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Gdax Bitcoin Exchange Review

Gdax Bitcoin Exchange Review

Author
Users
  • Reliability
  • Security
  • Transparency
  • Exchange Fees
  • Customer Support

It is a privately managed US based company. Gdax is abbreviated  as Global digital access exchange. . It was actually called coinbase but now transformed into Gdax.

Features and Services 

This is similar to many other bitcon exchanges available in the market,  but one facility they provide as a add on is that they enable you with stock trading on coinbase platform. They provide you a platform to purchase Ethereum which is a decentralized platform which runs on a customized blockchain application and allows developers to create and manage markets, store files (directories) for debts and credits and transfer of funds along with most innovative things which is under process.

The services they provide include reliable and flexible API trading platform, data entry in order with great stretch, accesing data for real  time market  for easy trading and wide-ranging account history and reporting. The coinbase platform enables you to secure and theft free market  trading. They are not the only one providing Ethereum  but there are lots of bitcoin exchanges providing the same facilities. This can be a very exciting news for Ethereum users around the globe and they also provide sale and exchange of crypto currency for traditional currency.

The shift to Ethereum at a sudden can also ruin their existing customer base for crypto currency which is an emerging  trend nowadays. It is not the first run through the names of Coinbase and Ethereum are specified in the same breath.Ethereum designer Vitalik Buterin held a meeting at Coinbase HQ in March of 2016, yet the organization never expected to do much past that point. Nonetheless, the greater part of that changed when Microsoft Azure ventured out with their blockchain-as-an administration plan of action..

Coinbase/GDAX joins a not insignificant rundown of Bitcoin trades who have included Ethereum previously. Bitfinex and Kraken were two of the major Bitcoin trades to do as such a couple of months prior, and from that point onward, stages from everywhere throughout the world have stuck to this same pattern.

Platform and Price

The one day trading price is around 22.89$ and a monthly package is also available which includes taker and maker fees.

Security

The best part is that they have an insured hack free and  highly secured platform for trading which maintains safe balance of Bitcoin and Ethereum.

Pros and Cons

The merging of bitcoin with Ethereum can make things worse for Gdax because blockchain platform is complex to handle instead they must focus  on the market of crypto currency which is in boom nowadays. Many people trading in this platform also complained a lot about the feeble customer support stem which is necessary for customer satisfaction. Gdax bitcoin trading platform is a emerging market but  it lacks in customer services and requires a good business analysis of their competitors in the market.

Summary

They have  a self managed IT and financial services. Its reputation in the bitcoin is industry is average because of the large number of competitors. They are ventured by top stock investors, which include New York Stock Exchange, Andreesen Horiwitz, Union Square ventures and many more.

One Comment

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