Bitcoin for Euros at zero fees this week: Coinbase
Bitcoin company Coinbase has announced that Coinbase customers will have their fees waived when buying and selling Bitcoin with Euros until the end of this week. The announcement comes in light of the Greece crisis which has banks shut down and ATM withdrawals limited to 60 Euros per day in order to avert a banking collapse. In an official blog post, Coinbase stated: "We feel that all Europeans should educate themselves on the benefit of using a global currency that is not controlled by any particular country or company. As part of our effort to make it easy for anyone to buy and sell....
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Coinbase has announced it will charge users a fee to send both Bitcoin and Ethereum due to what it calls “significant costs.” In an update about its “spring cleaning” Wednesday, the exchange and wallet provider said it would no longer pay Bitcoin and Ethereum network miner fees from March 21. The post states: “We now have over six mln users worldwide, and this has become a significant cost. Fees will be assigned dynamically based on the current network conditions and will be paid by customers when they send an on-chain transaction.” Coinbase is not the only business changing its practices....
Coinbase will soon be doing away with their $0.15 ACH fee charged on all buys and sells. The fifteen cent fee has long been a point of contention and Coinbase is making the move to bear the cost of interfacing with the legacy banking system themselves. In an Ask me Anything Coinbase AMA on Youtube, Coinbase heads Fred Ehrsam and Brian Armstrong have been asking user-generated questions pouring in from several social media founts. Ehrsam explained: Right now we pay miner's fees for our users. It's kind of the same idea. Most people probably don't want to think about them [the fees]. Also....
Coinbase founders Fred Ehrsam and Brian Armstrong conducted a video question and answer session today this evening, and new information revealed by the two indicates that some changes when it comes to fees charged to users are in the works, among other things. When it comes to that pesky $0.15 ACH/bank fee assessed to buys and sells, it's gone. However, the one percent fee charged in addition to said $0.15 fee will still be charged to the customer. Thankfully, Coinbase might reduce that percentage further some time in the future. The move likely comes with pressure from Coinbase's....
Spanish startup Bit2Me has launched an app that is allowing European users to transform bitcoins into euros at over 10,000 ATMs in Spain. Company founder Leif Ferreira says: "Bit2Me is an easy way for new users to probe cryptocurrencies by converting bitcoin into euros anywhere in Spain, without registration and from a mobile device." The process is fairly simple. Users enter the amount of euros they want to withdraw at an ATM, as well as a telephone number to which the machine can send a verification code. From there, the user is required to pay the necessary bitcoin fees and the....
In support of Bitcoin Black Friday, of which Coinbase is a sponsor, the company has announced today that they will be waiving all fees on the shopping holiday, allowing its customer to buy, sell, and receive Bitcoins without having to pay fees. Black Friday is the day following Thanksgiving in the United States where many retailers offer extremely discounted pricing on products in effort to move them in time for the Holiday season. The Bitcoin community is doing something similar, dubbed Bitcoin Black Friday. A number of retailers who accept Bitcoin will also be offering attractive....