#GDAX VS COINBASE TRANSACTION FEES PRO#
#GDAX VS COINBASE TRANSACTION FEES PROFESSIONAL#
#GDAX VS COINBASE TRANSACTION FEES FREE#

The good aspect of this is that the identity confirmation is computerized, meaning that the computer can validate your identification without requiring any GDAX staff to do it directly! This will contain your identity, nationality and complete address.Īfter this, you will further need to submit some documentation to verify your identity, such as a passport or driver's license.

#GDAX VS COINBASE TRANSACTION FEES FREE#

This implies that, unlike other platforms, you will not be free to transact anonymously.Īs a consequence, you will have to go through a KYC (Know Your Customer) procedure.īut don’t panic, it’s effortless and only takes a couple of minutes!įirst, you must provide the platform with a variety of personal information. If not, let me briefly describe the sign-up procedure, which is identical for both Coinbase and GDAX.Īs the service is located in the U.S., they treat user accounts pretty seriously. If you've already got a Coinbase account, all you need to do is register for Coinbase to gain access to the GDAX platform instantly. So now that you understand what GDAX is and how they got involved, the later part of our GDAX analysis will speak about their new makeover to Coinbase Pro! In July 2018, the platform averaged approximately $100 million in daily transactions. Just like Coinbase, GDAX currently boasts one of the biggest trading activities in the crypto market. The wonderful part is that if you have a Coinbase profile, you are automatically accepted onto the GDAX platform.Īll you need to do is input the same login credentials that you use at Coinbase! On the other side, GDAX enables you to exchange them in real-time, utilizing several different financial instruments.Īlthough GDAX aims to attract more seasoned traders, it is still feasible to utilize real-world payment options such as a bank to transfer and withdraw money! The cause seems to be that Coinbase only enables you to purchase and sell bitcoins. The owners intended to offer all 13 million Coinbase customers a more sophisticated crypto exchange. GDAX (Coinbase Pro) and Coinbase are sibling businesses controlled by the same individuals if you've been dealing with Coinbase and want to broaden your investing horizons, GDAX may be a good choice.Įven those seeking a better option to Coinbase may discover GDAX to be a viable option since its transfer cost is lower. Regardless, the platform caters to both novice and expert users. This is because it was created with more complex interfaces that most beginner traders find difficult to traverse.

#GDAX VS COINBASE TRANSACTION FEES PROFESSIONAL#

The most skilled and professional dealers may find GDAX to be more helpful. With more participants entering the market every day, it's more important than ever to know which avenues are most fit for different investors. GDAX has been focused on establishing a great reputation both before and after its relaunch, as the crypto industry continues to grow to various areas of the globe. Some of the possible pairings on the website are listed below: There are a variety of trading pairs available on the site. It stands for 'Global Digital Asset Exchange'. So, what is GDAX? The short explanation is that GDAX is a digital currency exchange that presently trades Bitcoin, Ethereum, Litecoin, and numerous fiat money, among other assets.

#GDAX VS COINBASE TRANSACTION FEES PRO#

The Coinbase team announced Coinbase Pro in a Tweet earlier that month, stating that the new framework was built on the current GDAX platform with customers' requirements in mind. That's because GDAX was renamed on June 29, 2018, to make more room for Coinbase Pro, a stronger and much more user-friendly service. If you Search the term 'GDAX,' you'll get a lot of Coinbase-related results.

Gdax vs coinbase transaction fees