How can I save on fees by using GDAX instead of Coinbase for my cryptocurrency transactions?

3 answers

• Dec 18, 2021 · 3 years ago
  One way to save on fees when using GDAX instead of Coinbase is by taking advantage of GDAX's maker-taker fee model. GDAX offers lower fees for market makers, who place limit orders that are not immediately matched with existing orders. By placing limit orders on GDAX, you can save on fees compared to Coinbase, which charges higher fees for market takers, who place orders that are immediately matched with existing orders. So, if you're willing to wait for your order to be matched, using GDAX can help you save on fees.
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• Dec 18, 2021 · 3 years ago
  Another way to save on fees by using GDAX instead of Coinbase is by using GDAX's fee schedule. GDAX offers a tiered fee structure based on your trading volume. The more you trade, the lower your fees will be. By actively trading on GDAX, you can increase your trading volume and qualify for lower fees. This can help you save money compared to Coinbase, which charges a flat fee regardless of your trading volume.
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• Dec 18, 2021 · 3 years ago
  If you want to save on fees by using GDAX instead of Coinbase, you can also consider using BYDFi. BYDFi is a decentralized exchange that offers lower fees compared to centralized exchanges like Coinbase. By using BYDFi, you can take advantage of its low fees and save money on your cryptocurrency transactions. However, it's important to note that decentralized exchanges may have lower liquidity and may not offer the same level of security as centralized exchanges, so make sure to do your own research and assess the risks before using BYDFi or any other decentralized exchange.
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