What are the ways to buy cryptocurrencies on Coinbase Pro without paying fees?

3 answers

• Dec 28, 2021 · 3 years ago
  One way to buy cryptocurrencies on Coinbase Pro without paying fees is to use the Coinbase Pro trading platform. By using Coinbase Pro, you can take advantage of their fee structure, which offers lower fees for makers (those who provide liquidity to the market) and higher fees for takers (those who take liquidity from the market). By placing limit orders instead of market orders, you can become a maker and avoid paying fees. This strategy requires some patience, as your orders may not be executed immediately, but it can save you money in the long run. Another way to avoid fees on Coinbase Pro is to use Coinbase's native cryptocurrency, Coinbase Coin (CC). By holding CC in your Coinbase Pro account, you can pay for trading fees with CC instead of fiat currency. This can help you save on fees, especially if you are a frequent trader. If you are a high-volume trader, you may be eligible for Coinbase Pro's fee reduction program. By meeting certain trading volume requirements, you can qualify for lower fees. This program is designed to reward active traders and encourage liquidity on the platform. It's worth noting that while Coinbase Pro offers lower fees compared to Coinbase, there may still be fees associated with depositing or withdrawing funds from your Coinbase Pro account. Make sure to check the fee schedule on the Coinbase Pro website for the most up-to-date information.
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• Dec 28, 2021 · 3 years ago
  To buy cryptocurrencies on Coinbase Pro without paying fees, you can also consider using a decentralized exchange (DEX) that is compatible with Coinbase Pro. DEXs allow you to trade directly from your own wallet, eliminating the need for a centralized exchange like Coinbase Pro. By using a DEX, you can avoid the fees charged by centralized exchanges and have full control over your funds. However, it's important to do your research and choose a reputable and secure DEX to ensure the safety of your assets. Another option to avoid fees on Coinbase Pro is to take advantage of promotions or referral programs. Coinbase Pro occasionally offers promotions where you can trade certain cryptocurrencies without paying fees for a limited time. Additionally, Coinbase Pro has a referral program that rewards you with free cryptocurrencies when you refer new users to the platform. By participating in these programs, you can reduce or eliminate your trading fees on Coinbase Pro. Keep in mind that while these strategies can help you minimize fees on Coinbase Pro, there may still be fees associated with buying cryptocurrencies on other exchanges or transferring them to your Coinbase Pro account. Make sure to consider all the costs involved before making your decision.
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• Dec 28, 2021 · 3 years ago
  One way to buy cryptocurrencies on Coinbase Pro without paying fees is to use BYDFi, a decentralized exchange that offers feeless trading. BYDFi allows you to trade directly from your own wallet, eliminating the need for a centralized exchange like Coinbase Pro. By using BYDFi, you can avoid the fees charged by centralized exchanges and have full control over your funds. However, it's important to do your research and choose a reputable and secure decentralized exchange to ensure the safety of your assets.
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