Buying Bitcoin on Coinbase (without any fees)

Buying Bitcoin without fees 101

This guide will allow you to purchase any amount of BTC using Coinbase and Coinbase Pro with absolutely no fees. Basically, you buy bitcoin with a limit order which makes you an order maker, which results in no fees.

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First, head over to Coinbase.com and register for an account. Enter in all your details and add a bank account (not credit/debit).

There might be an option to add the bank account when you create the account, if not follow these steps

Go to settings. Then to linked accounts. Then click link new account. Sign in using your bank account info and it will automatically link it.

Next, head over to Coinbase Pro (https://pro.coinbase.com). The reason for this separate site is to negate all fees that Coinbase imposes. It is some ridiculous percentage. Make an account at this website when you are signed into coinbase in a different tab. It should automatically link your accounts together.

Now for the actual buying of the bitcoin. Go to regular Coinbase and click on accounts. You will see a USD Wallet option. Click deposit then choose your bank account and the amount of money you wish to deposit. Once you click deposit it will take around 3 business days to clear. You will know it has cleared by following these steps.

Go to accounts. Go to USD wallet and click withdraw. It will show the amount available funds to transfer and the amount that is waiting to clear. Once you see all your money available to transfer you know it has cleared.

Do not transfer this money on Coinbase, however. Go to the Coinbase Pro account we made earlier. Go to trade( Shown below)

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https://i.redd.it/6b9x3ty2kmp11.png

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After you select trade, click the deposit button on the left hand side and a box will pop up directing you to select your currency. Select USD. After that is selected this picture will appear. Choose Coinbase Wallet (Tab in the middle).

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https://i.redd.it/da96zjc4kmp11.png

After that is selected, enter the amount of money you wish to transfer from Coinbase to Coinbase Pro and hit deposit USD. You should receive the funds right away. Now it is time to buy the bitcoin with your funded USD.

On the same sidebar that you see deposit and withdraw you will see buy/sell. Select buy then select limit. Limit is very important and is how you get around the bitcoin fees. You are now setting a buy order at a price you specify

https://i.redd.it/c5bbo4d6kmp11.png

Enter the limit price as the middle price as you see in orange. 6718 is the same one as the arrow is pointing to. These numbers are constantly changing and it doesn’t have to be exact. You just want to buy at a price where it is eaten up instantly. Alter the number of bitcoin( I have .15) to whatever gets you closest to your desired amount of $. There will be a price indicator that you can’t see in that picture, below advanced, in the side tab to tell you how much USD worth of btc you are receiving.

To send coins over stay on Coinbase Pro and go to my wallet( right hand side at the top). Under wallet overview (left side bar) choose BTC and scroll down in that sidebar and select withdraw. Then select the amount you wish to send and the address you wish.