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RE: Why does Coinbase offer a lower Ethereum value?

in #ethereum8 years ago

In the end, their fees kind of bring the price back up to the full market price, but yeah, buying Eth through coinbase is a consistent way of getting discounted Eth. Taking this even further, there are some people who use the different prices at exchanges to trade coins back and forth, making a profit via arbitrage. There is nothing to be concerned about, unless you don't like getting an instant profit.

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I was concerned about selling it lol, but thanks for the insight!

Can you tell me other places one can buy and sell ethereum and exchange it back to USD?

Taken from https://cryptocurrency.market/faq/, although I personally have only used coinbase.com. I suggest you check out the rest of their website and their youtube channel "https://www.youtube.com/user/PrisonOrFreedom/about".

  1. What exchanges are reputable that you guys have personally used & tested to buy or sell bitcoins using fiat currencies such as USD, EUR, JPY, GBP, etc. and you don’t care about privacy?

♦ www.Coinbase.com
♦ www.GDAX.com
♦ www.Gemini.com
♦ www.CumberlandMining.com (For block trades >$100,000 USD)
♦ www.Kraken.com
♦ www.TradeBlock.com (We use the aggregate BTC price for our block trades)