GDAX minimum?

[MTwallet]

Is it true that the lowest BTC bid price accepted on GDAX is 0.01? Does that really equate to $80.10 USD? Seems strange that one can purchase small amounts of Bitcoin up to 8 decimals but is very expensive for those of us with small accounts wishing to trade.

I am very new to this and if I'm wrong please help.

Thank you.

[TryNinja]

AFAIK the minimum is only 0.001BTC (~$8). Buying less than that wouldn't be viable because of the transaction fees.

Source: https://support.gdax.com/customer/portal/articles/2725970-trading-rules