GDAX VS Coinbase: A Detailed Comparison as of 2018

It’s quite 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 been created to cater to different people.

Coinbase is a simpler platform that can be used by everyone, including beginners. However, GDAX is meant for serious traders.

In this article, I’ll compare the prime features and specifications of both these platforms to help you determine which one is the right fit for you.

PART 1: GDAX VS Coinbase Key Features: What’s the difference?

The primary differences between 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 starting off in the world of cryptocurrencies. As such, using Coinbase is extremely easy and straightforward and you can buy your first altcoins with fiat currencies.

GDAX, in comparison, is meant for serious traders. It’s meant for people who don’t simply buy or sell cryptocurrencies once, but actively trade it on a regular basis. To that end, GDAX has a far lower transaction fee than Coinbase.

Below, you’ll find a table charting the prime specifications of the two platforms. Following that, in the next part, we’ll discuss the various features of Coinbase and GDAX in comparison to each other.

Key DetailsGDAX
GDAX
Coinbase
Coinbase
ReviewsGDAX ReviewCoinbase Review
Payment MethodsBank Transfer, CryptocurrencyBank Transfer, Credit Cards, Cryptocurrency
Cryptocurrencies SupportedBitcoin, Ethereum, LitecoinBitcoin, Ethereum, Litecoin
SecurityGreatGreat
Public FaithGreatGreat
Customer SupportGoodGood
Fees0% to 0.25%1.49% to 3.99%
WebsiteCheck WebsiteCheck Website

PART 2: GDAX VS Coinbase Trading: Which one is better?

Cryptocurrencies Supported

Since both GDAX and Coinbase are a part of the same company, they also support the same cryptocurrencies — Bitcoin, Ethereum, and Litecoin.

Currencies Supported

Both GDAX and Coinbase support the same primary fiat currencies – USD, EUR, and GBP.

Countries Supported

Coinbase is available in 32 countries around the world, which you can check out in their Global page.

GDAX, in comparison, is available in most countries across the globe, though it’s most suitable for the US, UK, or EU nations. You can go through the list in the Global page.

Fees

The biggest difference between the two platforms is in terms of the transaction fee that they charge. For Coinbase, the average transaction fee is 3.75%. As for the withdrawal fees, it fluctuates between 1.49% to 3.99% depending on the country and the method of withdrawal.

GDAX has a far lower transaction fee. In fact, its transaction fees are so low that they’re unparalleled in the market. The “maker” fee is at 0%, whereas the “taker” fee fluctuates between 0.1% to 0.25% only. As such, it’s ideal for people engaging in active cryptocurrency trading.

You can check out the complete GDAX trading fee structure online.

Buying Limits

In Coinbase, the weekly transaction limit for completely verified individuals belonging to the US or the EU is up to $50,000.

GDAX, in comparison, has a higher limit. An individual can withdraw up to $10,000/day whereas an organization can withdraw up to $50,000/day. In terms of trading, there’s no upper limit but the minimum limit is 0.01 BTC, ETH, or LTC.

PART 3: GDAX VS Coinbase trust: Which one is more reliable?

Company Background

Coinbase is one of the world’s largest and most trusted cryptocurrency exchange platforms. It’s a San Francisco based company that was a part of the initial wave of platforms that came up in the world of cryptocurrencies. They’re a completely legitimate company, as is evidence by the fact that some of their investors are the New York Stock Exchange and the Bank of Tokyo!

GDAX is an offshoot of Coinbase, and as such it shares much the same history. It has seen investors such as Andreessen Horowitz, Union Square Ventures, and many others.

Security

Both Coinbase and GDAX work in complete accordance with the US State of Federal Laws, thus following some of the most stringent safety protocols in the world. Furthermore, they’ve never been hacked either.

The only concerning event to have taken place was the “flash crash” in Ethereum when a “fat finger” event led to a spike in value by 10 cents.

One of the most reassuring aspects of GDAX, however, is that all its customers are FDIC insured. As such, if there’s any hack or losses, the customers will still be guaranteed a compensation of up to $250,000.

Reputation

From the Google Trends below, it is easy to know that Coinbase is much more popular than GDAX.

Customer Support

Both Coinbase and GDAX are flawless in terms of customer support. First off, they come with a large number of FAQs that are thorough and offer solutions to a variety of issues. They also have a “community” system in which you can interact with other users and gain easy answers to your problems.

Additionally, the customer support is also pretty efficient through the email ticket system. Most users claim that their queries are answered within a day and that it’s taken very seriously.

PART 4: GDAX VS Coinbase Conclusion

So you can see that GDAX and Coinbase are pretty similar in a lot of ways as they belong to the same company. However, while Coinbase attracts a large transaction fee, GDAX attracts a much lower (almost negligible) transaction fee.

As such, beginners should start with Coinbase, which is also simpler to user. And serious traders can use GDAX, which may be more complex, but is a lot more profitable as well.

But before you make any firm decisions, you should read our detailed review for both Coinbase and GDAX. It will help you gauge these 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.