common-close-0
BYDFi
Trade wherever you are!

Are there any fees associated with shorting on GDAX?

avatarShivam BiswasDec 29, 2021 · 3 years ago3 answers

Can you tell me if there are any fees involved in shorting on GDAX? I'm considering shorting some cryptocurrencies and I want to know if there are any additional costs.

Are there any fees associated with shorting on GDAX?

3 answers

  • avatarDec 29, 2021 · 3 years ago
    Yes, there are fees associated with shorting on GDAX. When you open a short position, you will be charged a borrowing fee for borrowing the cryptocurrency you want to short. Additionally, there may be other fees such as trading fees and margin fees. It's important to review GDAX's fee schedule for specific details on the fees involved in shorting.
  • avatarDec 29, 2021 · 3 years ago
    Shorting on GDAX does come with fees. You'll need to pay a borrowing fee for borrowing the cryptocurrency you want to short. Keep in mind that there may be other fees as well, so it's always a good idea to check GDAX's fee schedule for the most up-to-date information.
  • avatarDec 29, 2021 · 3 years ago
    Yes, there are fees associated with shorting on GDAX. When you short a cryptocurrency on GDAX, you'll be charged a borrowing fee. This fee covers the cost of borrowing the cryptocurrency from other GDAX users. It's important to note that the fee can vary depending on the specific cryptocurrency you want to short and the market conditions. Make sure to check GDAX's fee schedule for the current borrowing fee rates.