The question is will it be easy to transfer that btc out of the app if you wanted to hold them in your own wallet down the road or spend them? And what fees do they charge for sending?
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The question is will it be easy to transfer that btc out of the app if you wanted to hold them in your own wallet down the road or spend them? And what fees do they charge for sending?
Great questions! Once your change has been invested into a crypto such as bitcoin it is very easy to sell or send to your own personal wallet. You would just go on coinbase and sell/send it! The standard coinbase fees, coinflash does not charge any extra to it. They also just added a great new feature where you can easily turn your bitcoin/ethereum/litecoin into any altcoin of your choice.
It's all very easy to do for even the new people, great for getting people into crypto!
I get it. So everything is handled through coinbase. Basically, the app is just used to monitor your transactions and then everything is done through coinbase.
Coinflash does not store your cryptocurrency. The crypto is stored in your Coinbase wallet. You can transfer it out any time. All fees are handled by Coinbase as far as transferring it in/out.
-Lou