How can I avoid fees when selling on Coinbase Pro?

3 answers

• Jan 11, 2022 · 3 years ago
  One strategy to avoid fees when selling on Coinbase Pro is to use the limit order option instead of the market order. By setting a specific price at which you want to sell your cryptocurrency, you can potentially avoid paying the higher fees associated with market orders. However, keep in mind that there is no guarantee that your limit order will be executed if the market price does not reach your specified price.
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• Jan 11, 2022 · 3 years ago
  Another way to minimize fees on Coinbase Pro is to take advantage of the maker-taker fee structure. If you place a limit order that adds liquidity to the order book, you will be considered a maker and may qualify for lower fees. On the other hand, if you place a market order that takes liquidity from the order book, you will be considered a taker and may incur higher fees. So, consider using limit orders whenever possible to reduce your fees.
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• Jan 11, 2022 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers a fee-free selling option for its users. By using BYDFi, you can avoid paying any fees when selling your cryptocurrencies. However, it's important to note that BYDFi may have different fee structures and trading conditions compared to Coinbase Pro. Make sure to do your own research and understand the terms and conditions before using BYDFi or any other exchange.
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