Advertisement

Anonymous

14 Dec 2021

∙

I charged $150 (inclusive of fees indicated) into my Coinbase account to buy BTC. However, my bank statement showed that $154.2 was deducted. Does anyone know the reason why?

Was trying out coinbase but who should I report to because of the discrepancies as well?

2

Discussion (2)

What are your thoughts?

Learn how to style your text

rogersk

Edited 14 Dec 2021

Go check coinbase fees. From what it seems, you on ramped fiat via debit/credit card.

If you do not know, Visa/Master/AMEX, whatever payment company, charges a fee to the merchant whenever their services are used.

So most exchanges (merchant) charges this fee back to the customer (you). That's why the 2.8% extra they've charged you.

Seems like the fees you saw were only trading fees to buy crypto using fiat.

Swhy I only look for exchanges that can on ramp fiat free. For example, crypto.com via xfers is free. But if I use a credit card, if I'm not wrong, I'm charged a 3% fee.

I may be wrong, but this seems like the only possible thing I can think of.

Reply

Save

View 1 replies

Write your thoughts

Related Posts

SAXO is charging me 0.75% fee on every transfer i make from my Singapore bank account to SAXO USD account. Has anyone found a way to avoid these fees on SAXO?

Anyone knows if there’s any fees involved when you deposit funds from your bank accounts to tiger brokerage account?

I registered for DBS invest saver G3B and $100 was deducted on 15/6/2020. However, I have not seen any units until now. Does anyone know when the units will show?

1)Can someone explain how SYFE charges? I have 3 accounts with them and i notice that i have fee deduction in all 3 accs? Shouldn't it be only 1 fee charged?2) My portfolio has been underperforming

I'm a self-employed & will receive my fees in USD. Should I open an USD accounts or receive the fees in my SGD accounts? Any recommended opt that can save in exchange rate and bank charges?

Related Posts

SAXO is charging me 0.75% fee on every transfer i make from my Singapore bank account to SAXO USD account. Has anyone found a way to avoid these fees on SAXO?

Anyone knows if there’s any fees involved when you deposit funds from your bank accounts to tiger brokerage account?

I registered for DBS invest saver G3B and $100 was deducted on 15/6/2020. However, I have not seen any units until now. Does anyone know when the units will show?

1)Can someone explain how SYFE charges? I have 3 accounts with them and i notice that i have fee deduction in all 3 accs? Shouldn't it be only 1 fee charged?2) My portfolio has been underperforming

I'm a self-employed & will receive my fees in USD. Should I open an USD accounts or receive the fees in my SGD accounts? Any recommended opt that can save in exchange rate and bank charges?

Advertisement