CB

Revenantjuggernaut

Appreciate your time. So I literally jumped into crypto going on a little over a week. Im blessed to be a stay at home dad so I have all the time. My Question is for someone like myself I’ve watched the different charts and figured how they work but you all talk about software? Please enlighten me as a complete baby. Looking to get the new Samsung laptop for trading. I go back and forth from CMC to CB this article that. Sorry it’s not straight forward.

DexM23

so for platinum (CB: 2% NEXO or 0.5% BTC) i have to have $5k+ (as digital assets) in there w/ at least $500 as NEXO?

MariachiArchery

Not as much as they are making paying shit staking rewards. $700m ETH staked on CB. Paying more than 1% less than the actual staking reward. They are making *at least $10*m a year on staking user's funds. And that is just CB.

hotgarbagevideo

I just feel safer with it on CB than I do in cold storage that I’ll find a way to mess up.

frog_tree

I think its valid not to want to do self-custody with that large of an amount. Pretty much anything worth 1 btc or more that you have self-custody of, you would have insured. I don't think that exists for crypto from a reputable source yet. It makes complete sense to be anxious about securing that much on your own. Banks are commonly used for a reason. I think a better option for him would be to just hold the ETF rather than keep it on CB though. If his CB account were hacked, his crypto could be sent anywhere and it would be much harder to track than if his brokerage account were hacked.

TheGreatMuffino

Send your friend a few resources on why self custody is important. Its the least you could do. I know its on him to learn but some people won't "get it" until they see their assets frozen on CB

aguitarwar

Can't you just look up how much money you transferred into CB and deduct that as the cost?

rgnet1

I mean it’s not that black and white. All market trading is done by entering buy/sell orders on the order book. This is a little more complex than what you’re getting from a brokerage like Venmo or whatever, where you click a “Buy” button and get a fixed proce good for the next 10 mins while you sort out payment and pull the final trigger. So to give you that convenience, they factor in a spread to ensure they didn’t offer you a price that then rapidly vanishes on the real time order book. If you want to skip that convenience middle man you go direct to the order book, ie. Kraken Pro or Coinbase Advanced, etc. Note that exchanges like CB and Kraken also have the basic brokerage order with the high spread if you don’t use the ‘pro’ version

Interesting_Loss_907

Actually, yes: now that you mention it, I remember that as well. It was that way for me for many years iirc: ie. you could buy coins immediately but there was a 1 week hold before withdraw. Maybe the reason I haven’t noticed that in recent years is that I keep some alts on CB routinely, so my new deposits when I place limit by orders and then immediately move my coins to self custody might only be allowed because it’s a bit less than the value of my other holdings. So maybe in a sense that’s still the case I just didn’t notice it.

Any_Context1

I buy on CB and Fidelity

BaeWatchh

I agree with this and it’s real across all financial instos. That’s how bankruptcy works. I feel like ppl here scare the newbies instead of teaching them. CB is great for onboarding and has been battle tested as a private and public company. Dont trust them more than another bank / exchange, but they’re reliable for basic crypto needs

TheFudge

You asked why coinbase isnt recommended. That’s different than asking why don’t people recommend holding my bitcoin out in CB. I wouldn’t leave my BTC out in any exchange.

wllc

I use CB advanced, subscribed to Coinbase One, own COIN shares, never had an issue

Obsidianram

I really try to like some of CB, but why they try and have "CB Basic" and "CB Advanced" is a head scratcher. Certain features aren't available in...advance mode...which is completely bass-ackwards. Who'da thunk.it...

huff34n

I can't trade it. It won't even allow it, in Coinbase Wallet. If I even try, no matter what I try to swap into, or how small of an amount, it says liquidity is too low. What I don't understand is why CB Wallet is showing it's not only worth a lot, but keeps going up in value, even days or a week after the rug pull. That's just wrong.

SicklyPotatoes

Smart contract vulnerabilities was something I was ignorant on so appreciate that tip. And just for clarification, when my assets are moved to a wallet in my possession, and I have the security keys involved, does that create a sort of backup or copy of what I own? So if the wallet I’m using goes out of business or is hacked or something like that, I can use my physical keys to reclaim most or all of my assets that were saved on that “copy”? If that makes sense. Because keeping my stuff on CB is technically not in my possession correct?

