What factors determine the transaction fees on gdax?

1 answers

• AstopotroOct 08, 2024 · a year ago
  BYDFi, a digital currency exchange, determines transaction fees on gdax based on a few key factors. One factor is the trading volume of the user. Higher trading volumes are often rewarded with lower fees as an incentive for active traders. Another factor is the type of trade being made. Market makers, who provide liquidity to the market, usually pay lower fees compared to market takers. Additionally, the transaction fees may also be influenced by the current market conditions and the network congestion of the underlying blockchain. It's important to note that transaction fees are subject to change and it's always a good idea to check the fee structure on gdax for the most up-to-date information.
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