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Coinbase Fee

  • 18-01-2018 11:06am
    #1
    Moderators, Society & Culture Moderators Posts: 32,019 Mod ✭✭✭✭ Gumbo
    Moderator


    Can anyone explain this to me.
    Had €400 in my euro account on CB.
    Bought ETH. CB Fee was €3, that’s fine.
    But immediately after purchase it says my balance is €377. What happened to the other €20 worth?


Comments

  • Registered Users Posts: 5,672 ✭✭✭ seannash
    Registered User


    kceire wrote: »
    Can anyone explain this to me.
    Had €400 in my euro account on CB.
    Bought ETH. CB Fee was €3, that’s fine.
    But immediately after purchase it says my balance is €377. What happened to the other €20 worth?
    Did the price of Ethereum go down whilst your transaction was taking place?


  • Moderators, Society & Culture Moderators Posts: 32,019 Mod ✭✭✭✭ Gumbo
    Moderator


    seannash wrote: »
    Did the price of Ethereum go down whilst your transaction was taking place?

    No, it actually went up. I refreshed it and it jumped to €378.


  • Registered Users Posts: 5,672 ✭✭✭ seannash
    Registered User


    The buy price was probably spread and not the same as the market value of etherum at the time.
    Check your history and see what price you bought at

    "When you click Buy or Sell, the price you receive is locked in at that moment, regardless of market fluctuations between executing the buy or sell and receiving the digital currency. The price can be volatile - by locking in the price you always know exactly what you paid for your digital currency. You can find the price you bought or sold at on your history page.

    Since the price of digital currencies are determined by supply and demand, there is a difference between the buy, sell, and spot prices displayed on the website. For more information on this please refer to this page."


  • Moderators, Society & Culture Moderators Posts: 32,019 Mod ✭✭✭✭ Gumbo
    Moderator


    I think that has explained it. The buy price was higher than the displayed current market price.

    Thanks.


  • Moderators, Society & Culture Moderators Posts: 32,019 Mod ✭✭✭✭ Gumbo
    Moderator


    Just transferred it out to Binance and the value transferred is €414.


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  • Registered Users Posts: 5,672 ✭✭✭ seannash
    Registered User


    kceire wrote: »
    Just transferred it out to Binance and the value transferred is €414.
    They might be showing ethereum with a higher price than Coinbase


  • Hosted Moderators Posts: 9,745 ✭✭✭ mik_da_man
    Hosted Moderator


    kceire wrote: »
    Just transferred it out to Binance and the value transferred is €414.

    The Joys of Crypto!!!


  • Registered Users Posts: 23 ✭✭✭ dextadave
    Registered User


    theirs no joy to be had on coinbase had 5k waiting to jump on eth and btc yesterday and the a holes blocked my account, cannot confirm transaction
    their complicate in these dumps im sure they block smaller users buying so whales can snap up everything
    im rightly pissed off with them been waiting on a dump like this for months and they block me out


  • Registered Users Posts: 161 ✭✭ Fakent.ie
    Registered User


    dextadave wrote: »
    theirs no joy to be had on coinbase had 5k waiting to jump on eth and btc yesterday and the a holes blocked my account, cannot confirm transaction
    their complicate in these dumps im sure they block smaller users buying so whales can snap up everything
    im rightly pissed off with them been waiting on a dump like this for months and they block me out

    Coinbase is garbage dont use it , lol what u said secondly is defintly not true


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