CB

Toshi_Monster

Where did you get the Coinbase App from? If they sent you a link, it might be a spoof CB app.

Life-Republic2311

IMO they’re a bit scammy.. If you’re newer to crypto, I’d give CB a try, real easy to use, and their wallet isn’t bad either

Bitter_Tea442

>>"Names? Don't dodge." >Warren is the most vocal one. You do realize they only need 7 democratic votes, by the way. Right? Kind of indicates how divided support is between democrats and republicans. Warren is not on the record threatening a veto. I'd suggest this means you lied earlier out of political expedience. >>"So literally everyone? The majority party who writes the bill is the only group you don't consider the 'main' issue? Again, I wonder why you keep insisting on this point when the facts don't support it." >My point from the beginning was that no one is completely happy with the bill. I mean, if you had to rank each party in terms of support, how would you do it? We agree that Brian Armstrong has been the biggest critic and barrier. I think banks are next in line, followed by democrats, followed by republicans. I've been consistently saying from the beginning Republicans are the biggest impediment to the bill in the state CB is demanding because it hurts their rural states and districts the most. >I think you're being an ass here, honestly. I know, when you are a jerk playing politics (and going so far as to be caught lies of convenience) its ok, but when someone firmly states you are wrong with evidence it is far worse. >The fact is that republicans want the Clarity Act passed, and so does Coinbase. The problem right away is that republicans don't really care about the yield issue, and Coinbase does. Then someone isn't telling the truth. >On the other side of the coin you have banks and democrats who are generally not supportive of the bill, and absolutely against yields They aren't through. They are against Coinbase have a regulatory carve out. If CB became a bank or compromised in a way that yield paying reserves are treated the same as money markets regulatorily, they could pay yields and there would be virtually no objection even from Warren I would bet. >there aren't too many avenues to make everyone happy here. There are but CB paid $500m to Republicans and wants its carve out.

omg_its_dan

The first page of my 1099-DA from CB says that only the gross proceeds are reported and the cost basis is not. As long as you reported the sales you should be fine even if the cost basis on the form doesn’t match.

HSuke

Yeah, you spend 10x more than me on your credit card. I spend a lot on Amazon, but that has its 5% card. * $1000 on RH Gold = $30 CB * $1000 on 2% CB = $20 CB * $5 fee $30 - $20 - $5 = $5 Card is worth $5/mo for me

para1131_F33L

Moonshots: $DOVU, $Hsuite, $Sauce. Create a Hashpack, buy on Hbar on CB send over, associate above tokens with wallet, swap for tokens and forget about it. That's my current strategy!

matthegc

CB one is good….you pay the monthly and they pay back all the fees….you also get 4% on USDC held there.

C4tM4N-

You should’ve followed CB’s earnings report not btc. They even drop their earnings report as an nft in your base wallet, if you have one

courtesy_patroll

Yea I guess the question is do they make an offering via Base for 6 figure traders, and is the value of their retail traders worth as much/more. I kinda think so. It’ll Be interesting to see how older institutions handle this. I think Hood and CB eat their lunch. No young adult is opening a Vanguard account to buy stocks. I have one because of my employer a few decades ago and it is horrible.

MariachiArchery

Bro lol, I was literally getting an accounting degree while this was unraveling. I know exactly what happened. But, I did just watch Frontline's new documentary, "The Warning". Fantastic doc. Here: [https://youtu.be/ZZ25uZtey34](https://youtu.be/ZZ25uZtey34) This is worth a watch if this kind of stuff interest you. TLDR: Black box derivative trading, completely unregulated, *insane* amounts of leverage, trades on trades on trades on trades, all insured with swaps... when the underlying assets of the mortgage backed securities started to decline, it triggered a domino effect that had been set up from the 90's. It wasn't subprime lending that lead to the financial collapse, it was the unregulated derivative market that emerged in the 90's, and the massive leveraging that went into that market. The economy could have dealt with the subprime crisis, but the reason it spread to the rest of the market, and the world, was these unregulated derivatives. Anyways, this is in no way like CB's paper loss on BTC holdings here.

MariachiArchery

Again, Coinbase's core business cashflows is strong, very strong. Debt, paper loses, negative financing cashflows, can all be managed. This is fine. And, we see it *all* the time in the corporate world. What we really need to look at is cashflows from operations. Does the companies *core business* generate revenue? If that answer is yes, we are good to go. And, CB makes a bunch of money. They are fine.

cfp-throw

Yeah you’re not wrong overall I just don’t see why anyone creates a coinbase account when they can do it through their existing bank or trading app. Be careful with thinking that CB one means free trades it doesn’t. They simply overcharge you for whatever you’re buying so if BTC is $66k you get to buy it for free at $67k which is very disingenuous of them. For me to do 5 or 6 figure trades on coinbase would cost hundreds or thousands in fees. Or I can use inchain options like hyperliquid or lighter for under $50. I personally like lighter the best at the moment. I keep funds on coinbase to get the good credit card rewards but I’m rethinking that as well. I really like agents on Base but I’m not sure if it’s enough for them to notably love their stock

courtesy_patroll

I disagree that people will move to other options. I’m familiar enough with crypto and I use CB for simplicity. Occasionally metamask or phantom for coins that aren’t listed but sending coins and exchanging for gas isn’t worth it to me. I just pay for CB one and don’t worry about it. I think a lot of people coming into crypto will do the same.  First mover advantage is a thing. I don’t disagree with your argument entirely but I wouldn’t say it kills CB. Idk how stablecoins will shakeout or if it’s even relevant. They recorded a fat paper loss, stock is at a 2 year bottom. Once market comes back they’ll pop right back up. 

