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What are the methods to transfer funds from Coinbase to Binance without incurring any fees?

avatarcolin smithJan 16, 2022 · 3 years ago3 answers

I want to transfer funds from my Coinbase account to Binance without paying any fees. What are the different methods I can use to achieve this?

What are the methods to transfer funds from Coinbase to Binance without incurring any fees?
Cryptocurrency
Coinbase
Binance

3 answers

  • avatarJan 16, 2022 · 3 years ago
    One method to transfer funds from Coinbase to Binance without incurring any fees is by using a cryptocurrency called XRP. XRP is a fast and low-cost digital asset that can be used to facilitate cross-border transactions. By converting your funds to XRP on Coinbase and then transferring it to Binance, you can avoid paying high transaction fees. However, please note that you may still incur small network fees associated with the XRP transaction.
  • avatarJan 16, 2022 · 3 years ago
    Another method to transfer funds from Coinbase to Binance without fees is by using the Coinbase Pro platform. Coinbase Pro offers lower fees compared to Coinbase for trading and transferring cryptocurrencies. By transferring your funds from Coinbase to Coinbase Pro, and then withdrawing them to Binance, you can minimize the fees involved in the transfer.
  • avatarJan 16, 2022 · 3 years ago
    BYDFi, a popular decentralized finance platform, also offers a solution to transfer funds from Coinbase to Binance without incurring any fees. With BYDFi, you can use their bridge feature to transfer your funds directly from Coinbase to Binance. This eliminates the need for multiple transfers and reduces the fees associated with the transaction. However, it's important to note that BYDFi is a third-party platform, so make sure to do your own research and exercise caution when using their services.

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