Is it possible to transfer Bitcoin from Coinbase to Trezor without paying high transaction fees?
Adner VDec 29, 2021 · 3 years ago1 answers
I want to transfer my Bitcoin from Coinbase to my Trezor wallet, but I don't want to pay high transaction fees. Is it possible to transfer Bitcoin from Coinbase to Trezor without incurring high fees?
1 answers
- Dec 29, 2021 · 3 years agoYes, it is possible to transfer Bitcoin from Coinbase to Trezor without paying high transaction fees. One way to achieve this is by using a technique called 'CoinJoin', which combines multiple transactions into a single transaction, making it harder to trace individual transactions and reducing fees. Another option is to use a Bitcoin wallet that supports 'SegWit' (Segregated Witness), which allows for more transactions to be included in a block, thus reducing fees. Additionally, you can consider using a Bitcoin wallet that supports 'transaction batching', where multiple transactions are grouped together to save on fees. By implementing these strategies, you can transfer Bitcoin from Coinbase to Trezor without incurring high fees.
Related Tags
Hot Questions
- 98
What are the best digital currencies to invest in right now?
- 96
What are the best practices for reporting cryptocurrency on my taxes?
- 85
How can I minimize my tax liability when dealing with cryptocurrencies?
- 77
Are there any special tax rules for crypto investors?
- 55
How can I buy Bitcoin with a credit card?
- 32
What is the future of blockchain technology?
- 26
What are the tax implications of using cryptocurrency?
- 25
What are the advantages of using cryptocurrency for online transactions?