What are the best tips for trading on GDAX without fees?

3 answers

• Anthony CHIKEZIE COMRADEMay 07, 2021 · 4 years ago
  Sure! One of the best tips for trading on GDAX without fees is to use limit orders instead of market orders. By setting a specific price at which you want to buy or sell, you can avoid paying any fees. Additionally, you can take advantage of GDAX's maker-taker fee structure, where makers (those who provide liquidity to the order book) pay lower fees compared to takers (those who take liquidity from the order book). By placing limit orders that add liquidity to the order book, you can reduce your trading fees on GDAX. Happy trading! 💪
  540

  270
• mcil3995Aug 18, 2022 · 3 years ago
  Absolutely! One of the top tips for trading on GDAX without fees is to make use of the GDAX trading platform's fee schedule. GDAX offers fee discounts for high-volume traders, so if you're trading frequently, you can qualify for lower fees. Another tip is to consider using Coinbase Pro, which is the new name for GDAX. Coinbase Pro offers a more advanced trading interface with additional features and lower fees compared to the regular Coinbase platform. Give it a try and see if it suits your trading needs. Good luck! 💰
  524

  175
• Diego MaquillJul 08, 2022 · 3 years ago
  Definitely! When it comes to trading on GDAX without fees, one strategy you can employ is to become a market maker. Market makers provide liquidity to the order book by placing limit orders that are not immediately matched with existing orders. By doing so, you can enjoy lower fees compared to market takers. However, keep in mind that being a market maker also carries some risks, such as the possibility of your limit orders not getting filled. So, make sure to assess the market conditions and your risk tolerance before implementing this strategy. Happy trading! 🤝
  570

  143