How to avoid Fees (Zero) while trading Bitcoin, Ethereum and Litecoin?
Buy and Sell Cryptocurrencies using Coinbase without fees
I was tired of paying these very high fees on Coinbase while buying Bitcoin, Ethereum and Litecoin using my USD bank account. Surprisingly, I want to tell you that there's actually a way where you can avoid all these fees. ( You pay ZERO fees to Coinbase )
With Coinbase you can buy Bitcoin, Ethereum and Litecoin with your Credit or Debit Card, Bank Accounts and PayPal
Did you know the Coinbase's trading Exchange called GDAX?
Fees on GDAX
So this is what you need to do
Step 1 :
Create a Coinbase account if you don't have one already.
Step 2 :
Verify and Make sure that you set up a unique and strong password with two-factor authentication enabled.
Step 3 :
Add your Bank Account on the Payment Methods
BECAUSE
If you already have Bitcoin, Ethereum or Litecoin that you want to trade then GREAT!!
Note: Deposit with Bank Account takes longer, but it's worth it becuase you will know later.
Step 4 :
Sign in to the GDAX.com with your Coinbase username and password.
Step 5 :
Select the Market Type
Step 6 :
Click on Deposit
Step 7 :
You can Deposit Funds directly from your Bank Account
** OR**
Deposit BTC, ETH or LTC or USD if you have that in Coinbase Account Already
Step 8 :
BUY and Sell Cryptocurrencies Now
There's a lot smaller fee than Coinbase if you buy from the Market. Scroll up to see the fees ^^
** Since our goal is not to pay fees, Do This**
Click on the Limit and fill out the order form with the price you are willing to pay.
"THERE ARE NO FEES TO BUY AND SELL ON LIMIT ORDERS"
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Thank you in advance :)
Hi, Coinbase is user friendly, but gets a bit complicated with Gdax for mainstream. I hate coinbase because of their lack of customer support. I recommend Gemini as it has pratically no fees, Cost you 1$ to buy 500$ worth of bitcoin.
Thanks @a23 , I will look into it. We need better services as well as security. Since Coinbase is much more reputable than most, I am using Coinbase until now, but if Gemini is better then you never know. :)
Oh i forgot to mention, They have absolutly free withdrawls, which probably cut a huge amount of fees for me over coinbase.
Gemini is owned by the winklevoss twins "facebook fame", I believe they gear to institutional investors. i believe they are just as regulated as coinbase. I get replies by them in 1-2 days or less, I coinbase ticket 4 months ago multiple times. Still no response.
Thanks for the info!
You are welcome @pierlave
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Thanks @lykkejay they are really cool aren't they
Excellent post @lykkejay Upvote ReSteem & following.
Thanks Irfan. Hope this helps many of us.
Good info!
Great job! Steemit Community Quality Support is happy support your original and quality post, this brings benefit to Steemit, so it was chosen to be upvote! Thank you for sharing, keep it up!
good
Nice