Fair, but I feel like most people I know aren't using crypto as a currency right now. They're more interested in holding or speculating on the price, so transferring to another wallet is a non-issue.

> Also, they claim no fees, but they add the fee to the spread (the spread is artificially increased to 1% both ways (2% total))

I'm not up to date on Coinbase's latest fee structure, but I think 2% still may be less than, or at least comparable, to what they are charging. Even if it isn't, the illusion of no fees will attract a certain amount of people.

> especially if you trade a substantial amount each month

Do people trade a lot using Coinbase (serious question)? I was under the impression that there were better platforms out there more suited to day/swing trading crypto.

But it goes down quickly. It gets cut in half if you trade $50k/month and goes to down to 0% if you trade a lot.

It's been a while since I've used Coinbase, but I feel if you want to just buy a small amount of crypto, the total fees can be up to like 10%.

Coinbase charges 2.5% to purchase.