GDAX abbreviated for Global Digital Assets Exchange is one of the most known online exchanges available for professional and full-time traders. To start trading on GDAX exchange you should have some coins present with you as it is known for serious traders.
The platform is easy to sign up and trade and if you are a Coin base customers than it can be more easy for you as coinbase and GDAX are both owned by the same parent company working since 2012. Trading from coinbase to GDAX is immediate as you have to only move Funds around and customers can log in on both platforms with the same accounts.
Review GDAX Exchange
GDAX provides major 3 cryptocurrencies and fiat currencies while BTC, LTC and ETH with fiat financing options including deposits in USD, Euro and GBP.
Trading BTC can be done against all three pairs GBP/ BTC, USD / BTC, EURO / BTC while Ethereum and Litecoin can only be traded against Euro, USD and BTC which is bad news for British Customers.
But it is a great news that Ethereum and Litecoin are available for fiat currencies which are unique in some way as most exchanges offer to spend BTC in exchange for ETH and LTC.
GDAX is a global platform that can be accessed from most countries but fiat financing is only available for countries like USA, Europe or Great Britain which is somehow disappointing for users outside these countries as they have to trade directly in cryptocurrencies.
Fees are lower on GDAX as compared to other online exchanges and even coinbase users which can enjoy lower fees as coinbase itself have high fees. The taker fee starts at 0.30% and can go as low up to 0.10% where the maker fee is 0%. A full list can be found here.
Customer support is same in GDAX for some people a success and for some users, a really bad experience almost every exchange available online lacks customer support.
However, the help section is detailed with giving out most of the answers and FAQ’s a new user would want.
IS GDAX Exchange SCAM? [Online Reviews]
There have been some incidents in the past but the platform handled it pretty well and compensated users for their losses, and there have not been any major Hack attack on GDAX as of now.
According to us no doubt GDAX is a legitimate online exchange providing users secure services, while the fiat financing options for buying cryptocurrencies is none the less.
But the website is mainly considered for everyday traders and there are limited options available as there are only 3 cryptocurrencies available addition of some other alternative coins can be overwhelming.