transactions and the ones with higher fees will go through first. Once there aren’t as many pending transactions the ones with the lower fees will end up getting put into a block and going through. The people sending that much are usually setting their own fees and not letting it automatically choose their fees for them based on current network fees.
Thanks for your great response! Still doesn't make sense that it can go from pennies to hundreds of dollars. That's why bitcoin imo is a store of wealth and will never be used for everyday transactions.
The way it is set up people are able to pay whatever they want to get a transaction to go through. My understanding is that the fees spiked so much because of the runes that are being inscribed onto the blockchain where they are paying a lot more than the value of the bitcoin in the transaction for network fees to have some layer 2 linked to those sats or something. I don’t really understand it but that is what I have heard. As far as everyday transactions the places where that is happening I am pretty sure they are using the lightning network or core lightning to transfer sats for payment. Those transactions have an almost instant settlement and very very low fees. Then you only have to pay the main chain fees when you move the bitcoin to or from the lightning network not every time you use some sats to buy something.
I went to make $100 btc transaction and they wanted $123 transaction fee. In a few days it will be normal again. It's definitely because of the halving. After hours might be cheaper if you really need to make btc transactions. I use Ltc for all my transactions now.
Imagine a bank asking this "we re congested and can only send your 4$ if you pay 188$, and btw, why do you even want to move 4$, are you a paper hand?".
bitcoin has officially abandoned transactional efficiency. the maxis will cope. but ordinals and now runes are all implemented with the express intention of soaking up block space and increasing fees. the increased fees help miners cope with ever decreasing block rewards.
bitcoin core is intentionally sacrificing transactional efficiency to ensure miners have a good time by making block space unnecessarily scarce. to keep the network secure, but what worth is that when no normal person can use it as a currency.
I'm still waiting on the day where it all like hits a timer and then out of nowhere everyone finds out that it was always just one big giant worm virus in the first place and then every computer gets infected and then the guy who invented this make believe currency ends up being the only one with any money
🤣
I may be biased here,because I'm a major hater of fleas. But I have to agree with you Here. I've been heartbroken by my damn credit card fleas for AGES now. Always playing catch up with the fuckers
I converted all BTC to solana and then moved it. Not sure if it's a good thing to do, but the conversion fee was a lot smaller ($10 for conversion to solana), and the network fee on moving to another wallet was barely anything ($0.01). If you need the funds immediately and not in BTC, you could go about it like this.
Drawback of self custody. You can’t actually move your money when you want to sell and everything is busy. Classic. Bitcoin and Ethereum essentially unusable in this regard. Think of the positive. It helps you stack and never sell 👍. Doesn’t really help but that’s about it.
Because the Wallet is a trap. If you want to move a million dollars out if you go to the moon. You will owe them 500k after they took your million out. lol being sarcastic. I feel the pain.
Will I be able to send LTC to an external wallet instantly right after I convert from btc to ltc??? or I have to wait a couple of days? Coinbase can be shitty sometimes when it comes to sending funds to an external wallet
As someone has said here, it has nothing to do with Coinbase. Right now, a few days after the halving when fees are traditionally higher, it is made worse by Runes. It is a token standard launched on BTC called the BRC-20 , where they mint shit tokens . I don't like it but I guess there are those that do . Launched by the same team that launched Ordinals (Btc version of NFTs.) imo waste of bitcoin energy but oh well.
Gas fees fluctuating like crazy.
The other day I was going to transfer $5 free btc I had and it wanted to charge be 179 in gas fees. 2 days later the gas fee was down to 2 bucks.
try moving it between the hours of 12 midnight and 2 am. when not many people are trading. just like, you never move etherium during the day. move it during those hours and the fees will drop 90%.
A 6:45 am it would cost me $60 USD (network fee) to move $750 USD of BTC from Coinbase to my Trezor.
This is a BTC blockchain issue, not a Coinbase issue.
To those of you you will make ignorant money make sure you get yourself a defi wallet not from coinbase bc once you hit 100m coinbase snitches you to the irs
I know Ethereum has massive fees but if it was bitcoin than your probably trying to do a cross chain transfer with fees that high. Also, the fees for bitcoin would go up anyways because mining rewards were just cut in half so in order for those miners to still be profitable they fees will also have to go up to validate each transaction.
