Bitcoin Trading at Coinbase?

How does BTC Trading work at Coinbase? Do you buy from Coinbase and Sell back to them? Or Do you buy and sell to other traders.

I wanted to start trading with 100$ and wanted to do it in Coinbase. Does someone have experience with it? Or would you recommend me another site?.

I don't have a specific site to recommend, but I'd highly suggest not doing this through Coinbase. If you don't have a verified bank account the transactions are not instant. And even their "instant" transactions take several minutes to properly propagate. Additionally, they charge something like a $2.99 fee per transaction. If you are starting with $100, that means you are losing 3% every time to make a move.

If you want to do trading I suggest Gdax. Coinbase owns Gdax

I would highly suggest not doing this on Coinbase. Primarily because the Fee's are going to eat away at your $$ fairly quickly.

With only $100 to invest, I would highly suggest using a platform like Whaleclub.Co. When you trade here you trade on margin so your not necessarily going to be buying and selling BTC to USD when you trade but long or short your current BTC balance based on whether or not you think it will go up and down. Your profits will remain in Bitcoin until you send your coin back to a place like Coinbase to sell for USD, so if your currently bullish on BTC as a whole your profits will continue to make profits assuming BTC continues to rise.

Long = Will go up

Short = Will go down

They offer a lot of other currencies to trade as well as stocks, commodities, and bonds.

Whaleclub's also pretty cool in that they give you a 5BTC demo balance that you can use to learn their platform and how to trade. I always tend to do really well when I trade demo LOL

I've used WC for many years now and its one of better options for margin trading IMO. No ID verification required and the interface is clean and easy.

Go for GDAX

sina999 said:

If you want to do trading I suggest Gdax. Coinbase owns Gdax

Click to expand...

This. Your Coinbase login works at Gdax. You can transfer the funds between the two with no fees.

i recommend Gdax

How do I activate leveraging on Gdax? I keep getting a message that its "not available? "

GDax is asking me to submit a passport to sign up. I already have submitted driver's license to Coinbase. Did you guys all have to do that?