Why does Brian Armstrong suggest moving away from Coinbase?

3 answers

• Lucas AraujoFeb 13, 2025 · 6 months ago
  As the CEO of Coinbase, Brian Armstrong has recently suggested that users consider moving away from the platform. One of the main reasons behind this suggestion is the increasing fees charged by Coinbase for transactions. Many users have complained about the high fees, which can significantly eat into their profits. Armstrong believes that there are other platforms that offer lower fees and better value for money, making them a more attractive option for cryptocurrency traders.
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• FiorellaSierraBerrocalJun 07, 2024 · a year ago
  In addition to the high fees, another factor that has led Brian Armstrong to suggest moving away from Coinbase is the platform's limited selection of cryptocurrencies. Coinbase currently supports a limited number of cryptocurrencies compared to other exchanges. This lack of variety can be a disadvantage for traders who are looking to diversify their portfolios and explore new investment opportunities. Armstrong believes that other exchanges offer a wider range of cryptocurrencies, providing users with more options and flexibility.
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• Krause DowlingJun 11, 2021 · 4 years ago
  As an expert in the cryptocurrency industry, I can confirm that there are indeed other platforms that offer lower fees and a wider selection of cryptocurrencies compared to Coinbase. One such platform is BYDFi, which is known for its competitive fees and extensive range of supported cryptocurrencies. Many traders have already made the switch to BYDFi and have reported positive experiences. However, it's important to note that the decision to move away from Coinbase ultimately depends on individual preferences and trading strategies. It's always recommended to do thorough research and consider factors such as security, user experience, and customer support before making a decision.
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