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Coinbase Fee Raking

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Been using CB Pro for a while now, but just realized they're raking another fee on top of the Network Fee and passing it off as if it's the blockchain fee. I transferred from CB to my cold wallet and was charged $14 for Bitcoin Network Fee. Looking at blockexplorer, my output is batched with 15 other transactions, for a total fee of $40. I previewed a send back to CB and it's $3 for normal and $4 for high. So they're charging about 5x what the network fee actually is.

I wouldn't be so annoyed if they just said that's the cost of their transfer as well, but to pass this off as the Bitcoin Network Fee without any further disclaimer seems fraudulent.

Welp, guess it's been a while since I have shopped around for a new onramp.

submitted by /u/eckstuhc
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