In today's crypto video I discuss unauthorized coinbase charges and their awful support. I would love to see a good coinbase alternative!
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I think that's simply a fee related to the transaction and not mining. They use the GDAX exchange to fulfill coinbase orders and it's more or less a transaction fee related to using fiat I think. The one I had was for like $252 or something and not just a few bucks.
I noticed on my latest bank statement I was charged 2.50 that correlated with every purchase I made. The description reads, “ATM withdrawal at other Network.” Huh???
That was using a debit card.
That was on top of the fee I was charged for the purchase. I just discovered it yesterday and didn’t understand it and don’t know if it’s a legit charge or not.
I have, since I started getting involved in crypto, set up a separate bank account with separate funds solely for investment purposes so I wouldn’t expect to have this problem in the future.
I’ve read many complaints re fees and different exchanges, but I must say that it was arduous at best getting on to any of them, taking WEEKS. That goes for Binance, Poloniex. Bittrex I still have yet to get on with.
Submitted everything to Robin Hood and they were sitting on my money as the prices rose on things I wanted to buy. Everything was all cleared but there was 1.3 mil people ahead of me.
What I see is the infrastructure is sorely lacking and can’t meet the demand. Yes, Coinbase has a customer service problem but I figured if push came to shove, they were “local” and I knew where they were if I had an issue. Since I’m in the US, I wanted US-based exchanges as I didn’t want all my info floating halfway around the world.
I am really not convinced that any exchange is better than the other at this point, but for the fact that CB allowed fiat currency where so many don’t and you have to start somewhere. And, it’s really easy to use. I really am not a fan of pairings I’ve seen on other sites.
Man, I feel fortunate to only have it for like $250 after reading this! Mine has since been refunded, but it still was pretty shitty when the guy at the register told me I had insufficient funds that morning and I had to go do a walk of shame to put my breakfast back and not eat anything that morning haha.
It happened to me. A few thousand dollars were taken out on the 14th. They all matched previous buys. Still haven't been refunded. And I'm not happy with them either. What a stupid mistake on their part at this point in the game. Thanks for the great videos!
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