This is going to be a quick post. Let’s look at a couple reasons why Coinbase is shit. What happens to the price of BTC, ETH, and LTC when you try to buy from Coinbase and when you try to sell with Coinbase?

Buying/Selling BTC

Buying/Selling ETH

Buying/Selling LTC

Yep. Try it yourself right now, if you want. Not only do they charge a ~2% transaction fee for buying and selling, but they hide a premium of another 1% for no reason. This is thievery, plain and simple. And it will continue if people keep using Coinbase.

Let’s look at what happens when you make a $51 vs. a $52 transaction:

Your fee increases by a full dollar and you get NO more BTC, ETH, or LTC in return. Your subtotal remains the same.

Lesson: Only use Coinbase if you don’t really give a shit about getting scammed.

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