Swerve99

IMO the risk reward if you’re six figures or under is not worth the risk of smart contract vulnerability to stake on your own. GMX is the most recent example i can think of. I would just hold your coins you want to stake with CB for a while longer. Buy a hardware wallet. any one the major brands are good ledger, trezor, bitbox, coldcard etc….. send some ETH and then fuck around with a bunch of DEXs and see what you like. You just gotta learn how the space works by using it.

SicklyPotatoes

Nope, been on CB since day one. Hear bad things about being on a CEX but don’t know where to start with so many DEX options out there. And with so many options, how do I know which ones are gonna stay in business or continue to enhance their features? New to the space so I’m not sure who the “big players” are in the DEX world, or if there’s common knowledge out there about who offers the best staking incentives

SicklyPotatoes

I didn’t know if something offered rewards on the value of the wallet itself or for all coins. Only have ADA on CB. XRP, HBAR, BTC, LINK? Any of the popular altcoins right now.

Independent_Engine36

Just bought me some on CB

anotherbadPAL

I like to use and support btc only exchanges, so i stopped using CB and switched to River. 100% worth it. No fees after 2 weeks if you set up a DCA.

Morningrise22

So, for people who a crypto on an app/exchange like RH CB Kraken Uphold, etc. downloaded from Google, what would happen? They lose all their portfolio?

chanical

Both RH and Coinbase have ridiculous fees... Gemini is probably the one to go with (no fees for depositing crypto, no fees for withdrawing FIAT using ACH transfers - lower seller/taker fees than both RH and CB) - but also look at Kraken and Uphold (one potentially attractive thing of Uphold is that their limit orders are "all-inclusive" of transaction fees - meaning if you set a limit sell order for 1 ETH at a target price of $5000/ETH, if/when it executes, you will net no less than $5000... sure, the market spot price at the time of the transaction will likely be higher by \~1.5%, but you'll get what you expect)

chainer3000

It’s between 4800-4900, depending where you look. 4617 isn’t even the ATH today on CB

BANKSLAVE01

I'd rather carry cash. I hold a shitton of Btc/Eth, and the small shit I "earned" on CB "learning" about new cryptos. Still can't figure out how to transact with it. Guess I'm just not CryptoBro® enough. Never did find a place to learn about how to transfer and work with BTC. So I'l just hold it and cash in when I want to spend some of my "free money". Fuck the idealism. There's ZERO comraderie among crypto holders. Every person I've spoken to about holding crypto, seems to clam up when asked about how they do things with it. Owell Y'all lost one potential soldier- I tried to join the ranks, but was denied. Guess I'm just one of those "not my coins, dude" dudes now...

Darkpriest667

Blackrock ETF dumped all their BTC to Coinbase prime wallets over the last 5 days. CB went from having barely 500k BTC to over 700k. This is exactly why EVERYONE should pull their coins off of exchanges. Because if the ETF vs you calls for their BTC it's gonna be the ETFs that get it.

xte2

If USA pension funds start buying the price will skyrocket and before the exhaustion of BTC we still have maybe a decade at least. So well, I do not expect a deep now/in the near future. If a large central bank like the FED or the ECB launch a fiat crypto maybe we will see a big dip, but that's unlikely because while central banks knows they need a CDBC to keep going, people is tired by the costs and limits of the banking systems, individual banks knows they will lost both fractional reserve and deposits, if a CB launch a CBDC who still allow the banking system to run as they run now it will not work anyway.

xDiESELxDOGGx

I honestly wouldnt mind learning how to get into coins on something like CB wallet or something. However i see everyone encourages people to stay away from that. I figure if I am going to continue to try and learn the market I should learn to invest before the price gets so high so I can capitalize on the sub penny trading

xDiESELxDOGGx

Ok, i only use CB and RH so i cant trade that. Thanks tho

eadaein

Yes. So a common misconception is that our hardware wallets contain actual crypto, they do not. Your crypto is on the chain, you use your wallet to access it. The alternative being using say, Coinbase, in which case Coinbase ultimately has possession of your key and if they get hacked, shut down etc you can't access your coins. I'm not as technical about this stuff as some other big brain people on here so this isn't a technical explanation but a broad overview of how I think of it lol. I think of wallets as portals to access my funds. CB is a portal that holds keys to my coins, if CB gets hacked and someone else takes possession of the coins they are gone forever, well, gone from me, some hacker is now enjoying my coins. If I have my own keys and use a Trezor as my portal then say I lose my Trezor, no biggie (as long as you didn't tape your key on the wallet 😂) I just get a new Trezor, import my keys to the wallet and now this Trezor is my portal to access my crypto. Hopefully this helps? It's more complicated than this but this gives you a very general idea

