If you use Coinbase, please save on fees by using Coinbase Pro. At $9600 a coin, a $20 purchase today makes your cost basis more than ~$10,400.

I have a feeling this won't be received well because it's ultimately just basic math... but it's important to keep in mind when you're buying Bitcoin. Fees can increase your cost basis substantially.

$20 (purchase) - $1.49 (cb fee) = $18.51

$18.51 / $9631 = 0.00192191

$20 / 0.00192191 = $10,406

Because of the fee, you're essentially buying bitcoin at a price of $10,406. The Bitcoin price will need to be $10,406 for you to break even on your purchase.

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===The same purchase on Coinbase Pro ===

$20 (purchase) - $0.10 (cb pro fee) = $19.90

$19.90 / $9631 = 0.00206624

$20 / 0.00206624 = $9,679

Submitted July 25, 2020 at 10:31PM by a_dodo_stole_my_baby https://ift.tt/3hE8k4W