Goodbye, Coinbase, Goodbye!


At the beginning of 2019, I was already getting a bit disappointed with Coinbase.

Lately they have been experience many problems, with people complaining about frozen accounts with no explanation, extensive delays in transactions, servers down, scheduled maintenances at times when trading volatility is too high (usually the best times for selling or buying) and some other issues.

Last Summer, when they added transactions fees, they annoyed most of their customers, since that was the biggest reason most of us had stuck with Coinbase for so long.

But the last straw for me was when, shortly after, they increased those taxes to 0.5%, which means Coinbase went from being the cheapest way to trade crypto to the most expensive one. 🙄

z338il.png
Image Source: Liberty Hangout

I don't know why they are driving all the little guys away... but today, my last piece of Crypto left their systtem. For the firt time since I opened my account in July or August of 2017, my account looks like this:

sdpc2u.jpg

That's right. My balances are empty. No, I wasn't hacked nor stolen. I took everything out myself. 😆

Just look at Coinbase fee system now:

fzl1ee.jpg

This is way too high, so I checked the main competitors. First I checked, BitStamp... and I realised they charge exactly the same. Oh, well, I won't be using BitStamp, too.

tgvoj5.jpg

But Kraken still has lower fees. So this will become my Exchange from now on:

so8vu5.jpg

I don't understand why 2 of the 3 leading Exchanges for European customers have decided to raise the taxes so much. This means a little guy like me can only make a profit on BTC if it moves over than 100€. Otherwise, the fees will eat up all of my profits. 🤔

Greedy businesses won't ever succeed. If Kraken follows their lead, I have no doubt that a new Exchange will appear and take their spot. But for now, I'll stick to Kraken... it still has taxes, but at least they are not absurd.


--

Posted via Steemleo


Comments 43


You have used the Hashtag #[CC] and can now reward 123.0 comments under your post with one CC.

More information about the Commentcoin-Project can be found on this account.
You can easily add an upvote to this post to support the project.
Thanks for using it.

Happy comments.
Your CC-Team:
@kristall97 ([Code-Designer])
@alucian ([Project-Designer])

06.02.2020 23:29
0
pixresteemer_incognito_angel_mini.png
Bang, I did it again... I just resteemed your post!
Week 21 of my contest just started...you can now check the winners of the previous week!
Pixresteemer is also listed as promoter on The Steemians Directory
!DERANGED
8
06.02.2020 23:42
0

binance is a way to get € to crypto and its based in malta but they dont do steem and combined with blocktrades i felt like it cost me an arm and a leg... does bitstamp and kraken do steem?

06.02.2020 23:50
0

Kraken has Steem. But so does Binance:

rl9jvo.jpg

Thanks for stopping by. I think I'm out of !BEER but I can give you a !DERANGED token.

07.02.2020 00:09
0

View or trade BEER.


Hey @maxsieg, here is a little bit of BEER from @trincowski for you. Enjoy it!

Learn how to earn FREE BEER each day by staking.

07.02.2020 00:09
0

You just received DERANGED @maxsieg Keep up the great work. Congrats, you have been gifted 1 DerangedCoin. You can redeem 20 of them for an upvote from the deranged.coin account. Redeem your tokens by sending to deranged.coin through Steem Engine with your post URL in the memo field, view all your tokens at steem-engine.com

07.02.2020 10:36
0

..ya,you’re right..every service and everybody should be paid fairly, no doubt...but I would like to pronounce ‚FAIRLY’!..and what I’m wondering too, is that all and everything is about ‚social, ‚communication‘, ‚community‘ (!!) and so on, but at the same time, you sometimes need to almost do your master to understand the whole concept while it’s about ‚fast easy fair‘, they saY..there’s hope..the market and hopefully we , in my case real small, users and members will react..and I’m sure, karma exists..you get what you give...btw, guess there are more exchanges..best wishes..
!invest_vote
..resteemed..enjoy..

07.02.2020 00:01
0

Yeah, I don't mind paying a few taxes. They do have to make money, too. I know... but 0.5% is way too much for little fish like us.

Let's see if I can give you a bit of !DERANGED !BEER 🍻

07.02.2020 01:07
0

..yep, you’re right..thank you..

07.02.2020 01:19
0

View or trade BEER.


Hey @enjoykarma, here is a little bit of BEER from @trincowski for you. Enjoy it!

Learn how to earn FREE BEER each day by staking.

07.02.2020 01:07
0

..cheers..

07.02.2020 01:20
0

You just received DERANGED @enjoykarma Keep up the great work. Congrats, you have been gifted 1 DerangedCoin. You can redeem 20 of them for an upvote from the deranged.coin account. Redeem your tokens by sending to deranged.coin through Steem Engine with your post URL in the memo field, view all your tokens at steem-engine.com

07.02.2020 10:39
0

..thx a lot!..

07.02.2020 11:31
0

@enjoykarma denkt du hast ein Vote durch @investinthefutur verdient! ----> Wer ist investinthefutur ?
@enjoykarma thinks you have earned a vote of @investinthefutur !----> Who is investinthefutur ?

07.02.2020 00:03
0

Wow. Yeah that's quite the hike in price.

Transaction fees are a pain but the man gotta get rich.

PayPal sucks and banned me and blamed me. I had to fight them to get to use it.

Shrug. Idiots...

Posted via neoxian.city | The City of Neoxian

07.02.2020 00:39
0

Wow! I never heard of anyone being banned by PayPal. What was that about!?
Thanks for stopping by. Here's a bit of !BEER and a !DERANGED token for you!

07.02.2020 01:35
0

The entire system locked me out. And at the exact second I was ready to use it. Yep. Had to fight with PayPal to get myself unbanned and then things got sorted out and I was able to use it.

