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How can I become a maker on GDAX to reduce fees?

avatarAngelo OliveiraDec 26, 2021 · 3 years ago1 answers

Can you provide a step-by-step guide on how to become a maker on GDAX in order to reduce fees?

How can I become a maker on GDAX to reduce fees?

1 answers

  • avatarDec 26, 2021 · 3 years ago
    Becoming a maker on GDAX is a straightforward process. Here's what you need to do: 1. Sign up for an account on GDAX. 2. Complete the verification process. 3. Deposit funds into your GDAX account. 4. Place a limit order instead of a market order. By placing a limit order, you become a maker on GDAX. Makers provide liquidity to the market and are rewarded with lower fees. GDAX incentivizes makers to improve market liquidity, which benefits all traders. Remember, being a maker means your orders may not be immediately filled. However, you can enjoy reduced fees and contribute to a more liquid market on GDAX.