I'm a no coiner looking to get into crypto, but I see there are fees on alot of things, specifically deposits, withdrawals, payment processor fees, and transaction fees. How do I avoid losing 10% of my possible gains on fees?
the fees are small on the amount of gains youll make from moon rockets
>>2275435
Fees are only a thing when your losing. Why be bothered about fees if your holding long? Why be bothered about fees if your picking the right coin. Short sighted minds care about fees, trade smart and you wont be bothered
What kind of fee percentage is average? 10% was just a number I made up based on a few details I saw. I need to know at what point I would be making profit and not do something dumb and pull out just to lose money.
>>2275435
ACH transfers are free on gdax. Market maker orders, limit entries that are not at current market price, are free on gdax as well. There 0 fees.
>>2275774
Trading fees on the exchange? Like 0.1% - 0.3%
>>2275774
Where is the numbers on Polo to give you some idea.
0.15% fee on buys
0.25% fee on sells
0.01 BTC withdraw fee
You buy 0.1 of ShitCoin paying 0.00015 in fees
Make 10%
Sell 0.11 of ShitCoin paying 0.000275 in fees
You have paid a grand total of 0.000425 BTC and are left with 0.109575 BTC
As you can see trading fees are nothing, just don't withdraw until you have 1 BTC to keep the withdrawal fee under 1%.
>>2275435
Seriously, you're doing it wrong if you're worrying about fees bruh
>>2275876
Holy shit polo has a 0.01BTC fee for withdrawals?
>>2275876
thank you based anon for real answers and not moonspeak this apu is for you