Day: November 17, 2019
At present, most of the people were involving in crypto trading as they find it is a profitable trade. In the cryptocurrency world, coinbase is well-known crypto currency trading platform which is reliable and user-friendly. But the variable percentage fee for performing the transaction were quite high this cause financial dent to the professional traders so in order to favour them coinbase introduced Global Digital Asset Exchange or GDAX in 2015. The main feature which is best about GDAX is GDAX fees as they charge low fees and transactions can be done faster. Traders can have better experience with GDAX as it allows to place a market order and a limit or stop-limit order and they offer a flexible platform for crypto trading. It is not apt for beginners as they may feel difficulties on using this platform.
How GDAX are advantageous for traders?
GDAX is best for professional traders as with having large capital they no need to pay high fee so can be benefited financially. Coinbase users can easily migrate to GDAX and can transfer funds instantly without any charge. GDAX is a cryptocurrency platform which supports multiple cryptocurrencies which are Bitcoin, Ether, Ripple, Litecoin, Stellar and much more. They also support margin trading and it is highly secure as they provide two-factor authentication not only that they store 98% of crypto funds in offline wallets and 2% in online wallets which ensures safety from the threat of hacks. GDAX were supported in several countries as the traders from supported countries can make use of it wisely.
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