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$8 per tx seems like a very high fee for cryptocurrency transactions.
by ryanlol 9y ago
$8 per tx seems like a very high fee for cryptocurrency transactions.
- umanwizard 9y agoIt’s really not. Gdax charges 0.25% (only to one party, so let’s call it 0.125 on average). You only have to buy less than $10,000 worth before the fee is higher than $8
- ryanlol 9y agoAnd Gdax is totally required to charge their index fund customers that 0.25%? I figured that the comment I was originally responding to made it sound like transaction costs are a technical reason for the management fees being high.