GDAX
- Overview
- Security
- User Experience
Volume 24H: BTC 32,134/24h
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
- BTC
- ETH
- LTC
Traditional Currency Support
- EUR
- 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
- — Api
- — Web Interface
Stock Market Options
Coinbase has a very good security reputation, which they have managed to carry over to GDAX as well. They post public records allowing users to check for any incidents of security breaches recorded on their website. Also, GDAX requires different ID's for registration depending on the user's country. The FDIC insurance is available only for US customers.
Summary:
| 2 Factor Authentication | Yes |
| Funds Insured | Fdic Insurance Up To 250 000 Applys To Fiat Currencies Only, Lloyds Of London |
| Private Keys Stored On | Exchange Platform |
| Storage Type | At Least 80 Of User Funds Are Stored In Cold Storage |
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 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 | No |
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.