Is it possible to completely avoid fees when trading cryptocurrencies with GDAX instead of Coinbase?
innocentia nomsaMay 13, 2022 · 3 years ago1 answers
I'm interested in trading cryptocurrencies and I've heard that GDAX offers lower fees compared to Coinbase. Is it possible to completely avoid fees when trading cryptocurrencies with GDAX instead of Coinbase? How does GDAX's fee structure work and are there any specific requirements or conditions to be eligible for fee-free trading?
1 answers
- May 13, 2022 · 3 years agoYes, it is possible to avoid fees when trading cryptocurrencies with GDAX instead of Coinbase. GDAX offers fee-free trading for 'maker' orders, which provide liquidity to the market. By placing 'maker' orders, you can avoid paying any fees. However, if you place 'taker' orders, which take liquidity from the market, you will be subject to fees. GDAX's fee structure is designed to incentivize traders to add liquidity to the market, which helps to improve overall trading conditions. So, if you want to avoid fees, focus on being a 'maker' rather than a 'taker'.
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