How can I reduce the fees charged by Coinbase for trading digital currencies?

3 answers

• Dec 29, 2021 · 3 years ago
  One way to reduce the fees charged by Coinbase for trading digital currencies is to use Coinbase Pro, which is Coinbase's advanced trading platform. Coinbase Pro offers lower fees compared to the regular Coinbase platform. By using Coinbase Pro, you can take advantage of the maker-taker fee structure, where makers (those who provide liquidity to the market) pay lower fees compared to takers (those who take liquidity from the market). This can help you save on trading fees when buying or selling digital currencies on Coinbase.
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• Dec 29, 2021 · 3 years ago
  Another strategy to reduce fees on Coinbase is to use limit orders instead of market orders. With a limit order, you set the price at which you want to buy or sell a digital currency. This allows you to avoid paying the higher fees associated with market orders, where you buy or sell at the current market price. By setting a limit order, you may have to wait for the market to reach your desired price, but it can help you save on fees in the long run.
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• Dec 29, 2021 · 3 years ago
  At BYDFi, we recommend diversifying your trading activities across multiple exchanges to reduce fees. While Coinbase is a popular choice for trading digital currencies, it's not the only option available. By using different exchanges, you can compare fees and choose the one that offers the lowest fees for your trading needs. Additionally, some exchanges offer fee discounts or loyalty programs based on your trading volume or holding of their native tokens. By taking advantage of these programs, you can further reduce the fees you pay for trading digital currencies.
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