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RE: So.. They Want You To Buy Bitcoin Cash ?? Daily Crypto News w/ Eugene Forrest
This is a proof of work “fraud” from Coinbase! Make sure you use your calculator before you make any transaction on this platform. Not only the calculated fee is higher than the displayed fee, in addition to that an entirely hidden charge will be revealed on top of all charges, if you are smart enough to spot it.
Leave your comment below, I am in search of a transparent place to buy cryptos and will share my experience with you guys so you can avoid these so-called trusted websites!
Your math is off. It should always be the ACTUAL/TOTAL. In this case that would be the payment (after the fee)/cost of a single coin --> 961.63/12638.74 = 0.076085907BTC... Ergo, you're actually getting exactly what is expected (0.07608591BTC) from direct calculation using the correct numbers. There is no "secret fee", at least, not based on this evidence.
The site shows (on the right) that the coin amount is coming from the [total minus the fee]; whatever amount you enter is includes of the fee. In other words, you're only getting 961.63 worth of coin when you pay 1000 due to the fee, just as the website/receipt implies. If you wanted 1000 worth you'd need to pay something like 1046.
You are totally right about the fees but not that much...I have another video that the gap is much severe :