Can someone explain why the BTC price when you go to buy on Coinbase is way higher than the actual price?

Outdoorag011 said:

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Can someone explain why the BTC price when you go to buy on Coinbase is way higher than the actual price?

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They're a business trying to make money. They also need to account for the volatility with Bitcoin, so you'll see it be some fraction of a percent above the actual price so they don't lose money if Bitcoin goes up while your transaction is processing.

I buy BTC on SoFi (yes I know I don't actually own it) and my buys are sometimes $1800 above the "real time" streamed price.

Is it THAT much fluctuation?

phideaux_2003 said:

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I buy BTC on SoFi (yes I know I don't actually own it) and my buys are sometimes $1800 above the "real time" streamed price.

Is it THAT much fluctuation?

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No...get a Bittrex or Voyager account, even those are setup the same but the difference between actual and posted prce at the time is not that $1800 off

phideaux_2003 said:

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I buy BTC on SoFi (yes I know I don't actually own it) and my buys are sometimes $1800 above the "real time" streamed price.

Is it THAT much fluctuation?

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Wow.

To be fair 1800 is what, 3%?

Not ideal obviously, but still better than $70 Gas fees on $20 of coins. Not that I'm bitter or anything.

Friend got me in SafeMoon on Friday and already doubled. Not sure how long this party will last but its running now

YourFavAggie said:

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Friend got me in SafeMoon on Friday and already doubled. Not sure how long this party will last but its running now

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I feel like I'm pretty good with technology but it I gave up on trying to buy SafeMoon. Extremely tedious and complicated. I guess when they make it easier, it will skyrocket.

Ags2013 said:

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YourFavAggie said:

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Friend got me in SafeMoon on Friday and already doubled. Not sure how long this party will last but its running now

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I feel like I'm pretty good with technology but it I gave up on trying to buy SafeMoon. Extremely tedious and complicated. I guess when they make it easier, it will skyrocket.

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After he explained the process, I had him buy some for me and then I paid him later. Took a day to process his second payment as well. Definitely a complicated process

I have coinbase, voyager, and kraken. By far, Voyager is the easiest to navigate between the three. Is there a catch I'm under thinking? I've had a helluva time just moving cash into these services. So much so that I gave up on Kraken.

Coinbase was definitely better. At the time, I was trying to transition away from Robinhood and was trying to find a service that used dogecoin. Voyager took freaking forever to verify my identity. Binance never did. And I didn't want to touch Kraken's wire service.

Yes, you pay high % fees with Coinbase. Voyager maybe slightly harder and may take a little to get working, but I'll suck that up to keep $$ in my pocket and not theirs.

Bittrex has actually been easy to use, fast trades, lower fees, but no interest like Voyager and they haven't listed VET yet.

I really like Voyager. I got an account set-up, funded, and trading in 11 day. I was shocked.

Bought into safemoon a couple weeks ago, got 210 million for cheap, I'm usually against hype coins but safemoon will have actual utility and the team works their asses off, safe mars, elongate and moonshot are all growing in popularity but I didnt want to get into safe mars or elongate thinking they are just hype coins, but I got my 210 million safemoon and I did buy 15 billion moonshot just to see what happens. They are interesting coins and safemoon has made me alot of money so far

Edit: they also might be getting listed on 2 big exchanges soon, Binance seems like it's almost Guaranteed and then I've heard coinbase but not 100% sure. After they became the number 1 trending crypto on twitter, exchanges reached out to them

aggiengeorgia10 said:

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Bought into safemoon a couple weeks ago, got 210 million for cheap, I'm usually against hype coins but safemoon will have actual utility and the team works their asses off, safe mars, elongate and moonshot are all growing in popularity but I didnt want to get into safe mars or elongate thinking they are just hype coins, but I got my 210 million safemoon and I did buy 15 billion moonshot just to see what happens. They are interesting coins and safemoon has made me alot of money so far

Edit: they also might be getting listed on 2 big exchanges soon, Binance seems like it's almost Guaranteed and then I've heard coinbase but not 100% sure. After they became the number 1 trending crypto on twitter, exchanges reached out to them

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What's the appeal to safemoon? Give me the elevator pitch.

EDIT: It doesn't even look like you can buy safemoon right now. They require you to buy BNB and then swap it for safemoon, but the hype around safemoon has caused Trust Wallet to halt BNB purchases because they cannot keep up with BNB demand.

