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