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How can I avoid paying fees on Coinbase in 2018?

avatarBluechipspaceDec 17, 2021 · 3 years ago3 answers

I'm looking for ways to avoid paying fees on Coinbase in 2018. Are there any strategies or tips that can help me minimize the fees I have to pay for my cryptocurrency transactions on Coinbase?

How can I avoid paying fees on Coinbase in 2018?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    One strategy to avoid paying fees on Coinbase in 2018 is to use Coinbase Pro (formerly known as GDAX). Coinbase Pro offers lower fees compared to Coinbase for trading cryptocurrencies. By using Coinbase Pro, you can save on transaction fees and potentially reduce your overall costs. Additionally, Coinbase Pro provides more advanced trading features and options for experienced traders.
  • avatarDec 17, 2021 · 3 years ago
    Another way to avoid paying fees on Coinbase in 2018 is to take advantage of Coinbase's referral program. By referring friends to Coinbase, you can earn free cryptocurrency and potentially offset the fees you would otherwise have to pay. Coinbase offers referral bonuses for both the referrer and the referee, making it a win-win situation. Keep in mind that referral bonuses may vary and are subject to change, so it's important to check Coinbase's website for the most up-to-date information.
  • avatarDec 17, 2021 · 3 years ago
    You can also consider using other cryptocurrency exchanges that offer lower fees compared to Coinbase. Binance, for example, is known for its competitive fee structure and wide range of supported cryptocurrencies. By diversifying your cryptocurrency holdings across different exchanges, you can take advantage of lower fees and potentially save money on your transactions. However, it's important to do your own research and ensure that the exchange you choose is reputable and secure.