HOW TO: Using Coinbase to buy Crypto using fiat(USD), and also to transfer to GDAX for No Fee!

in #cryptocurrency7 years ago (edited)

When I want to invest fiat (U.S. Dollars) into my Cryptocurrency investments, I purchase one of the major currencies on the Coinbase Exchange.

From Coinbase, you can add a bank account, debit card, or wire transfer payment method to your account. From there it allows you to purchase Bitcoin, Ethereum, or Litecoin with Fiat(USD).

Once you have your desired currency, or currency you wish to use to transfer money to a different exchange which unlike Coinbase; does not accept direct cash deposits (GDAX, Binance, etc..) You can then withdrawal it to whichever exchange wallet of your preference.

In my experience, I find transferring Ethereum (ETH) or Litecoin (LTC) to be the best as the confirmation times for transfer compared to Bitcoin (BTC)

For those of you that are unaware, Coinbase offers no fee transfers to the GDAX exchange. This can be VERY useful when wanting to purchase ALT coins not offered on Coinbase itself.

When it comes time to cash out, just transfer back to Coinbase from the exchange you have been using and you may withdrawal it to your bank account with a few simple confirmations.

If you want to sign up for Coinbase, it's a great idea to use someone's referral link! Doing so gives you and the person who referred you to the site a free $10 bonus upon your first deposit of $100 . This is unavailable unless you use a referral link so please consider using My Coinbase Referral Link :) It will help us both!

If you do use mine, and feel so inclined - you can leave a comment on here for me and I'll be happy to follow you, and work together providing up-votes, and resteems if you're interested.

I love cryptocurrency and hope you do too! Hope this helps someone!
#cryptocurrency #coinbase #gdax #cryptoexchange

Also a big shout out to my best buddy @instatrashed for showing me Coinbase and sharing his referral link with me to get my free $10 when I first got into Crypto!

Good Luck and Happy Trading!

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Upvoted & resteemed ;)

like a boss! :D

Hello @hometownhero,
Your post "Using Coinbase to transfer Crypto to GDAX for No Fee" hast just been resteemed !!!.🙂🙂🙂
Just keep being with me. Cheers..


🙂🙂🙂 Unfollow @tow-heed to stop this service😻😻😻

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