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Do I have to pay fees when using GDAX?

avatarNaim ShahDec 18, 2021 · 3 years ago3 answers

I'm new to GDAX and I'm wondering if there are any fees associated with using the platform. Can someone please explain if I have to pay fees when using GDAX?

Do I have to pay fees when using GDAX?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    Yes, there are fees when using GDAX. GDAX charges a fee for both market makers and market takers. Market makers are those who place limit orders that are not immediately matched with an existing order on the order book. They add liquidity to the market and are charged a lower fee. Market takers are those who place market orders that are immediately matched with an existing order on the order book. They remove liquidity from the market and are charged a higher fee. The fee structure can be found on the GDAX website.
  • avatarDec 18, 2021 · 3 years ago
    Absolutely! GDAX does have fees. The fee structure is based on your trading volume and whether you are a market maker or a market taker. Market makers enjoy lower fees as they provide liquidity to the market. Market takers, on the other hand, pay slightly higher fees as they take liquidity from the market. It's important to review the fee structure on the GDAX website to understand the exact fees you'll be charged.
  • avatarDec 18, 2021 · 3 years ago
    Yes, there are fees when using GDAX. GDAX offers a tiered fee structure based on your trading volume. The more you trade, the lower your fees will be. Market makers, who add liquidity to the market, enjoy lower fees compared to market takers, who remove liquidity from the market. It's important to note that GDAX provides transparent fee information on their website, so make sure to check it out for detailed fee calculations.