how to sell on coinbase without fees

By converting cryptocurrency to USDC before selling, you can eliminate transaction fees on Coinbase, offering a cost-effective method to dispose of digital assets.

Nov 26, 2024 at 06:17 am

How to Sell on Coinbase Without Fees: A Comprehensive Guide

Selling cryptocurrency on Coinbase can involve transaction fees, but there are ways to minimize or even eliminate these charges. This guide provides a detailed walkthrough of the steps involved in selling on Coinbase without incurring any fees.

1. Convert Cryptocurrency to USDC

Coinbase offers a feature called "Convert," which allows you to exchange cryptocurrencies without paying any fees. To utilize this feature, follow these steps:

• Navigate to your Coinbase account dashboard.
• Select the "Convert" tab in the menu.
• Choose the cryptocurrency you want to sell from the "From" dropdown menu.
• Select "USD Coin (USDC)" from the "To" dropdown menu.
• Enter the amount of cryptocurrency you wish to convert.
• Click the "Preview Convert" button.
• Verify the conversion details and click the "Convert" button.

2. Sell USDC to Your Bank Account via ACH

Once you have converted your cryptocurrency to USDC, you can sell it to your bank account using the Automated Clearing House (ACH) network. This method typically takes 1-3 business days to complete, but it is free of charge.

• Navigate to the "Assets" tab in your Coinbase account.
• Select "USDC" from the list of assets.
• Click the "Sell" button.
• Choose "USD" as the currency you want to receive.
• Select your bank account as the destination.
• Enter the amount of USDC you want to sell.
• Click the "Preview Sell" button.
• Verify the sale details and click the "Sell" button.

3. Use a Limit Order

A limit order allows you to set a specific price at which you want to sell your cryptocurrency. If the market price reaches or exceeds your set price, your order will be executed automatically without any fees.

• Navigate to the "Trade" tab in your Coinbase account.
• Select "Advanced" in the trading interface.
• Choose the cryptocurrency you want to sell from the left-hand menu.
• Click the "Sell" tab.
• Select "Limit" as the order type.
• Enter the desired price at which you want to sell.
• Specify the amount of cryptocurrency you want to sell.
• Click the "Preview Sell" button.
• Verify the order details and click the "Place Order" button.

4. Sell Cryptocurrency to Other Users on Coinbase Marketplace

Coinbase Marketplace provides a platform for users to sell cryptocurrency directly to each other. Transactions made through the marketplace may not incur any fees depending on the terms set by the individual sellers.

• Navigate to the "Marketplace" tab in your Coinbase account.
• Select "Sell" in the menu.
• Choose the cryptocurrency you want to sell.
• Specify the amount of cryptocurrency you want to sell.
• Set the price and payment method.
• Click the "Preview Sell" button.
• Verify the order details and click the "Sell" button.

5. Participate in Coinbase Rewards

Coinbase Rewards is a program that allows users to earn cryptocurrency rewards for certain activities, such as learning about crypto or buying and selling cryptocurrencies. Some rewards can be used to offset transaction fees.

• Enroll in the Coinbase Rewards program.
• Complete eligible activities to earn rewards.
• Use your rewards to pay for transaction fees.