common-close-0
BYDFi
Trade wherever you are!

Can I avoid or reduce fees on Coinbase by using certain payment methods?

avatarEzequiel CabelloDec 28, 2021 · 3 years ago3 answers

Is it possible to minimize or eliminate fees on Coinbase by utilizing specific payment methods?

Can I avoid or reduce fees on Coinbase by using certain payment methods?

3 answers

  • avatarDec 28, 2021 · 3 years ago
    Yes, you can reduce fees on Coinbase by using certain payment methods. Coinbase offers lower fees for bank transfers compared to credit or debit card purchases. By linking your bank account to Coinbase, you can avoid the higher fees associated with card payments. However, keep in mind that bank transfers may take longer to process. It's important to weigh the trade-off between lower fees and faster transaction times.
  • avatarDec 28, 2021 · 3 years ago
    Absolutely! Coinbase provides different fee structures for various payment methods. Bank transfers typically have lower fees compared to credit or debit card transactions. By choosing the bank transfer option, you can save on fees. Just be aware that bank transfers may take a bit longer to complete. If you're not in a hurry, it's a great way to reduce costs.
  • avatarDec 28, 2021 · 3 years ago
    Definitely! Coinbase offers lower fees for bank transfers, making it a cost-effective option for minimizing fees. By using bank transfers, you can avoid the additional charges associated with credit or debit card payments. However, keep in mind that bank transfers may take a few days to process. If you're not in a rush to buy or sell cryptocurrencies, this can be a great way to save money on fees.