But have learned PayPal sucks. Wow. What a skim. For real.

Posted via neoxian.city | The City of Neoxian

07.02.2020 03:47
0

View or trade BEER.


Hey @ganjafarmer, here is a little bit of BEER from @trincowski for you. Enjoy it!

Learn how to earn FREE BEER each day by staking.

07.02.2020 01:35
0

You just received DERANGED @ganjafarmer Keep up the great work. Congrats, you have been gifted 1 DerangedCoin. You can redeem 20 of them for an upvote from the deranged.coin account. Redeem your tokens by sending to deranged.coin through Steem Engine with your post URL in the memo field, view all your tokens at steem-engine.com

07.02.2020 10:41
0

Interesting post, thanks for the info, sharing for others to learn more about this too. 👍

07.02.2020 00:45
0

Thanks! I'm glad you liked it.
Here's a bit of !BEER and a !DERANGED token for you!

07.02.2020 01:44
0

View or trade BEER.


Hey @paulnulty, here is a little bit of BEER from @trincowski for you. Enjoy it!

Learn how to earn FREE BEER each day by staking.

07.02.2020 01:44
0

You just received DERANGED @paulnulty Keep up the great work. Congrats, you have been gifted 1 DerangedCoin. You can redeem 20 of them for an upvote from the deranged.coin account. Redeem your tokens by sending to deranged.coin through Steem Engine with your post URL in the memo field, view all your tokens at steem-engine.com

07.02.2020 10:41
0

Great Content, Great News,
Up-voted & Re-Steemed to our growing online readership.
azenzanews800x45.jpg

07.02.2020 00:55
0

Everything has its beginning and its end.
Amen

07.02.2020 05:01
0

Everything has its beginning and its end.Amen

https://steemleo.com/ - New client? Why is it interesting?

07.02.2020 05:03
0

It's a Steem Site for posts related to Investment. 😉

Thanks for dropping by. Here's a little bit of !BEER and a !DERANGED token for you.

07.02.2020 05:08
0

View or trade BEER.


Hey @apnigrich, here is a little bit of BEER from @trincowski for you. Enjoy it!

Learn how to earn FREE BEER each day by staking.

07.02.2020 05:08
0

You just received DERANGED @apnigrich Keep up the great work. Congrats, you have been gifted 1 DerangedCoin. You can redeem 20 of them for an upvote from the deranged.coin account. Redeem your tokens by sending to deranged.coin through Steem Engine with your post URL in the memo field, view all your tokens at steem-engine.com

07.02.2020 10:52
0

When you accept venture capital funding you eventually have to pay them somehow, sucker in as many users and suck them dry to pay back your investors.

07.02.2020 07:27
0

You just received DERANGED @trincowski Keep up the great work. Congrats, you have been gifted 1 DerangedCoin. You can redeem 20 of them for an upvote from the deranged.coin account. Redeem your tokens by sending to deranged.coin through Steem Engine with your post URL in the memo field, view all your tokens at steem-engine.com

07.02.2020 10:31
0

Hi @trincowski!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 4.597 which ranks you at #1955 across all Steem accounts.
Your rank has improved 674 places in the last three days (old rank 2629).

In our last Algorithmic Curation Round, consisting of 87 contributions, your post is ranked at #44.

Evaluation of your UA score:
  • Some people are already following you, keep going!
  • The readers like your work!
  • Try to work on user engagement: the more people that interact with you via the comments, the higher your UA score!

Feel free to join our @steem-ua Discord server

07.02.2020 10:40
0

I got only as far as them having my email, since then I've never really fully registered to any exchange in fear of getting Goxed.

Posted via Steemleo

07.02.2020 13:37
0

Aahahha! I registered in all of them... and then I stuck with just a few. 🤪
Thanks for stopping by. Here's a bit of !DERANGED !BEER for you!

10.02.2020 11:02
0

View or trade BEER.


Hey @kerrislravenhill, here is a little bit of BEER from @trincowski for you. Enjoy it!

Learn how to earn FREE BEER each day by staking.

10.02.2020 11:02
0

You just received DERANGED @kerrislravenhill Keep up the great work. Congrats, you have been gifted 1 DerangedCoin. You can redeem 20 of them for an upvote from the deranged.coin account. Redeem your tokens by sending to deranged.coin through Steem Engine with your post URL in the memo field, view all your tokens at steem-engine.com

10.02.2020 11:03
0

Woo, I didnt know abt coinbase, starting transaction fee and taxes 😲
I used it till a year back and now have left very little on them. Will scoop it off soon. Thanks for posting about them 😊

Posted using Partiko Android

07.02.2020 14:46
0

Not only they added taxes, they added the most expensive taxes of the market!!! 😲
Well, I've abandoned it now. I'm going to Kraken instead!

Thanks for your visit and comment. Here's a bit of !DERANGED !BEER for you!

10.02.2020 11:03
0

View or trade BEER.


Hey @pradeepdee6, here is a little bit of BEER from @trincowski for you. Enjoy it!

Learn how to earn FREE BEER each day by staking.

10.02.2020 11:03
0

You just received DERANGED @pradeepdee6 Keep up the great work. Congrats, you have been gifted 1 DerangedCoin. You can redeem 20 of them for an upvote from the deranged.coin account. Redeem your tokens by sending to deranged.coin through Steem Engine with your post URL in the memo field, view all your tokens at steem-engine.com

10.02.2020 11:04
0

Hmm, I have just dowloaded coinbase wallet on my phone, not registering yet. Maybe I should not proceed further. Thanks☺️

08.02.2020 22:13
0

Yeah, register at Kraken. It's the only big Exchange with fair prices now.

Thanks for stopping by! Here's a little bit of !DERANGED !BEER for you!

08.02.2020 22:39
0