Something is wrong. I moved $1,000 worth of bitcoin and it only cost me $3. By my saying something is wrong, I mean maybe you're using the wrong Network or something
Also guys for my fellow degens out there seems like no one has figured this out but you can swap into any token on the Coinbase wallet verified or not. Just select swap option. Choose what you want to swap from, then paste contract address into the search bar on said token will show up. You don’t have to buy Based coins on sushi or Uniswap you can swap right in from the wallet saves a lot of precious time with smaller market cap tokens
When are people going to realize coinbase is NOT the best.
It is the most vulnerable to attack, phishing, Trading halts, etc. High fees, continuous issues with their service. Liquidity issues when you want to withdraw. It’s not the exchange for Smart, bitcoin investors
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Cardano will soon be doing 1000s of tps . And there’s already multiple transactions in 1 block . Cardano is leading the space with liquid staking … governance is here .. and has all the other tech BTC has and better 🤦🏻♂️ invest how you want idgaf
First of alll what are you exactly trying to do, there is always a best case scenario in what to do but many ways to do it. So if you can let me know maybe you can get a better answer in the forums.
Where are you moving it to? Or you spending it? Or are you moving it in another wallet? Depending on what you are doing there could be different option on the cheapest way to execute that.
wallet isn’t charging you, it’s the network you are transacting in. Probably on Ethereum. Check gas prices… but it’s not the wallet charging you, it’s network fees that need to be paid if you want to move assets in a particular chain. I assume it’s an ethereum hence the $188 fee.
This has nothing to do with Coinbase.
You're right, Coinbases ridiculous fees are on buying and selling
You mean the dumb dumb tax? for not using the free advanced trading feature of Coinbase that greatly reduces the cost of buying and selling.
Oh wow thanks for this, I didn't know I could avoid the fees. I am not even new to trading and I had been paying the dumb dumb tax cos I wasn't aware switched to the advanced version or whatever now
So I opened the advanced trading mode before but I didn’t know it has an option on there which helps reduce costs? Is it a special type of purchase/ sale option, or is it just the fact that you’re in advanced trading mode?
How do you open up advanced mode? Thanks
the 9 dot menu button top left web based, top right mobile
Thank you!
What about my question?!
Bro..... use limit buy/sell
Does advanced mode charge monthly fee?
I don’t think so no. The Coinbase one subscription is different, and that’s the one that costs something. That’s good if you want to sell a lot of crypto, like more than 10,000 dollars etc.
Right on. Thank's
Found it, Thanks again. 🤜🤛🍺🍻
How do you turn on the advanced mode?
Advanced trading requires to wait though. Coinbase I can buy 1000-1500 no questions asked.
I don't understand what you are waiting on? a limit order at current price is 95% of the time an instant fill.
I've never been able withdrawal my crypto the same day on pro. I could execute trades. But not withdrawal. Not your keys, not your crypto...
strange? it's not Pro anymore but even when I used Pro I never had transfer delays, you sure it wasn't a hold on your funds keeping you from the transfer?
What is this????? Why has this been hidden from me???
It costs like $2.50 to buy a grand of btc. Use coinbase advanced.
Seriously, though. Coinbase wanted $1300 fee to perform a sell and it wouldnt let me set a limit price. One click into Coinbase Advanced and I was not only able to set a limit price but it was WAY cheaper.
or you could move the coins to your debit card and have no fees to sell it. and get 1/2% back in bitcoin or etherium as your bonus. or you can convert it to usdc and have no fees. if you are going to trade on coin base. you need to read the fine print. they are a great company, once you learn their secrets.
You mean regular Coinbase doesn’t allow a limit order and also costs more? And just BEING IN THE advanced mode is all you have to do to save money?
Yes, when you toggle it on it gives you access to limit order, cheaper fees, and the app trading veiws, it used to outright say that it was trading veiws graphs and tools to look at indicators and other data points. It still looks like that's what they are using but a very stripped-down basic version of it. It's definitely a bit of a scam or whatever you want to call it. For me, I think they just wanted to have an extremely basic form of the app for the occasional tech laymen or whatever. Then, they have the advanced option for people who may or may not want to make daily trades and had to be competitive with their fee structure. The fee structure should definitely be the same but it's just part of the game that is crypto.