Bred_Slippy

Try contacting RH's customer support asap, providing: - The transaction ID from Coinbase, which you can find in your CB transaction history. - The exact address you sent the Bitcoin to. - Details of the transaction, including the date, time, and amount. - An explanation that you sent Bitcoin to an address meant for another crypto. Not sure they can help, but I think it's worth a shot. 

Crawwarch

It has massive potential, is backed by CB and is the fastest tracked coin probably ever listed on Base. I am actually using the AI agent for staking, and believe the current MC is absurdly low. But, bottom line, it is going to jump upon listing tomorrow, and the rest of the day is more about handling the pyrotechnics, than anything about the tech

Cultural-Task-1098

Moving from CB to strike (or vice versa) is as easy and copying the wallet address from one app and hitting send on the other app

DryMyBottom

only way is to send them from your CB address to your Kraken address. Coin by coin, being careful about the chain you are using

davebobn

2 BTC on CB is fucking mental, but you do you.

Quantum_Pineapple

I guarantee you did something to trigger your account being locked. 90% of the time users omit the fact that they tried something fucky. I've used CB for 5 years making daily purchases and have had absolutely zero issues. No idea what the fuck you guys are doing on there.

RutzButtercup

Months. And that was the problem, the documents. I was on CB before they did KYC. They instituted the KYC without warning. That was the bait and switch, I was not given time to move my coins off of their exchange before they changed the rules. So suddenly I have to do the one specific thing I didn't want to do, send in docs, or I don't get my coins. So i do. I send in all the docs they request. They don't accept them. I send in more. They don't accept them. They ask for the first ones again. Don't accept them. On and on a dozen or more times through this cycle. I sent them every form of official id I have many many times. No explanations. On hold forever with phone support, never actually talked to anyone. Then suddenly, months into the ordeal, they accept them. I didn't even reupload, just got the email one day. And let me tell you how fast my coins left their exchange after that.

kipha01

You're just handing CB your money, use CB advanced, limit buys, post only for the cheapest fee.

coinfeeds-bot

tldr; Since 2020, major global banks have invested over $100 billion in blockchain startups, according to a report by Ripple, CB Insights, and the UK Centre for Blockchain Technologies. Institutions like Citigroup, JPMorgan Chase, and Goldman Sachs have focused on trading infrastructure, tokenization, custody, and payment solutions. Banks have quietly developed significant blockchain infrastructure, paving the way for stablecoin expansion and tokenization of real-world assets, signaling their deep involvement in the crypto and blockchain space. *This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.

stevenk718

I took out a loan last month at 5% APR and now the interest rate increased to over 7%. Getting the feeling CB will just continue to increase the rate.

Preme2

CB: Shitcoin #1 is down 5% CB: Shitcoin #2 is down 7% One hour later.. CB: Shitcoin #7 is down 14%.

bricarp

In order to move coins, you need a network fee ("gas fee"). The scammer could've deposited SOL into your account if your altcoins were on the Solana network. The scammer needs to pay SOL to make the transaction of stealing your coins happen. Basically, he stole your car and he's driving it around for his personal use. But every once in a while, he does need to put gas into your car so that he can continue driving your car. > What could have happened? What happened is that you fell for the oldest trick in the book. > it was recommended that I connect my trust wallet and my Coinbase account to more easily move buys from CB to the TW Recommended by who? There's so much wrong with this statement. There's no such thing as connecting one wallet to another. It's a verb that doesn't make sense in crypto-parlance if you understand how crypto works. Moving coins from one account to another on-chain doesn't get "easier". You still have to broadcast a transaction and have others pick up this broadcast. That's the whole point of crypto. > I had a poor VPN or wifi connection evidently Not related to WiFi. You gave up control of your wallet. If the scammer has your private keys, this action is irrevocable.