southwestern_swamp

That could be astroturfing. No CEX is without flaws, but I use both CB and kraken regularly without issue. Be careful taking up offenses of others. Unless you have witnessed something first hand, probably best to withhold strong judgement 

DD-777

Hi, I'm interested in having my understanding of BTC critiqued, and I made a short document that sums up my understanding and thought about BTC. I would appreciate anyone's feedback on this, thanks. What is Bitcoin? Bitcoin, perhaps even cryptocurrency in general, is simply a chain of digital signatures representing current and previous ownership – of the Bitcoin token, I assume (Nakamoto, 2008). It was developed as a solution to the trust placed in third parties to ensure the legitimacy and validity of exchange of currency via the internet between two parties, ensuring that money was not double-spent on the internet, which is typically easily avoided with physical cash (Coin Bureau \[CB\], 2023; Nakamoto, 2008). In this new system, cryptography and hashing are used to create, secure, and document the exchange of Bitcoin via a network of trusted computers, known as nodes, that collectively ensure that documentation is fundamentally unalterable and decentralized by having them collectively hold more CPU than attackers and outpacing attackers by adding new transactions much faster than attackers can keep up (Nakamoto, 2008). These are hosted by everyday people, and they ensure that the system remains decentralized, which means nobody holds a high concentration of power. The initial issue with digital currencies, also known as cryptocurrencies, was that there was no way to check if a person had double spent their digital mint (Nakamoto, 2008). Nakamoto’s (2008) solution was a timestamp server that timestamped each transaction; published it publicly in a digital ledger; included the previous transactions timestamp as well; and was confirmed by a network of nodes that hold onto copies of the ledger as well – this is known as the blockchain these days (CB, 2020). These would done through a hash, a form of encryption that changes an input (i.e., transaction timestamps and digital signatures) into a solvable but incredibly difficult slurry of letters and numbers (Investopedia, 2025). Bitcoin, also known as BTC or XTC, is now considered a form of digital gold and protection from inflation (CB, 2023). Its value is derived in large part because of scarcity as only 21 million will ever exist; however, it also is valuable because of its security and transactability as it can be, theoretically, exchanged across borders at any time and by anyone with some form of internet connection (CB, 2023; Kelleher, 2025; Nakamoto, 2008). Furthermore, no government owns it so it cannot be devalued by increased distribution (i.e., the government cannot devalue BTC by making more than 21 million), and the limits of the cryptocurrency inherently make anti-inflationary (Kelleher, 2025). Personal Thoughts BTC has been an exciting topic from a personal standpoint as I see its value as a currency that restores the people’s control of money instead of relying in 3rd party institutions and centralizing control. However, despite its decentralization, security, scarcity, and seemingly agreed upon value in the current year of 2026, I remain skeptical because of the lack of backing as nothing other than the digital signature exists when evaluating value. However, one might argue that it does not matter as, despite the lack of any meaningful backing, 20% of all the BTC that will ever be created is owned by institutions; and cryptocurrency has become a topic of heavy discussion in policy and business (BitcoinTreasuries.net, 2026; CB, 2026). However, here’s the real kicker for me, and this is purely a thought on my part. Now, I’m not going to bother to go look it up, but BTC was created primarily because of disillusionment in third-party financial companies and money after the 2008 crash. It was supposed to replace money and remove third-parties. However, in 2026, BTC is incredibly valued in my opinion because people keep putting money into it. The very thing that BTC was supposed to replace has become its backing. Thus, its value is backed by a constantly devaluing asset, and the only reason that it holds any increasing value is because of a collective effort to increase its value by having people constantly put money into it. Its not a hedge against anything, but its hedge like effect will only exist for the people who cash-in before the rest do.

BingoWT

Where are you located? When I first got started, I opened an account with Coinbase. It was an easy to use interface and it as allowed me to get exposure to different blockchains, cryptos, and after experiencing the high fees, I made my way to defi. So same suggestion here. Start with centralized exchange like CB, and then learn as you go from there.

khai0001

That's a good observation. Kraken and CB did a good job of marketing to keep their presence loud on socials.

zendrovia

Lot of bit players ahead of me, CB and Brian Armstrong aren’t going anywhere. I’ve had my shit there since 2021

angelwolf71885

If you bought on an exchange like Coinbase or Robinhood then YES BTC is very traceable CB requires an ID and photo of your face to send coins and you gotta submit the same to get an account and RH requires them to sign up so you can be traced toa specific wallet and the sent to wallet can be tracked from there so even if the coins leave the exchange into “ self custody “ they can still be tracked and tied to you

CakeAndFireworksDay

Contagion via stuff like bitcoin etfs in people’s retirement funds and MSTR. Real money has chased after bitcoin and people expect the CB to step in when real money is on the line lol

watch-nerd

69k on CB

makigarp

Base actually works for a centralised piece of shit. The CB app and the Base app allow for easy on/off ramping and easy access to third party DEX like Uniswap. L2s on ETH have been parasites from the beginning. 

RetiredAvocado

Most large exchanges. You would wire in your money and keep it there. Then you set your nice low bid limit orders. And yes you can send out immediately because they already had your money. If you bought using the noob interface and CB went out to charge your bank, that fiat transaction must settle before CB will let you take out BTC.

masterctrlprogram-

It takes some time for the funds to clear and post - I've seen it take 2 or 3 business days, but it's usually quicker. CB gives you a credit to buy immediately but you still must wait to transfer.

