Do you want to avoid paying Coinbase Fees and trading bitcoin at free of cost? Then you are reading the right article.
Nobody likes cryptocurrency exchange fees. However, cryptocurrencies aren't charities: they're for-profit businesses, and they need to make money in some way. So fees are standard across the market.
Avoid Coinbase Fees – Trade Bitcoin Free of Cost
Luckily, there's a brand-new way to avoid Coinbase fees. This technique enables you to never ever pay Coinbase fees once again– and it's surprisingly easy.
Generally, the approach includes benefiting from that GDAX and Coinbase are owned by the very same company, and GDAX doesn't charge costs for certain trades.
No One Likes Coinbase Fees
Coinbase fees are thought to be reasonably high. The platform charges 4% for charge card deposits, and similar costs for bank transfers. They know that their exchange brings in a great deal of novice cryptocurrency users, and getting money from fiat into cryptocurrency is costly.
That's why if you register for Coinbase by clicking here and try to buy $200 USD of bitcoin, you'll pay a fee of about $8. You're paying 4% to buy Bitcoin with your charge card.
This is why Coinbase is a multi-million dollar business. They earn an enormous amounts of money because they're a practical, newbie-friendly way of purchasing bitcoin. If you're willing to put in an additional step, however, you can pay absolutely no Coinbase fees.
Avoid Coinbase Fees – How It Works:
There's a much better solution to avoid Coinbase fees: go to GDAX.com, which is owned by the same company that owns Coinbase. GDAX and Coinbase in fact share the same back-end. So when you purchase bitcoin on GDAX, you're buying very same bitcoin from the very same source as you would with Coinbase.
There's a factor Coinbase doesn't say (aside from the apparent reality that they wish to make more money): GDAX's bitcoin acquiring process is less user-friendly. However, if you don't mind putting up with a little bit of a small hassle, then you'll pay 0% on your bitcoin purchase (yes, you'll legitimately pay a 0% fee when purchasing bitcoin). Thats a ZERO PERCENT Fee! You're Welcome :)!
So you link your bank account with your Coinbase account. Then, you register for GDAX and go through their verification process. When your bank transfer is in your Coinbase account, you can instantly transfer it to your GDAX account (once again, they share the very same back-end).
As soon as you have access to your funds from your GDAX control panel, you can go to the left-hand side of the screen and location a market order, where you purchase your bitcoin at the market rate. Coinbase fees charges a 0.3% charge for market orders.
If you want to totally avoid Coinbase fees, then you click the Limit button. With a Limit order, you manually put in exactly what your buy bid would be.
Which price should you select? Take a look at the scrolling list of orders, then choose a price in the middle. Put that price in, and you'll pay absolutely no fees– not a single cost, commission, or charge. You'll buy bitcoin at that specific price. It's that simple.
Here Is The Step By Step Guide To Avoid Coinbase Fees
Here's a clearer process broken down for you:
- Register Here for a Coin Base Account By Clicking Here And Get A Free 10 Bucks!
- Sign up and complete verification with Coinbase.
- Link your bank account to Coinbase and deposit cash from your bank into Coinbase.
- Sign up and complete verification with GDAX.
- Transfer money from Coinbase to your GDAX account; it will appear immediately (they share the same back-end).
- Go to GDAX and make a trade using the trading window on the left-hand side of your screen; make a limitation order, and you'll pay no fees whatsoever (if you make a market order, you'll pay a 0.3% fee).
This works best for American users to avoid Coinbase fees, who can transfer USD from a United States bank account. Otherwise, global users aren't saving much on coinbase fees.
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