What are some ways to sell cryptocurrencies on Coinbase Pro without paying fees?
Daniel MuszkietDec 16, 2021 · 3 years ago3 answers
I want to sell my cryptocurrencies on Coinbase Pro, but I don't want to pay any fees. Are there any ways to sell cryptocurrencies on Coinbase Pro without incurring fees?
3 answers
- Dec 16, 2021 · 3 years agoOne way to sell cryptocurrencies on Coinbase Pro without paying fees is to use the Coinbase Pro Limit Order feature. By placing a limit order, you can set the price at which you want to sell your cryptocurrencies. This allows you to avoid market fees and potentially get a better price for your assets. However, keep in mind that there may still be fees associated with depositing or withdrawing funds from Coinbase Pro.
- Dec 16, 2021 · 3 years agoAnother option to sell cryptocurrencies on Coinbase Pro without fees is to take advantage of Coinbase Pro's Maker-Taker fee structure. If you place a limit order that adds liquidity to the order book (a 'maker' order), you may qualify for lower or even zero fees. On the other hand, if you place a market order that takes liquidity from the order book (a 'taker' order), you may have to pay higher fees. So, by using limit orders and being a maker, you can reduce or eliminate fees when selling cryptocurrencies on Coinbase Pro.
- Dec 16, 2021 · 3 years agoYou can also consider using BYDFi, a decentralized exchange that allows you to sell cryptocurrencies without paying any fees. BYDFi operates on the Binance Smart Chain and offers a wide range of trading pairs. By using BYDFi, you can enjoy feeless trading and have full control over your assets. However, it's important to do your own research and ensure the security and legitimacy of any decentralized exchange before using it.
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