PsychologicalBit803

Agree here but what do you do if you want to sell tomorrow to take profit? I understand there are ways to trade p2p but nothing super convenient. It all ends up back on an exchange for a short period. I use storage and I use CB with added 2fa using a Yubikey. Storage for long term holdings more so. I feel pretty secure overall. At this point if CB were to go under there would be much bigger things going on worldwide I think.

Sin-City-Sinner

Ohhhhh! Ha! I was confused, when OP said they wanted to invest in crypto I thought they meant invest in crypto.com (for context I was just rudely awakened from a nap) so I was about to comment “how do high fees not translate into profit? 😆 Now that I know what you mean OP, first off if you’re looking to make chump change, the fees really matter, either way I hear you, try Kraken, pay the $4.99 / month fee and you’ll get fair fees or sometimes no fees depending on what it is your doing, buying selling trading etc.. I have two I use but the other one I has high fees and is the #1 platform which isn’t hard to figure out, I’m talking about CB.. can’t really tell you why I use it, it WAS my first and until this recent price drop was my biggest source, now I mainly buy through kraken though, if I trade I do it through CB

Auxv297

BTC hit 75,644 on CB about 6 hours ago, so yeah , this guy has imploded & in total shock right now... I've been there years ago, I lost about $45K in Leverage Liquidations across 3 accounts, woke up to $0 balances. I Learned the hard way. I technically could afford to lose it, although it took away much opportunity to grow that 'hard earned' capital, it still hurts to think about. I never borrowed against my capital though, hell no. That's reckless risk that could be life ruining! To go into a loan/borrow/debt situation to gamble like this - that's insane.

JimmyDneutron

Still shows 75,644.15 was the bottom so far on CB

tossaway187acct

What are the fees on CB to purchase and then sell?

rgnet1

>I recommend buying bitcoin from [Strike](https://strike.me/), [River](https://river.com/), [Swan Bitcoin](https://www.swanbitcoin.com/), or [Cash App](https://cash.app/bitcoin). All four of these platforms are reliable and charge low fees. Can you explain? I just looked at each of these company's fee pages. Let's use the $2,000 trading range. Strike is 0.95% River is 1% Cash App is 1.25-1.5% Swan is 1% All of these are up to 100% higher than Coinbase Pro, which the OP claims he was using but thinks there are lower fees out there. Coinbase is 0.4% maker, something not available on brokerages Kraken Pro is 0.25% maker. Both of these get even BETTER when you go upwards of $10k monthly volume. I have no skin in any of these, I'm just baffled as to how you can recommend the first four services for someone specifically asking for fees better than CB Pro.

Captainadvise

Its what it does. If u r a holder and look everyday your nothing but a fool! Dear new investor... https://youtube.com/shorts/kmxuldCbs1A?si=nsIY01L46bTK2CB0

CoolJoeLiam

The low APR might be the sole standout feature of CB (what are the amounts to get that low of interst?) But for low fees/spread exchanges Strike, River, Swan, BitcoinWell are all better and give options on the fees to transfer (often no fee for slower), which highly encourages self-custody imo and shows an honesty about the real blockchain fees (can customize the fee depending on the speed you want it finalized just like you get on good Bitcoin Wallets). Strike offers loans and their App UI and UX are top notch. Kraken is another “full service” exchange like CB but they offer free Lightning transfer that actually works and their Limit orders are a flat 0.25% fee. Once I discovered that I never bought on CB again.

khizoa

Had a similar story with CB, except my free $5 turned into like 300 ish or something. So def not as impressive, but it was like finding a few hundred dollar bills in the couch lol

Sin-City-Sinner

And yea I’m just saying what I’ve used with no issues. CB has stupid fees too but they are #1 for reason. I would definitely recommend Kraken and it’s worth the $ to pay for Pro.

Upper_Celebration_85

Yes. But the robinhood app has a spot to input the cost basis. But only if it was 1 single quantity transferred into it. I do already have the CB for each one. I was just wondering how to put it into RH. Im going to guess that its not an option as its made up of several. Thank you everyone for the assistance.

Revenantjuggernaut

Cuz CB locked my account up multiple times in the first month!!! I was on the phone with support for 4 mornings straight to have them unlock my shit on their behalf!!!! Because I came in an started cracking their skulls!!!! So don’t come at me with that BS!!! I’ve experienced it first hand!!! They will try to lock your shit!!!! Get it off the exchange!!!

Revenantjuggernaut

So my gut for weeks has been like Eeeeethh…. Soooolaaanaaaaaaa….. I had 1400$ of BTC entry of 87k it’s like at little over 90 some and I’m like yeah this bitxh is gonna drop. Then I hear this voice again.. Eeeetthhhhhhh Sooollaanaaaaaaaa. I said fuk it! And I’ve been having since day one this drive to acquire a whole Eth. Mind you the 1000$ my brother gave me. I threw into Eth at a lovely price of 4,400. Staked it on CB and immediately was like wtf did I just do lol. I just got my first whole Eth 95% of it at 2900. I had some SOL dumped it yesterday while it was still in the 140’s so I could finish gettin this ETH coin and tossed it into some low cap web3 things. Got up this morning toser SOL in the 120’s I said thank you Jesus and grabbed me my SOL back at an even lower price then I had before lol I can’t make this shit up man

Necessary_Flounder_7

Yeah, I'd use morpho directly. CB adds a convenience layer on top of Morpho, which also means slightly worse rates. Totally fine if you want the UI, but unnecessary if you’re comfortable using a wallet directly.

