GDAX

GDAX is one of the world’s most popular digital asset exchanges. Find out everything you need to know before trading on GDAX today in our review.

What Is GDAX?

GDAX, found online at GDAX.com, is an online trading platform catered towards institutional investors and professional investors. The exchange offers a wide variety of digital currency trading pairs, including bitcoin, Ethereum, and other major cryptocurrencies over popular fiat currencies like the USD and EUR.

GDAX is a regulated, US-based exchange. The company is insured and backed by some of the biggest investors in the industry – like the New York Stock Exchange, Andreessen Horowitz, and Union Square Ventures, among others.

Customer funds are also FDIC insured, which means each customer is entitled to up to $250,000 in remuneration in the event of a loss.

GDAX is known for its low fees, with no fees charged on maker trades. Volume-based discounts can lower taker fees all the way down to as low as 0.1%. Taker fees start at 0.25%.

In May 2016, the Coinbase Exchange rebranded to the Global Digital Asset Exchange (GDAX). Today, the company continues to be operated by Coinbase. Coinbase is headquartered in San Francisco and has been operating since 2012.

GDAX Features

GDAX offers all of the following features:

World-class Trading Platform

GDAX offers an intuitive interface with real-time orderbooks, charting tools, trade history, and a simple order process so you can start trading immediately.

API Support

GDAX offers a Websocket feed that lets traders easily gain access to real-time market data. Meanwhile, the GDAX’s trading API allows for the development of secure, programmatic trading bots.

Trusted And Secure

GDAX undergoes regular IT security and financial audits. Plus, they keep 98% of users’ funds offline in cold storage.

Insured

GDAX holds its digital assets in fully-insured online storage. The USD balances are covered by FDIC insurance, which means customers are covered up to a maximum of $250,000 per customer.

Low Fees

As mentioned above, GDAX offers 0% maker fees and taker fees as low as 0.1%. We’ll talk more about the fees below.

Multiple Fiat And Cryptocurrency Pairs

GDAX offers a wide range of fiat and cryptocurrency pairs, including BTC/USD, ETH/USD, LTC/EUR, LTC/USD, ETH/BTC, LTC/BTC, BTC/GBP, and BTC/EUR, among others.

Margin Trading

GDAX offers margin trading with leverage up to 3x (on BTC/USD and ETH/USD pairs, up to a limit of $10,000), or 2x (for BTC/EUR pair up to 3,000 EUR, and for LTC/USD pair up to $500).

GDAX Fees

Here’s how the GDAX fee structure breaks down:

  • Maker Fee: 0% (all volumes)
  • Taker Fee: 0.25% (volume-based discounts can drop this fee to as little as 0.1% for traders who trade more than 113,432 BTC in a 30 day period)

About Coinbase

Coinbase is a digital asset exchange company founded in 2012. The company is headquartered in San Francisco. In May 2016, Coinbase rebranded its Coinbase Exchange to the Global Digital Asset Exchange, or GDAX.

Coinbase was founded by Brian Armstrong and Fred Ehrsam. Today, the platform is available in 32 countries worldwide. As of May 2017, the exchange had 7.4 million users. It’s also a regulated and insured exchange.

GDAX and Coinbase have had a (mostly) controversy-free existence. The latest major incident occurred in April 2017, when the price of BTC/USD on the exchange dropped by 99.9%, which meant buyers were able to scoop up 1 BTC for $0.06 before it returned to its normal price. GDAX had undergone scheduled maintenance just prior to the incident.

GDAX Conclusion

GDAX, formerly known as the Coinbase Exchange, is one of the cryptocurrency industry’s largest, best-known, and most-trusted exchanges. It’s a regulated company where customers’ funds are insured by FDIC, while 98% of cryptocurrency funds are kept in cold storage.

GDAX is also known for its low fees, offering 0% maker fees and taker fees starting at 0.25% (and declining to as little as 0.10% with high volume).

You can learn more about GDAX, or start trading today, by visiting the cryptocurrency exchange online at GDAX.com.

6 COMMENTS

  1. GDAX cheated me out of $1600 dollars. I tried to sell my bitcoin at market value while it was fluctuating so fast. It has gaining and loosing about 2 thousand dollars in a second. I made the transaction while it was $17100. Their website froze and I saw transaction pending. It stayed this way for almost 5 minutes. It eventually executed at a new lower price of $16000. I get it that they were dealing with a lot of traffic, but this is not the price I was intending to sell for. They should have rejected the transaction and allowed me another chance to sell or keep the bitcoins rather than executing it at the price of their choosing. I have tried to contact and complain about this problem, but so far no response.

  2. I have jumped through their hoops like a monkey , over and over, trying to make sense of navigating through their minimal instructions on how to open an account but just when you think your done up loading you photo credentials ( which is not crystal clear on how ) and after the wait time , it says try again ! Also their forward and rear camera button is stuck on the front camera which is really really STUPID ! Im going back to conventional investing , dont waste your time with cryptos ! I need a class action law suit against those crypto gurus $2500 courses !!!!

  3. I think the coinbase” certify your Id uploads ” got something wrong on their word press or server because i tried a dozen times , different days and its the same end result TRY AGAIN , yeah you guys obviously dont have any idea what the
    hell you are doing .Go back to code school if you can find a knowledgeable person.HA HA HA HA Shake my head , how stupid , every body should quit coinbase for good ,then they will have no fee money coming in HA HA HA .

    • I agree. The same experience on me.I was verifying my ID to GDAX yesterday and today.. I was failed over 10 times for 2 days .It waste my time. I only give up.
      They have my visa card number, driver license, passport. Now told me verifying ID failed again and again.

  4. Ha Ha, that’s nothing. I tried over and over again to get verified continuously retaking and uploading the id photo until it was finally accepted and then…….. They tell me I’m not allowed to trade on GDAX because I live in Australia!!! What a complete waste of peoples time, the system should let people know they can’t trade from certain countries before allowing them to go through the painful process of taking multiple id photos that keep getting rejected while trying to get verified. Thankfully I’ve since found alternative exchanges to GDAX, some of which have even better fee rates and easier verification as well as more currencies to choose from. Don’t waste your time with them, there’s plenty of alternatives out there now that will let you trade without doing your head in.

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