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How can I avoid paying fees on Coinbase when buying cryptocurrencies?

avatarNermin MuataficDec 17, 2021 · 3 years ago3 answers

I want to buy cryptocurrencies on Coinbase, but I don't want to pay the high fees. Are there any ways to avoid or minimize the fees when purchasing cryptocurrencies on Coinbase?

How can I avoid paying fees on Coinbase when buying cryptocurrencies?
Cryptocurrencies
Coinbase
Fees

3 answers

  • avatarDec 17, 2021 · 3 years ago
    One way to avoid paying fees on Coinbase when buying cryptocurrencies is to use Coinbase Pro. Coinbase Pro is a trading platform owned by Coinbase that offers lower fees compared to Coinbase. By using Coinbase Pro, you can save on fees when buying cryptocurrencies. However, keep in mind that Coinbase Pro has a more complex interface and may require some knowledge of trading.
  • avatarDec 17, 2021 · 3 years ago
    Another way to avoid paying fees on Coinbase when buying cryptocurrencies is to use a different cryptocurrency exchange. There are many other exchanges available that offer lower fees or even fee-free trading. Some popular alternatives to Coinbase include Binance, Kraken, and Gemini. Make sure to compare the fees and features of different exchanges before making a decision.
  • avatarDec 17, 2021 · 3 years ago
    If you're looking for a fee-free option, you can consider using BYDFi. BYDFi is a decentralized finance platform that allows users to trade cryptocurrencies without paying any fees. It operates on the Binance Smart Chain and offers a wide range of cryptocurrencies for trading. However, keep in mind that decentralized exchanges may have lower liquidity and higher risks compared to centralized exchanges.

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