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5169267 No.5169267 [Reply] [Original]

Why doesn't everyone just use GDAX to avoid transfer fees? What's the downside to GDAX?

>> No.5169302

>>5169267
>decentralized peer to peer electronic cash system

>> No.5169326

>>5169302
exblain

>> No.5169346

>>5169326
https://bitcoin.org/bitcoin.pdf

>> No.5169368
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5169368

>>5169302
>some nerd shit that doesnt make me money
???

>> No.5169402

Gdax has fees. There is only no fees when you place limit orders that aren't immediately filled. Gdax also has tons of bots, so its hard as fuck to trade with the trend because the bots will place in front of you. Only way to trade without fees if you're not a computer is to try to call reversals.

>> No.5169448

>>5169402
>bots
Reminds me of binance and the BNB for reducing fees
Low fee rate dont mean shit if bots keep the price artificially low/high

>> No.5169470

Because there's money to be made off retards and convenience

>> No.5169503

For what its worth, you can't instabuy with credit card/debit on gdax, that's only a plus if you're certain of some price action

>> No.5169525

>>5169402
Not sure what your trouble is. I exclusively use limit orders for one cent above or below and get filled within a minute. No reason to use market orders and pay fees

>> No.5169632

>>5169525

Again, only works if a big sell falls back on your order. If momentum is strong its very difficult to the point where by the time you keep setting there typing orders its all ready moved so much you would have been better off just paying the fee.

>> No.5169706

>>5169632
This is your problem. You're trying to time short term trades. Try setting limits to what you think the price wilp be in say 1 hr, 1 day, 1 week

>> No.5169783

>>5169267
They are the best at everything except coin selection. They are my #1 but I use others for some shitcoins.

>> No.5169805

>>5169706

Fees don't really matter then.

>> No.5170245

>>5169267
GDAX requires your payment to clear and your money to be in the exchange before you can start trading.
Coinbase allows you to buy immediately, except there's the fee and your coin is locked until the payment clears.
Essentially, Coinbase provides you with a short term loan with which to buy bitcoin before your payment clears.

>> No.5170682

Because I'm not American and GDAX is USD$ only but not coimbase?

>> No.5170736

>>5170682
GDAX allows GBP and EUR too. GBP is only for btc though.

>> No.5171033

Because I am a fucking leaf

>> No.5171763
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5171763

>>5169368