Topic: Trading on GDAX whats the fee? maker/taker? (Read 169 times)

The best part about this if I have 1000$ and I do this 4-6 hours a day 5 days a week like a part time job I'm going to make just as much as someone who makes minimum wage possibly much more. Also when it comes time to pay taxes on my profit it will taxed at 15% because its capital gains.
OR
I can get someone to drop me off/pay $12 to uber at some shitty job doing retail and having to deal with customers each day. Pay for transportation. Spend my whole shift waiting for my break where I have to spend $ on lunch then wait to get off and waste time driving home. Then after taxes I will be making $5 or $6 an hour. The job will be hard and no matter how hard i work I get paid the same and never have the opportunity to get a raise. Then i have to deal with bitchy customers, getting phone calls to come in on my day off or staying late sometimes because the company won't hire enough people to get the job done. Not being able to go anywhere certain days a week because I have to work 12:00 -4:00. Which pretty much ruins your entire day.

OR. I sit in my bed and do this with dignity. Too bad other people can't do this but I think this would be too complex for your average person to do or they wouldn't have the self discipline to stay at it like at a job. Thats the hardest part is not getting distracted and watching youtube or doing something else.

From what I know, and my small experience because I'm doing the same thing you are. Trading with a very small amount, in my case just $100. You can choose to take the market price, and your orders will be filled immediately and on every trade a small % will be charged (0.25 % for BTC, and 0.30 % for Ether or LTC), but you can also just choose to select your price to enter the market. This way you will be the maker, and will avoid fees altogether.

I manage to trade a little and get a small profit of $6 from my $100, and no fees where charged, because I always picked my price, and I was always the maker. If this is always like this, then I don't see why I would use market price, so I'm not sure if I'm not missing anything here.

But the fee is small because the amount $200 is small? I'm trying to make a whole bunch of little trades throughout the day to make a net gain and not take big risks because I'm constantly at the computer all day so I can check the graphs every minute or so.

I'm disabled so I'm stuck in bed most of the day and trying to make this a full time job as I have no other way to physically make money. Sucks but 10 years ago there was no option for bed ridden people to make money at all!

I found out you can avoid the fee by setting limit orders which seems better. I still don't know of a quick way to see the fee if I wanted to do really quick market orders. Also when my money converts to BTC I have to write down what I paid for it unless there is a way to see your BTC balance in USD?

I'm trying to make all my mistakes with this 200.00$ before I put real money in actually risk losing real money due to a rookie mistake. So far I have made four mistakes but currently I have made more then I lost today. I wish there was a manual on how to do this my eye sight sucks (going blind) so Its hard for me to find information through google or even help pages.

200USD is not a lot so even with a good trade (gain, profit,etc) you still have to pay for the fee, which in the end, still a loss.

USER 30 DAY VOLUME   TAKER FEE        MAKER FEE
> 0 %  (~0.00 BTC)              0.25 %        0 %
> 1 %  (~7,494.12 BTC)      0.24 %
> 2.5 %  (~18,735.30 BTC)   0.22 %
> 5 %  (~37,470.60 BTC)      0.19 %
> 10 %  (~74,941.20 BTC)      0.15 %
> 20 %  (~149,882.40 BTC)  0.1 %

So 1st off my situation. I'm will be trading with under $1000.00: That puts me at 0.25%? Or is that how much money you move?

Right now I have 200USD in it and I was doing inter hour trades just for fun seeing if I could make a dollar or two by manually watching the charts and buying low then selling a few minutes later. I did this for about four trades: I should have made a net profit of a few dollars for a balance of ~$203 but there is less money in my account not about ~195.00. I'm pretty sure each buy was priced lower then each sale.

If they take a % off each trade how much gain do you have to make to break even? Im not margin trading just doing instant manual buy/sell orders.

I also use GDAX to execute the trades and coinigy for charting: is there a way to use one of the tools to set this number up so you can just look at the chart to see if you have cleared the fee? Is there any advantage to moving my money over again to coinigy to trade on that platform; keeping in mind I'm a beginner?