Coinbase vs GDAX – The Full Scoop

So you want to trade crypto, huh? You have quite a bit of options then. There are approximately 1,400 coins with dozens of brokers and exchanges available. Two of the most popular websites include Coinbase and GDAX for trading or investing. This is a side-by-side comparison of them so you can decide which one to use, once and for all.

Coinbase vs GDAX

Same Company, Different Product

Both GDAX and Coinbase are actually owned by the same company. They heavily differ in terms of what they have to offer you though. GDAX is an extensive cryptocurrency exchange that allows you to trade coins and fiat currencies. If you have any experience with stock or Forex exchanges, you’ll feel right at home with them. Stop orders, limit orders and similar tools make it geared towards serious investors.

GDAX

As you can see from the above screenshot, spreads, charts, order options and more are available form the dashboard. It would be wise to knock your investment knowledge up a notch before using GDAX. A lot of what you learn in other fields such as Forex will have parallels to crypto trading.

GDAX Information
  • Website type: Exchange
  • Beginner friendly: No
  • Mobile app available: No
  • Buy/Funding methods: Bank transfer, Cryptocurrency
  • Sell/Withdrawal methods: Bank transfer, Cryptocurrency, Credit card
  • Coins you can buy: Bitcoin, Litecoin and Ethererum
  • Trust from crypto community: Great
  • Security: Great
  • Customer support: Good
  • Verification: Required for trading or depositing funds into your account.
  • Fees: Very low(0.25% or lower)
  • Start trading on Gdax today.

Coinbase on the other hand is much easier to use and friendly towards beginners. If you’re just getting your feet wet or trying to get your paws on a small amount of crypto, look no further. Unlike GDAX, Coinbase is simply a broker that will help you buy or sell cryptocurrency at a set amount. The platform is simple to use and straight to the point. You don’t need extensive knowledge on trading or investing to begin.

Coinbase Information
  • Website type: Brokerage
  • Beginner friendly: Yes
  • Mobile app available: Yes
  • Payment methods: Debit/Credit card and bank transfer
  • Withdrawal methods: PayPal, bank transfer and cryptocurrency
  • Coins you can buy: Bitcoin, Litecoin and Ethereum
  • Established since: 2012
  • Trust from crypto community: Excellent
  • Security: Excellent
  • Customer support: Great
  • Verification: Required but increases your purchasing limits.
  • Fees: Moderate(1.49%-3.99%) and does not cover network fees for sending coins to others.
  • Buy coins on Coinbase now

If you come from an investing background, GDAX is probably your best bet. It has everything you need to trade cryptocurrency successfully. For those that are looking to casually buy or sell crypto, head over to Coinbase and they’ll get you set up.

My name is Carmine and I own Mastro Digital, Pierro Shoes, and Wisetech Report. I’m a self published author and full time internet marketer. If you need blog article, e-book or sales copy services please contact me at [email protected]

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