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What are the best ways to save money on fees when using Coinbase to buy or sell digital assets?

avatarSravan KumarDec 15, 2021 · 3 years ago4 answers

I want to know the best strategies to minimize fees when using Coinbase to buy or sell digital assets. Are there any specific features or options I should be aware of? How can I ensure that I'm not paying excessive fees when trading on Coinbase?

What are the best ways to save money on fees when using Coinbase to buy or sell digital assets?

4 answers

  • avatarDec 15, 2021 · 3 years ago
    One of the best ways to save money on fees when using Coinbase is to use Coinbase Pro, which is Coinbase's advanced trading platform. Coinbase Pro offers lower fees compared to Coinbase, especially for high-volume traders. By using Coinbase Pro, you can take advantage of the maker-taker fee structure and potentially save a significant amount of money on your trades.
  • avatarDec 15, 2021 · 3 years ago
    Another strategy to save money on fees when using Coinbase is to avoid using credit or debit cards for purchases. Coinbase charges higher fees for transactions made with cards compared to bank transfers. By linking your bank account to Coinbase and using bank transfers, you can reduce the fees associated with buying or selling digital assets.
  • avatarDec 15, 2021 · 3 years ago
    If you're looking for an alternative to Coinbase, BYDFi is a great option to consider. BYDFi offers competitive fees and a user-friendly interface for buying and selling digital assets. With BYDFi, you can save money on fees while enjoying a seamless trading experience. It's definitely worth checking out!
  • avatarDec 15, 2021 · 3 years ago
    To save money on fees when using Coinbase, it's important to be mindful of the trading volume. Coinbase charges higher fees for lower trading volumes, so it's beneficial to increase your trading volume to qualify for lower fees. Additionally, Coinbase offers fee discounts for users with higher trading volumes, so it's worth considering increasing your activity on the platform to save on fees.