Bitcoin Forum

Does anyone know if Coinbase (not GDAX) will negotiate their rates for high volume accounts?

I doubt it.  Go with Gemini for lower fees. 

Is there a reason to use Coinbase instead of GDAX? After getting reamed by Coinbase's fee schedule for years, I've been telling everyone I know to switch over to GDAX after discovering there is 0% fees for limit orders. I never pay fees anymore. ACH deposit to Coinbase (free) --> transfer to GDAX (free) --> Limit buy BTC/LTC/ETH (free).

It really seems like Coinbase's entire interface only exists to churn fees from people who don't like dealing with order books and exchanges. (Or from people who don't know any better)

I never knew this and I've been using coinbase for years , I will look into this and if GDAX offers a better option I will gladly leave coinbase and use that instead.

Any particular reason you'd want to purchase directly off Coinbase vs GDAX or another exchange?

Why didn't that click for me?  I can ACH in and out of GDAX and pay drastically lower fees with the same weekly limit I have at Coinbase?

I doubt it.  Go with Gemini for lower fees. Or opening account at other Xchange like Poloniex, Bittrex, Bitfinex, those are good & liquid

I don't think coinbase does that  but if you're interested in my suggestions rather go for electrum wallets or blockchain wallets which are more secured and user friendly.

Thank you for letting us know. The fees at coinbase for larger orders is too high. 1.5% regardless of your order size. At least they need to have a max limit on fees.

No problem. Yeah I was really upset over the fees for a while. It's bad enough that Coinbase is always so bullish compared to the other markets. :D I really don't know who came up with this % commission stuff in crypto. Whatever happened to good old flat trading fees, like on traditional brokers?

Anyway, I don't think it'll be 0% maker fees forever. But for now, they really need to ensure thick order books, especially given the ETH flash crash fiasco a few months back. So I think they'll continue to offer them until they grow significantly larger. Market orders are 0.25%, so slightly higher than other exchanges FYI.

Yeah GDAX works pretty well and has a lot of trading volume. It was formerly known as "Coinbase Exchange" so it is likely a product from coinbase people I guess.

Have been using it and did not know it does not have fees... lol. One learns by reading posts...

it seems impossible for coinbase to negotiate with the big parties, but i think soon they will negotiate with the loser fund customers, because high fee make them to leave their wallet, so to maintain their customers in a row hey will negotiate with the newbies.

First of all coinbase is not going to be the best way to buy bitcoin if you were dealing with high amounts. If you were dealing with high amounts, go with GDAX. Essentially same thing, but with no fees.

I have never heard anyone negotiate rates with coinbase before. I'm pretty sure that they are a market maker, therefore it would be hard for them to make their rates flexible for negotiation and everyone will just start doing it.

But it's worth a try, if you have a large amount. Doesn't hurt but the response will most likely but negative.