Can I convert bitcoin to another crypto with coinbase without any fees?

[electronicash]

converting to another crypto is good if you make sure the crypto you chose is superior. if yu pick another one that isn't, you could turn your money is to shit.

Exchanges do not joke with their fees, be it withdrawal fees or trading fees, it is very important to them because that is one of things they need in order to operate effectively. Suppose you have Bitcoin and bear market enters and Bitcoin goes down, you can covert to USDC easily without any issues and of course you will be saving any further losses but it doesn't come free you will be liable to pay any trading fees set by the exchange. Also, I do not think there will be any other loss in transaction apart from the trading fees, unless you are withdrawing to a personal wallet where you will be charged withdraw fees.  

fees are necessary for exchanges, they ask fees just about what you do there, its basically what they get from your account every time you do a transaction. its what makes them money. one day they may charge us $1 for just logging in. for now they don't just be grateful to that. swapping fees are a lot higher than on exchanges.

[acener]

Suppose Bitcoin goes down and I want to convert to USDC (USD coin). Would this be a good way to prevent further losses? Do I have to take a 2% (or other) loss on every transaction?

Every crypto provider service would put up a charge on converting your crypto no matter what it is whether it is a crypto wallet or an exchange/trading site,
That is how they run it and how they keep it working they need those small fees to sustain their service and keep their company running.

[zxcv1]

The Complete Guide to Coinbase Fees (and How to Avoid Them)

Please check this link: https://www.cryptoryancy.com/the-complete-guide-to-coinbase-fees-and-how-to-avoid-them/

For example, I just moved 1 BTC the other day and it cost 0.0000417 BTC - which was around $1.35 to move over $35K in BTC (1/11/2021).

It's not a complete guide unfortunately. All he did is tell me that he paid less. He didn't tell me how to do this. Of course, I would like to do that, but the guide does not tell me how.

bump still need to know how to do this

[oliviarobert]

Coinbase states that the spread should be around 0.5% between a fiat currency and a cryptocurrency, but may very depending on the trading pair and the order queue.

Fees get much expensive if you buy or sell less than USD 200 or equivalent. A $10 order, will generate $0.99 in fees, or 9.9%. For a $100 order, clients pay 3% in fees.

[Atek33]

Of course not. I think if you want to trade from Coinbase, if you want to buy any other currency with Bitcoin, you have to pay for free because at the moment I think you can't buy any currency from anywhere without a fee.  One thing is because if currency could be bought from all places without a fee, everyone would benefit a lot more

[cheezcarls]

Suppose Bitcoin goes down and I want to convert to USDC (USD coin). Would this be a good way to prevent further losses? Do I have to take a 2% (or other) loss on every transaction?

Unfortunately there's no way that a centralized exchange like Coinbase provides zero conversion fees or so (unless they are having a promo). Let's say for a certain exchange, they are having a limited promo to all new users that they are offering zero transaction fees or so. In reality, you can't escape the fees there in Coinbase.

[Darkelf11]

I will lose over $100 (1.5%) to Coinbase fees in order to withdraw. I need to know how to do it without paying the $100+ in fees.

Does converting it to other altcoin would help? Thinking about it... I think it's not, you will still have the same fees that you need to pay inorder to withdraw. That's your cons, you cannot do anything since Coinbase has much higher fees compared to other exchanges.

Thus, you should deal with it. The larger your withdrawal is, the  larger the fee will become.