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Can anyone who has been investing in digital currency provide some alternatives to Coinbase vis-a-vis fees? If I am plunking down $65k, then that is almost $1k

by zebnyc 9y ago

Can anyone who has been investing in digital currency provide some alternatives to Coinbase vis-a-vis fees? If I am plunking down $65k, then that is almost $1k in fees. In comparison, if I buy stocks, I pay around $7 in commission. I know that it is not a direct comparison cause there is currency conversion fees involved. Are there any better alternatives? How do you guys invest to avoid fees? Thanks

pmorici 9y ago
If you are investing that kind of cash you should be using Coinbase's GDAX exchange not their brokerage service. If you place limit orders on GDAX with the "post only" option checked you will be able to buy coins with zero fees. Other exchanges have similar fee structures so if you don't want to pay the 1% brokerage fee you really need to learn how to use limit orders regardless of what exchange you ultimately use.