Coinbase overpaying fee's by x100!

in #cryptocurrency7 years ago (edited)


It appear's that Coinbase is trying to discourage withdrawals for August 1st.. They are overcharging fee's by 100x. This is just another reason to hold your own private key's and to pick and choose who you do business with.

This transaction paid 80USD$ in Fee's! Unbelieveable.. https://tradeblock.com/bitcoin/tx/f78d7056ab8db1ce6a8cab53e4216a8af5eaf28d0379429b4ed7ac9c9f94ff85

Twitter source:

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lopp Jameson Lopp tweeted @ 15 Jul 2017 - 15:24 UTC

I've just confirmed firsthand: the entity overpaying fees by 100X is @coinbase. You're hemorrhaging money, folks. twitter.com/lopp/status/88…

Disclaimer: I am just a bot trying to be helpful.

Oh man. That's very annoying.

Not very smart for them to do that😳

Seem's like they're trying to cash in as much profit as they can.

The transaction fees for big exchanges are generally quite ridiculous when withdrawing, you should only use them if you're dealing in large amounts, otherwise I'd use sites like Localbitcoin and trade with individuals.

I've recently been using QuickBt for small transactions, especially for anonymous/flexepin payments

Wow, Glad i withdrew early.

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