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Are there any ways to reduce the fee percentage on Coinbase for buying and selling cryptocurrencies?

avatarCurran MillerDec 16, 2021 · 3 years ago3 answers

I'm looking for ways to lower the fee percentage when buying and selling cryptocurrencies on Coinbase. Are there any strategies or tips that can help me reduce the fees?

Are there any ways to reduce the fee percentage on Coinbase for buying and selling cryptocurrencies?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    One way to potentially reduce the fee percentage on Coinbase is to use Coinbase Pro, which offers lower fees for trading. By using Coinbase Pro, you can take advantage of the maker-taker fee structure, where makers (those who provide liquidity to the market) pay lower fees compared to takers (those who take liquidity from the market). This can help reduce your trading fees on Coinbase.
  • avatarDec 16, 2021 · 3 years ago
    Another way to reduce the fee percentage on Coinbase is to consider using other cryptocurrency exchanges that offer lower fees. Some popular alternatives include Binance, Kraken, and Gemini. By comparing the fee structures of different exchanges, you may find a platform that offers lower fees for your trading needs.
  • avatarDec 16, 2021 · 3 years ago
    At BYDFi, we understand the importance of reducing fees when trading cryptocurrencies. While we cannot directly provide advice on reducing fees on Coinbase, we recommend exploring alternative exchanges and platforms that offer competitive fee structures. Additionally, staying updated on Coinbase's fee policies and promotions can help you take advantage of any fee reduction opportunities.