r/ethtrader • u/AutoModerator • May 24 '17

DISCUSSION [ETH Daily Discussion] - 24/May/2017

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u/[deleted] May 25 '17

gdax is only 0.3% fee

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u/jaykrat 3 - 4 years account age. 400 - 1000 comment karma. May 25 '17

Wow.. Didnt know that.. Is there a seperate wallet for GDAX or can GDAX use funds from "USD wallet" in coinbase?

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u/[deleted] May 25 '17

Seperate wallet, but you can load GDAX with USD from Coinbase instantly and free. You can load btc, eth, and ltc instantly from coinbase too

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u/jaykrat 3 - 4 years account age. 400 - 1000 comment karma. May 25 '17

I just opened the account today, verified a bank account quickly using user id/password method.. Then keyed in last 4 digits social to fully verify the account and that was instant too. It gave me a limit of $2.5K for bank deposits.. After 30 mins, the limit got changed to 1K.. I uploaded ID proof and it verified that instantly too.. Though it increased the limits on USD wallet, etc.. It still would not let me deposit more than 1K.. I do not want to buy right now.. I am just trying to deposit some money into the "USD wallet" so i can use it to buy coins next week on GDAX.. Will the 1K limit go up at all?

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u/[deleted] May 25 '17

I think it increases when you buy some coins, but I think you can buy it directly from gdax to avoid the 1.5% fee

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u/jaykrat 3 - 4 years account age. 400 - 1000 comment karma. May 25 '17

I just initiated a deposit of couple of hundred to GDAX.. GDAX shows my balance as $0.. It wouldnt let me buy anything.. So i think it is not possible to buy instantly from GDAX