Coinbase will stop paying fees -- good time to move all btc to a trezor.

[Windowly]

Coinbase has announced that starting May 21 they will stop paying miners fees. It's been one of the big draws of using coinbase as a wallet and obviously become unaffordable to them as well.

If you have a trusty trezor and bitcoins on the exchange. . . there are few days to move your coins for free.

This is just another example of how the bitcoin ecosystem is changing in a negative way because bitcoin no longer is a really viable payment network. Hopefully that changes soon.

[Kami]

Thank you for that info.
Because of some problem of Bitcoin fees coinbase take that action.

[mocacinno]

altough i completely agree with your advice, for the sake of new users that don't hold enough coins to justify a $100 hardware wallet, i would also like to say that there are other (free) options to move your BTC to:

From most secure to least secure:

• [most secure]Offline wallets (https://en.bitcoin.it/wiki/How_to_set_u ... ngs_wallet)
• [most secure]Hardware wallets (Trezor, keepkey, ledger)
• [really secure]Paper wallets (can be categorized as "most secure" if you created them correctly, but if you mess up, they're just "really secure"
• [secure]Desktop wallets (core, electrum, multibit HD, knots,...)
• [less secure]Mobile wallets (primarely because the chance of thefth is bigger with a mobile device)
• [NOT secure]Online wallets (NOT going to list them, so i cannot give idears to new users)
• [NOT secure]Exchange wallets (NOT going to list them, so i cannot give idears to new users)

[Windowly]

altough i completely agree with your advice, for the sake of new users that don't hold enough coins to justify a $100 hardware wallet, i would also like to say that there are other (free) options to move your BTC to:

Ah thank you for the list. Trezor is good but you are right -- it might not be (sadly) in everyone's budget. (Although I can't wait till personal security devices like the trezor are cheap enough for everyone.)

Paper wallets are great for storing money but when you import the private key into Mycelium, blockchain.info or wherever you import it you open yourself to so many vulnerabilities.

[Rmcdermott927]

As someone who does large buys once a month, it is virtually irrelevant. The people most affected by this are those who do frequent, smaller purchases and withdraw immediately.

[bientang]

Coinbase has announced that starting May 21 they will stop paying miners fees. It's been one of the big draws of using coinbase as a wallet and obviously become unaffordable to them as well.

If you have a trusty trezor and bitcoins on the exchange. . . there are few days to move your coins for free.

This is just another example of how the bitcoin ecosystem is changing in a negative way because bitcoin no longer is a really viable payment network. Hopefully that changes soon.

Is this mean if we are send or receive bitcoin using coinbase there is no fees? Or just from certain wallet?

[Windowly]

Coinbase has announced that starting May 21 they will stop paying miners fees. It's been one of the big draws of using coinbase as a wallet and obviously become unaffordable to them as well.

If you have a trusty trezor and bitcoins on the exchange. . . there are few days to move your coins for free.

This is just another example of how the bitcoin ecosystem is changing in a negative way because bitcoin no longer is a really viable payment network. Hopefully that changes soon.

Is this mean if we are send or receive bitcoin using coinbase there is no fees? Or just from certain wallet?

There were no fees before. Now there will be fees if it is on-chain.

If the transaction is between two Coinbase users it is off-chain and still free.

[grandFX]

Yes, it's a good choice to move your bitcoin to xapo if you want to get paying fees. If I am not wrong
Just reminder that don't store you all btc in the online wallet. it's not enough safe.

[bientang]

There were no fees before. Now there will be fees if it is on-chain.

If the transaction is between two Coinbase users it is off-chain and still free.

Bad news. Maybe because price of bitcoin is still increase and many transaction so they use fee for send to another wallet

Yes, it's a good choice to move your bitcoin to xapo if you want to get paying fees. If I am not wrong
Just reminder that don't store you all btc in the online wallet. it's not enough safe.

xapo is same with luno, right? Some people said from 1 march luno get fee when we receive bitcoin. So fee not only when we send btc but also when we receive bitcoin.

[grandFX]

There were no fees before. Now there will be fees if it is on-chain.

If the transaction is between two Coinbase users it is off-chain and still free.

Bad news. Maybe because price of bitcoin is still increase and many transaction so they use fee for send to another wallet

Yes, it's a good choice to move your bitcoin to xapo if you want to get paying fees. If I am not wrong
Just reminder that don't store you all btc in the online wallet. it's not enough safe.

xapo is same with luno, right? Some people said from 1 march luno get fee when we receive bitcoin. So fee not only when we send btc but also when we receive bitcoin.

It's different xapo with luno. Luno is an exchanges and xapo is the online wallet
But I don't know for sure that Luno is paying miners fee or not.

[bientang]

It's different xapo with luno. Luno is an exchanges and xapo is the online wallet
But I don't know for sure that Luno is paying miners fee or not.

Sorry i think it is same. In your comment before you said dont save our bitcoin in online wallet. Do tuou hve recomended wallet to save our bitcoin?

[grandFX]

It's different xapo with luno. Luno is an exchanges and xapo is the online wallet
But I don't know for sure that Luno is paying miners fee or not.

Sorry i think it is same. In your comment before you said dont save our bitcoin in online wallet. Do tuou hve recomended wallet to save our bitcoin?

Mycellium, electrum, bitcoin core, and many more.
you can choose the wallet bitcoin at https://www.bitcoin.com/choose-your-wallet