Sometimes there are high costs involved in buying, selling or sending cryptocurrencies. It can depend on the exchanges, the pressure on the blockchain etc. But there are ways around this. I will now show you how to purchase BTC, ETC, LTC or BCH and send it to a crypto address without any fees at all.
The solution in this case is Coinbase and Coinbase Pro.
To do this you need to have a Coinbase account. If you don't have one, you can register one for free here: Coinbase
I live in Sweden which is in the EU, so I will use EUR in this example. Within the EU we can do free bank transfers (SEPA) to another bank account in another country. Coinbase has a bank account in Estonia so we can do a SEPA transfer for free. This is the first fee we save.
When we have received our deposit to our Coinbase account it is time to use Coinbase Pro to purchase e.g BTC.
When you are logged in to Coinbase, open another tab and go to pro.coinbase.com. If it is the first time you log in to Coinbase Pro you probably have to upload your KYC again.
Now you can transfer your deposited EUR from your Coinbase account to your Coinbase Pro. Just chose the market BTC-EUR in the upper left corner.
Then click Deposit. Chose EUR.
Then click Coinbase Wallet.
Enter the amount you would like to transfer. The amount you made a SEPA transfer to Coinbase will appear here. Then click Deposit EUR.
Now you have your EUR available in Coinbase Pro for purchase of BTC.
To purchase BTC without fees you have to place a Maker order. There are Maker orders and Taker orders. The difference is when you place an order to Market price, it is an Taker order. You could say that you "Take what you get". But when you place an Limit order where you have to wait a bit to your chosen rate kicks in, it is a Maker order.
Now click on Limit in the Order form in the menu to the left, the chose how much BTC you would like to purchase and to what price and click on Place Buy Order.
When your order has gone through it is the 2nd fee you save. Now you can send your BTC without fee to any Bitcoin address by clicking on Withdraw in the menu to the left, chose BTC, paste the address, enter amount and click Withdraw BTC.
Now you have bought BTC with fiat currency and sent it to an address without paying any fees at all.
Enjoy spending your crypto!
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