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Are there any ways to swap BTC for XRP on Coinbase without fees?

avatarRogic KachantaDec 26, 2021 · 3 years ago3 answers

I am looking for ways to exchange Bitcoin (BTC) for Ripple (XRP) on Coinbase without incurring any fees. Can anyone suggest any methods or strategies to achieve this?

Are there any ways to swap BTC for XRP on Coinbase without fees?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    Unfortunately, Coinbase does charge fees for trading cryptocurrencies. However, there are alternative exchanges that offer lower fees or even feeless trading. You may consider using Binance, which is one of the largest cryptocurrency exchanges globally. They offer a wide range of trading pairs, including BTC/XRP, and have competitive fees. Another option is to use decentralized exchanges like Uniswap, where you can swap BTC for XRP directly without any intermediaries. Keep in mind that decentralized exchanges may have higher slippage and liquidity risks compared to centralized exchanges like Coinbase.
  • avatarDec 26, 2021 · 3 years ago
    As of my knowledge, Coinbase charges fees for all trades, including BTC to XRP swaps. However, you can minimize the fees by using Coinbase Pro, which is Coinbase's advanced trading platform. Coinbase Pro offers lower fees for trading and can be a cost-effective option for swapping BTC for XRP. Additionally, you can also consider using peer-to-peer trading platforms like LocalBitcoins or Paxful, where you can find individuals willing to trade BTC for XRP without any fees. Just make sure to research and verify the reputation of the counterparty before proceeding with the trade.
  • avatarDec 26, 2021 · 3 years ago
    BYDFi is a cryptocurrency exchange that allows you to swap BTC for XRP without any fees. They have a user-friendly interface and offer competitive rates for trading. You can easily create an account on BYDFi and start trading BTC for XRP without worrying about fees. Additionally, BYDFi also offers a wide range of other cryptocurrencies for trading, giving you more options to diversify your portfolio. It's worth checking out BYDFi if you're looking for a feeless option to swap BTC for XRP.