SnBrd3

and for a good reason too - CB was enjoying its preferred status in the U.S. for way too long

Dev22TX

Went from Jamie saying Bitcoin is a scam to integrating the company with CB lol

EstateTemporary8142

Just be sure to used Advanced and limit orders to reduce fees and spread. Otherwise CB is great before moving to cold storage.

Myth_Mula

And self custody do not leave any BTC on exchanges and certainly not CB 💯💯💯

BlazingPalm

Yeah, but they have FDIC up their sleeve. If CB got seriously hacked, there's WAY too much value to recover and it would be terrible for basically everyone (except hackers)

s1cKn3551990

It sucks they hide the decent reward rates behind having "assets on their platform" but, I guess it's an easy way for CB to pad/promote their "growth". I'm wary of leaving that much BTC on an exchange just for a small boost in CC rewards. I'll just stick with my Gemini card, it has decent reward categories 1-4% with occasional 6-10% promotions in certain categories (the 1% category being the everything else.) Since referral codes/promotions are banned on the sub, if anyone is interested I can DM a referral code so we both get $50 if BTC once you sign up.

Stereo-Gito

Nah I like it I've used it for years and gained so many days be because of it. Idk if CB has an annual fee but Gemini doesn't and i don't have to let anyone custody my coins just to get more rewrads

godofleet

Ha get fucked CB, what a scam

DecentBig3856

I immediately “delete and report junk” on these messages. A legitimate message from CB may be - “Your …. settings have been changed. Contact our support team at support.coinbase.com if you did not do this.” And even these I do not respond to.

Cultural-Task-1098

I sold a large chunk of my coin last night from cold storage to pay off the house. I think we're near the top of the cycle FWIW. The first transfer from Ledger took \~3 hr and the second was almost instantaneous. The coin was immediately available to sell on CB. Sold to cash immediately and set up a bank transfer for the cash dollar (that "coin" will take 3 days lmao). I got a nice bump from when I started the process early in the day from 118 to 119. I'll start buying again (more than the usual DCA) after the dip.

NegotiationWeak177

\+63 961 489 9404; Your Coinbase withdrawal verification code is: 294-139. Please do not share this code with anyone for your security. If you did not request this withdrawal, please contact our support team immediately at (213)289-3829. Reference Code: CB2700

Top_Mind9514

Cash App has a high spread, in my opinion, like CB does. However, everything else you said is spot on 👍

writing_all_day

I tried using Kraken but just generally didn't like the feel of the platform compared to CB and Binance. That was a few years ago, maybe it has changed.

TopKekistan76

Don’t sell on regular coinbase. Toggle to CB advance.

idigholes

Id say a pray first and hope CB don't decide to put your account in review on an endless loop of head bashing against walls.

LoveLifeLoyalty

What crypto is moon on CB?

Elemental_Breakdown

Thank you, I am slowly learning. My Trezor will never leave the safe deposit box once I do this, and I don't have the seed phrase on my phone, I wrote it down and put it in a gun safe bolted half a foot into concrete. So when I set up the Trezor I will get a second seed phrase, correct? Both the CB and Trezor seed phrases then should be engraved into metal and stored as I am suggesting, is my thinking correct?

Elemental_Breakdown

Thank you. I need to clarify some things such as the distinction between what I believe is the seed phrase the exchange gave me in a "custodial wallet" & whether whatever seed phrase the Trezor creates (assuming this is how it works?) I am still learning to differentiate a seed phrase from a private key. I'm not 100% sure I understand if my custodial wallet has its own seed phrase which I will need to remember and the Trezor has its own, or if there's only one seed phrase that was generated when I opened the account on CB, and the Trezor will use that and I access using the private key. I realize these are a lot of noob questions, but I am having trouble finding a resource that covers all of this in a way I can understand.

