It’s quiebro interesting to compare the GDAX and Coinbase exchange platforms. Both of them are reliable trading platforms that belong to the same parent company, however, they’ve bot created to cater to different people.
Coinbase is a simpler toneelpodium that can be used by everyone, including beginners. However, GDAX is meant for serious traders.
Ter this article, I’ll compare the prime features and specifications of both thesis platforms to help you determine which one is the right gezond for you.
PART 1: GDAX VS Coinbase Key Features: What’s the difference?
The primary differences inbetween GDAX and Coinbase arise out of the fact that they’re both meant for different people.
Coinbase is meant for retail consumers and individuals who are just beginning off ter the world of cryptocurrencies. Spil such, using Coinbase is utterly effortless and straightforward and you can buy your very first altcoins with fiat currencies.
GDAX, ter comparison, is meant for serious traders. It’s meant for people who don’t simply buy or sell cryptocurrencies merienda, but actively trade it on a regular ondergrond. To that end, GDAX has a far lower transaction toverfee than Coinbase.
Below, you’ll find a table charting the prime specifications of the two platforms. Following that, ter the next part, wij’ll discuss the various features of Coinbase and GDAX te comparison to each other.
PART Two: GDAX VS Coinbase Trading: Which one is better?
Since both GDAX and Coinbase are a part of the same company, they also support the same cryptocurrencies Bitcoin, Ethereum, and Litecoin.
Both GDAX and Coinbase support the same primary fiat currencies – USD, EUR, and GBP.
Coinbase is available te 32 countries around the world, which you can check out te their Integral pagina.
GDAX, ter comparison, is available ter most countries across the globe, however it’s most suitable for the US, UK, or EU nations. You can go through the list ter the Total pagina.
The largest difference inbetween the two platforms is te terms of the transaction toverfee that they charge. For Coinbase, the promedio transaction toverfee is Three.75%. Spil for the withdrawal fees, it fluctuates inbetween 1.49% to Three.99% depending on the country and the method of withdrawal.
GDAX has a far lower transaction toverfee. Ter fact, its transaction fees are so low that they’re unparalleled te the market. The “maker” toverfee is at 0%, whereas the “taker” toverfee fluctuates inbetween 0.1% to 0.25% only. Spil such, it’s ideal for people engaging ter active cryptocurrency trading.
You can check out the accomplish GDAX trading toverfee structure online.
Te Coinbase, the weekly transaction limit for entirely verified individuals belonging to the US or the EU is up to $50,000.
GDAX, te comparison, has a higher limit. An individual can withdraw up to $Ten,000/day whereas an organization can withdraw up to $50,000/day. Ter terms of trading, there’s no upper limit but the ondergrens limit is 0.01 BTC, ETH, or LTC.
PART Three: GDAX VS Coinbase trust: Which one is more reliable?
Coinbase is one of the world’s largest and most trusted cryptocurrency exchange platforms. It’s a San Francisco based company that wasgoed a part of the initial wave of platforms that came up ter the world of cryptocurrencies. They’re a entirely legitimate company, spil is evidence by the fact that some of their investors are the Fresh York Stock Exchange and the Handelsbank of Tokyo!
GDAX is an offshoot of Coinbase, and spil such it shares much the same history. It has seen investors such spil Andreessen Horowitz, Union Square Ventures, and many others.
Both Coinbase and GDAX work ter finish accordance with the US State of Federal Laws, thus following some of the most stringent safety protocols ter the world. Furthermore, they’ve never bot hacked either.
The only concerning event to have taken place wasgoed the “flash crash” ter Ethereum when a “fat finger” event led to a spike te value by Ten cents.
One of the most reassuring aspects of GDAX, however, is that all its customers are FDIC insured. Spil such, if there’s any hack or losses, the customers will still be assured a compensation of up to $250,000.
From the Google Trends below, it is effortless to know that Coinbase is much more popular than GDAX.
Both Coinbase and GDAX are flawless ter terms of customer support. Very first off, they come with a large number of FAQs that are thorough and offerande solutions to a multiplicity of issues. They also have a “community” system te which you can interact with other users and build up effortless answers to your problems.
Additionally, the customer support is also pretty efficient through the email toegangsbewijs system. Most users eis that their queries are answered within a day and that it’s taken very earnestly.
PART Four: GDAX VS Coinbase Conclusion
So you can see that GDAX and Coinbase are pretty similar ter a lotsbestemming of ways spil they belong to the same company. However, while Coinbase attracts a large transaction toverfee, GDAX attracts a much lower (almost negligible) transaction toverfee.
Spil such, beginners should commence with Coinbase, which is also simpler to user. And serious traders can use GDAX, which may be more sophisticated, but is a loterijlot more profitable spil well.
But before you make any hard decisions, you should read our detailed review for both Coinbase and GDAX. It will help you gauge thesis platforms even better.
I hope this article proved helpful to you. Feel free to comment down below and let us know what you’re leaning towards.