GDAX review

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GDAX review

GDAX (Global Digital Asset Exchange) is one of the largest, well-known professional exchanges in the world. Based in San Francisco, United States, GDAX is the professional exchange behind the well-known user-friendly site, Coinbase. It offers 0% maker fees when limit orders are placed, additionally they pay any fees for sending Bitcoin or any other cryptocurrency elsewhere – the only service to offer this!

    • $50 Billion+ USD exchanged
    • 32 countries supported
    • 13,300,000+ users
    • Founded: June, 2012
    • Headquarters: San Francisco, California, USA
    • Founder(s): Brian Armstrong, Fred Ehrsam
    • Website: www.gdax.com
    • Investors include: NYSE, Andreessen Horowitz, USV
    • Bitcoin
    • Bitcoin Cash
    • Ethereum
    • Litecoin
    • Inter-xfer from Coinbase (Instant, Free)
    • Bank transfers (SEPA, Wire)
    • Deposit/Withdraw BTC/LTC/BCH/ETH (No fees)

As the exchange is marketed purely at professionals they offer margin trading in select markets and API access to all users. Additional features include limit orders (0% fee), free withdrawal of any cryptocurrencies to anywhere (they pay the transaction fees) and easy account creation if you already own a Coinbase account.

GDAX website

GDAX website

The interface is fairly straightforward as it doesn’t contain a huge amount of features. It is best viewed on desktop as at this time they do not have a dedicated mobile app, however their site is mobile-friendly if you need to check prices or place a trade.

As they are part of Coinbase they offer free transfers of cryptocurrency or fiat funds between Coinbase and the platform and transfers are instantaneous. Additionally, they offer CSV export of past trades, API access to third-party services (such as charting tools, trading bots, etc)

GDAX trading interface

GDAX trading interface

GDAX trading interface with trading pairs shown

GDAX trading interface with trading pairs shown

They offer a small number of trading pairs, as of early 2018 they were:

  • BTC/USD
  • BTC/EUR
  • BTC/GBP
  • ETH/USD
  • ETH/EUR
  • ETH/BTC
  • BCH/USD
  • BCH/BTC
  • LTC/USD
  • LTC/EUR
  • LTC/BTC

The only real downside to the platform is the trading interface doesn’t offer any indicators, you’ll have to use another charting interface if you want to use indicators for technical analysis.

Support services are the same as provided by Coinbase, so can be hit and miss during very busy periods. Additionally, the platform is generally very stable but does suffer from outages during large market spikes.

In November 2017 the platform published the GDAX Digital Asset Framework which lists the factors they consider when listing new cryptocurrencies on their exchange as part of them being more transparent.

Overall, GDAX is our recommended professional cryptocurrency exchange for people converting funds to or from fiat/cryptocurrency via bank transfers, due to the low limits, small taker fees and fee-free cryptocurrency transfers.


GDAX Exchange
  • Exchange fees
  • Exchange features
  • Customer support
  • Currencies available
  • Platform reliability
  • Platform security
4.3

Summary

GDAX summary
GDAX is one of the best professional cryptocurrency exchanges available. With quick transfers in/out (and fee-free transfers out!) – combined with the backing of Coinbase, you can’t go wrong using GDAX for your major cryptocurrencies. If only they offered further charting tools!

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User Rating 5 (2 votes)
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