I am new to investing in Etherum and Coinbase. I know with credit cards there is a 3.75% fee for buying. It seems like with direct bank transfer there isn't? Is this true?

Also how are taxes calculated with earnings here?


Transaction fees vary with location. Taxes definitely do. But I'm not a tax lawyer.

Here's a link to the Coinbase pricing page, where they list the percentage fees based on location and payment method:


  • Thanks @Eric I see that there is a 3-5 days waiting period for using bank transfer. During the 3-5 days if prices go up and down, do I pay at the initial price? Or the price when they receive the money (3-5 days later)? – b11 Jun 9 '17 at 14:44
  • In my experience you pay the price associated with the initial exchange rate – user9402 Jun 9 '17 at 14:45
  • Last question, would you trust Coinbase with your bank info – b11 Jun 9 '17 at 14:46
  • 1
    Yeah. They have the most regulation of any exchange that I know of. If they screw up they'd be facing a pretty serious class-action lawsuit. I just wouldn't keep any Bitcoin/Ethereum/Litecoin in Coinbase's wallet for too long for a myriad of reasons. After you receive the coins, I'd send them to a wallet off of the exchange – user9402 Jun 9 '17 at 14:52
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    Basically if your government suddenly says crypto is illegal or shutters Coinbase, you still have control of your funds without relying on a third-party :) – user9402 Jun 9 '17 at 14:53

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