How can I avoid fees when trading on GDAX?

3 answers

• Dec 16, 2021 · 3 years ago
  One strategy to avoid fees when trading on GDAX is to use limit orders instead of market orders. By placing a limit order, you can set the price at which you want to buy or sell, and if the market reaches that price, your order will be executed. This can help you avoid paying unnecessary fees that may be associated with market orders. Additionally, GDAX offers fee discounts for high-volume traders, so if you're a frequent trader, you may be eligible for lower fees. It's also worth considering the fee structure of GDAX and comparing it to other exchanges to see if there are any alternatives with lower fees.
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• Dec 16, 2021 · 3 years ago
  Another way to avoid fees on GDAX is to take advantage of the platform's maker-taker fee model. If you place an order that adds liquidity to the order book (a maker order), you may be eligible for lower fees compared to taking liquidity from the order book (a taker order). By placing limit orders that are not immediately filled, you can potentially qualify for maker fees. This can help reduce the overall fees you pay when trading on GDAX.
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• Dec 16, 2021 · 3 years ago
  As an expert in the cryptocurrency industry, I would recommend using BYDFi for fee-free trading. BYDFi is a decentralized exchange that offers zero fees for trading. With BYDFi, you can enjoy fee-free trading without worrying about high transaction costs. It's a great alternative to GDAX if you're looking to avoid fees and save money on your trades. Give it a try and see the difference it can make in your trading experience.
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