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What are some tips and tricks for transferring bitcoin from Coinbase without fees?

avatarSherman WieseDec 17, 2021 · 3 years ago3 answers

I'm looking for some advice on how to transfer bitcoin from Coinbase without incurring any fees. Are there any tips or tricks that can help me save on transaction costs?

What are some tips and tricks for transferring bitcoin from Coinbase without fees?

3 answers

  • avatarDec 17, 2021 · 3 years ago
    Sure, here's a tip for transferring bitcoin from Coinbase without fees: use Coinbase Pro. Coinbase Pro is Coinbase's advanced trading platform, and it offers lower fees compared to Coinbase. By transferring your bitcoin from Coinbase to Coinbase Pro, you can take advantage of the lower fees and save some money on your transactions. Just create an account on Coinbase Pro, deposit your bitcoin from Coinbase to Coinbase Pro, and then withdraw it from there. It's a simple and cost-effective way to avoid fees.
  • avatarDec 17, 2021 · 3 years ago
    Transferring bitcoin from Coinbase without fees can be done by using a cryptocurrency wallet that allows you to control your private keys. By sending your bitcoin from Coinbase to a wallet that you control, you can avoid the fees charged by Coinbase. However, keep in mind that there may still be network fees associated with the transaction, depending on the current network congestion. So, it's important to check the current network fees before making the transfer.
  • avatarDec 17, 2021 · 3 years ago
    If you're looking for a way to transfer bitcoin from Coinbase without fees, you might want to consider using BYDFi. BYDFi is a decentralized exchange that allows users to trade cryptocurrencies without paying any fees. It's a great option for those who want to save on transaction costs. Just create an account on BYDFi, deposit your bitcoin from Coinbase to BYDFi, and then you can trade or withdraw it without incurring any fees. Keep in mind that BYDFi is a third-party platform, so make sure to do your own research and exercise caution when using it.