What are some ways to send Bitcoin without paying fees on Coinbase?

7 answers

• Jan 11, 2022 · 3 years ago
  One way to send Bitcoin without paying fees on Coinbase is to use a peer-to-peer trading platform. These platforms connect buyers and sellers directly, allowing you to negotiate the terms of the transaction, including the fee. By finding a seller who is willing to send Bitcoin without any fees, you can avoid paying fees on Coinbase. However, be cautious when using peer-to-peer platforms and make sure to do your due diligence to ensure the safety and legitimacy of the transaction.
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• Jan 11, 2022 · 3 years ago
  Another option is to use a different cryptocurrency exchange that offers lower fees for Bitcoin transactions. There are several exchanges in the market that have competitive fee structures and may offer lower or even zero fees for sending Bitcoin. Research and compare different exchanges to find the one that suits your needs and offers the lowest fees for Bitcoin transactions.
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• Jan 11, 2022 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers a feature called 'Feeless Bitcoin Transactions'. This feature allows users to send Bitcoin without paying any fees. By using BYDFi's platform, you can enjoy feeless Bitcoin transactions and save on transaction costs. However, it's important to note that this feature is only available for BYDFi users and may have certain limitations or requirements.
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• Jan 11, 2022 · 3 years ago
  If you're looking for a completely feeless option, you can consider using a Bitcoin Lightning Network. The Lightning Network is a layer 2 solution built on top of the Bitcoin blockchain that allows for instant and low-cost transactions. By using the Lightning Network, you can send Bitcoin without paying any fees or with significantly lower fees compared to traditional on-chain transactions. Keep in mind that using the Lightning Network requires setting up a Lightning wallet and finding Lightning-enabled merchants or individuals to transact with.
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• Jan 11, 2022 · 3 years ago
  One creative way to send Bitcoin without paying fees on Coinbase is to find a friend or acquaintance who is also interested in Bitcoin and wants to send or receive Bitcoin. By using a peer-to-peer transaction between trusted individuals, you can avoid paying fees on Coinbase. However, make sure to follow proper security measures and only transact with people you trust.
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• Jan 11, 2022 · 3 years ago
  If you're willing to wait, you can also try sending Bitcoin during periods of low network congestion. When the Bitcoin network is less congested, miners prioritize transactions with lower fees. By setting a lower fee for your transaction and sending it during a less busy period, you may be able to send Bitcoin without paying high fees on Coinbase.
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• Jan 11, 2022 · 3 years ago
  Another option is to use a Bitcoin debit card. These cards allow you to load Bitcoin onto the card and spend it like a regular debit card. Some Bitcoin debit card providers offer feeless transactions within their network, allowing you to send Bitcoin without paying fees on Coinbase. However, keep in mind that there may be limitations or fees associated with using Bitcoin debit cards, so make sure to read the terms and conditions before using one.
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