GoldmezAddams

No. You can run a node without mining. A node allows you to verify and relay new blocks, as well as transactions in the mempool. If you do not run a node, you are relying on someone else to tell you the state of the ledger and broadcast your transactions. Which is kind of fine for the average user, but you do need some critical mass of node operators. If everyone just used Coinbase's node, for example, then Bitcoin would be whatever CB says it is.

JeffreyDollarz

Good on CB. Armstrong and CB have been a solid crypto ally.

Wise-Ostrich9790

Almost every big bank. Migros Bank for example has 4-7% depending on you financial situation. Our central bank is with the interest rate at 0%. In my opionion 5% is still too high. Mortgages with 2% for 10 years too. But there are other key indicators for loans, not only the CB rate.

Will_Koinly

Clarity bills always end up being a balance between innovation and regs. CB stepping back likely means the draft moved in a direction they felt would restrict things like defi, stablecoins or self-custody more than expected

magneta2024

Coinbase has been a leading force in the crypto world. And it’s been a role model for exchanges in safety and evolution. I’d be patient and listen to his take. They know way more than the average impatient dude. Also I think if CB gains ground (to whatever extent) of their revisions that will position them in a good place as more trusted places (again) for digital assets and crypto in general I understand everyone wants a push so badly…given especially how the economy is now. But that impulsivity as we all know has led all of us to not always making ideal choices in who we support or in moves made that are based on emotion only at times. So maybe this is an example of those times when we gotta just wait a bit and see if a better version indeed can be done so that it’s a bit closer to what experts in the field consider more fair for the market and participants

datbackup

If it’s anything like the Digital Asset Market Structure Act then I understand why CB would pull out… From @AaronRDay on x: “Every crypto bro cheering this bill is either on Coinbase’s payroll or can’t read. I read all 278 pages. You’re getting played. I’ve been in crypto since 2012. That’s 14 years of watching governments pretend to be confused while quietly building the cage. Trump promised to make America “the crypto capital of the world.” His party just delivered a surveillance framework that would make the CCP blush. Today I’m launching the Day2026 Bill Tracker. It does one thing: exposes how both parties collaborate to build your digital prison while you cheer. First up: The Senate Digital Asset Market Structure Act. 278 pages of “regulatory clarity” from Senator Tim Scott. Translation: 278 pages of compliance theater that kills everything crypto was built for. Here’s what your favorite influencers won’t tell you because their bags depend on you not knowing: MANDATORY TRADE SURVEILLANCE - Every exchange must implement real-time monitoring. Every. Single. Transaction. The NSA called, they want their playbook back. UNIVERSAL REGISTRATION - Exchanges, brokers, dealers, even “associated persons” must register. Anonymous participation? Dead. Satoshi’s vision? Buried. FULL DISCLOSURE TO THE STATE - Token issuers must hand over source code, transaction history, and tokenomics to regulators. Open source for thee, total transparency for me. MANDATORY GOVERNMENT CUSTODIANS - Your coins must sit with approved custodians. Self-custody for regulated activity? Effectively illegal. Not your keys, not your coins just became federal policy. DEFI IN THE CROSSHAIRS - For the first time ever, DeFi developers face registration requirements. Building permissionless systems now requires permission. Let that sink in. YOUR DATA GOES GLOBAL - Transaction records flow to the SEC, CFTC, and foreign regulators. Your wallet activity shared with central banks worldwide. Bullish, right? WHO ACTUALLY WINS: Coinbase gets a regulatory moat that buries competitors. You think Brian Armstrong is lobbying for YOUR freedom? Chainalysis gets permanent government contracts. Surveillance as a service, funded by your tax dollars. BlackRock and Wall Street get clear on-ramps while DeFi gets strangled in the crib. The SEC and CFTC get expanded empires and fresh revenue streams. You get watched. Tracked. Controlled. But hey, number go up. THE PROCESS: Senators got 48 hours to review 278 pages. Democrats asked for more time. Denied. Because nothing says “deliberative democracy” like speed-running financial surveillance. They call it regulatory clarity. I call it regulatory capture gift-wrapped for the donor class. THE REAL GAME: This is what “bipartisan consensus” means in 2026: both parties racing to build total financial surveillance while fighting about pronouns on cable news. Republicans say they oppose CBDCs. Then they vote for infrastructure that makes CBDCs inevitable. Democrats say they want consumer protection. Then they vote for bills written by the corporations they claim to regulate. Different jerseys. Same owners. THE UNCOMFORTABLE TRUTH: Trump isn’t saving crypto. He’s domesticating it. The goal was never to ban Bitcoin. The goal was to make it legible, trackable, and taxable. Mission accomplished. Every laser-eyed profile pic celebrating this bill is either naive, compromised, or selling you something. WHAT I’M DOING ABOUT IT: Full analysis with threat scores, beneficiary tracking, and talking points: (http://day2026.com/legislation/senate-market-structure) Every major bill gets this treatment. PATRIOT Act. TARP. CARES Act. REAL ID. GENIUS Act. Executive orders. All of it. Exposed. THE ANNOUNCEMENT: Neither party will protect your financial freedom. Neither party actually opposes CBDCs. Neither party will stop the technocratic merger of corporate and state power. That’s why I’m exploring a run for US Senate in New Hampshire. Not to join the club. To burn down the velvet rope. The algorithm buries truth. Make it work for us.”

