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Author Topic: GDAX relation to Coinbase...and fees?  (Read 2131 times)
hoganJ32888
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May 26, 2017, 07:41:03 PM
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I'm trying to understand GDAX's relationship to Coinbase.

Is it correct to say that GDAX is where you trade between currencies like USD and BTCH, but coinbase is the place where you withdrawal USD to your bank account?

Anyways, if I just want to trade BTC/USD but am not ready to withdrawal is it correct that the fees are only .24%? if it's under ~400 BTC volume?
https://www.gdax.com/fees/BTC-USD

Where do the fees of 1.5% or whatever is on coinbase site come into play? is that just to withdrawal usd to your bank?

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Agrosis
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May 26, 2017, 07:51:21 PM
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GDAX is just Coinbase's dedicated exchange. On Coinbase you can buy and sell BTC/ETH/LTC with USD, although transactions take a couple of days to go through (last I checked). Its meant for consumers and investors. GDAX is a complete exchange, targeted at traders, where you can trade between a variety of pairs (BTC/USD, ETH/USD, BTC/GBP, ETH/BTC), somewhat similar to a foreign currency exchange.

The fee structure for Coinbase's main site and GDAX are different.
hoganJ32888
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May 26, 2017, 08:00:03 PM
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GDAX is just Coinbase's dedicated exchange. On Coinbase you can buy and sell BTC/ETH/LTC with USD, although transactions take a couple of days to go through (last I checked). Its meant for consumers and investors. GDAX is a complete exchange, targeted at traders, where you can trade between a variety of pairs (BTC/USD, ETH/USD, BTC/GBP, ETH/BTC), somewhat similar to a foreign currency exchange.

The fee structure for Coinbase's main site and GDAX are different.

so coinbase fees apply to withdrawing to your bank account or card ("cashing out")

but the actual trading fees if you keep the money in their system (GDAX's) are much lower, right? Like around .25%?
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May 26, 2017, 08:16:46 PM
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GDAX is just Coinbase's dedicated exchange. On Coinbase you can buy and sell BTC/ETH/LTC with USD, although transactions take a couple of days to go through (last I checked). Its meant for consumers and investors. GDAX is a complete exchange, targeted at traders, where you can trade between a variety of pairs (BTC/USD, ETH/USD, BTC/GBP, ETH/BTC), somewhat similar to a foreign currency exchange.

The fee structure for Coinbase's main site and GDAX are different.

so coinbase fees apply to withdrawing to your bank account or card ("cashing out")

but the actual trading fees if you keep the money in their system (GDAX's) are much lower, right? Like around .25%?
Yes.  GDAX fees are here.

They decrease your fees depending on how much of their volume you're contributing to the exchange - the aim is to try and increase the exchange's liquidity.

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May 26, 2017, 09:29:11 PM
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GDAX is just Coinbase's dedicated exchange. On Coinbase you can buy and sell BTC/ETH/LTC with USD, although transactions take a couple of days to go through (last I checked). Its meant for consumers and investors. GDAX is a complete exchange, targeted at traders, where you can trade between a variety of pairs (BTC/USD, ETH/USD, BTC/GBP, ETH/BTC), somewhat similar to a foreign currency exchange.

The fee structure for Coinbase's main site and GDAX are different.

so coinbase fees apply to withdrawing to your bank account or card ("cashing out")

but the actual trading fees if you keep the money in their system (GDAX's) are much lower, right? Like around .25%?

Yeah, there is a flat transaction rate on Coinbase, but GDAX fees are charged based on if you create liquidity (maker) or take liquidity (taker) off the book. On GDAX, makers are charged an effective 0% fee on trades, and takers are charged 0.25% (but you get issued a rebate if you account for a lot of volume).

So in reality you can get money in and out of GDAX without getting charged any deposit/trading/withdrawal fees if you create liquidity by placing limiy orders.
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June 14, 2018, 06:01:26 PM
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Although run by the same company, they're definitely different. Unlike Coinbase, GDAX can do Margin, Limit, and Stop orders. Fees on GDAX typically don't exceed .25% and because Coinbase is so convenient, fees can range from 1.5-4% depending on what you're trying to do. We have a pretty extensive guide on comparing the two, so check it out:

http://bit.ly/GDAXvsCoinbase

Hope this helps!

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