[stephanheijl]

While I agree that those fees are extravagant and the underlying process should have been much easier, it probably would have been prudent to investigate the process first, before starting it. I can't imagine being unaware of fees associated with using Coinbase before perusing their services.

[juliangoldsmith]

His overall loss, including the drop in BTC price, is 4%. I wouldn't call that extravagant.

[stephanheijl]

Specifically in the context of the usage (that is, transferring USD), the fees were about 6 times what they would have been if he were to use a bank account. In the big picture I do agree with you, though. 1% fees on individual services are not a lot, even when they stack across different services.