MariachiArchery

I think it will be easier to purchase this amount of BTC on an exchange than it will be transferring the USD onto the exchange. Your bank (depending on who it is) isn't going to like a $500k withdrawal to a crypto exchange. For the purchase itself, spot should be fine. Get a CB one account to save on fees, and just place the limit order. 24 hour volume on the USD/BTC pair on coinbase is almost $2 billion, 500k is well outside of an amount that could cause any serious slippage.

PsychologicalBit803

Just checked CB if I was going a DCA spread is $800-$900 different then the price showing at any given moment so I’d call it 1%. I checked my last limit buy and the fee for the transaction was .30c. Obviously no spread because it’s a limit buy. That’s using Coinbase advanced.

TheGDC33

It works just like a CC and allows one to spend their crypto as a Mastercard. Not sure if it is a traditional CC but it works like one and as stated worth looking up. https://x.com/ricomoneybags/status/2004420850171498585?s=46 Also I have CB One card can get up to 4% back in BTC rewards but based on OP post 🤷🏽

BingoWT

Well, I spread out the risks. I keep some in CEX like CB, some in hot wallets, and if decide to put higher % of my portfolio into crypto, I probably would get a cold wallet. In addition, I invest in ETFs like an IBIT, and stocks like Strategy. This way, if you get hacked, it’s not Doomsday

B1ggusDckus

There's also risks associated with custodians. While I agree that CB is too big to fail and they have at least part of the funds insured, that doesn't help shit if you become a victim of sim-card swapping. Many examples for this, e.g. u/michaelterpin.

jtrade420

I think your better off using cashapp vs CB. Cashapp now doesn’t charge a fee for recurring buys at all & the price is usually spot on. Got one of those will give you free BTC things and did it for a couple weeks.

whitehotpro

Picking between those two specifically? I'd go with Kraken over CB. But in reality, I wouldn't suggest either. Go with a non-custodial exchange.

Berns429

What’s your primary goal? Is it to draw yield sitting in stables? Or actively invest in assets? I use CB, i get a little yield, but im just being lazy, ive thought about moving to Kraken. CB, The recent big event was their foreign outsourced customer service reps were being paid to give account details to scammers so they could send notifications to people that seemed legit because they had those account details. I don’t know how Kraken operates, but i believe stuff like this has happened a few times on CB.

Ace2021

River recurring, CB Pro for spot lump sums.

EntrepreneurDue420

Put it in on an exchange such as CB and you would need death certificate and or use an ETF and put her as beenficary. Everything else is a wrench attack or shady. Keep it to yourself or setup a secret going away clue for her to find. It's a huge trust.

crcmillion

1000% correct! I started looking into this a lot<gʻ& more than usual recently and the more I look the more I realize CB is making money hand over fist with the spread & fee. The worst part of it all tho. I'm a basic 1 member and when you switch over to Advanced trading and do limit orders you're not saving anything. If you are its pennies on each trade, if you're lucky. I'm trying to find a better alternative to CB as we speak. They are just getting way too money hungry for me.

junglejuice1993

Hey, I was a CBC member about 9 months ago and cancelled. I was paying $50 USD a month though it's now $100 for the full membership (which you need to interact) despite the fact that anyone who followed the advice is at least 80% down because they push ALTs only. Dan is the main issue, he posts MAGA conspiracy theories and calls for alt-season every week even up until recently. Guy just banned a ton of old members because of 'negativity' though really it was just people calling out Dan's nonsense posts. They are making a lot of money on the CBC memberships and since they only post ALT videos, they need to keep alt-season alive or the money stops. It's a total scam, I cannot watch CB videos anymore or take them seriously. You'll notice they never definitively call the bear market or admit that ALT-season did not occur, they keep the door open to keep the membership money flowing. Feel sorry for all the people who lost money so they could make a few bucks shilling subscriptions.

fajarsis02

One day, many country's central banks will use it as their "reserves". It's not controlled by the CB, low / near zero custodian fee, easily transferable and it's liquid.

Jealous_Jeweler4814

I believe the time for this is beyond us. Lenders do recognize deposits from platforms like CB, RH and usually fine with it.

MariachiArchery

I see people recommending taking a loan against your crypto. While, that may be a smart move, be *very* careful not to overdue it. It does not take a lot of movement for your loan to drop below the LTV requirement. You might borrow at 70% LTV requirement and only take on 50%. Good headroom right? Well, if the market moves down 30% in this scenario, you are now below your LTV requirement, and you'll get margin called and/or you'll get BTC liquidated. When that happens, you'll need to come up with money, or sell your BTC, in just 24 hours. In many cases, this is not enough time to remedy a big margin call in the crypto space. It can take more than 24 hours to get trades made and have real money moving around. So, you'll miss the call and get liquidated. This is real, and happens in this sub often. Someone gets margin called on a loan, initiates a transaction (for example adding cash), and the money doesn't hit the account before the position is sold. If you had taken out a 70% LTV loan at 120k and borrowed 50% LTV, right now, you will have been margin called already, needing more money to get below your 70% LTV requirement. If you want to take a loan out against your BTC, I'd highly recommend a very conservative position. CB offers an 86% liquidation LTV on BTC. If I were going to barrow against my BTC, I'd want my initial position to be around 40% LTV. Remember, you'll be paying interest on this loan too. So, if you hit your liquidation threshold, you've also been paying interest on a higher value than what you were liquidated at. Example, you lock in a $100k against your BTC at $100k BTC price. You are now paying about about $6,000 in interest on that per year through CB. Then, if BTC drops below 100k, say to 80k, well now you are getting margin called and possibly selling that BTC, but remember, you are paying interest on a $100k position. These loans, while yes they can preserve a position, *can also amplify losses.* So, my advice to you, is that if you choose to go this route, leave yourself headroom for the market to drop *at least* 30%, which would put BTC at 60k. Honestly, I'd want to stay out of LTV issues with BTC at 50k. Consider a loan that leaves your 100% headroom on LTV liquidation. If your LTV liquidation is 80%, only take on 40%. Keep your liquidation *price* low, in my opinion, that means around $50k BTC price. Loans are great, but if you over-risk them, it's just leverage in disguise. Also, keep the cash to remedy a margin call in the account, and ready.

