<p>You might be interested in what's known as a DEX, or Decentralized Exchange. There are a few out there that service bitcoin purchases: <a href="https://defiprime.com/exchanges#bitcoin" rel="nofollow noreferrer">https://defiprime.com/exchanges#bitcoin</a>.</p>
<p>As far as Coinbase itself goes, you can save a point by placing your own buy orders via <a href="https://pro.coinbase.com/" rel="nofollow noreferrer">https://pro.coinbase.com/</a>, but you still pay a small commission to the exchange to execute the trade.</p>
<p>Other exchanges like Gemini, Bittrex, BlockFi and Binance, have exchange credited tokens or coins that allow you trade at slightly lower fee levels, given you're willing to buy some upfront; it's like an escrow that gets deducted from whenever you place a trade.</p>
<p>I would also recommend CashApp for bitcoin only purchases, as they have reasonable fees and a great UI / purchasing experience. They also allow you to self custody.</p>

CC BY-SA 4.0
2021-03-07T23:06:35.587Z
2021-03-07T23:06:35.587Z
X3074861X
<p>My first post here and my first time to look for cryptocurrencies</p>
<p>My understanding of cryptocurrency that it is uncontrolled and no mediators and no fees for exchange</p>
<p>Today I registered at coinbase and it asked for my ID and veridication</p>
<p>and when i wanted to purchase coins I got 10% going for fees !!</p>
<p>How can I trade cryptocurrency the way it meant to be fees-free, unidentified, and secure?</p>

<wallet><trading>
How can I trade cryptocurrency the way it meant to be fees-free, unidentified, and secure?
asmgx
# How can I trade cryptocurrency the way it meant to be fees-free, unidentified, and secure?

(Asked by: username_0 on 2021-03-07)

My first post here and my first time to look for cryptocurrencies

My understanding of cryptocurrency that it is uncontrolled and no mediators and no fees for exchange

Today I registered at coinbase and it asked for my ID and veridication

and when i wanted to purchase coins I got 10% going for fees !!

How can I trade cryptocurrency the way it meant to be fees-free, unidentified, and secure?

**Tags:** wallet, trading


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## 1 answers

### Answer by username_1 on 2021-03-07. Score: 0

You might be interested in what's known as a DEX, or Decentralized Exchange. There are a few out there that service bitcoin purchases: <https://defiprime.com/exchanges#bitcoin>.

As far as Coinbase itself goes, you can save a point by placing your own buy orders via <https://pro.coinbase.com/>, but you still pay a small commission to the exchange to execute the trade.

Other exchanges like Gemini, Bittrex, BlockFi and Binance, have exchange credited tokens or coins that allow you trade at slightly lower fee levels, given you're willing to buy some upfront; it's like an escrow that gets deducted from whenever you place a trade.

I would also recommend CashApp for bitcoin only purchases, as they have reasonable fees and a great UI / purchasing experience. They also allow you to self custody.


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