How to stop paying fees on Coinbase ?
If you already have an account on Coinbase, you can buy some BTC, ETH or LTC using GDAX without paying any fees ! You don't have to create a new account because GDAX and Coinbase are sharing the same backend and transfers between your Coinbase wallets and GDAX account are instant and free.
If you want to create a new Coinbase account, use this link to get $10 bonus : https://www.coinbase.com/join/59a911e1692a1d00c0efeb81
Here is the trick : "When you place an order which is not immediately matched by an existing order, that order is placed on the order book. If another customer places an order that matches yours, you are considered the maker and your fee will be 0%."
Here is the video explaining how to place a limit order to avoid fees when buying bitcoin, ethereum or litecoin :
Transferring funds between GDAX and Coinbase : https://support.gdax.com/customer/en/portal/articles/2430129-transferring-funds-between-gdax-and-coinbase
This is awesome thank you! I wish i knew this a month ago when i bought $10,000 worth on coinbase, the fees were outrageous.
I would have liked to know it sooner too! I hope you will enjoy the trick for your next purchase ;)
great job @damdec
Thank you :)
Good public notice. More should be aware
Agree! Please share ;)
That's a very nice tip, did not know about it. Not a much to comment on it, just thank you :)
GDAX makes you the market maker that is why it is free.
Great post...people need to follow your suggestion here.
One caveat..need cash in the coinbase account...can go through you bank account.
Will use it next time and thanks
It works like a charm, i love this trick :)