NoChanceItsHer

(If American), e.g. in UK you'd sell up to April 5th then again on 6th to be over 2 years to take advantage of our MASSIVE 3k profit per year with no tax. One-off /two three sales, yeah don't bother with CB One subscription unless you're talking a substantial amount and want 0 fees. Market or limit sell on Coinbase Advanced probably best.. don't use normie high-fee Coinbase. My bank didn't have a clue some of my deposit came from BTC; would have brought so much more hassle. T'was just money in the bank as far as they cared.

Low-Atmosphere3468

Why do you hate CB

Jolly_Line

You can borrow against your BTC on CB for 7% ish variable. I had previously done quite a bit if research and this is the best rate by far. Also, I just used the service. It’s really nice: no approval process at all and management (add / remove collateral) is easy peasy

Flashy-Read-9417

GRT is probably going to be delisted if you're on CB. Shii is dead af

Maleficent_Town_9405

Should I buy stock in BNKK or by BONK tokens on CB?

Emergency_Egg1281

Just get a CB wallet on Base and see what's popping. I throw a couple hundo in and chase different memes , the ones trending. Just make sure they have a website and preferably a WP listing. Just turned a good profit on MR BEAST COIN on a 100% pump.

njc5172

Where do you max out personally LTV wise. Im about to do the same. I saw that you can set the max LTV within CB. What does that actually do? Isn’t the max LTV set by morpho

Gunnarsgaming

Seeing a lot of unwelcoming comments to a few simple questions. Not sure why Bitcoiners can't just educate without harassing or thinking they're superior over ev[](https://alb.reddit.com/cr?za=uLnTEZSeZF3EQiULYpAiZRU_Rbi4pgBNTSVPebqnJsKm4Jvo7NpMrlw0S5JR0HVjVF1Mj74R8bNed7bR1mrrn9z2_gRuKpCARlm0p7km-QKD6uJToQGtIaJkVRHkLRadH848e8mv3-kmiDt3i9UNgSHlGyZjSmXsFjk2sL8My1hQK4b1lavRr9TZkyUfsrZ-Un0wepw40fqZ_s9HUQKc61sTfhL9TBxFA8osvQXUkVKxo6f3MsCvuMnFsnjeE8wY1U6xwqP2uMkrwhxnF0V8UnZn8OJZTZQJ7r-NnBBUjYkXfsCqt-LER-Ml4z5qzsvpd3iWb0u8FjDwKjkp1IGR2VokiRgTlGqQFDlpRiY_DDcN59rCE8FcCXwEh7xamE1y5W-NpIpio33jMr5VWPX2eJ6rhZl_FHfeewk_4Dk7SAd_PUZTmnn5RJOsY8sSZ5vW7A3QgBTCK5GyTkZWd5g9WAoof3CB3UkxOe2sc_OxTuQkCWOYcr9j8dTuuWK6aX6HA-RUjDyprYJuGF_YojXtM_NxFH_MyhxdPIoJIyanENTUQ7xVq91HtTnbNnZme-XDTSx1FTqRbaC-sYK6kujmZkP-r80alIGgdAmXvLOGHzBPV3K2iyeMI0tGssD1oaWM7traLTecNN2hOv5cwBlvVIvz7LG9EJBJCRmAKkXWaHjkA9El-g-4uKTHigRrYBgz5lz6Ar1ddDuwDORYOr_mJ_shN08-3KGE11y2WGW3D7ki7D2pc20u9IizMC-YVNOu04vQjAVm19GAr1nY8lBmoUteN1Ldom5x8AwZ4Vjca22ilU6NACXscOB1FQ-Zt22L8EG7OBfCpYpRuOuQFQ43cT-bnpKRjDbz_rjCySK0WEmLHaj0o_bYMbHIYbNyRBuhRUHr&zp=Y27EzcOwiHcii9JoWi6hgDvIrtj1Oly_l2hKLMot94OS8DYkZaJHuzI9gLEyO3zEQyglhDbeAs-vxN7d075DkrdTsVfwjhNtCYIytLJbSf-POwIOPwc8IieTNPK2eMMMHba3WN9i2JwhlzSR2u8tftipnkY2ACUvd_tJV-PHI7gvgk4dZG_aoFwmMAVqLmYTN8jHIiGJws4RIHeQTKPrpxZ2IYQleUSqWl5sXhEiM2sPVKr8oUg-36Cov1hHGKnGlrQ0XuokzCQM0iV8WOgEsc0B6Jw6QzVLr3Xczv_JRiABkXwLy48haHQcFLWtZSXkwF0lVvMZ06mAu0nStWH07IlC69hcAS65PQ4MtLsp8fOzRoT_WD4iZZhWM1Nv2Dr8ElJGg1X4O7e3MyhHxu15hyt6a4cndcAafd2mwF8X29t1G7YceGtHQcszjZqLHzX_VwlpMCj5bVUJj-rcWeVAVp5WIfYEJr2Tn8bUmnBGeMLn-Tl1x1rjBjCdVCyXL-P1rLuItKtmQwbXOwWldHUP7IPIxgfGO7grdkFdpa5MsGfSspxmT_gueLsUjZUXrtFoeaULhdUwmL8Iq8pCWMVEXVCz1pE6NxUvSthfmS21bCbs_QyhR5dbPblAeJzF13yGqIGNPnMv2QwYXxkHSYJpU2O-vQDpVdOoW1TVTkU0NpMJZwSHlOfi9ytnhMFTh5wAkrACJNcXE_fPp77sUZ6ULfTvduyAVoqQ7HaYnrE_bA9TXyAee-2-TEiEnMz8aS0fn_-n3FcFnTfLsigmU0G47aCDlJvG1UM3frhjynqR3DYGVuD0VFEb_cMqCPxI3HC5-l5E5O85TrQk5LH3rvFlfKrqRbDo66gj355oJ8BkVSA31TJekz2k5ORZvCArGZk8QED32oBivoyqp5e0iL7IzXXIF85K&a=52055&b=47317&be=47317&c=47167&d=42355&e=42322&ea=42355&eb=42322&f=42257&r=6&g=1&i=1765557515072&t=1765557674229&o=1&q=1&h=204&w=620&sh=800&sw=1280&va=1&vb=0&vc=0&vd=0&ve=0&vg=0&vh=0&vi=0&vs=0&vt=0&vu=0&vv=0&vx=0&vw=0&vq=0&vr=0&vy=0&xe=0&vz=0&xa=0&xf=0&xb=0&vf=0&xc=0)eryone else. In short, Bitcoin can be used globally and you can actually convert Bitcoin into any currency, not just the US Dollar. Since you live in the US, you only see US based products/third party converters, BTC<>USD. The point of Bitcoin is protect wealth from hyperinflation, countries that have paper money, or corrupt government officials that can outright confiscate money from anyone (think when cops pull someone over and they have their savings in a bag in the backseat, the cops will just take the bag of money/gold and deem it as a tool for paraphernalia). They'll drag and fight you in court for so long that the money might not even be worth going after. That is a worldwide issue. Check out this article as an example of abuse of power: [https://www.usatoday.com/story/news/nation/2024/08/18/civil-asset-forfeiture-explained/74802279007/](https://www.usatoday.com/story/news/nation/2024/08/18/civil-asset-forfeiture-explained/74802279007/)

