Based in San Francisco, the company was founded in 2012 as a sister company to Coinbase. The fact that Coinbase is the best platform currently makes GDAX rank very high. The main difference between Coinbase and GDAX is that Coinbase trades cryptocurrencies with you as a platform while GDAX allows trading assets with others on the buy/sell order principle.
The platform is not made for beginners and there are no additional mobile apps. Furthermore, the only accepted method of depositing and withdrawing funds is a bank transfer.
The cryptocurrencies available are mainly Bitcoin, Ethereum, and Litecoin. Also, fiat currencies available are US dollar, euro, and British pound.
The team at Coinbase is fully devoted to making safety their primary activity. Both platforms are extremely safe and have regular security check-ups, as well as financial audits.
What are the Users Saying about GDAX?
The overall satisfaction of the users is inevitable. There are few to no negative reviews of this platform, simply due to the fact that it is a sister company to Coinbase. There were minor bugs in the system and the team behind GDAX managed to solve them all pretty quickly. This is the only downfall that users often refer to when wanting to point out the negative sides of GDAX.
GDAX is an abbreviation for Global Digital Asset Exchange and the platform is one of the leading in the industry when it comes to cryptocurrency exchange.
To conclude, GDAX is certainly a great platform and all of the people who have Coinbase account and want to go a step further should definitely consider using GDAX. Apart from the great fees and great functionality, the company offers a wide variety of trading options. However, if you are the beginner, you should consider using simpler platforms for now.
Apart from the standard info, you also need to provide the following
- ID or driver’s license (US residents)
- Residential address and Social Security number (US residents)
- ID, driver’s license, or Passport (UK residents)
- Answering verification question (UK residents)
The residents of Australia, Canada, Singapore, and EU need to provide two identification documents. Possible ID’s are a passport, driver’s license, and ID card.
Generally, everything is unlimited when it comes to deposits, except for ACH and SEPA which may vary.
The only limit that exists is withdrawal limit which is $10,000/day for individuals and $50,000 for companies.
The fees on GDAX are the best on the market. Trading rates are between 0.1% and 0.25% which is much lower than the fees at Coinbase. Furthermore, if you have a Coinbase account, you will be able to transfer your assets to GDAX for no fee (and vice versa)
How Do I Withdraw My Money from GDAX?
In order to withdraw digital currencies, go to their trade page and choose the “select product” in order to select a currency that you want to withdraw. They are given in trading pairs.
Select the “withdraw” option on the top left and then go to the address tab for the cryptocurrency that you are withdrawing.
Input the external service address and type down the amount that you want to withdraw.
FIAT Deposit fee
CRYPTO Deposit fee
Fiat Withdrawal fee
Crypto withdrawal fee
> 0 % (~0.00 BTC) 0.25 % > 1 % (~8,557.65 BTC) 0.24 % > 2.5 % (~21,394.13 BTC) 0.22 % > 5 % (~42,788.25 BTC) 0.19 % > 10 % (~85,576.51 BTC) 0.15 % > 20 % (~171,153.01 BTC) 0.1 %
ACH Free SEPA €0.15 Wire $10
ACH Free SEPA €0.15 USD Wire $25
GDAX API page also provides information on exchange functionality and the details of the market. There are two types of APIs – feed and trading. In order to access trading APIs, you need to pass through authentication. On the other hand, data about APIs regarding market data and feed are public.
other withdrawal possiblity
CRYPTO CURRENCYrate (Live via API)
FIAT Withdrawal limit
Crypto withdrawal limits
Verification needed for crypto trade
Verification needed for fiat trading
Turnaround amount 24h
USD; EUR; GBP
BTC; BCH; ETH; LTC
ACH transfers Bank Wires SEPA Criptocurrency
- Low fees for trading
- Many useful trading options
- Sister company of Coinbase
- Few to no negative user reviews
- No worldwide coverage, the main audience is the US residents
- Minor bugs in the system
- Not for beginners