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Ohh thanks I should look into that. Aren’t the transaction fees huge though?
by ratsimihah 9y ago
Ohh thanks I should look into that. Aren’t the transaction fees huge though?
- cwkoss 9y agoI think they are a bit over 1% right now. Not the cheapest way to get bitcoin, but not horrible.
- ctchocula 9y agoIf you use GDAX (the underlying exchange technology behind Coinbase and also owned by Coinbase) as a maker (meaning you use a limit order), you pay 0% fees. If you use GDAX as a taker (market order), you pay 0.25% fees.
- dragonwriter 9y agoThat's not what the maker/taker distinction means—a taker is an order to the extent it is filled because it matches a pre-existing order when it hits the sysyem; a limit order can be a taker if there's a matching order on the book when it hits the system. GDAX supports marking a limit order as “Post Only”, which cancels it if any part would fill as a taker order, but that's optional.