i'm convinced that CoinBase is a CIA outfit , move with caution. I know it seems like a far stretch, I can sense the usury, store your bitcoin on your own wallet...the love of money is the root of evil
Coinbase...
- Thread starter RainMaker3000
- Start date
We missed you here on the crypto assets forum, welcome back!
You came back in time when things are about to go nuts this year or next
US is in a debt spiral and if they do some kind of financial reset, bail-in, it is very much possible they do a 6102 for all the bitcoins held on centralized entities, Coinbase, ETF's, other custodial companies
Fun stuff, which is why it's important to hodl the bitcoin private keys in our own wallets
Coinbase is one of the best platforms for buying, selling, and storing cryptocurrencies. I have been using it for over a year and I am very satisfied with its features and services. Coinbase has a user-friendly interface, a wide range of supported coins, and a high level of security. It also offers educational resources, rewards programs, and staking options for some coins. The only downside is that the fees can be high compared to some other platforms, especially for small transactions. However, I think the benefits outweigh the costs, and I would recommend Coinbase to anyone interested in crypto.
Eh, it's a last resort. Coinbase has the highest fees out of any crypto exchange out there. Kraken right now is probably the best. Phemex is a good one.
If anyone wants a decentralized exchange, Apex Pro.
Personally... and as a long-time crypto skeptic... I alert to an alternative to participate in "whatever BTC does in the future". That is, play the "BTC stocks"... those be MSTR, COIN, MARA, RIOT.... are the biggies.
You can long, short, option the issues and participate in whatever the movement of the coin... without all the hassle of wallet, exchange, hacking, potential theft, etc.
My $.02
Yes you can do that while paying 10-15% fees. Don't think you're getting that Bitcoin for free. And then you also have the markets controlling your crypto if they want. When you buy from a crypto exchange the fees are less than 1%. but you control the crypto (if you put it back in your wallet).
To each their own.
You can do what "while paying 10-15% fees"?. Just trade the crypto stocks.. long, short, options... no such fees beyond the usual spreads.
Considering the times we live in a rogue CIA is not to be discounted.
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The fees are already calculated when you buy an ETF. No company is going to let you buy without making a cut. At a crypto exchange you buy whatever the price is selling for and still pay a 1 % fee.