How can I avoid ACH fees when using Coinbase?
koilaudiDec 17, 2021 · 3 years ago3 answers
I want to use Coinbase for my cryptocurrency transactions, but I'm concerned about the ACH fees. Is there any way to avoid these fees when using Coinbase?
3 answers
- Dec 17, 2021 · 3 years agoOne way to avoid ACH fees when using Coinbase is to use a different payment method, such as a debit card or wire transfer. These payment methods may have their own fees, but they could be lower than the ACH fees charged by Coinbase. It's worth comparing the fees of different payment methods to find the most cost-effective option for your transactions.
- Dec 17, 2021 · 3 years agoIf you're a frequent Coinbase user, you may be eligible for lower or waived ACH fees. Coinbase offers different fee tiers based on your account activity and verification level. By increasing your account activity and reaching a higher verification level, you may be able to reduce or eliminate the ACH fees. Keep in mind that this may require additional steps and time to complete the verification process.
- Dec 17, 2021 · 3 years agoAnother option to avoid ACH fees when using Coinbase is to consider using a different cryptocurrency exchange. There are several exchanges available that offer competitive fee structures and may have lower or no ACH fees. Research and compare different exchanges to find one that suits your needs and offers a more cost-effective solution for your cryptocurrency transactions. BYDFi, for example, is a popular exchange known for its low fees and user-friendly interface.
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