3 ms·

They were probably referring to the fees that exchanges charge.

• adjkant 9y ago
  There are no fees on GDAX unless you're a taker.
  • umanwizard 9y ago
    That's true, but irrelevant. GDAX takes a fee on every trade. Therefore it's a negative-sum game, not zero.
    • daveguy 9y ago
      The casino always wins. True for poker and bitcoin.