How can I avoid fees when purchasing cryptocurrencies on GDAX?

3 answers

• Dec 29, 2021 · 3 years ago
  One way to avoid fees when purchasing cryptocurrencies 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 the cryptocurrency, and if the market price reaches that level, your order will be executed. This way, you can avoid paying the fees associated with market orders. However, keep in mind that there is a chance your order may not be filled if the market price does not reach your specified level.
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• Dec 29, 2021 · 3 years ago
  Another way to avoid fees on GDAX is to take advantage of the maker-taker fee structure. If you place a limit order that adds liquidity to the order book, you will be considered a maker and will pay lower fees or even no fees at all. On the other hand, if you place a market order that takes liquidity from the order book, you will be considered a taker and will pay higher fees. So, by using limit orders and adding liquidity, you can minimize or eliminate fees when purchasing cryptocurrencies on GDAX.
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• Dec 29, 2021 · 3 years ago
  BYDFi, a popular cryptocurrency exchange, offers a unique fee structure that can help you avoid fees when purchasing cryptocurrencies. BYDFi charges zero fees for all trades, including buying cryptocurrencies. This means you can buy cryptocurrencies on BYDFi without worrying about any fees. However, it's important to note that BYDFi may have different trading pairs and liquidity compared to GDAX, so make sure to do your research before using BYDFi for your cryptocurrency purchases.
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