Can We Trade in Crypto Currency without Paying any Fees?
As experienced a trader, who knows the nuance to execute trades without having to bear a huge fee, trading in crypto markets could well be easier if there is clarity about how the fees structure works, but due to the highly decentralized market, the concept of flat fees or uniform fee structure is a distant reality. Doing a little research before setting your foot on the heavily traded crypto markets is important, use the internet based search engines to understand how the trading in certain exchanges without having to pay hefty fees to trade and make a good profits.
How to trade in both fiat and crypto currency like to go from USD to the crypto currency and vice versa is important, more so without having to shell out transaction fees every time the conversion happens is interesting yet, important knowhow. Coin base and GDAX have no fees charged for the crypto transactions, rest all have minimal fees that could vary according to the exchanges form where the trade happens, within the US the charges are minimal, for other countries the charges could vary, depending upon the currency conversion seeked.
Does it matter, paying hefty fees to exchanges just because you want to trade from trading platforms like QProfit System? Well the answer depends on the fact the exchanges charge for trading from various platforms, read more about Qprofit System and understand the fees structure for trading in different currencies. Every time you transact, there is 1.4 % charge for every single buy or sell , more over an extra of 3 % on an average has to be paid to the coinbase, thus to really work out a profit, high investment is required.
- setting up a coinbase or GDAX account is easy and helpful to fund the account in USD
- the coin currency can be purchased from the GDAX account, in case you do not have this account , you can create one and transfer funds from the Coinbase, you can avoid all the fees once purchasing the coin from this account only if you buy with limit your orders
- it is a fairly simple exchange to trade through, once you set the parameters, choose the margin trading option, select the limit your order and check the numbers before you can click on the trade button
- Once you have the coins in the trading account, you can withdraw the USD from the GDAX account or transfer it to the Coinbase account.