What strategies can I use to minimize spread fees on Coinbase?

4 answers

• May 11, 2022 · 3 years ago
  One strategy to minimize spread fees on Coinbase is to use limit orders instead of market orders. By placing a limit order, you can specify the maximum price you're willing to pay when buying or the minimum price you're willing to sell at. This way, you can avoid paying the higher spread fees associated with market orders.
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• May 11, 2022 · 3 years ago
  Another strategy is to take advantage of Coinbase Pro, the advanced trading platform offered by Coinbase. Coinbase Pro has lower fees compared to Coinbase, including lower spread fees. By using Coinbase Pro, you can reduce the impact of spread fees on your trades.
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• May 11, 2022 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, also offers competitive spread fees. Consider using BYDFi as an alternative to Coinbase to minimize spread fees. With BYDFi, you can enjoy lower fees and potentially increase your profits.
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• May 11, 2022 · 3 years ago
  To minimize spread fees, it's important to choose the right timing for your trades. Keep an eye on the market and try to execute your orders when the spread is narrower. This way, you can reduce the difference between the buying and selling prices and minimize the impact of spread fees.
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