So my friend is interested in cryptocurrency and I decided to give him a hand, since he wants to start buying and selling coins for profit. I thought I could accomplish this, so I will point out my plan:
I will look into GDAX, which from what I understand will be better for us since we will be making several low price transactions.
Since GDAX can access Coinbase, I can just use my wallet from there to pull in funds.
Once I have registered on both sites, I will start creating the actual Java application.
I was thinking of using this API: https://github.com/robevansuk/gdax-java Even though it is a bit confusing for me, I think I can figure out how to do these functions: get market data (to figure out when to sell or buy), get account (obviously), deposit and withdraw from Coinbase, place a new order (for trading)
Now I wanted to ask you a few things on this plan.
1) Do you know of any examples of implementations of this API: https://github.com/robevansuk/gdax-java
2) I am using GDAX for the purpose of security and lower fees, but will withdrawing and depositing for Coinbase cost a fee?
3) I am probably a little blinded, due to my lack of knowledge in the subject. Before I get in this, could you point me into the best way of approaching this plan?