GDAX packs a powerful feature set into a concise and well thought out platform. As I navigated it for the first time, it felt very familiar and I never felt lost or overwhelmed by the UI elements. I think it’s a great compromise between professional functionality and novice simplicity. Several of the account settings are actually just links to Coinbase, which I didn’t mind, but it throws you off to be redirected away from GDAX.
Yes – This is an excellent platform for beginners. Unlike many other exchanges GDAX makes it very easy to understand how to use some of the advanced trading features like the Stop Loss and Limit features. It’s very easy to fund GDAX accounts since it syncs with your Coinbase wallets.
Pro Tip: You can avoid some of the Coinbase fees if you use GDAX to trade cryptocurrencies and then transfer the funds into your Coinbase wallet.
Yes – The GDAX support documentation was concise and easy to navigate. I was able to easily find answers to several questions. It doesn’t look like they have too many articles, however, the content they do have is thorough and helpful.
Since GDAX is owned and operated by Coinbase, all Coinbase users automatically have an account with GDAX. The verification tiers are essentially the same, except that GDAX does offer higher limits for institutional traders.
Tier 1 – $10,000 weekly buy/sell limit
Requires a verified account, but doesn’t require a government issued ID
Tier 2 – $15,000 weekly buy/sell limit
Requires upload of government issued ID
Tier 3 – TBD
Coinbase account limits are not well defined like other platforms but instead based on the perceived risk of each individual account. As such, your limits will likely differ from mine.
Yes — via Coinbase.
Yes — All digital currency that Coinbase holds online is insured. If you are a U.S.-based customer, your funds are FDIC insured up to $250,000. Less than 2% of customer funds are actually held online, just enough to cover regular transactions. The rest is held offline in cold storage.
98% of all funds are stored offline to protect against threat or loss. GDAX uses geographically distributed safety deposit boxes around the world to store sensitive customer data.
Yes — AES-256 Encryption (a.k.a. State of the art financial encryption)
GDAX is a sleek professional trading platform created by Coinbase. The automatic account integration with Coinbase makes it easy to transfer funds and adjust profile settings. The platform is incredibly simple to use and combines rich trading features with an intuitive interface. I highly recommend GDAX for anyone already using Coinbase.