4 ms·
Wait, I'm confused by your numbers there. Buy: 300 LTC @ 241 = $72,300 + 1.49% fee ($1077) = $73,377 cost basis Sell: 300 LTC @ 251 = $75,300 - 1.49% fee ($1
by toki5 9y ago
Wait, I'm confused by your numbers there.
Buy: 300 LTC @ 241 = $72,300 + 1.49% fee ($1077) = $73,377 cost basis
Sell: 300 LTC @ 251 = $75,300 - 1.49% fee ($1122) = $74,178 gross
$74,178 - $73,377 = $801 net
and that's before accounting for taxes. What am I missing here?
- airmondii 9y agoare those coinbase fees? gdax fees are lower, and they're zero if your resting order gets hit
- dmcy22 9y agoThere are no fees on GDAX (Coinbase’s exchange) if you are a market maker, i.e. post only limit orders. So $801 + $1122 + $1077 = $3000. Even if you don’t plan to trade, it might be a good idea to buy/sell through GDAX rather than Coinbase to avoid the fees.
- garybro 9y agoI only post limit orders and pay 0% maker fee on GDAX. I've never paid to make a trade. If you do pay as a taker, BTC is 0.25% and LTC is 0.3%, but I set relatively conservative exits for my positions and haven't had much trouble making them.