[WARNING] Coinbase charging Cash Advance Fees on Credit Cards watch out for the high fees

in #cryptocurrency7 years ago (edited)

coinbase-instant.png
Coinbase Charging as Cash Advance on Credit Cards
These Fees are very costly 5% per transactions or 10 dollars whichever is greater.

3 reason why this is bad news

  1. buy $1000 of bitcoin get hit with a fee of $50
  2. buy $10 dollars worth of crypto get hit with a fee of $10
  3. cash advance apr are typically higher then credit card apr

If you been robbed call your bank and tell them that you did n't know and show proof that you purchased before. They may be able to return one of the transactions fees back.

DISCLAIMER Please keep mind I'm no financial advisor, always do your own research before jumping into Crypto. Everything you see on this site is of my own personal bias. Never put money into Crypto that you are not willing to lose. It can be extremely volatile. INVEST AT YOUR OWN RISK**