question about coinbase and gdax

I have been reading about using gdax to avoid coinbase fees. I want to make sure I do this properly before trying. If I understand it correctly, I buy the btc on coinbase. When I go to gdax it will automatically be in my account. I can then withdraw to my electrum and not be hit with the coinbase fees. Is this correct? It seems to simple to me.


Comments


[4 Points] monoatomic:

Transfer USD to Coinbase, it will take about a week. Then transfer to Gdax and place a limit order for your crypto. Then send to an external wallet.

Total fees: $0


[4 Points] vtg5:

That's how it worked for me.

When I transferred from Gdax it showed up in my Coinbase account as a transaction.

That said, I bought Bitcoin Cash today and transferred it to Dream and the fee was so low they rounded it down to nothing.


[1 Points] None:

you log into g dax and withdraw your coins from coinbase to your wallet on gdax. you do this all on gdax. They don't magically appear on gdax.


[1 Points] capitalist4life:

see monoatomic's comment.