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No, market orders aren't free.
by ipince 9y ago
No, market orders aren't free.
- icelancer 9y agoI couldn't find any documentation on the fees, and when I logged into GDAX and opened up a market order I saw no fees attached. Is that true? Is there a link? Can't seem to find anything on market order fees.
- tristanj 9y agoHere are some sources. GDAX charges 0.3% fees for BTC/USD market orders and 0.25% fees for ETH/USD market orders [0]. They charge slightly less if you trade large volumes (millions of $) which most users will not hit. GDAX's pricing structure incentives users to place stop/limit orders which help provide liquidity. For purchases through coinbase, in the US they charge 1.49% in fees for cash/bank account purchases [1]. They have different pricing fees for other countries. [0] https://www.gdax.com/fees/BTC-USD https://www.gdax.com/fees/BTC-USD [1] https://support.coinbase.com/customer/en/portal/articles/2109597-coinbase-pricing-fees-disclosures https://support.coinbase.com/customer/en/portal/articles/210...
- icelancer 9y agoCool, thanks. Couldn't find anything on their nightmare of a FAQ. Good to know.