How to Buy Sell Bitcoin, Ethereum, and Litecoin Without Any Fees or Commission

Following the latest trends in finance and technology may have you interested in investing in cryptocurrency, or at least learning more about it first. There is so much information on the internet about bitcoin trade and all cryptocurrency trading, so it can be difficult to know where to begin if you're just jumping into it for the first time. Especially since a lot of the information can sound very technical and overwhelming. The good news is, there are lots of great videos on YouTube where people sit down and talk bitcoin trade and about all cryptocurrency the system itself. In this video, Colin from Mainstreet Wolf shares how to buy and sell cryptocurrency including Bitcoin, Ethereum, and Litecoin without any trading fees or commissions. He chooses to do this on an online platform called GDAX is a professional exchange where orders from both the buy and sell sides are listed, and you can buy cryptocurrency. It's a service provided by Coinbase which is one of the most popular and well-used cryptocurrency account managers, much like a wallet where you store your cryptocurrency.

On GDAX you don't have to pay any fees which is alluring to most people. He also shows that they have a live Order Book which shows all of the buy and sell action that's going on. You can see people offering their bitcoin for a certain price and then people also looking to buy bitcoin at a certain price. At the time the video was made the bitcoin exchange rate was a lot lower than it is now since currently 1 bitcoin costs around $15,000 US. The bitcoin exchange rate will increase as the value and demand of bitcoin increases. So you have the makers and the takers. A taker refers to someone who places an order at the current market price, and the order is filled right away. A maker is when you place an order that isn't met right away, but it goes on the order book until it's met. If you place an order that is partially matched right away you have to pay a taker fee, then the remaining amount is placed on the order book and when that is matched it would be called a maker order.

If you are paying fees by doing bitcoin trade on another platform, you could be paying quite a bit of overhead. For example, Colin was paying 1.49 % on each transaction. The fees always add up over time which will eat into your profits. Many people who are trading cryptocurrency are using GDAX to trade all cryptocurrency. So if you want to get in on bitcoin trade, your best bet is to use GDAX. Also, if all of this is still very new to you, you'll also want to research cryptocurrency in more depth. You want to be very well-informed before investing any significant amount of money in anything. The tricky thing about investing in cryptocurrency is that there are no customer service representatives you can call to help you out, so you have to find most of the answers online. You can join different cryptocurrency groups online to learn more about it as well as to connect with more people like you who are interested in investing in it. Some will probably already have invested in it themselves so they will have some first-hand experience. It might take you a while to feel comfortable with understanding all of the ins and outs of cryptocurrency so just take your time and be patient in learning more. Enjoy this video and more from Main Street Wolf and learn more about bitcoin trade.***