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Is coinbase.com a good place to buy Litecoin and Ethereum?

  • 19-02-2019 7:33pm
    #1
    Registered Users Posts: 8,279 ✭✭✭ Worztron


    Hi.

    Is coinbase.com a good place to buy Litecoin and Ethereum?

    It's got terrible reviews on https://ie.trustpilot.com/review/coinbase.com but I'm wondering if anyone here has had positive experience with it.

    Cheers.

    Mitch Hedberg: "Rice is great if you're really hungry and want to eat two thousand of something."



«1

Comments

  • Registered Users Posts: 1,262 ✭✭✭ Bigmac1euro


    Worztron wrote: »
    Hi.

    Is coinbase.com a good place to buy Litecoin and Ethereum?

    It's got terrible reviews on https://ie.trustpilot.com/review/coinbase.com but I'm wondering if anyone here has had positive experience with it.

    Cheers.

    I never had any problems with Coinbase. They charge high fees though so I always went with the other site they own which is Gdax which charged much lower fees (makes no sense I know)

    Anyway gdax is now called Coinbase pro so I’m unsure of what Coinbase pro is all about.

    Maybe another poster will explain.
    Google about Coinbase and Coinbase pro.

    Btw Coinbase is completely safe if that’s what your wondering.


  • Registered Users Posts: 8,279 ✭✭✭ Worztron


    I never had any problems with Coinbase. They charge high fees though so I always went with the other site they own which is Gdax which charged much lower fees (makes no sense I know)

    Anyway gdax is now called Coinbase pro so I’m unsure of what Coinbase pro is all about.

    Maybe another poster will explain.
    Google about Coinbase and Coinbase pro.

    Btw Coinbase is completely safe if that’s what your wondering.

    Hi Bigmac1euro. Seems like decent info on it here: https://www.reddit.com/r/CoinBase/comments/aa1f8a/coinbase_vs_coinbase_pro/

    Mitch Hedberg: "Rice is great if you're really hungry and want to eat two thousand of something."



  • Registered Users Posts: 1,262 ✭✭✭ Bigmac1euro


    Worztron wrote: »
    Hi Bigmac1euro. Seems like decent info on it here: https://www.reddit.com/r/CoinBase/comments/aa1f8a/coinbase_vs_coinbase_pro/

    Sorry I remember now.
    You buy your tokens on Coinbase and move them to Coinbase pro for free then trade to other exchanges for a much smaller fee. Rather than sending from Coinbase directly to binance etc.

    Coinbase pro essentially works as the middle man.


  • Registered Users Posts: 788 ✭✭✭ Shamo


    Sorry I remember now.
    You buy your tokens on Coinbase and move them to Coinbase pro for free then trade to other exchanges for a much smaller fee. Rather than sending from Coinbase directly to binance etc.

    Coinbase pro essentially works as the middle man.

    The no fees method is deposit fiat into Coinbase then move that to Coinbase Pro and do a non-market buy trade there. You can withdraw crypto from Coinbase Pro without fees too I believe.

    Haven't tried a SEPA transfer directly to Coinbase Pro or know if that has any fees.


  • Registered Users Posts: 6,051 ✭✭✭ Truckermal


    Binance accept credit card now which would be my choice.


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  • Registered Users Posts: 13 ✭✭✭ thisnoize7


    Truckermal wrote: »
    Binance accept credit card now which would be my choice.

    Can anybody confirm if this is true for debit cards also?

    What is the total fee?


  • Registered Users Posts: 5,667 ✭✭✭ el diablo


    Kraken is a better option in my opinion. Free SEPA transfers and you can put in a limit order and get aget your BTC/LTC etc at a far better rate than you would on Coinbase.

    We're all in this psy-op together.🤨



  • Registered Users Posts: 6,489 ✭✭✭ CelticRambler


    el diablo wrote: »
    Kraken is a better option in my opinion. Free SEPA transfers and you can put in a limit order and get aget your BTC/LTC etc at a far better rate than you would on Coinbase.

    My SEPA transfers are free to Coinbase; and using their gdax platform, now coinbase|pro, I get my coins at exactly the price I decide for zero fees using limit orders.


  • Registered Users Posts: 31 ✭✭✭ Anerso10


    Are you American ?


  • Registered Users Posts: 6,489 ✭✭✭ CelticRambler


    Me? No. Pure-blood Irish! :D


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  • Registered Users Posts: 8,279 ✭✭✭ Worztron


    Is it possible to buy ethereum, litecoin, etc on CB and later move to some other wallet (either an offline wallet or a different websites online wallet)?

    Mitch Hedberg: "Rice is great if you're really hungry and want to eat two thousand of something."



  • Registered Users Posts: 6,489 ✭✭✭ CelticRambler


    Yes


  • Registered Users Posts: 8,279 ✭✭✭ Worztron


    Yes

    Hi CR. Would it incur large charges?

