You are viewing a single comment's thread from:
RE: HowTo Buy Crypto – Part 3: GDAX
I appreciate that transferring from coin-base to GDAX is free, and from what I understand, is low fee based, but I guess I don't understand why they are..or more specifically, how. Why would coin-base have higher costs for buying and transferring than GDAX? Why doesn't Coin-base deal with the alt coins directly? IT seems odd to me for the separation.
Coinbase is meant to serve a more retail type of customer who doesn't know much about trading and is really only interested in making a long term investment with the highest level of security and guarantees possible with the least amount of hassle. If you're that kind of customer, the fees really aren't that onerous.
On the other hand, GDAX is aimed at the more sophisticated short and intermediate term traders who probably keep a nice proportionate longer term stash in their Coinbase wallets as well.
Ok, I gotcha. Thank you.