The Global Digital Asset Exchange, better known as GDAX, is one of the best-known Bitcoin and commercial cryptocurrency exchanges of today’s world. The platform strives to facilitate professional traders, as well as individual users. However, how they differ from their competitors? Well, let’s check it out.
It works Differently
It builds the reputation of the stars as we watch the rise of cryptocurrencies accelerate to public awareness. More and more investors are entering the market, and it is important to understand the differences in the available platforms.
If you’re considering GDAX, you probably already own some Bitcoin and maybe other digital assets. This is an advanced trading platform that is targeted at serious entrepreneurs.
If you are already a user at Coinbase and wanting to expand your trading opportunities, then running on the platform will be a simple feast for you.
This is owned by the same company as Coinbase and acts as a trading sister platform. The company has its headquarters in San Francisco and has been operating since 2012, so it knows its way to the cryptographic markets.
Coinbase account owners can use the same account to log in to it and start trading almost immediately. You need to transfer funds from one wallet to another, but the beauty of cryptocurrency makes it cinch.
Best currency support
It provides a decent range of major cryptocurrencies and empty currencies. Bitcoin, Ethereum and Litecoin are available for market trading. You can deposit and work in any of these cryptos along with US dollars, Euros and UK pounds.
You can trade Bitcoin with all three Fiat options, while Ethereum and litecoin transactions can be made from dollars, Euros, and Bitcoin. This can be a bit frustrating for British users, although most European exchanges will operate in Euros instead of pounds.