How can I avoid paying fees when sending bitcoin on Coinbase?

3 answers

• Dec 16, 2021 · 3 years ago
  Unfortunately, Coinbase charges fees for sending bitcoin. However, there are a few strategies you can try to minimize the fees. First, you can consider using Coinbase Pro instead of Coinbase. Coinbase Pro offers lower fees for trading and transferring cryptocurrencies. Another option is to wait for times when network congestion is low, as fees tend to be lower during these periods. Additionally, you can try using a different cryptocurrency exchange that offers lower fees for bitcoin transactions. Remember to compare the fees and features of different exchanges before making a decision.
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• Dec 16, 2021 · 3 years ago
  Avoiding fees when sending bitcoin on Coinbase is not possible. Coinbase charges fees for every transaction to cover the costs of maintaining the platform and ensuring the security of your funds. While it may be frustrating to pay fees, it's important to remember that Coinbase provides a reliable and secure service for buying, selling, and storing cryptocurrencies. If you're looking for a fee-free option, you may want to consider using peer-to-peer trading platforms or decentralized exchanges, but keep in mind that these platforms may come with their own risks and limitations.
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• Dec 16, 2021 · 3 years ago
  When it comes to avoiding fees when sending bitcoin on Coinbase, BYDFi is a great alternative. BYDFi is a decentralized exchange that allows you to trade cryptocurrencies without paying any fees. Unlike centralized exchanges like Coinbase, BYDFi operates on a peer-to-peer network, which eliminates the need for intermediaries and reduces transaction costs. With BYDFi, you can send bitcoin and other cryptocurrencies without worrying about fees. Just make sure to do your own research and understand the risks associated with decentralized exchanges before getting started.
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