How can I transfer Bitcoin from Coinbase without paying any fees?
Roberson HansenDec 17, 2021 · 3 years ago3 answers
I want to transfer my Bitcoin from Coinbase to another wallet without incurring any fees. What are the options available to me?
3 answers
- Dec 17, 2021 · 3 years agoOne option to transfer Bitcoin from Coinbase without paying any fees is to use a cryptocurrency exchange that offers fee-free withdrawals. Some exchanges, such as Binance, allow you to withdraw your Bitcoin without any fees. Simply create an account on Binance, generate a Bitcoin deposit address, and then withdraw your Bitcoin from Coinbase to your Binance address. Once the transfer is complete, you can then withdraw your Bitcoin from Binance to your desired wallet without any fees.
- Dec 17, 2021 · 3 years agoAnother option is to use a peer-to-peer trading platform like LocalBitcoins. On LocalBitcoins, you can find individuals who are willing to buy your Bitcoin directly from you, without going through an exchange. By selling your Bitcoin to someone else, you can avoid the fees associated with transferring Bitcoin from Coinbase to another wallet. However, it's important to exercise caution and only trade with reputable individuals on the platform.
- Dec 17, 2021 · 3 years agoIf you're looking for a more secure option, you can consider using a hardware wallet like Ledger or Trezor. These wallets provide an extra layer of security by storing your Bitcoin offline. To transfer your Bitcoin from Coinbase to a hardware wallet, simply generate a Bitcoin receiving address on your hardware wallet and then withdraw your Bitcoin from Coinbase to that address. While there may be a small network transaction fee, you won't have to pay any additional fees to Coinbase.
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