Can anyone tell me why online exchanges like Coinbase and Gemini have a regular version then a "pro" version? Also why do they have a version that has lower fees than the other? Thanks! (x-post from /r/Bitcoin)
Im afraid to pull all my funds out of Coinbase and take it to another exchange. Especially because Ill be sending transaction fees to Coinbase (shitheads) and will lose profits by buying them in on Gemini, etc. etc. /r/Bitcoin
The following post by brewferbrains is being replicated because the post has been silently greylisted. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7kz4gb The original post's content was as follows:
What is the best platform to invest into this thing, bitcoin?
I have seen how bitcoin has been beating the other markets and Fidelity recommends it as a 5% allocation to everyone's portfolio, especially as a hedge. Should someone looking to get into this market use eToro, Coinbase, CashApp, or something else to purchase their first "satoshis"? Thanks
What are your thoughts on the Coinbase IPO - the Bitcoin exchange.
Coinbase is a Bitcoin exchange. They offer a few shitcoins too, with room to expand to more shitcoins. They make most of their money off trading fees. Recently they started offering custody services which i think will be more popular with instituational investors since it defers the "i got hacked" risk. They are rapidly growing in trading volume and are currently the largest exchange, in both bitcoin's held (approx 900,000 BTC) and in USD/BTC trading volume currently $80 million dollars daily. The IPO is upcoming and expected to valued at $8 billion . So what are your thoughts? Is this like investing in TD Ameritade in the early days of the stock market? 2017 Revenues = $1 billion 2019 Revenues = $2 billion Number of Employees 1,123
Is there a way to get my bitcoin off the exchanges fee free?
Bought BTC on robinhood. Interested in taking it off so I can I can just hold it without impulse buying and selling on the drops and swings. How to I get it off for the best rate possible? Edit: iOS and desktop user.
If you use Coinbase, please save on fees by using Coinbase Pro. At $9600 a coin, a $20 purchase today makes your cost basis more than ~$10,400.
I have a feeling this won't be received well because it's ultimately just basic math... but it's important to keep in mind when you're buying Bitcoin. Fees can increase your cost basis substantially. $20 (purchase) - $1.49 (cb fee) = $18.51 $18.51 / $9631 = 0.00192191 $20 / 0.00192191 = $10,406 Because of the fee, you're essentially buying bitcoin at a price of $10,406. The Bitcoin price will need to be $10,406 for you to break even on your purchase. ===The same purchase on Coinbase Pro === $20 (purchase) - $0.10 (cb pro fee) = $19.90 $19.90 / $9631 = 0.00206624 $20 / 0.00206624 = $9,679
Should i buy in gemini and transfer to kraken /binance?
Hello, apparently im stupid or something because the more i read the more confused i am. Can someone please explain to me in an easy way this?: I want to trade in binance, as far as i was told people buy in gemini for example and transfer to binance because of fees or something like that. So the question is, How much are fees in kraken and binance? Should i buy in gemini and transfer to kraken /binance? Isnt easier to buy directly in kraken/binance? Thanks, and im sorry for this stupid question. Update: Sorry for the late response, thank you all for all the replies! It was a big help :)
Bitcoin noob here. Searched a lot of the thread on this reddit but I'm seeing differing opinions so I felt compelled to create a post. Here's the basics for my situation: I have an Electrum wallet and Coinbase. I want to obtain U.S. dollars from the Bitcoin in my Electrum wallet and withdraw on exchange. If it needs to involve a bank of mine, that's fine with me. For this particular transaction, I'm NOT looking to use Bitcoin to buy goods or services online or a gift card or sell to friends, etc. I've seen in various threads that this would be the best way to avoid fees or getting taxed and I understand that. I'm still planning to do that in the future. But for this instance, I just want a small sum to eventually wind up as cash in my hands. Now my question is, what exchange is secure and won't charge a large fee that you recommend? Initially I was just going to send it to Coinbase, then sell on there for USD. From reading the other threads, people have expressed concerns about doing it on Coinbase because of fees and tax exposure, among other things. Then one person says use Kraken, another user will say that sucks, another will say use Gemini, another user will say that one sucks, same story with Cash App...clearly I'm just using "sucks" to summarize, but I believe you'll understand what I'm getting at. Basically I'm trying to figure out which will be the best method for this particular instance. Thanks in advance!
What is Gemini Clearing? What is Gemini ActiveTrader™? What is a recurring buy? What Do I Need To Know About Cryptocurrency Tax Reporting? How does Gemini price digital assets? What order types are supported? What trading pairs are supported? Why is the price on Gemini different from other exchanges? See more What are your trading fees? Gemini, the New York-based bitcoin exchange founded by investors Cameron and Tyler Winklevoss, has revamped its fee schedule, to encourage an “active, stable and efficient marketplace”. This represents the Gemini market price of $4000 USD, plus the 0.50% Convenience Fee (Gemini market price × 1.005). When Kristen enters her buy Web Order for $100 USD and clicks on “Review Order,” the Transaction Fee of $2.99 USD is displayed on her website application along with the total BTC amount of 0.02413184 (($100 USD -$2.99 USD)/$4020 USD = 0.02413184 BTC) that she will receive ... Gemini Exchange is a digital currency exchange platform started by famous American twins - Cameron Winklevoss and Tyler Winklevoss. In this article, we discuss the fees associated with Gemini, security, pros and cons of the overall Gemini Exchange platform, Geminii reviews and a lot more! On the peer-to-peer exchange, you can buy and sell bitcoin from other individuals with as low as 0% fees. Paxful charges 1% service fee but it is payable by the seller. Withdrawal fees are fixed at 0.0005 BTC covering the bitcoin network transaction fees. While Paxful overall is a safe place to buy bitcoin, the transaction can be as safe as the other counterparty you deal with. Make sure you ...
Gemini Exchange vs Coinbase Review Does Gemini’s FDIC ...
Gemini Exchange vs Coinbase Review Does Gemini’s FDIC Insurance & Cold Wallet Make It Safer? - Duration: 15:02. Aaron Bennett 1,868 views. 15:02. What the Elite DON'T Want You To Know - Robert ... Opening a Gemini Account to buy Bitcoin Exchange to buy bitcoin: https://gemini.com/ Software used to make this video https://www.ispringsolutions.com/isprin... In this video, I show you how to transfer USD into your Gemini account, how to place Market and Limit orders and also how to sell your bitcoin. In this Gemin... Winklevoss twins on their Gemini bitcoin exchange - Duration: 7:16. Fox Business 11,939 views. 7:16 . Live Bitcoin Trading With DeriBot on Deribit DeriBot Backup 212 watching. Live now; Coinbase ... Watch this simple tutorial on how to buy bitcoins once your Gemini Exchange account is funded. please subscribe, like and/or comment. Also below is the direct link to Gemini Exchange for you to ...