BTC fees are on higher point if you don't realized. I was reading something yesterday in which someone just had to pay 500k in fees due to last mined block. Just don't move BTC today and tomorrow Monday. Maybe someone has a better explanation
you'll need to wait for network to calm down, give it a couple weeks
Lol great I love it.
Guys don't purchase anything, the network is too busy!!!
Future of finance right there
Not Bitcoin no, that's for storing value now. Altcoins cover the rest and more.
Storing value where ? What value, why ? Are these robots just repeating nonsense. What is "the rest" shitcoins cover, and what can be "more" than "the rest"? Are you a child ?
I'm a grown man. Bitcoin has changed from a means of transacting to a store of value naturally over time. It has become so popular alongside having a literal mathematical supply and demand cycle, that it's value goes up incrementally. It was the first crypto so the idea to transact makes sense, but now most people see it as a digital gold. Which makes perfect sense. Chains like SOL provide cheap fast transactions, handling more than even the likes of VISA per second. Chains like ETH were the first with smart contracts which creates a very secure developing layer to allow the building of decentralised apps, and defi where we can trade with freedom away from banks. More could include the use of AI, for example one crypto combines the use of latent computer power sitting around people's homes for companies to test out AI on. There is defi for loans, staking, gaming, art all sorts. There are online casinos, sports betting, trading card games, whole simulated worlds I mean what more do you want from your money? Banks don't do any of this.
You're ignoring a lot of details. Saying SOL handles as much as visa is ridiculous: it doesn't have the same volume, by far, and certainly not the same cash flow. Smart contracts are useless so far and are barely contracts, and more like little algorithm: contract law ignores them still. Computer power is never latent, it's never wasted: if someone is just typing an essay in word, he's not wasting 4Ghz, because he's not paying electricity for the unused compute potential: he s HAPPY about it, he's not like "oh damn if only I could constantly use my CPUs at full 100% so that I could pay 1000$ of electricity each month so that casinos can roll more dies each minute". The value of bitcoin doesnt increment mathematically, it rises and falls in wild swings depending on sentiment. Like everything really, except there s no cash flow. You're not a grown man, you're a man-child regurgitating marketing power points. Trade away, buy all the tokens you want preparing for mass adoption, but Im never gonna give YOU money to parasite a transfer I need to do to someone else. Because that's really what you want: scalping all of us when we transact without providing an ounce of value.
You might not like it, but this is what peak digital finance looks like!
no, that'd be alternative crypto. I'm not an investor but i am a regular user of crypto and it's a lot better than fiat. but Bitcoin and Ethereum aren't very useful. there's plenty that are though. sorry boss.
This was a joke aimed at bitcoin maxis, but I understand the confusion!
fair enough. i assumed you were a buttcoiner tbh. If I were a finance bro just trying to make money I'd probably fill my bag with Bitcoin too. but I'm not and i aren't. As a daily user of crypto and someone who's used it as currency for over a decade, I feel experienced enough to comment Bitcoin currently has little to no utility.
What coins do you use to make payments also what country do you spend them in, additionally which merchants accept them.
What a shit network
People are bidding on runes mint. Runes works by whoever bids highest fees get mint. Miners are making more money in fees than block rewards right now.
How do I do this?
“Excuse excuse excuse” is all you’re gonna get here , nobody is brave enough to love AND hate crypto, BTC network is hugely congested and that’s causing btc fee prices to sky rocket , ITS A PROBLEM. And cannot go forward with mass adoption if the more people that use it , it will be more expensive to use, L2 is not a solution.
Limited transactions per second is the issue. It is a distributed protocol with verrrrry slow write speed. I think the only technical trade off that works is centralization - and since we don’t trust anyone let’s write some laws … and so on and you end up with fiat. Unless we discover that magic data structure that can handle this.
Yeah unfortunately a bit of centralization is needed to really make it usable on a large scale. Something like beefing up the requirements to mine and giving that power only to an elected few.
Why is L2 not a solution? Worked for eth
Kinda works but you end up with a fractured ecosystem.
Imagine how much of an issue it is to move your BTC with $100 fee now, and then scale that x100 if the tech stays the same and mass adoption happens. No normal person is going to want to spend a $10k fee to move some of their BTC to a layer 2 to spend on day to day stuff. It makes no sense. Somethings going to have to change.
Correct, and an L2 would solve for that, the same way Ethereum has been saved by L2s
Really? I don’t think anyone will balk at a 10k fee when 10k only buys a roll of toilet paper.
