If you're buying or selling crypto on Coinbase, consider using the Advanced Trading feature instead of the standard platform to save on fees.
For example:
Selling $40,000 of crypto on the regular Coinbase platform can result in fees close to $1,000 (including spreads).
Using Advanced Trading for the same transaction? Fees are typically under $100.
The standard platform is user-friendly but comes with higher fees and spreads. Advanced Trading, while a bit more complex, offers a much lower fee structure and is worth exploring if you’re trading larger amounts.
How to Use Advanced Trading:
Navigate to the Trade section of Coinbase.
Select the Advanced Trading option.
Place your buy or sell orders through this interface.
It’s a straightforward switch that can help you keep more of your money when trading crypto.