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Is it possible to transfer Bitcoin from Coinbase to Trezor without paying high transaction fees?

uselessnessMay 12, 2022 · 3 years ago1 answers

I want to transfer my Bitcoin from Coinbase to my Trezor wallet, but I don't want to pay high transaction fees. Is it possible to transfer Bitcoin from Coinbase to Trezor without incurring high fees?

1 answers

  • May 12, 2022 · 3 years ago
    Yes, it is possible to transfer Bitcoin from Coinbase to Trezor without paying high transaction fees. One way to achieve this is by using a technique called 'CoinJoin', which combines multiple transactions into a single transaction, making it harder to trace individual transactions and reducing fees. Another option is to use a Bitcoin wallet that supports 'SegWit' (Segregated Witness), which allows for more transactions to be included in a block, thus reducing fees. Additionally, you can consider using a Bitcoin wallet that supports 'transaction batching', where multiple transactions are grouped together to save on fees. By implementing these strategies, you can transfer Bitcoin from Coinbase to Trezor without incurring high fees.