Coinbase charges 0.5% fee/transaction while other platforms like Binance, BTSE, Gemini charge as low as 0.1% with similar spread. Why would anyone use Coinbase? #investments #personalfinance #crypto #btc
Because Coinbase’s app (web and mobile) is just better than all the other ones
Never heard of others except binance. Crypto is alien enough for most people so the most well-known platform wins. Same way BTC wins over ether and all the rest. Btw Coinbase was very good with my account lockout situation, which makes me trust them.
They're the safest platform for retail investors.
Brand Awareness. People just aren’t aware of the alternatives. Coinbase also does a good job of obfuscating fees
People don't google "cheapest crypto exchange" before they sign up?
If I Google “cheapest bitcoin” this is what i see. They have one of the most generous affiliate programs so affiliates are incentivized to push coinbase more than any other exchange. Even if it means blatantly lying lmao
When your gains are 100% every 3 weeks 0.5% doesn’t matter
Lmao you charge up like 10% to retail dupes PLUS spread. Props for pulling it off. You managed to fool me in the beginning. But please don’t pretend most people are paying 0.5%
10% + spread? I wish that were true but our prices are way more competitive than that
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For me it’s reputation and trust. Likely due to marketing and being the first company to gain my trust, but until I see something that makes me question these things I have no motivations to move away from something I trust for a .4% gain. For example, I recently moved my portfolio from Webull to Fidelity. I realized that if I’m locked out of accessing my account or touching my assets (w/o access to customer support), there’s no minor pro that can overcome that major con. I view it as a kind of insurance to protect myself from calamity.
The more I see stories like this https://us.teamblind.com/s/yqx1Aem1 the more I question my previous statement..