![]() Although all of the same features will be available, new services will also be added. In May 2018, it was announced that GDAX was changing its name to Coinbase Pro. So, now that you know what GDAX does, let’s continue! Before I show you how to transfer from Coinbase to GDAX, I wanted to quickly discuss the upcoming GDAX rebrand! If you are a “Market Maker”, which means that you provide the platform with the required liquidity, then trading fees are free! On the other hand, if you are a “Market Taker”, which means that you take the liquidity provided by the maker, you will pay between 0.10% and 0.30% depending on how much you trade. When it comes to fees, GDAX charges different prices depending on the type of trade you make. This includes Limit Orders, Stop Orders and Market Orders! While Coinbase only allows you to buy or sell a coin, the features at GDAX are much more advanced. In comparison to Coinbase, GDAX is better suited for traders with previous experience, as you need to have at least a basic understanding of how trading works. On top of this, it is also possible to trade these cryptocurrencies against the value of fiat currencies such as USD and EUR! GDAX supports the same amount of cryptocurrencies as Coinbase, which are Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). For example, if you have an account at Coinbase, you will automatically have an account at GDAX! The best thing about the Coinbase and GDAX relationship is that you only need to open an account at one of the two exchanges. GDAX act as a middleman between the buyer and seller and, in return, take a fee. The platform is similar to most other digital exchanges as it allows you to buy, sell and trade cryptocurrencies directly with other users. GDAX – which stands for 'Global Digital Asset Exchange' - is a cryptocurrency exchange that was created in 2016 by the same company that created Coinbase. So now that you know what Coinbase is, the next part of my " How to Transfer From Coinbase to GDAX?" guide is going to find out what GDAX is!ĭapps Metaverse Augmented Reality: A Thorough Introduction Explaining GDAX In most circumstances, the Coinbase system can authenticate this automatically, meaning that the process only takes a few minutes! All you need to do is supply your personal information, supported by a copy of your ID. The Coinbase KYC ( Know Your Customer) process is straightforward. It is important to remember that you will need to verify your identity before you can buy cryptocurrencies using real-world money. Trading fees amount to 1.49%, which you will be charged every time you make a purchase.įor example, if you want to buy $1,000 worth of Ethereum, you will receive the ETH equivalent of $985.10. Bank account deposits are much cheaper, and can range from a cost of 0% up to 1.49%. When it comes to fees, Coinbase charges 3.99% to use a debit or credit card. However, the Coinbase team recently announced that they would soon be supporting Ethereum Classic ( ETC) too! These are Bitcoin ( BTC), Bitcoin Cash ( BCH), Ethereum ( ETH) and Litecoin ( LTC). ![]() The platform is also very simple to use, making it ideal for crypto newbies! At the time of writing in July 2018, Coinbase only lists four different coins. This makes it easy for people who are looking to buy cryptocurrencies for the first time! The main selling point of Coinbase is that they allow users to buy cryptocurrencies using real-world payment methods such as a bank account or a debit / credit card. That said, let’s start by looking into what Coinbase is! Note that if you're looking for a simple-to-use exchange that would allow you to buy, sell, and transfer your assets in a quick and hassle-free manner, you should look into alternative options, such as Binance and Kraken. Once you have the required background information, I am then going to show you how to buy from Coinbase, how to transfer from Coinbase to GDAX and finally, how to use GDAX! After that, I am then going to quickly talk about GDAX’s plan to rebrand to ‘Coinbase Pro’. In my " How to Transfer From Coinbase to GDAX?" guide, I am first going to briefly explain what each exchange does, along with their main features. So, you want to know how to transfer from Coinbase to GDAX? No problem, I'm going to guide you through every step of the way!īuying and selling cryptocurrencies is now a multi-billion-dollar industry, and Coinbase is one of the most popular exchange options for beginners, as it allows users to easily buy coins using fiat currency. ![]()
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