you're about to experience an Incredible video where I show you in just a few minutes how to save 91% on your coinbase fees this is super easy and I'll walk you through it live right now so if you go onto your coinbase account and you can click on explore coinbase. com click on explore and then the normal way you might buy is to go in here and of course the crypto I'm all in on is internet computer protocol and then I use an app called open chat every day that's linked on my website it's like a Discord or telegram these are the cryptos I'm buying and accumulating so if you are wanting to buy some internet computer off of seeing all my ICP videos and you go in here oh that was a really cheesy little sales pitch for ICP it wasn't natural at all Jerry GH all right moving right along and it it says you sold in the bottom of your account what's that about well I have had like 5,000 ICP and I sold some of it cuz I ran out of money in my bank account because being an honest crypto YouTuber doesn't pay as well anyhow back to what we were saying the uh if you go to do the default way that you trade on coinbase you would as it says here you'd save 374 on a trade that's how much they're charging you plus look at the ICP price here they're putting an additional spread on that so if you paid $100 you would only get 12. 38 ICP now here's how you save in the fees so the Baseline fee for $100 would be 374 which is 3% which is ridiculous so fortunately there's a very easy thing you can do so all you need to do is make sure you go down in this lower left side to click on Advanced if you don't see this sometimes you have to maximize the page or there was some crypto prompt that tells you to vote for Trump I mean it didn't say that exactly but it pretty much said that on top of coinbase's page and maybe by the time you watch this we'll be done with this election cuz the best part of an election is having it over with kind of like sex stop putting comedy in your tutorials all right so you just turn to coinbase Advanced on here I just want to see how to trade for God's sake you just click on the button to turn coinbase Advanced trade on and now you'll see charts like this so now in here you click on ACP and watch this look how low your fees are so if I put in $100 here it's literally only going to charge me a120 to instantaneously execute my trade and it's going to be at a lower price it's only going to be 770 whereas if I turn this off and we go back to coinbase for noobs and I click on review order and don't actually try and buy Bitcoin but ICP you'll notice even though the price says 771 it's still charging me an increase on the spread so it's hitting it's hitting you up with multiple different fees so literally the main point of this tutorial is to click on Advanced which I literally spent three minutes to tell you click a button but you can save even more if what you'll do is do this additional thing I'm showing you so if you did some quick calculations you might say well a120 three a120 divided by 374 is not exactly 91% right so there's some more things have to do to save even more money the first thing you need to look at is the coinbase fee tier so there's a popup that comes up here at the top of the page that says trade as low as 0% maker and a half I guess that's a 100th 5 hunds of a percent taker fee with coinbase advance so when you click learn more it brings this screen up here that shows you what your current coinbase fee level is so in right now when you start there's something called spot fees maker slaker so a maker is if you post the trade and a taker is if you gobble up somebody else's trade that they post why is that funny so if you if you take somebody else's trade for example if I put up a trade that says I'll take 100 ICP at $7.
70 each and then you grab that trade and it instantly fills then you pay one 2% and I only pay 6 so the big thing you need to understand is you want to make make you be the maker and not the taker you'll literally pay half again on the fees so instead of 374 you'll go down to 60 cents immediately if wow I just literally showed you all my orders and uh all the ICP I just sold right here so there it all is but if I go back further if I go back further you can see I bought a lot of ICP but I did buy a lot of ICP back here under $3 so there's there's all my orders feel like my pants just my pants just fell down while I was making this tutorial so oh God is he gonna ever show me how to do this so in order to do this what you need to do is make sure when you click on your buy order what about your sell order same thing for the sell order you make sure you click on post only on your execution this will guarantee that you are not the taker of a trade so right now if you go to market for example and you just slap Max in you'll notice you get 2. 8 IP instead of I mean 12. 8 instead of 12.
