The most likely reason that Coinbase charged you $100 is because you made a purchase using a credit or debit card. When you use a credit or debit card to make a purchase, the card issuer generally charges a fee. This fee is typically around 3% of the transaction amount.
NOTE: WARNING: You should be aware that Coinbase may charge you a fee of up to $100 for certain transactions. This is usually done when a customer attempts to purchase an item that exceeds the amount available in their account, or if the transaction is considered a high-risk purchase. It is important to review the Coinbase user agreement for more information on fees and any other charges that may apply.
So, if you made a $100 purchase with your credit or debit card, the card issuer would charge a $3 fee. Coinbase likely passed this fee on to you, hence the $100 charge.
There are a few other reasons why Coinbase may have charged you $100, but the most likely reason is that you used a credit or debit card to make your purchase. If you have any questions about the charges on your account, we recommend reaching out to Coinbase directly for clarification.
8 Related Question Answers Found
If you’re wondering why your Coinbase limit is $100, there are a few possible explanations. First, it’s important to understand that Coinbase imposes limits on how much you can buy and sell in a given day. These limits are designed to protect Coinbase and its users from fraud and abuse.
If you are new to the crypto world, you may be wondering why your Coinbase account has a $100 limit. There are a few reasons for this. First, Coinbase is a regulated company.
Coinbase, one of the most popular cryptocurrency exchanges, has been criticized for its high miner fees. Recently, users have been complaining about the high fees associated with transferring Bitcoin on the Coinbase platform. Coinbase has a fixed fee for each transfer type.
Mining fees are the cost your wallet pays for the computing power which confirms transactions on the Bitcoin and Ethereum blockchains. On average, miners are paid around $10-$12k per block by cryptocurrency exchanges. However, over the past few months, Coinbase has been paying significantly higher fees – sometimes as high as $30-$40 per block.
Coinbase is one of the most popular cryptocurrency exchanges and allows users to buy and sell cryptocurrencies. However, Coinbase also charges fees for its services. Why does Coinbase charge so much?
In February of this year, Coinbase, one of the most popular cryptocurrency exchanges, announced that it would be rolling out support for buying and selling Bitcoin (BTC) and Ethereum (ETH) with U.S. dollars on its platform. This was big news for the crypto community, as it meant that Coinbase would finally be allowing its users to buy and sell cryptocurrencies with fiat currency.
Asking customers to verify their identity is nothing new for companies handling sensitive information. But for Coinbase, one of the most popular cryptocurrency exchanges, this process has been anything but smooth. For some users, the process of verifying their identity with Coinbase has been an exercise in frustration.
When you use Coinbase to buy or sell cryptocurrencies, they charge a small fee. The fees go to cover the costs of running the exchange, such as paying for customer support, security, and processing transactions. Coinbase also charges a spread, which is the difference between the buy and sell price of a currency.