I'm gonna be 100% honest with you, I dont know what an elevator pitch is lol, currently they are listed on 4 small exchanges but that could be changing soon, I'm hoping 1 of the 2 big exchanges rumored to be taking on safemoon is either coinbase, kraken or voyager, but we will find out the big news wednesday. Safemoon wants to do some gimmicky stuff ( what I feel is gimmicky) like a video game but one big thing they are working on is the safemoon exchange. The safemoon exchange ( not sure what they will actually call it) will be like the exchanges where you earn crypto for holding but they want it to be for all cryptos on their exchange not just certain ones. I think that is the biggest project. Also they have a very large very fast growing community, alot of people are selling their doge to buy safe moon but it is a pain to get it right now, I'm just happy I bought when I did lol

As for the token itself there are a few issues, first is the massive amount of damn coins, now they did a large burn and continually burn coins so the number is down from 1 quadrillion ( yeah insane) to 600 trillion ( still ****ing too high lol) but it burns with every transaction and transfer. Also you automatically get safemoon just for holding, in the past 2 weeks I've earned over 2 million and did nothing but hold, so I like that but they really need to do another large burn, too many damn coins.

I was shocked that this thing is only 6 weeks old but its market capitol is over 4 billion right now

aggiengeorgia10 said:

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I'm gonna be 100% honest with you, I dont know what an elevator pitch is lol, currently they are listed on 4 small exchanges but that could be changing soon, I'm hoping 1 of the 2 big exchanges rumored to be taking on safemoon is either coinbase, kraken or voyager, but we will find out the big news wednesday. Safemoon wants to do some gimmicky stuff ( what I feel is gimmicky) like a video game but one big thing they are working on is the safemoon exchange. The safemoon exchange ( not sure what they will actually call it) will be like the exchanges where you earn crypto for holding but they want it to be for all cryptos on their exchange not just certain ones. I think that is the biggest project. Also they have a very large very fast growing community, alot of people are selling their doge to buy safe moon but it is a pain to get it right now, I'm just happy I bought when I did lol

As for the token itself there are a few issues, first is the massive amount of damn coins, now they did a large burn and continually burn coins so the number is down from 1 quadrillion ( yeah insane) to 600 trillion ( still ****ing too high lol) but it burns with every transaction and transfer. Also you automatically get safemoon just for holding, in the past 2 weeks I've earned over 2 million and did nothing but hold, so I like that but they really need to do another large burn, too many damn coins.

I was shocked that this thing is only 6 weeks old but its market capitol is over 4 billion right now

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I found SafeMoon interesting as well. Bought 150 million coins on the cheap. It definitely has potential and at the very least will be interesting to watch. It has more viability than some garbage like Doge.

An elevator pitch is a short summary of why you support a particular thing or idea. Exactly what you provided.

What are the tax implications of swapping BNB for safemoon and then earning safemoon for just holding? Can you be taxed for the swap and taxed on earned safemoon?

How the heck do you buy safemoon?

Edit to say... Ok. I see it's been discussed above. Looks like it's not an option at the moment.

Shiba is spiking again.

I finally made the jump into crypto with a few hundred bucks "gambling" money. I used Voyager and was buying within 10 minutes.

Also, I'm not sure when I'll get out, but I suspect I won't stay in forever like I am with my index funds. Not sure if I'll cash out/trade on dips, or just take periodic profits (assuming I do well). I guess we'll see. Hopefully I, and all of y'all do well.

Crazy that the market has been down as a whole since Saturday.

SidetrackAg said:

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Crazy that the market has been down as a whole since Saturday.

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Perhaps a rebound day is in order.

When you guys research a crypto what metrics do you use to determine if you want to invest into it?

biglebowski said:

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SidetrackAg said:

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Crazy that the market has been down as a whole since Saturday.

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Perhaps a rebound day is in order.

When you guys research a crypto what metrics do you use to determine if you want to invest into it?

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Does it have a use case with any traction or real world usage?

And/or

Is it below $1?

^well said

Fwiw, Venmo is going to allow 4 coins on it's app. Buy, sell, trade, make payments.

BTC, ETH, BTC cash, and LTC.

Webull adding dogecoin to their crypto portfolio.

proc said:

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Fwiw, Venmo is going to allow 4 coins on it's app. Buy, sell, trade, make payments.

BTC, ETH, BTC cash, and LTC.

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I'll believe the bolded part when I see it. Parent company PayPal doesn't to my knowledge. I think it's buy/sell/hold on their exchange only.

It's no different than robinhood, if you can't move it to your own wallet you don't own it imo.

Anyone know the gas fee for transferring Safemoon from wallet to wallet? Can't find it anywhere on the net.

You gotta be crazy to be buying safemoon right now. That is an imminent rugpull if I've ever seen one