GDAX

GDAX

  • United States of America

  • Full trading platform

  • Gdax.com

  • Since 2018

GDAX
In Social Media:
Complex Ease of use,  Enough secure,  Anonymously trading

Volume 24H: $75,956,704

GDAX is an upgrade of Coinbase's exchange services in order to fulfill the needs of professional traders and corporate clients. The new platform meets the high standards and needs of trading companies, implementing complex chart views and advanced order types. Coinbase is still available, now with the singular purpose of serving the needs of retail customers.

GDAX was designed especially for users with a solid technical background. It offers a multi-functional user interface with complex chart views and advanced order types. Deposit and withdrawal fees are different from one currency to another. For example, USD deposits have a fixed fee of $10, while the fee per withdrawal is $25. SEPA fees are €0,15 for deposits, while withdrawals are €0,15.

Crypto Currencies Support

Traditional Currency Support

  • Euros (EUR)
  • US Dollar (USD)

Language Support

  • English
  • Spanish

Country Support

  • Australia
  • Canada
  • European Union
  • Norway
  • Singapore
  • Switzerland
  • United Kingdom of Great Britain and Northern Ireland
  • US partial

Platforms Systems

  • Web Interface
  • API

Stock Market Options

Interface
customisation:

  • Allows customization of charts

Advanced
Options:

  • Limit Order
  • Market Order
  • Stop Order
  • Post Only Order
  • Immediate or Cancel IOC
  • Fill or Kill
  • Good till canceled order (GTC)

GDAX security levels are exceptionally high. They offer 2FA and a withdrawal white list option. They use an elastic multi-stage wallet strategy ensuring that 80-90% of funds are kept offline and secure. Also, for withdrawals, users are required to pass an enhanced verification process providing proof of the validity of their identification documents.

Summary:

2 Factor Authentication
Yes
Funds Insured
FDIC insurance up to $250 000 (Apply's to Fiat currencies only), Lloyd's of London
Private Keys Stored On
Exchange platform
Storage Type
At least 80% of user funds are stored in cold storage

Advanced Security Features:

  • Limit amount of daily withdrawls

Legal Registration or Compliance:

  • FinCen registration (US)
  • KYC/AML Compliant
  • Incorporation Documents

The founder of Coinbase, Brian Armstrong, decided in 2016 to create a special exchange for trading companies and professionals. GDAX was designed as a separate product with complex features to fit the needs of trading firms. The exchange platform is based in San Francisco, CA. While GDAX is expanding, Coinbase continues its pursuit to help regular users trade cryptocurrencies.

Summary:

GDAX has the clear goal of being one of the most important exchange platforms available for developers and professional traders. Trading pairs are limited, so users seeking variety won't find GDAX to be the best solution. There have not been any major security breaches, but as always we recommend that users transfer their assets to a cold storage wallet for a better security.

Ease of use
Complex
Transaction Fees
Between 0.10-0.20% depending on volume
Deposit/Withdrawal Fee
0.1-0.29%
Deposit/Withdrawal Fee c For Bank Transfer
Fixed fee
Deposit/Withdrawal Fee For Credit Card
N/A
Deposit/Withdrawal Fee Charged For 3rd party Payments
N/A
Anonymous Trading
Yes

Deposit/Withdrawal Options:

Deposit from bank account, Withdrawl funds to bank account, Send/Receive Crypto

Functionality:

GDAX doesn't offer support for customers in several US regions like Wyoming, Hawaii, and Minnesota. Also, the platform is not available for the entire EU. A few other major countries are not yet supported. One of the most important differences between GDAX and Coinbase is the fact that GDAX can help you save on fees on certain transactions. Transactions between Coinbase and GDAX are free.

Most common
customer complaint:

Limited coins for trading and restricted service in some countries.