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by SunlightEdge 1248 days ago
Mmmm that's a reasonable point - I didn't mind paying fees for the coins, but I do think its a little iffy about fees to withdraw...

On another note, one thing about Coinbase that struck me, was that on the app/website it doesn't actually show you how much money you put in / what the return on your investment is (I used a spreadsheet to track my own investment "success").

I suspect Coinbase does not do this deliberately - as many, many people who invest in Crypto lose money and it doesn't want to highlight this point too much.

1 comments

£3 fee isn’t a withdrawal fee, it’s a transaction fee to sell your bitcoin for pounds. The actual withdrawal of pounds to you bank account is free.

Likewise, you could withdraw your bitcoin to your own wallet for free. The fee comes when you change from one type of currency to another.

I think the reason they don’t show return on investment is because Coinbase presents itself as an exchange, not an investment platform. The purpose is to facilitate the exchange of currency from one kind to another. They’re not positioning themselves as trying to help you build up retirement nest egg.