UzItOrLuzIt

It may very well be happening as you read this...like a duck on water, you don't see the furious activity under the surface propelling the duck along. CB's could easily be quietly scooping up all of the retail weakness. The United States for one will definitely be announcing its Bitcoin position when it is done, not when it starts. No doubt, this also applies for all of the other major economies as well.

masterctrlprogram-

I do this with Coinbase and Morpho and have had no issues. I use a LTV of 35% just to feel better about it. The 30 day rate average is running 7.16% and I just got an email from CB that USD rewards are going down to 3.5% for CB One members. Overall, I’ve been happy with the process and you get the USDC instantly.

Brawlah

PNC Bank just announced partnership with CB to offer BTC to its wealthy clients or something close to that lol

MuskMeTrumpVP2028

Wonder if Harrison heard about this from CB.

No_Toe710

Ledn, Arch, Unchained, Strike, and CB all offer BTC backed loans:

Independent-Dog5311

And they slowly are. Only so much can be mined everyday now so it's a lot more scarce. And they buy OTC and manipulate it to no end...but you know all this by now if you're here.... I remember when they use to hate on BTC too before Covid, or they pretended to. I miss the old days of 2015 before all this big money got involved. Well, I'm gonna HODL and ride this wave. I don't do well as a wage-slave. Word is Blackrock has been buying BTC since 2017. Fink doesn't play nice, he may act like on stage of course when they interview him. It's disappointing Coinbase (Brian Armstrong) jumped into bed with him, but that's the way now. I started out CB.

beguiledanimal

Signed the genius act this summer and talked about crypto so your spreading lies, Trump token was a liquid 20x for me I’m guessing skill issue if you lost $ and if the election went your way Elizabeth Warren would have banned VPNs by now so you could only buy on CB

Leading_Wafer9552

I wouldn't trust CB. People are constantly reporting changing cost basis reports on CB, and if you for example take a loan from someone where they send you USDC to your CB address, then CB will automatically calculate that as a gain on the report they give you, even though the amount was just a loan you took from someone else. Happened to me. If you're just inputting that report to the automated tax software then your report may come out inaccurate. It's also worth noting CB is a complete ripoff when it comes to staking rewards. The payout on chain are usually much larger. CB definitely takes their cut.

