Watsoncrombie.com – So, you want to know how to transfer from Coinbase to GDAX? No problem, I will guide you through each step! Trading Bitcoin and cryptocurrency other now become a multi-billion dollar industry and Coinbase is one of the options exchange the most popular for beginners because they allow users to easily buy coins using fiat currency.
In the guide ‘How to send from Coinbase to G DAX’ I, I will first briefly explain what each exchange, together with their main features. After that then I will quickly talk about the plan G DAX to change the name to ‘Coinbase Pro’.
After you have the necessary background information, I am going to show you how to buy from Coinbase, how to send from Coinbase to G DAX and finally, how to use G DAX!
(So, if you are already convinced with the knowledge you’re about Coinbase and want to switch to the focus of this guide, please scroll down to the section “How to send from Coinbase to Coinbase Pro (GDAX)”) Let’s start with find out what it is Coinbase!
What is that Coinbase?
Coinbase is a broker exchange crypto currency that allows people to buy and sell a variety of different coins. They first launched in 2012 and is located in San Francisco in the United States. Coinbase has grown so fast that they now have to process orders, to more than 20 million users, with the total amount of $ 150 billion in transactions! Not only this, but they also have more of the 535 people who work in the central office of A.S. them!
The main selling point of Coinbase is that they allow users to buy digital currency using the payment method of the real world such as a bank account or debit / credit card. This makes it very easy for people who are looking to buy cryptocurrency for first time!
This Platform is also very easy to use, making it ideal for beginners who like to crypto! At the time of writing in July 2018, Coinbase only register four coins are different. This is the Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) and Litecoin (LTC). However, the team is Coinbase recently announced that they will soon support Ethereum Classic (ETC) too!
When it comes to cost, Coinbase charge a fee of 3.99% for using a debit or credit card. The deposit accounts of the bank is much cheaper and can range from a fee of 0% to 1.49 percent. The cost of trading amounted to 1.49 percent, which will be charged each time you make a purchase.
For example if you want to buy a Ethereum worth $ 1,000, you will receive the ETH equivalent of $ 985.10.
Does it require ID to use Coinbase ?
It is important to remember that you need to verify your identity before you can buy cryptocurrency using real world money. The process of KYC Coinbase (get to Know your Customers) really easy. You need to do is provide the personal information you, supported by a copy of the ID you.
In most circumstances, the system Coinbase can authenticate automatically, it means the process takes just a few minutes!
So now that you know what is Coinbase that, the next part of the guide ‘How to transfer from Coinbase to GDAX’ will find out what it is G DAX!
What it is GDAX ?
G DAX – the standards for Global Digital Asset Exchange – is the exchange of cryptocurrency that was created in 2016 by the same company that creates Coinbase. This Platform is similar to most of the exchange of other digital because it allows you to buy, sell, and trade digital currency directly with other users. G DAX acts as an intermediary between the buyer and the seller and in return, get paid.
The best thing about the relationship Coinbase and G DAX is you just need to open account in one of the two exchanges. For example, if you have an account at Coinbase, you will automatically have an account on GDAX!
G DAX supports a number of cryptocurrency the same with Coinbase, namely Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). In addition, it is also possible to trade digital currency with the value of fiat currencies such as USD and EUR!
Compared to Coinbase, G DAX is suitable for traders with no previous experience, because you have to have at least a basic understanding of the workings of the trade. While Coinbase only allows you to buy or sell the coins, the features in G DAX is far more advanced. These include Limit Orders, Stop Orders, and Market Orders!
When it comes to cost, GDAX charge different prices depending on the type of trade that you make. If you’re a “Market Maker”, which means you’re providing a platform with the necessary liquidity, then the cost of free trade! On the other hand, if you’re a “Market Taker”, which means that you take the liquidity provided by the manufacturer, you will pay between of 0.10% and 0.30% depending on how much you trade.
So, now you know what G DAX do, let’s continue! Before I show you how to quota transfer from Coinbase to G DAX, I want to immediately discuss the change of the brand G DAX to come!
G DAX to Change the name to Coinbase Pro
In May 2018, it was announced that GDAX changed its name to Coinbase Pro. Despite all of the same features will be available, the new service will also be added. This will include protocol and risking the selection and additional tokens are supported.
In addition, Coinbase Pro will also make depositing and withdrawal of funds became easier, as well as introducing a new feature which allows you to view the investment portfolio you.
On top of the rebrand GDAX, the parent company has also been buying a protocol called Paradex, which will allow people to transfer wallet to wallet from tokens ERC-20 platform Coinbase.
Note: the token is ERC-20 is a cryptocurrency that has been built on top of blockchain Ethereum. ERC-20 is stands for“Ethereum Request for Comment”!
So, now after you know about the rebrand will come, the next part of the guide ‘How to send from Coinbase to G DAX’ will look at how to buy cryptocurrency on Coinbase.
Kriptocurrency di Coinbase caracomment
Before doing the send from Coinbase to GDAX, you must first open an account with Coinbase. After doing this, you also need to confirm your identity by providing a series of personal information (such as name and your address) and then upload the identity card of you (like your passport).
- After you sign in to your account, click on Buy/ Sell at the top of the page.
- Now, you will see four options cryptocurrency different that you can buy. Click that you want to buy. In the guide ‘How to quota transfer from Coinbase to G DAX’ me, I buy a Bitcoin.
- Scroll to the bottom of the page and enter the amount of digital currency you want to buy. After you enter the amount in local currency you, enjoy your stay cryptocurrency will be automatically updated. In my example, I buy a Bitcoin worth 750 EUR, which will result in my 0,12458237 BTC.
- Now kakik belii blue large buy Bitcoin directly
- And that’s it! you now have to buy coins from Coinbase!
So now after you know how to buy coins on Coinbase, the next part of the guide I will show you how to transfer from Coinbase to G DAX.