Cryptocurrency trading has become the rave of the moment. However, cryptocurrency trading transactions come with some transaction costs which many buyers may find discouraging. In this article, you will learn how you can trade on Coinbase and GDAX without paying any fees. It is important to note that Coinbase is a digital currency exchange based at San Francisco, California, United States. GDAX is a Digital Based Asset Exchange which is also based in the United States.
You can actually avoid these exchange fees because both Coinbase and GDAX are under the same ownership. Typically, GDAX charges very low fees for carrying out certain crypto trades.
Why Should I Follow This Guide?
This guide will be of immense benefit to you. The cost of trading on Coinbase is quite high and you wouldn’t want to pay an extra 4% on every transaction you make on the platform, would you? Coinbase charges you about 4% of deposits made using your debit card or similar bank transfers. In another setting, you pay 1.4% for any cryptocurrency purchase and the same rate whenever you sell. With such a fee structure, it becomes very hard to make good profits in cryptocurrency trading.
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