Coinbase payout threshold to decline dramatically

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Steve Sokolowski
Posts: 4585
Joined: Wed Aug 27, 2014 3:27 pm
Location: State College, PA

Coinbase payout threshold to decline dramatically

Post by Steve Sokolowski » Fri Dec 15, 2017 2:48 pm

The payout threshold for Coinbase dollar payouts will be declining dramatically beginning next week. I determined that if we send bitcoins to Coinbase in one large transaction, and then use the user's E-Mail address instead of getting a deposit address, no additional fees are charged. Therefore, there is no reason not to sell bitcoins every single day for all users who want to be paid in dollars.

I lowered the threshold to $100 tomorrow for a testing period, and then it will be lowered to $1 on Monday after we've proven this method works.
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cvmines2
Posts: 7
Joined: Wed Dec 13, 2017 5:31 pm

Re: Coinbase payout threshold to decline dramatically

Post by cvmines2 » Fri Dec 15, 2017 11:05 pm

Hello,

Thank you for reducing this. It said I had a coinbase USD payout in 5 hours when I checked 2 hours ago, now it says payout within 1 day?
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Foxx
Posts: 87
Joined: Mon Dec 04, 2017 6:20 pm

Re: Coinbase payout threshold to decline dramatically

Post by Foxx » Sat Dec 16, 2017 7:13 am

GDAX fees are significantly lower.
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