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theDoC's avatar

@-v- I agree!! Should definitely look into that. @Ben759 Gyen was a hellhole, same thing happened to me which is why i agree with @-v- but the truth is as crooked CB might be and their customer service alone blows for a publicly traded company. They still are the most simple, accessible and fastest when it comes to new coin(s) access and doff choices of coins.

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theDoC's avatar

@Stewdamus yes you are completely right about the conversion, they do not take a coinbase fee etc. however, they do incorporate whatever gas fees into the conversion rate that you are recieving. You will not see it clearly but after doing some math you realize the rate of conversion is a bit higher than listed price (almost equivalent to market price). Therefore, it has to include gas/miner fees etc.

But because its almost so instant and definitely much cheaper to convert coin to coin it makes whatever conv. Rate you receive makes you realize converting on the app is much easier than buying and selling. The one thing I dont know though is how conversion work when it come unrealized gains/losses for tax purposes instead of buying and selling. hope that helped.

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