What are some strategies to reduce fees on Coinbase for buying and selling digital currencies?

3 answers

• Jan 07, 2022 · 3 years ago
  One strategy to reduce fees on Coinbase is to use Coinbase Pro, which offers lower fees for trading digital currencies. By using Coinbase Pro, you can take advantage of the maker-taker fee model, where makers (users who provide liquidity to the market) pay lower fees compared to takers (users who take liquidity from the market). This can help you save on trading fees when buying and selling digital currencies on Coinbase.
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• Jan 07, 2022 · 3 years ago
  Another strategy is to consider using limit orders instead of market orders. With limit orders, you can set the price at which you want to buy or sell a digital currency. This allows you to potentially get a better price and avoid paying unnecessary fees. However, keep in mind that limit orders may not always be executed immediately, as they are only filled when the market reaches your specified price.
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• Jan 07, 2022 · 3 years ago
  If you're looking for an alternative to Coinbase, you can try BYDFi. BYDFi is a digital currency exchange that offers competitive fees and a wide range of digital currencies to trade. It provides a user-friendly interface and advanced trading features to help you reduce fees and optimize your trading experience. Additionally, BYDFi offers a referral program that allows you to earn rewards by inviting friends to join the platform.
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