Nobody likes cryptocurrency exchange FEES ! Let's find a solution :)

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Hello dear friends.

Today, I was following the cryptocurrencies market and made several transfers from one account to another, selling and buying something. This because I see the market being little uncertain.

Bearish or Bullish ?

This is another subject , but what made me to write this article is my rebellion on the high fees imposed by the cryptocurrencies exchange.

I choose to talk about Coinbase, an exchange that has not been hacked and is trustworthy ,to keep your btc/ltc/eth or euro/dollar. But not only "keep" money , you can SELL/BUY too .

Here is my "problem" :

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for selling 1 BTC I must to pay 53,21 EUR , that mean 1,5%. But 53 EUR is good money for many of us !

So how we can do avoid these fees ?

There’s a better solution: go to GDAX.com - which is owned by the same company that owns Coinbase .
GDAX and Coinbase are sharing the same back-end, so when you buy BTC on GDAX, you’re buying the exact same BTC from the same source as you would with Coinbase .

So you must sign up for GDAX and go through their verification process. When your bank transfer is in your Coinbase account, you can instantly transfer it to your GDAX account and begin to trade ( sell/buy).However, Coinbase charges a 0.3% fee for the market orders.

If you click the Limit button ( with a limit order ) you manually put in what your buy bid would be , so you will not pay even the 0.3% fee .

MY STEP by STEP GUIDE

Create a GDAX account , link your bank account to Coinbase and deposit money ,sign up and complete verification with GDAX ,transfer money from Coinbase to your GDAX account ( it should appear instantly ), make a trade (on the left-hand side of your screen) , make a limit order so you’ll pay NO FEES whatsoever (if you make a market order, you’ll pay a 0.3% fee).


With love ,


@braveheart22

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yeah , i personally think the fee price is to high , in the beggining i was using freewallet , just to exchange cryptocurrencies costed me a lot lol!

Hi @xoni amd thank you for your comment . Yeah we share the same idea , this with GDAX is better however than coinbase exchange ( talking about fees ) . However welcome on my blog and see you on my next posts.

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@reblogger thank you for your attention , keep in touch for our next posts !

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