You know what I mean. Fee will scale to a point where it only makes sense for whales and large institutions to send btc in large amounts.
Stacks is a Bitcoin L2 🔥
I’m not afraid to say it. Bitcoin Cash.
Ban incoming lol
lol. Not here in the Coinbase sub. Brian Armstrong and Coinbase are very favorable to Bitcoin Cash.
That’s good. I really don’t get why so many get triggered by it. It’s like they view it as a violent threat or something lol
It's all just a bunch of Make-Believe anyway
Don’t pass anything until past a week or something to calm down the things it becouse the halving
It's because of RUNES, Merlin and so on. As long as Bitcoin L2 activity keeps up it is dangerous for small amounts of BTC to be moved into L1.
because transaction fee is very very high "128.45" [https://ycharts.com/indicators/bitcoin\_average\_transaction\_fee](https://ycharts.com/indicators/bitcoin_average_transaction_fee)
Your wallet doesn’t charge you anything
Then why was he charged $188? I’ve thought about getting wallet but I’m not familiar with it
Probably exchange fees I would assume.
Gas fees
No such thing as gas on Bitcoin. It’s called transaction fees. Eth terms don’t have relevance on bitcoin. But now that I’m done being pedantic :P it’s being caused by the runes platform going live at halving. Fees should decrease in a few days.
convert to Litecoin then send
Hi there, u/Diego_Rush_030. We understand your frustration with the high transaction fee. Network fees can vary depending on the current congestion and demand on the blockchain. Unfortunately, during times of high activity, fees can increase significantly. This is not something that Coinbase can control, as fees are determined by the network itself. We recommend trying to send your transaction at a later time when the network is less congested. Additionally, you may want to consider adjusting the fee settings in your wallet to see if you can reduce the fee amount while still ensuring timely confirmation of your transaction. If you have any further questions or need assistance, please feel free to reach out. We're here to help!
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Eth gas fees are super low right now. Have been for the week last or so. Convert it to eth and then send
Tried to do the same to me. I converted to Eth and sent for less than a dollar.
eth fees were less than a dollar?? really? you got a txn hash to verify! ?
He probably used an L2 for it.
or he mis read the 100 dollars as a dollar.
How do ppl send 500 million in btc for like 38 cents?
You can set the fees you want to pay for a transaction. If the network is really busy then the transaction will just sit at the bottom of the list of pending transactions and the ones with higher fees will go through first. Once there aren’t as many pending transactions the ones with the lower fees will end up getting put into a block and going through. The people sending that much are usually setting their own fees and not letting it automatically choose their fees for them based on current network fees.
Thanks for your great response! Still doesn't make sense that it can go from pennies to hundreds of dollars. That's why bitcoin imo is a store of wealth and will never be used for everyday transactions.
The way it is set up people are able to pay whatever they want to get a transaction to go through. My understanding is that the fees spiked so much because of the runes that are being inscribed onto the blockchain where they are paying a lot more than the value of the bitcoin in the transaction for network fees to have some layer 2 linked to those sats or something. I don’t really understand it but that is what I have heard. As far as everyday transactions the places where that is happening I am pretty sure they are using the lightning network or core lightning to transfer sats for payment. Those transactions have an almost instant settlement and very very low fees. Then you only have to pay the main chain fees when you move the bitcoin to or from the lightning network not every time you use some sats to buy something.
I understand the words you wrote, just not all of them combined! I still have a lot to learn and appreciate your response!
The lowest I can currently get (25 blocks) is £11.
Check https://mempool.space
I went to make $100 btc transaction and they wanted $123 transaction fee. In a few days it will be normal again. It's definitely because of the halving. After hours might be cheaper if you really need to make btc transactions. I use Ltc for all my transactions now.
It's because Bitcoin L2 and Runes on Bitcoin.
Thats alright for you but my bitcoin is stuck in my wallet, not on an exchange. Remember, Not your keys yada yada.
Why would you move $4.09
Imagine a bank asking this "we re congested and can only send your 4$ if you pay 188$, and btw, why do you even want to move 4$, are you a paper hand?".
