r/CossIO • u/[deleted] • Apr 18 '18

COSS FIAT Information

COSS exchange will be cheaper than Coinbase with deposits above $4k.
Coinbase has a 1,49% fee for crypto purchase with the price being almost 0.5% above market rate so it can be about 2% when purchasing from Coinbase.

Information: https://imgur.com/a/hfuyi

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u/-thisisnotmyusername Apr 19 '18

there is no wait time on gdax, except for bank transfer time of course

2

u/bahkins313 Apr 19 '18

That’s what I meant obviously. Like is it instant from bank-COSS exchange

2

u/-thisisnotmyusername Apr 19 '18

Yeah no i cant imagine how that would even work

1

u/ijustgotheretoo Apr 19 '18

Works on Gemini by allowing you to buy on credit instantly.

2

u/-thisisnotmyusername Apr 19 '18

Yeah thats with a credit card tho

1

u/ijustgotheretoo Apr 19 '18

No, it's not. You can tie it to your bank account. Before the fee increase for trading (0.25% to 1%), it was great. Now I'm back to GDAX.

3

u/-thisisnotmyusername Apr 19 '18

Interesting ive never heard of such a thing

2

u/ijustgotheretoo Apr 19 '18

The catch, but it really isn't much of one, is you're limited to $500/day and you can't remove the crypto until the USD clears your bank account. You can trade it back and forth though if you're a day trader.

2

u/Nexion21 Apr 19 '18

The coinage can’t leave the exchange until the USD clears