    Mitch Hedberg: "Rice is great if you're really hungry and want to eat two thousand of something."



  • Registered Users Posts: 6,026 ✭✭✭ grindle


    Worztron wrote: »
    Hi CR. Would it incur large charges?

    Not large, no. Currencies do differ in transaction expense depending on network usage but current costs across all chains are fairly low. Might pay $0.20 to send ETH to an outside wallet if you need it confirmed quickly, same with BTC if you want next-block confirmation. If you can afford to wait then those costs drop to a cent or less.


  • Registered Users Posts: 7,055 ✭✭✭ JohnnyFlash


    I see there’s a movement starting to boycott Coinbase because they’ve bought some company associated with hacking tools used to catch journalists and other members of the resistance movement in countries with terrible human rights records.


  • Registered Users Posts: 6,026 ✭✭✭ grindle


    Yeah, that's very off-putting. Probably won't have too much of an effect long-term given the vast majority only pay lip-service when it comes to privacy. Funny move, I guess it's a means of sating government desires beyond KYC? An insurance against further arm-twisting if some agency starts needling them about movements of funds?


  • Registered Users Posts: 31 ✭✭✭ Anerso10


    Me? No. Pure-blood Irish! :D
    Hahaha just asking...
    Well, there are many platforms that offer Bitcoin Futures like Etoro
    I love Etoro because they offer a x2 leverage and their fees are relatively low..


  • Closed Accounts Posts: 1,271 ✭✭✭ Elemonator


    There are decent but I wouldn't hold a good amount of coins on the website itself. Transfer them to your offline wallet. My one big gripe with Coinbase is the huge fees and when I went to cash out, it took them ages to give me my money.


  • Registered Users Posts: 8,279 ✭✭✭ Worztron


    I see there’s a movement starting to boycott Coinbase because they’ve bought some company associated with hacking tools used to catch journalists and other members of the resistance movement in countries with terrible human rights records.

    Hi JohnnyFlash. What company did they buy?

    Mitch Hedberg: "Rice is great if you're really hungry and want to eat two thousand of something."



  • Registered Users Posts: 6,026 ✭✭✭ grindle


    Worztron wrote: »
    Hi JohnnyFlash. What company did they buy?

    Neutrino. Ostensibly to protect your data, but people are wary because Neutrino's team are bad actors amoral scum.


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  • Registered Users Posts: 5,490 ✭✭✭ stefanovich


    grindle wrote: »
    Neutrino. Ostensibly to protect your data, but people are wary because Neutrino's team are bad actors amoral scum.

    Amoral as in they enforce tax compliance?


  • Registered Users Posts: 6,026 ✭✭✭ grindle


    Amoral as in they enforce tax compliance?

    Amoral as in they've produced spyware/malware for the benefit of some of the world's most repressive governments.

    Maybe you don't give a toss about that. Some do.


  • Registered Users Posts: 5,490 ✭✭✭ stefanovich


    grindle wrote: »
    Amoral as in they've produced spyware/malware for the benefit of some of the world's most repressive governments.

    Maybe you don't give a toss about that. Some do.

    Which repressive governments? I'm genuinely interested.


  • Registered Users Posts: 5,490 ✭✭✭ stefanovich


    That's about a group called "Hacking team". I thought we were talking about Neutrino.


  • Registered Users Posts: 5,490 ✭✭✭ stefanovich


    **** me, the ettercap guys?


  • Registered Users Posts: 6,026 ✭✭✭ grindle


    Yeah, same team. YMMV but it wouldn't want those scumbags near my data.


  • Registered Users Posts: 5,490 ✭✭✭ stefanovich


    Ettercap was a lot of fun though. They are geniuses. Evil perhaps but very very smart.


  • Registered Users Posts: 6,026 ✭✭✭ grindle


    Yeah, the whole being evil thing overrides the smarts for me. There are plenty of intelligent ruthlesss scumbags around, none get a pass for despicable actions just because they're smart. Once their software started landing on the devices of journalists and political dissidents because they were paid for their services, they proudly accepted a paycheck and earned the eternal title 'Nefarious Scum'. No backsies.

    They'll still carry on being evil pricks and making shedloads of money, won't matter to them either way.


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  • Registered Users Posts: 5,490 ✭✭✭ stefanovich


    grindle wrote: »
    Yeah, the whole being evil thing overrides the smarts for me. There are plenty of intelligent ruthlesss scumbags around, none get a pass for despicable actions just because they're smart. Once their software started landing on the devices of journalists and political dissidents because they were paid for their services, they proudly accepted a paycheck and earned the eternal title 'Nefarious Scum'. No backsies.

    They'll still carry on being evil pricks and making shedloads of money, won't matter to them either way.
    Are they more or less evil than the multiple western countries selling Saudi Arabia weapons?


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