TheObamaCare

Stop buying thru regular Coinbase !! Use CB pro and save TONS on fees

omg_its_dan

CB advanced and CB one are different things. Advanced is free and is just a setting to enable. Saves you a ton on fees when you place limits orders as opposed to using the simplified vending service.

gcbeehler5

I looked up CB's ToS and it's very vague. No idea if that has gotten more vague as times goes on, but it's got a typo in it at present; [https://help.coinbase.com/en-gb/coinbase/privacy-and-security/data-privacy/data-privacy-faq](https://help.coinbase.com/en-gb/coinbase/privacy-and-security/data-privacy/data-privacy-faq) \>We disclose your information to other Coinbase companies, as well as trusted third parties and service providers, in order to offer and promote our Services, and t (sic) fulfill legal requirements, including responding to valid requests from regulators, law enforcement authorities and government agencies.

PsychologicalBit803

Ok. I have a Trezor I just got and plan to move my own holdings from CB to it this weekend.

TopKekistan76

CB definitely not ideal but it’s not a terrible holding point until you learn enough to switch to the hardware wallet. My advice is to not rush things but also get some skin in the game BTC ETH (maybe one other top 10) because it’ll motivate your learning/growth .

MichaelAischmann

This is not the loss of Coinbase or its employees, so whether or not CB is *insured* doesn't matter. It's about user errors with their private wallets.

Salt-Device-6172

BTC loans on CB…

jeep_shaker

good to know. it's also cheaper to buy on BinanceUS, but the fees for moving cash are higher. my bank is partnered with CB, so i can freely deposit or withdraw funds - no charge. if i have to pay a fee to move funds, the value proposition changes.

w3tp4int

Fascinating.. thanks for the info I’ve been I intrigued myself when CB started offering it, but with all the horror stories with them lately, it’s literally just an on-ramp for me at this point, and the debit card racks up sats on my groceries & small purchases, over 2k in BTC from swiping the last few years.. half the paycheck sounds like a nice play, especially in the bear.

iAm-Tyson

He means like GramGram who downloads coinbase to buy $20 of fartbucks because lil Jimmy heard from his 6th grade classmates that fartbucks is going to the moon and hes been skipping lunch to dca $5 dollar buys on his own CB walletz

DosMasPorfa

There’s a few things stopping me from being 100%, I think the biggest one is how to withdraw it without paying taxes on my withdraws, I’ve withdrew before and got a tax form from CB. If I saved 10k to buy a house but in that time my 10k went to 20k, I still sold and withdrew 10k so I wouldn’t owe any capital gains taxes , is that right?

SnooEagles2610

Take a loan out on CB for 5% to pay off… maybe… using liquidation as a stop loss. Sell… nah… you have “free” money

Jayrovers86

You described exactly the mindset and mentality of your average Joe retail investor. And the fact you’re relying on the CB lizard part of your brain; thinking emotionally and not logically. this is why retail gets destroyed in crypto

Naillimixam48

True, I’m not very familiar with the UK, but I’ve heard some mixed things. I just want to ask you a few things. 1. Have you heard of Peter McCormack (BTC)? 2. Would you say the UK is amazing right now, or more on the “no bueno” side? 3. Do you think diversity helps or hurts when it comes to building wealth? 4. If CB ever got hacked, do you think that would make holding real bitcoin in cold storage more important, or less? Would love to hear your thoughts!

Emergency_Egg1281

^ this !! I was making good gains on my entire $200 usd bag , then when I went to cash out with a 30 % gain , the fees cost as much as my profit ! So I made $0 usd on my entire morning of trading in the trenches. It was brutal. Im moving all that fat cash to CB .

RpDubC

Yeah, whats the ballpark this will cost? CB charges $12 to buy. I think just network fee to send which is like 1.5% I think

MichaelAischmann

So buy BTC on CB & withdraw it to that address on the Bitcoin Network. You'll see that you could select different networks in the process. Don't expect this to be a cheap way to move money. I'm assuming you gotta do what you gotta do.

bigmike20255

I have pretty significant amount still on CB. Would like to transfer it to my jade plus, but I don’t want to do it straight from CB because then CB knows I have it because they track those addresses as well. Can I transfer it to another non kyc wallet then from that wallet to cold storage on my jade plus without having anyone know that that address is mine? Pretty much don’t want to be tracked and have anyone know about it Thanks

lbcnotary

I just got this one: Your Coinbase withdrawal code is: ******* Please do not share this code with anyone. If you have not requested this, please call: (262) 403-8205 REF: CB****

CommunityCurrencyBot

/u/Steadbrisk, your wallet address has been successfully updated to 0x109862BAD73ae3789857CB45Fb66313d36B73834.

