GDAX – Coinbase’s Bitcoin, Litecoin & Ethereum Trading Exchange?
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 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.
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.
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.
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.
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).
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)
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, 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.