11-01-2022, 12:56 PM
Be careful using Coinbase One for trading. "Zero trading fees" is a lie.
<!-- SC_OFF --><div class="md"><p>So I recently decided to try out day/swing trading and thought I'd use Coinbase because of the zero fees they're pushing on their subscription service.</p> <p>I signed up for it just based on what it <a href="https://i.imgur.com/dyzcXIa.jpg">shows you on the outside</a>.</p> <p>When you click on it, you get a bit more info, and should definitely do more digging to see what <a href="https://i.imgur.com/Lxbu58D.jpg">you truly get</a>. </p> <p>Pretty BS. Also annoying because it says it doesn't apply to Coinbase Pro on that part, but there is nothing about Advanced Trading except for <a href="https://i.imgur.com/2l7YoqS.jpg">a little snippet on the Advanced Trading app itself</a>.</p> <p>So you have to trade by buying and selling at market value, and you have to deal with their spread, rather than waiting for a better price. You're also done after one big trade if you're using an account over $10k.</p> <p>I feel like this is complete false advertisement, and they need to change the way they are pushing this "zero fee trading" BS.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/MrCarey"> /u/MrCarey </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/yim4yh/be_careful_using_coinbase_one_for_trading_zero/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/yim4yh/be_careful_using_coinbase_one_for_trading_zero/">[comments]</a></span>
<!-- SC_OFF --><div class="md"><p>So I recently decided to try out day/swing trading and thought I'd use Coinbase because of the zero fees they're pushing on their subscription service.</p> <p>I signed up for it just based on what it <a href="https://i.imgur.com/dyzcXIa.jpg">shows you on the outside</a>.</p> <p>When you click on it, you get a bit more info, and should definitely do more digging to see what <a href="https://i.imgur.com/Lxbu58D.jpg">you truly get</a>. </p> <p>Pretty BS. Also annoying because it says it doesn't apply to Coinbase Pro on that part, but there is nothing about Advanced Trading except for <a href="https://i.imgur.com/2l7YoqS.jpg">a little snippet on the Advanced Trading app itself</a>.</p> <p>So you have to trade by buying and selling at market value, and you have to deal with their spread, rather than waiting for a better price. You're also done after one big trade if you're using an account over $10k.</p> <p>I feel like this is complete false advertisement, and they need to change the way they are pushing this "zero fee trading" BS.</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/MrCarey"> /u/MrCarey </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/yim4yh/be_careful_using_coinbase_one_for_trading_zero/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/yim4yh/be_careful_using_coinbase_one_for_trading_zero/">[comments]</a></span>