The Value of Using PayPal with Coinbase Transactions
Cryptocurrency transactions are new to most of us. We venture through the maze of information outlining the seemingly endless options with the intent to find that one morsal of information that will save us money on fees and ultimately maximize the money available for acquiring more cryptocurrency. In my research, I came across an article that referenced a tip to help minimize transaction fees when cashing in coins on the Coinbase platform.
First of all, if you don't have a digital wallet, Coinbase is the best place to start. If you don't have an account already, get one -
Currently, there is a 4% fee base rate plus conversion fees required in order to sell your bitcoin on Coinbase. In this example, the profits go into your US Wallet on the Coinbase platform. See the chart of these fees in the USA that was published on the Coinbase website:
However, we discovered a better way. There is no fee to sell any of the 4 coins on Coinbase (bitcoin, ethereum, bitcoin cash & litecoin) and have the profits from the sell sent directly to your PayPal account off the Coinbase platform. Here is a video outlining that process:
Go to this article to read more about this finding - https://steemit.com/cryptocurrency/@beevo/how-to-not-pay-coinbase-fees-usd-to-btc-eth-ltc