Really?
I've used this method many times without fail. However, I've now changed to using Litecoin instead of Bitcoin and send direct from Coinbase to Poloniex because the feel is negligible and the transaction is complete within 5-10 minutes.
RE: How To: Pay ZERO Transaction Fee's Sending Bitcoins (BTC) From Coinbase To Another Exchange
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How To: Pay ZERO Transaction Fee's Sending Bitcoins (BTC) From Coinbase To Another Exchange