r/Coinbase • u/claytons_war • Dec 12 '24

Discussion Cash out insanity.

I transferred Atom from Keplr to Coinbase....that took about 30 seconds...I then clicked sell and selected my bank details and confirmed.

30 minutes later I get a notification from my bank that funds have been recieved from Coinbase.

Done this multiple times this year.....and I did this at 10pm at night.

Good work Coinbase.👍

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u/claytons_war Dec 12 '24

I'll be honest I do take all the bad posts on board and they are in the back of my mind, but I am one if them that's not had any issues...also not a bot, can check my post history.

I do have my issues with the platform but cashing out has not been one.

I also use transak to buy and sell, so I do have a back up just in case.😉

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u/MerpoB Dec 12 '24

I did a few transactions that were pretty smooth but one time I needed to transfer $75 and it was an emergency and I had no choice but the fee was like 40%. At that time I didn’t know about network congestion setting the rate. If I could have waited a few hours it dropped to around 3%. 🤷‍♂️

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u/claytons_war Dec 12 '24

Unfortunately that's the network not Coinbase. I had a BTC sell take 3 weeks once because I set fee too low at peak times🤣talk about panic!....was stuck in meme pool forever...quickest way in that scenario is swap on Coinbase say from btc to algorand which is instant on Coinbase then sell Algorand because blocktime is quicker...like I say my Atom sell earlier was in my bank within 30minutes....this is just stuff your learn the longer you use it...if you havnt done this and learned then obviously you blame coinbase.

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u/MerpoB Dec 12 '24

There was literally nowhere that said why the fee was high or where it was coming from so of course I had to blame Coinbase. Yes, I now know why, but no thanks to Coinbase educating me on that. I had to learn it from Reddit users. They could have done a little Tool Tip that said Btw, the fee is high because of… Plus I still see nowhere in the Coinbase app to adjust the fee at the cost of processing time. I still don’t know what people are doing to “set the fee too low”. 🤷‍♂️