Thanks
The reason I asked this question was because yesterday I placed my first ever limit buy LTC/USD trade, I placed the trade well below the current price with the blue "Post Only" box highlighted. My price appeared in the my size column of the order book as well as in the open order side. I had to wait some time for the price to lower and trigger my trade. It did not go directly to the filled side. Finally it was matched and appeared in the fills side. I was charged a 0.30 fee. I can't figure this out.
Any thoughts?
Topic: GDAX fees. (Read 156 times)
Yes, I was charged the fee when I bought. Now I'm waiting for price to hopefully go up. If it does that and I sell, will I be charged an additional fee?
Normally, every time you execute an order (every time you sell/buy), a fee will be taken from the amount you are buying/selling.But... you need to understand how GDAX fees work. Passive orders (maker) has no fees. While active orders (taker) has a fee of 0.30% (until you trade more than $10m, then your fees will get better);
If you don't know the difference, read this:
https://www.gdax.com/fees
https://cryptocurrencyfacts.com/maker-vs-taker-cryptocurrency/
TLDR:
Every time you place an buy/sell order that is executed immediately (i.e you are buying/selling at the market price), you will be charged a fee of 0.30%;
Every time you place an buy/sell order that isn't executed immediately (i.e you put an order to sell 1 BTC at a higher price than the market's price, so it takes some time to get executed), you won't be charged anything.
I couldn't understand your question very well.
The fee is charged from the amount you successfully sold/bought (if that's what you're asking).
The fee is charged from the amount you successfully sold/bought (if that's what you're asking).
Yes, I was charged the fee when I bought. Now I'm waiting for price to hopefully go up. If it does that and I sell, will I be charged an additional fee?
I believe that GDAX doesn't charge a fee if you are the maker (if you post the offer) but does if you're the taker (the purchaser). Haven't used it in awhile so be sure and check on that.
I couldn't understand your question very well.
The fee is charged from the amount you successfully sold/bought (if that's what you're asking).
The fee is charged from the amount you successfully sold/bought (if that's what you're asking).
When taking a market order I know that is subject to a fee. Is a fee based on the going in amount as well as a fee when selling?
Thanks.
Thanks.
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