Save fees in just 3 easy steps!
Coinbase* is not one of the reasons most popular exchanges to buy bitcoins and other cryptocurrencies. Coinbase made a name for itself in the crypto scene in particular due to the appealing user interface and the simple operation. The exchange has existed since 2012 and has over 20 million customers worldwide.
But there is something that disturbs the user experience a little: the partial high fees.
To illustrate this, we give you an example:
- We load € 500 into our Coinbase account to use it to buy bitcoins. These require when exchanging into Bitcoin € 18 in fees.
This is not a global event with a one-time purchase, but anyone who buys regularly from Coinbase knows that large sums form over time!
Step 1: Register with Coinbase and load money into your Coinbase account
If you don't have a Coinbase account yet, register at Coinbase*. (If you register via our link, you will get a $ 10 gift from Coinbase) Fees. If you already have an account, log in and load money into your Coinbase account. If you don’t know how it works, we have also written a simple tutorial for this!
Step 2: Transfer your money to Coinbase Pro
Now comes the trick: You now have your money on your Coinbase account (i.e. in your Coinbase Euro Wallet) CAUSION - kauft the bitcoins not directly Coinbase, but at Coinbase Pro! Coinbase Pro is also from Coinbase and has a surface that is specialized for traders. You can use both Coinbase and Coinbase Pro use the same login data.
To save the fees, you have to "send" your money from Coinbase to your Coinbase Pro account. To do this, click on "in the left column"DEPOSIT".
A window opens and you choose "Currency Type" Euro File
There your Coinbase and your Coinbase Pro Account directly connected to each other you will automatically be shown the available quantity. In the right half at "Amount"enter the amount you want to transfer to Coinbase Pro. Click on"Deposit euro". The transfer of money is complete free and caused no fees.
Last step: buy bitcoins at Coinbase Pro
You have it almost there! Your money is now on your Coinbase Pro account and you can now buy Bitcoins, Ethereum & Co.! Go back to the Coinbase Pro homepage and focus on the left column. Under "Wallet balance"Now you can see how much money you have available to buy bitcoins. Under"Order Form" in The Field "Amount"you can enter how many € you want to spend. Coinbase Pro automatically calculates how many Bitcoin you will receive for the amount entered.
As you can see in our example, you pay for € 100 only € 0,30 Fees. At 500 € is 1,50 €. If you can still remember: at Coinbase you would have paid almost € 20 in fees!
- Coinbase fees: 18 €
- Coinbase Pro fees: € 1,50
Update: Coinbase has increased the fees for Coinbase Pro. At 0,5%, however, these are still far below those of Coinbase.
We hope that we were able to help you with this guide to save on Coinbase fees!
If you have any questions, we are always available on Instagram at @ Kryptokumpel.de 🙂
All links marked with * are affiliate links