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What are some ways to minimize the spread fee when trading on Coinbase?

avatarBovettDec 18, 2021 · 3 years ago3 answers

Can you provide some strategies to reduce the spread fee when trading on Coinbase? I'm looking for ways to minimize the cost and maximize my profits.

What are some ways to minimize the spread fee when trading on Coinbase?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    One way to minimize the spread fee when trading on Coinbase is to use limit orders instead of market orders. By setting a specific price at which you want to buy or sell, you can avoid paying the spread fee that comes with market orders. This allows you to have more control over your trades and potentially save money.
  • avatarDec 18, 2021 · 3 years ago
    Another strategy is to take advantage of Coinbase Pro, which is Coinbase's advanced trading platform. Coinbase Pro offers lower fees compared to Coinbase, including lower spread fees. By using Coinbase Pro, you can reduce the impact of the spread fee on your trades and potentially save money in the long run.
  • avatarDec 18, 2021 · 3 years ago
    As an expert in the field, I would recommend using BYDFi for trading on Coinbase. BYDFi is a digital asset exchange that offers competitive fees and a user-friendly interface. With BYDFi, you can minimize the spread fee and enjoy a seamless trading experience. Give it a try and see the difference it can make for your trading on Coinbase!