What are the fees associated with shorting on GDAX?

Chester LiMar 29, 2022 · 3 years ago3 answers

Can you explain the fees that are involved when shorting on GDAX? I'm interested in knowing the costs associated with this type of trading strategy on the GDAX platform.

GDAX

Shorting

Fees

3 answers

Mar 29, 2022 · 3 years ago
When shorting on GDAX, there are a few fees to consider. First, there is a borrowing fee, which is the cost of borrowing the asset you want to short. This fee is typically a percentage of the value of the borrowed asset and is charged on a daily basis. Additionally, there may be a margin fee, which is the cost of using leverage to amplify your short position. This fee is also typically a percentage of the borrowed amount and is charged on a daily basis. Finally, there may be transaction fees for executing short trades on GDAX. These fees are usually a percentage of the trade value and vary depending on the trading volume. It's important to carefully consider these fees before engaging in shorting on GDAX to ensure that it aligns with your trading strategy and goals.
Mar 29, 2022 · 3 years ago
Shorting on GDAX comes with a few fees that you should be aware of. Firstly, there is a borrowing fee, which is the cost of borrowing the cryptocurrency you want to short. This fee is usually a percentage of the borrowed amount and is charged on a daily basis. Additionally, there may be a margin fee, which is the cost of using leverage to amplify your short position. This fee is also typically a percentage of the borrowed amount and is charged on a daily basis. Lastly, there may be transaction fees for executing short trades on GDAX. These fees are usually a percentage of the trade value and can vary depending on the trading volume. It's important to factor in these fees when considering shorting on GDAX to accurately assess the potential profitability of your trades.
Mar 29, 2022 · 3 years ago
Shorting on GDAX involves several fees. Firstly, there is a borrowing fee, which is the cost of borrowing the cryptocurrency you want to short. This fee is usually a percentage of the borrowed amount and is charged on a daily basis. Additionally, there may be a margin fee, which is the cost of using leverage to amplify your short position. This fee is also typically a percentage of the borrowed amount and is charged on a daily basis. Finally, there may be transaction fees for executing short trades on GDAX. These fees are usually a percentage of the trade value and can vary depending on the trading volume. It's important to carefully consider these fees and factor them into your trading strategy when shorting on GDAX.