Coinbase Conversions

When Ethereum was down last week, I could not resist converting the money I had at Coinbase. Even though the fees were a little steep, I felt certain Ethereum would go back up. I gulped, then ate the fees, convinced I would be right. Thankfully, it did. But there is a cheaper way to buy Ethereum. My guide showed me how during our recent meeting.

This is the conversion of Ethereum to BTC. While the cost to convert ($104.50 + spread) is less than that of converting from USD to Ethereum, it is not insignificant. There is a better way to do this.

What I will try and illustrate is not exactly like what I completed when I did the USD to ETH conversion, but I hope it will serve as an example of the benefits of using the “Advanced” option.

To access the “Advanced” trading of crypto, you need to click on the button at the bottom left of the Coinbase page. It should immediately take you to the trading screen where you will have more control.

Between the two screens above, the only different is in the “Execution”. Now that I know how to cut the fees in half (or close to it), I will use this method in the future. And, if I need to review, my guide provided the video of him completing the steps in “Advanced” mode.

The savings are not huge. Over the course of months and years, it is the small things that allow you to make an additional couple of percentage points of income.

A [insert very inexpensive crypt coin here] is a [insert very inexpensive crypt coin here] earned.

– Algorithmictrading4U.com

About Andy G

Semi-retired dad of 4 biological kids and many others kids. Eyes on eternity while enjoying the blessings this life has available.
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