So I did a little math on Coinbase’s $20 Bitcoin “Recurring buy reward”
EDIT: With help of this lovely community we unearthed a method of claiming all $20 with minimal fees! This still goes to show the importance of fee difference on Coinbase vs Pro
Being the super math wiz that I am, I calculated out how much $ you really get for using this award considering you have to buy on Coinbase and not Pro.
A quick piggy back off of my post about making sure you always buy on Pro.
Using the minimum $50 recurring investment where you would earn $10 BTC at the 4th and 8th buy:
Coinbase fee per trade: $1.99 (2) in fees x 8 trades = $16 bucks in fees.
Coinbase PRO doing the same trades: $0.25 in fees x 8 trades = $2 in fees
$20 reward – $14 extra you'd pay in fees = a whopping 6 bucks in free BTC. Looks can be deceiving.
If you want that solid 6 bucks of free BTC, go for it, but cancel recurring immediately after that 8th buy or you start losing $$ in fees.
ALWAYS BUY ON COINBASE PRO
Reccuring buy 8x for $50 USDC (no fees)
Send USDC to Pro (no fees) 5 day waiting period to transfer if deposited from bank
Convert USDC to USD for free on Pro and buy whatever coin you wanted.
Save a butt-load in fees and get $20 BTC