Are there any strategies to trade on GDAX without incurring fees?

3 answers

• Dec 14, 2021 · 3 years ago
  One strategy to minimize fees on GDAX is to use the maker instead of the taker option when placing trades. By placing limit orders instead of market orders, you can add liquidity to the order book and potentially receive a rebate on fees. This can be especially beneficial for larger trades. Additionally, you can consider using GDAX's fee schedule to your advantage by monitoring the fee tiers and adjusting your trading volume accordingly. By trading higher volumes, you may qualify for lower fees. Finally, you can explore other exchanges that offer lower fees or fee-free trading for specific cryptocurrencies, and consider transferring your funds to those exchanges for trading.
  683342
• Dec 14, 2021 · 3 years ago
  Trading on GDAX without incurring fees can be challenging, but there are a few strategies you can try. One option is to take advantage of GDAX's fee-free transfer between Coinbase and GDAX. By depositing funds into Coinbase and then transferring them to GDAX, you can avoid deposit fees. Another strategy is to take advantage of GDAX's fee-free withdrawal option. By withdrawing your funds directly to your wallet instead of selling them on GDAX, you can avoid withdrawal fees. Finally, you can consider using limit orders instead of market orders to reduce fees. Limit orders allow you to 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 the higher fees associated with market orders.
  782261
• Dec 14, 2021 · 3 years ago
  At BYDFi, we recommend using a combination of strategies to trade on GDAX without incurring fees. Firstly, you can take advantage of GDAX's maker-taker fee structure. By placing limit orders and adding liquidity to the order book, you can qualify for lower fees or even receive rebates. Secondly, you can consider using GDAX's fee schedule to your advantage. By monitoring your trading volume and adjusting it to reach lower fee tiers, you can minimize your overall fees. Finally, you can explore other exchanges that offer fee-free trading for specific cryptocurrencies and consider transferring your funds to those exchanges for trading. Remember to always do your research and consider the liquidity and security of the exchange before making any transfers.
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