Blooberino

You report them just like any other income. If you use CB, they keep track of, and provide documentation for this for you which is handy if you've staked with them.

queloque11

Cold storage. And I prefer to purchase on coinbase rather than Robinhood because I wasn’t able to send to my cold storage from Robinhood. Also less fees and better spread on CB

Shum_Where

Other outcomes you ask? I don't know, you think maybe they might just gamble it away on crypto instead? They are after all being gifted usdc, and probably on CB since they are sponsoring this after all. The least path of resistance for a dumb person with usdc on coinbase is to simply yolo it into a meme coin. This may not be dumb after all if somehow through this trial, cb manages to turn a profit. Then with a few backroom deals with trump, they can roll it out nationally.

WrathofTitus

I'm parking my stables in Jupiter Lend earning a decent apy. Jupiter never blinked an eye on Oct 10th Ave that says a lot considering it was the largest liquidation event I'm crypto history. Nothing slowed down on Jupiter and I was able to get in and out of positions, unlike CB and Kraken.

nitroacid411

Stop picking crappy CEX. GO CB, KRAKEN, GEMINI... stop it.

PsychologicalBit803

Just got two yubikey. $30 each and I feel much safer with my CB account. I use a Trezor and also Arculus now also. All these are good options in my opinion.

Head-End-5909

Ugh, never get CB One credit card. I considered it, but none of the CEX cards give you the same level of service as tradfi CCs. I can accomplish the same with cash back rewards and use those to buy crypto, while having easy chargebacks, control , and protection from fraudulent charges, etc. Yes, I like Kraken+, way more than CB One basic. It gives me $10k worth of free transaction fees vs $500 from CB One basic, while costing the same annually.

scratcrypto

The problem I don't like about Monad is the team control around 80% of the tokens.Not much for the public. Makes me wonder how much % did monad gives to CB to list and launch?

JollyPicklePants1969

Holy shit I am starting to hate CB argot so much

Antique-Worth323

They met the goal this morning. They have over 200M in requests and only sold 178M They are only releasing 10B tokens initially and if my calculations are correct over 7B will be accounted for in Monday for the Mainet launch. Should be interesting to see where it goes. Hopefully CB will have a market maker prop it up since it’s their first launch. But so far is looking amazing

gilgamesh-uruk

The method that works for me is to watch for large crypto companies in distress. If they're going under, it's the time to DCA in. Aggressively. Expendable percent of every paycheck direct deposit to CB. Pause investment when it starts showing major upward movement. Begin to trim position in increments with auto sell. Takes the emotion out. Immediately stash expected taxes in a Hysa Buy sgov and pad retirement. Rinse, repeat

Leading-Coach-8579

Save a shitton in fees. TastyTrady out of Chicago is a legit brokerage and trades BTC through ZeroHash. Set up a legit account and call them. You will save thousands and thousands vs CB fees. No cost to sell. No cost to move to your bank. They make all their money on options traders and content, not crypto fees or stock commissions or other ludicrous fees.

Natural_Fix408

Don’t believe the BS I have cashed out of CB to pay off my house earlier this year. Absolutely no issues and my money was in my account in 3 days.

sgrinavi

I move a fairly large sum off CB in .25 BTC increments without issue. Just make sure your KYC is up to date.

Natural_Rebel

Tradfi banks should also be releasing some in the next 12-24 months. The CB and Gemini cards are both pretty good though.

Natural_Rebel

They are high but with CoinbaseOne you can get $500 a month in free trades and if you are going to do heavy buys you can switch to premium and switch back after so you don’t have to pay for the top level every month. I use CB and they have been solid for me for years now.

Positive-Double3927

I have used CB for the last 6 years and it's easy

AnnualSource285

I have cashed out easily from both CB and Kracken

steelnomad

What do you mean entered cost bases, where exactly? In CB?

Zealousideal_Air8473

Coinbase is good, fees a little high. Keep Dold on your radar. Could just get account at Gemini, CB Etc. get one of their credit cards and use fiat for everyday spending while stacking satoshis on the with their CC rewards

Aromatic_Union9246

Only time I’ve cashed out BTC was for a down payment for a house in 2020. Pulled out ~$100k through Coinbase with 0 issues. Took a day if I remember correctly and there was no hold up on the bank end either. I’m a pretty cautious person so anything more than a paycheck is a significant enough sum for me to be concerned about it. I did my research and found that CB was pretty reputable. Nowadays exchanges are so liquid it really doesn’t matter how much money you have they’ll be able to get it to you. I’d be much more concerned about sending to the correct address instead of worrying About if the exchange is gonna screw you over.

Soft_Chocolate_2265

If I use my debit card on uphold or coinbase it's available immediately to withdraw to my ledger address.  I can also send the money to the debit cards immediately 24/7, with uphold and coinbase.  Ach deposits and withdraw take time on any platform cause it has to post and clear or at least verify funds are there.  Kraken only supports ach deposits for me and makes me wait 7 days which is fine cause I don't buy and flip usually and they have what CB and Uh doesn't and vice versa. 

RealEnnie

What about all that governments and CB that are about to buy or tries to dip toes? And all those institutions and ETF*cks? I know this long stretch but i think (and i know shit as everybody around) that some big buyers will see lower price as a great opportunity to step in therefore maybe it will not be that dramatic bloodbath as FTX. You know it is different this time around.

New-Ad-9629

Sorry, I didn't read it properly. But my suggestion is that whatever platform you use, don't buy $50k worth in one order. Spread it out using DCA. I think with CB1 you can buy $10k worth BTC with only $29.99/month

mold_user_5555

I regret being locked out my acct for 4 years. Ty CB. 🙄 Also my friends sold all his crypto today to invest in one stock. So…idk anymore