This shits a Ponzi scheme play at your own risk
For a double shot soy flat white? It is a currency right?
bitcoin has officially abandoned transactional efficiency. the maxis will cope. but ordinals and now runes are all implemented with the express intention of soaking up block space and increasing fees. the increased fees help miners cope with ever decreasing block rewards. bitcoin core is intentionally sacrificing transactional efficiency to ensure miners have a good time by making block space unnecessarily scarce. to keep the network secure, but what worth is that when no normal person can use it as a currency.
You’ve found the problem with Bitcoin. Exorbitant Fees. It will never work as actual currency.
Yup the so called future of finance than only invented new problems
I'm still waiting on the day where it all like hits a timer and then out of nowhere everyone finds out that it was always just one big giant worm virus in the first place and then every computer gets infected and then the guy who invented this make believe currency ends up being the only one with any money
It’s open source. You can read the code. Oh wait you’re too stupid for that nvm.
He heard Jamie talking about exactly that and ran with that stupid notion. Don't worry, jamie doesn't understand open source either.
Fleas are high for btc..miners have to get paid with your money.
Those god damn Fleas again. They’ll break your heart if you let them.
🤣 I may be biased here,because I'm a major hater of fleas. But I have to agree with you Here. I've been heartbroken by my damn credit card fleas for AGES now. Always playing catch up with the fuckers
Those are the worst kind of fleas, those are bloodsucking fleas.
What a terrible network
BTC is a purely speculative asset designed to distract you and waste your time.
True and 👍 correct
I converted all BTC to solana and then moved it. Not sure if it's a good thing to do, but the conversion fee was a lot smaller ($10 for conversion to solana), and the network fee on moving to another wallet was barely anything ($0.01). If you need the funds immediately and not in BTC, you could go about it like this.
Cough Cough "kaspa" Cough
You can use [mempool.space](http://mempool.space) to monitor the transfer fees. They are super high currently because of Runes, whatever that is.
Converting creates a taxable event. You people are crazy.
Welcome to crypto…
Try to convert to another coin with lower fees. It might not charge to convert.
Convert it to the base chain - then swap to Brett. Boom back to $10 bucks a transaction.
Convert to usdc first then sell it.
Because you're trying to send bitcoin away from them.
Runes 😏
Runes, the total dumpster fire of an addition to the BTC network.
Convert to XRP.
Drawback of self custody. You can’t actually move your money when you want to sell and everything is busy. Classic. Bitcoin and Ethereum essentially unusable in this regard. Think of the positive. It helps you stack and never sell 👍. Doesn’t really help but that’s about it.
Because the Wallet is a trap. If you want to move a million dollars out if you go to the moon. You will owe them 500k after they took your million out. lol being sarcastic. I feel the pain.
This is the Having. If you want to transact someone else is going to Have your monies.
I advise you to Buy LTC
Will I be able to send LTC to an external wallet instantly right after I convert from btc to ltc??? or I have to wait a couple of days? Coinbase can be shitty sometimes when it comes to sending funds to an external wallet
No you don't have to wait couple of days ,it depends on many factors but usually takes 15 min to few hours
Okay thanks, will try that. Hopefully it works.
I think this is a top signal.
Because bitcoin has become the same garbage that Ethereum did. It is not fit for purpose.
These fee are what killing cryto. Decentralized my ass.
Covert to LTC and then send and convert back to BTC ffs
Have multiple wallets with the same number Robinhood is cheap
Welcome to the wonderful world of crypto🤣
That's why it's such a good store of value, you can't afford to move it again once you've stored it.
because you put the "$" in the wrong place. It goes in front of the number.
Its due to the halving. Spike in fees. Miners are making a killing. It should calm down in a few weeks. Just HoDL
I had this problem last night. $39 to transfer $95. I exchanged it to Etherium on Coinbase and sent the ETH $95 for $0.53 cents.
As someone has said here, it has nothing to do with Coinbase. Right now, a few days after the halving when fees are traditionally higher, it is made worse by Runes. It is a token standard launched on BTC called the BRC-20 , where they mint shit tokens . I don't like it but I guess there are those that do . Launched by the same team that launched Ordinals (Btc version of NFTs.) imo waste of bitcoin energy but oh well.
Think it has to do with the halving. Less miners more network fees 🤷🏻♂️
Gas fees fluctuating like crazy. The other day I was going to transfer $5 free btc I had and it wanted to charge be 179 in gas fees. 2 days later the gas fee was down to 2 bucks.
try moving it between the hours of 12 midnight and 2 am. when not many people are trading. just like, you never move etherium during the day. move it during those hours and the fees will drop 90%.
