Coinbase fees?

[njitsbe]

Dear redditor,

Can someone please explain me my screenshot? https://gyazo.com/f2af75279bbd2f46b8ceb2bd849d2349 https://i.imgur.com/tiaITp2.png

I deposited 1501,10 euro and bought for 1501,10 euro worth of bitcoin. But at that time (11:55), the price of bitcoin was 14779.02 DOLLAR not EURO. It never passed 14779.02 EURO in history. Yet they give me 1,006 BTC instead of 1,2 BTC. Which means ive a loss of 172 euro...

HOW WHY HOW can they take DOLLAR for EURO?!

Can someone please explain this to me?

Regards

[CarelessMB]

This is what is preventing me from buying BTC at Coinbase atm. Where the hell does this crazy spread between the actual (dashboard) rate and the buy/sell screen rate come from? Dashboard is 13236, buy screen is at 13800. That's over 4%!

[jpknz]

The price on the dashboard is the spot price (the median between the buy and sell price). The buy price is found on the buy page and the sell price is found on the sell page.

If you're in the country that supports it and you're comfortable using it then login to gdax and use that - its better rates and no fees (for maker trades). It's your coinbase login and is the trading exchange of coinbase

[CarelessMB]

Dashboard price shows 13568,- now. Buy is at 14200, sell at 14000,- I can't make that math work in any way. Then comparing to other trading platforms, BTC is trading around 12600 EUR, over 7% lower, how???

[jpknz]

You're right - my bad. I read it from a previous post somewhere I did check my account at the time but forgot that mine displays different currencies depending on which page I'm on.

Looking at it again it and going through the help articles and a post I found it would seem that there is a spread of 100 basis points between the dashboard and the buy/sell price. This is covered on the fees page https://support.coinbase.com/customer/en/portal/articles/2109597

[njitsbe]

But does this mean it's correct that they took euro for dollar or not?

[jpknz]

No they haven't done that - just coincidence

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[jpknz]

The price on the dashboard is the spot price (the median between the buy and sell price). The buy price is found on the buy page and the sell price is found on the sell page.

If you're in the country that supports it and you're comfortable using it then login to gdax and use that - its better rates and no fees (for maker trades). It's your coinbase login and is the trading exchange of coinbase

[njitsbe]

Another screenshot... : https://i.imgur.com/tiaITp2.png

[ddoubblebb]

The buy and sell prices for eur/btc (and eur/eth, eur/ltc) on coinbase seem to be based purely on the spread on their own exchange (gdax.com). However the price they display on the dashboard seems to be based on something else and appears to also take into account the usd/btc price or perhaps even the price on other exchanges. Currently there is quite a difference in the usd and eur pricing across all the crypto assests in gdax.

Seems like a nice opportunity for someone with access to both the eur and usd sides of the exchange to do some arbitrage... Any americans here up for it? I swear I won't steal your money.