4 ms·
You're gonna get killed by transaction fees.
by pitaj 9y ago
You're gonna get killed by transaction fees.
- pests 9y agoWhat? Fees are 0.1%. that's nothing compared to fees for regular stocks exchanges. I'm perfectly fine paying 10 cents for every $100 I trade.
- dmoy 9y agoWhat are the fees for regular stock exchanges?
- jzwinck 9y agoRoughly similar: http://nasdaqtrader.com/Trader.aspx?id=PriceListTrading2 http://nasdaqtrader.com/Trader.aspx?id=PriceListTrading2 But GDAX is a vertically integrated exchange and retail trading platform, so the 0.1% taker fee is all you pay. A stock exchange won't talk to you directly so you must pay additional broker/clearing/bank fees. Real all-in fees for stock can be 2 USD to trade 2k USD, so 0.1%, same as GDAX. But you can also find fees of 10 USD to trade 100k USD and many other rate examples which are either higher or lower. I think a lot of people don't notice the huge difference between a traditional exchange (which does not handle money, only agreements about money) and GDAX (vertically integrated exchange + clearing house + trading application).
- flunhat 9y agoI think on gdax there's no fees for maker trades, only takers.
- snoman 9y agoIf you're doing trades through coinbase or similar, you'll get hit with large fees. Going to the exchanges is much cheaper.