3 and you'll pay 120 if you just execute but if you go through here and you click post only and you click mid you have to keep clicking mid or you could do the bid if you click mid it'll try and put the price between the buy and the sell orders that are active which is going to be the fastest for you to execute so if you see how fast your your fingers are don't make a joke about it don't make a joke about it don't make a joke about how fast my fingers are oh your mom knows how fast my fingers are wow is he high no I'm sober 10 years it's just like 10 p. m. and I'm it's about bedtime so I'm a little you know a little whatever you call that g giddy giggly so I hit I hit mid right here and then click buy ICP and that would stick my order right between the buy and the sell orders which generally should be somebody should generally immediately take my order if I post it like that and what'll happen is let's say for example that I want to put the price up higher than the order if you try and click a buy order that would immediately execute for example if I put in $7.
77 right now that would immediately execute because people already have sell orders in for lowering that so if I click buy ICP you'll get an error that says Poston limit buys must be priced below the lowest sell price so you have to click your order back to Mid or click it even lower somewhere to just stick it in there and then wait for it to execute now you can get your fees down even lower for those of you that made it through all of my amazing jokes you can get the fees down even lower if after you trade your first ,000 in 30-day volume your fees will then drop by almost 50% further so this is where I came up with my 91% calculation because if you're going to buy CP there's a good chance you're going to buy more than $1,000 of it within 30 days right and that includes if you traded any other crypto any other crypto you traded like this will count towards that too so if you dump one of your other junk coins over $1,000 it and then swap to ICP you'd immediately go up here but you this coinbase will tell you what level you're on right here right now it says I'm on intro one which means I'm getting stuck big and hard and asked H for the spot fees at maximum but if I trade over $11,000 and sometimes you have to wait for this to update if you just trade over $1,000 and then wait your fees will cut in half almost and if you're really ready to buy a whole lot if you trade over $10,000 your fees will drop down to an additional 0. 25% for whoever makes it however it can take as much as an hour for your level to upgrate from when your trade actually fills to when coinbase says it's in here so if you have your Advanced order page up here and then you have you click on that thing to learn more in a new window and you just refresh this and plan some time you can get it so that you get your fees down to a crazy low level remember the original fee was going to be $33. 74 and if you are buying a larger amount you could get this fee down to 0.
25% which would be more than 90% Savings in fees and some of you are thinking well what about coinbase 1 shouldn't I just use that no because you will rip through fees on that quickly and as I found when I tried it after you buy enough crypto on coinbase one then they'll start charging you fees anyway it only gives you so many fee free free fees say that 10 times fast that's not funny free fees you only get so many free fees with coinbase 1 if you forget to cancel it that's $30 in fees although it says somewhere you do get a little bit off the advanced trade but the fees are so low on Advanced trade unless you're going to dump like tens of thousands it's probably not worth coinbase one so that's exactly how you would execute these trades and save 90 plus% on fees now for me the most important choice you're making is what crypto are you're going to buy in the first place and I personally have been in crypto for over 10 years I am Allin on internet computer protocol since I've shown you everything else here I'll show you my wallet I'm right now I'm holding I use an app on internet computer called open chat every day I've got hundreds of ICP of tokens on here and these are sitting liquid you can do stuff like peer-to-peer trades this is amazing on open chat you can swap peer-to-peer trades directly with other people fully on chain it is incredible and this is only possible because internet computer protocol is the only full stack crypto blockchain in existence nothing else allows you to make your entire website like fully decentralized exchanges completely on chain nothing else except ICP allows you to do that which is why I'll show you my ICP wallet I have thousands of Ip locked up indefinitely and then I've got hundreds more sitting around liquid in various places it allows you as fully onchain voting fully onchain Launchpad that everybody can participate in I'm also holding 11,000 open chat which is thousands of dollars of open chat I have that it's my second biggest position sitting in my portfolio so I've shared this to be fully transparent with you so you can see exactly after 10 years in crypto looking for something that's different from everything else it's internet computer and it's open chat and you can see exactly what I'm trading and what I'm doing every day so thank you very much for watching this updated coinbase tutorial showing you how to save 91% on fees someone before you went on my website at Jerry banfield.