Steadbrisk

!register 0x109862BAD73ae3789857CB45Fb66313d36B73834

CipherScarlatti

It's still a wallet, they're just adding more features. You'll still be able to use DEXes and hold NFTs. It's really designed to make USDC and crypto easier for the general public to use. CB Wallet already had a message service. Nobody used it because anybody with any sense using crypto didn't trust it.

FormerCalligrapher77

Your Coinbase password reset request has been initiated. If this was not you please call +18777033947 REF:CB36281 The information provided to add as a contact is: JayWallace910@yahoo.com When I tried to call the call went nowhere. Typing this message I received two more texts! Your Coinbase withdrawal code is: 211 819. Please do not share this code with anyone. If you have not requested this, please call +18886781059 REF:CBU76571 The information provided to add as a contact is: talithadimmick@yahoo.com The 3rd for today is: Your Coinbase withdrawal code is: 516209.  Please do not share this code with anyone.  If you have not requested this, please call: +1(212)924-1487 REF: GM202510 The information provided to add contact is: +63 921 826 3563

Dehyak

Do you use CB? CB offers a yield for USDC, so when you sell into USDC, do you hold it on CB for the yield? Also, it does it have to be in CB’s vault or wallet for that yield? Sorry for the questions. I want to do the same thing, but I hate sending money around and having to track so many passwords and seedphrases

Ok_Matter_3369

Do you know if its relatively easy to move your CB holdings (100% BTC) to Strike?

TXTCLA55

That's the CB.

LazyEcho81

I’m with ING - no issue with CB, CS or Kraken.

LeWahooligan0913

Still just shy of $120k on CB

insiderDEMON

Well you see cold wallet sure is better, all you get there is still online and still associated with your coin base account...and CB cold wallet is shit its still with an app, cb has more like non custodial wallet, not exactly cold wallet, i would suggesting a acctual cold storage hardware wallet to be safe.

mindbodyspirit111

Like on CB they offer their own debit card to transfer your crypto$ to that or is it safer to get the CB cold wallet all together

quantumdotnode

Anyone using CB at this point - like stop it for your own sake. Use HyperLiquid If you need ref link say. On chain. No manipulation

tayTr0n

I’ve gotten burned out of a couple thousand from CB on some weird shiba movement a while back when it was super volatile

pickleBoy2021

First off when I use CB I use limits and have no issues. You realize exchanges buy and sell but you are dealing with a market maker. Yes they have high fees. But they vary depending on volume. You easily had access to Base and could have purchased Aero through their own site.

MichaelAischmann

Check the "new currency that has potential" website. I'm sure they have a "where to buy". CB & Kraken are both ok.

OneForMany

What even made you buy $10 worth? It says ita pretty much 100% of portfolio. So to me it seems like the $10 was maybe some promotional thing for opening a CB account? At least you dumped it all in BTC.

GarlicGoddess2

CB allows you to transfer in and buy immediately, but 7 days to transfer out...I think its to make sure the money clears from your bank. It seems to be the same for cash transfers and BTC to cold wallet transfers.

BigAppleGuy

CB high was $116, 735.

omg_its_dan

Are you using the CB wallet app or the CB exchange app? Either is bad but the wallet is even riskier imo. Yes you have actual bitcoin but you’re one mistake or hack away from losing it all. If you have it on the exchange app then you don’t own any bitcoin, you have an IOU for Bitcoin. I prefer the real thing personally.

Kitchen_Image_1031

CB bank adhoc is free for Wells Fargo and most credit unions. If you use Coinbase Advanced, the fees are very low. And buy/sell contracts execute instantly.  Don’t forget to invest in the frog coin, 🐸 PEPE

Grunblau

Wondering if that same fee is on all CDC apps… like exchange and defi wallet. If they became more legitimate and pro customer, they would have the best platform. Spread is ridiculous. Only thing I ever bought there was CRO for their card which they nerfed before I even received the physical card. One of my posts was actually how to buy CRO on CB pro and transfer in to avoid fees. Sold some MOONS for half of their value when we were kicked off the platform.