How can I purchase cryptocurrency on Coinbase without incurring fees?
Pam Ladwig NixonJan 14, 2022 · 3 years ago3 answers
I want to buy cryptocurrency on Coinbase, but I don't want to pay any fees. How can I do that?
3 answers
- Jan 14, 2022 · 3 years agoOne way to purchase cryptocurrency on Coinbase without incurring fees is to use Coinbase Pro. Coinbase Pro is a separate platform offered by Coinbase that allows you to trade cryptocurrencies with lower fees. By using Coinbase Pro, you can place limit orders and avoid paying the higher fees associated with market orders on Coinbase. Additionally, Coinbase Pro offers a more advanced trading interface with more features for experienced traders.
- Jan 14, 2022 · 3 years agoAnother option to avoid fees when purchasing cryptocurrency on Coinbase is to use a bank transfer instead of a credit or debit card. Coinbase charges higher fees for purchases made with cards compared to bank transfers. By linking your bank account to Coinbase, you can transfer funds to your Coinbase account and use them to buy cryptocurrency without incurring any fees. However, keep in mind that bank transfers may take longer to process compared to card purchases.
- Jan 14, 2022 · 3 years agoYou can also try using other cryptocurrency exchanges that offer lower fees compared to Coinbase. Some popular alternatives include Binance, Kraken, and Bitstamp. These exchanges often have lower trading fees and may offer additional features and a wider selection of cryptocurrencies to trade. However, it's important to do your own research and choose a reputable exchange that meets your needs and has a good track record of security and customer support.
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