Why do ppl use Coinbase instead of cheaper alternatives

Feb 24, 2021 29 Comments

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

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TOP 29 Comments
  • FedEx
    kpVs10

    Go to company page FedEx

    kpVs10
    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.
    Feb 24, 2021 1
  • Coinbase
    nej37oqn26

    Go to company page Coinbase

    nej37oqn26
    When your gains are 100% every 3 weeks 0.5% doesn’t matter
    Feb 24, 2021 8
    • Uber
      deepfntard

      Go to company page Uber

      deepfntard
      @coinbase i’m giving you mad props dog. I think fucking retail is awesome. They’re poor, they deserve to pay a premium. Fuck em!

      For real. You’re making RH look good. It’s impressive!

      Also love how you pivoted from saying I was wrong to saying i was poor after you realized i was right. True legend
      Feb 25, 2021
    • Uber
      deepfntard

      Go to company page Uber

      deepfntard
      I stand corrected up to 99.5% fees. Honestly amazing. I am not being sarcastic. Keep fucking the people as long as they let you fuck em. That’s how the game is played
      Feb 25, 2021
  • They're the safest platform for retail investors.
    Feb 24, 2021 8
    • Amazon / Eng
      not amazon

      Go to company page Amazon Eng

      not amazon
      you dont really buy in coinbase as long you keep it there. Its just what I said. Which is the same as RH. The only difference that in coinbase you can then actually buy by moving to your wallet
      Feb 25, 2021
    • Amazon / Eng
      not amazon

      Go to company page Amazon Eng

      not amazon
      but just buying in coinbase or rh for investment purposes in the same- just like i said
      Feb 25, 2021
  • Amazon
    Just Jared

    Go to company page Amazon

    Just Jared
    Because Coinbase’s app (web and mobile) is just better than all the other ones
    Feb 24, 2021 2
  • Uber
    Jupiterr

    Go to company page Uber

    Jupiterr
    Brand Awareness. People just aren’t aware of the alternatives. Coinbase also does a good job of obfuscating fees
    Feb 24, 2021 3
    • Uber
      deepfntard

      Go to company page Uber

      deepfntard
      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
      Feb 24, 2021
    • OP
      Here I thought crypto investors are internet savvy enough to look beyond the first link 😂
      Feb 24, 2021