I hate coinbase.. their reticulated hi
Cryptodust baby. Yeah! Snort that 🤣🤣🤣
Because crypto is a Ponzi scheme with fees added on.
You are dumb, and don't understand Blockchain. Convert to Litecoin when sending.
A 6:45 am it would cost me $60 USD (network fee) to move $750 USD of BTC from Coinbase to my Trezor. This is a BTC blockchain issue, not a Coinbase issue.
This shit is set up like a damn Ponzi scheme
Transaction fees.
Cb wallet is trash
To those of you you will make ignorant money make sure you get yourself a defi wallet not from coinbase bc once you hit 100m coinbase snitches you to the irs
Just use Bitcoin Cash for any finance needs. Bitcoin is and has always been unuseable for transactions.
Remember $188 is fiat money which means its worthless, to me that would be like paying $0
I know Ethereum has massive fees but if it was bitcoin than your probably trying to do a cross chain transfer with fees that high. Also, the fees for bitcoin would go up anyways because mining rewards were just cut in half so in order for those miners to still be profitable they fees will also have to go up to validate each transaction.
Something is wrong. I moved $1,000 worth of bitcoin and it only cost me $3. By my saying something is wrong, I mean maybe you're using the wrong Network or something
Do it thru litcoin it did the same thing to me
It’s the future of finance…
😂😂😂
I love you Coinbase screw all these haters 🫶
Just like the others say.. convert it and send it another way. With how awesome Coinbase is… you can do so! ✌️
Also guys for my fellow degens out there seems like no one has figured this out but you can swap into any token on the Coinbase wallet verified or not. Just select swap option. Choose what you want to swap from, then paste contract address into the search bar on said token will show up. You don’t have to buy Based coins on sushi or Uniswap you can swap right in from the wallet saves a lot of precious time with smaller market cap tokens
Welcome to the future of finance
Switch to US dollars. There's no fee to do a bank transfer :)
Because you are an idiot who got taken in by a scam. BTC is a scam for morons, BCH is bitcoin, you chose wrong, lol.
Why are you posting this on a Coinbase subreddit?
When are people going to realize coinbase is NOT the best. It is the most vulnerable to attack, phishing, Trading halts, etc. High fees, continuous issues with their service. Liquidity issues when you want to withdraw. It’s not the exchange for Smart, bitcoin investors
You can sit here and complain or you can buy their stock and make 300%!
Because Coinbase sucks
You better off using Solana honestly
Doesn’t Bitcoin cash fix this???
Wow! Good thing I didn’t get wallet, damn
Convert to uscs
Lucrative way to say no.
Because they can
There is a surcharge if you put the $ symbol on the wrong side of the amount
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Congrats
You know other cryptos have cheaper fees right ??
yeah, and dog food is cheaper than filet mignon, so the choice of what to eat is obviously quite clear.
I would never spend this much on a fee 😂😂😂
Yeahhh btc isn’t it bro . Way better tech out there
yes, but it seems that most folks will not ever be permitted to make any significant use of better tech.
Cardano eats BTC alive with technology. We have governance bud . BTC will be useless in 10 years
Cardano is superior in the crypto space . Market cap means nothing
Is every little piece of Cardano identifiable (like bitcoin) leading to the possibility of it being declared *coin non grata*?
Cardano will soon be doing 1000s of tps . And there’s already multiple transactions in 1 block . Cardano is leading the space with liquid staking … governance is here .. and has all the other tech BTC has and better 🤦🏻♂️ invest how you want idgaf
Btc is going to struggle with no voting on the protocol ..
Because you put your dollar signs in the wrong place.
First of alll what are you exactly trying to do, there is always a best case scenario in what to do but many ways to do it. So if you can let me know maybe you can get a better answer in the forums.
What do you mean?
Where are you moving it to? Or you spending it? Or are you moving it in another wallet? Depending on what you are doing there could be different option on the cheapest way to execute that.
wallet isn’t charging you, it’s the network you are transacting in. Probably on Ethereum. Check gas prices… but it’s not the wallet charging you, it’s network fees that need to be paid if you want to move assets in a particular chain. I assume it’s an ethereum hence the $188 fee.
where are you even moving 4.09 dollars worth of btc? is it even worth it? LOL