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Coinbase and GDAX were two of the most popular platforms in cryptocurrency trading. Coinbase was the place to go if you wanted to buy Bitcoin, Litecoin, and Ethereum. GDAX was the website professional traders used to build their fortunes.
Coinbase operated both of these platforms under two brands until recently when GDAX became Coinbase Pro.
If you’re wondering what the difference is between GDAX vs Coinbase Pro, you’re in the right place. Read on to learn what changes the company made when changing the platform and bringing both the buying and exchange operations under one umbrella.
Improvements Made To GDAX vs Coinbase Pro
After the switchover to Coinbase Pro, there were a few changes noticeable to traders.
First, users can immediately access their balances and transaction history in the renovated “my wallet” view in the upper right corner of the screen. This feature consolidates all your account orders and transactions into one interface. Users enjoy a more intuitive interface for users.
Another change is in the user interface. One of the complaints about GDAX was the complication in making transactions, withdrawals, and deposits. The new method is easier and takes fewer steps.
There’s a new chart system that allows users to scroll through their historical data, which is part of the desire of developers to make trading more intuitive.
Concerned About The Switchover?
If you’re a trader that has yet to switch from GDAX to Coinbase Pro for the first time, know that Coinbase took every step to make the switch easy.
The first time you log in to the new interface, you’ll be able to access your trade history, balance info, and new metrics to make the transition easier. This information is very relevant to traders concerned about revenue info and tax liability.
The world-class analytic tools are still available to traders, with more added to give a complete picture of your chosen market. New users might want to take a few days to get used to the information thrown at them before diving in headfirst.
Both platforms operate on a maker/taker fee model. Orders that provide liquidity have different charges than orders that take liquidity. A similar fee structure means users won’t have to relearn the best ways to maximize their trades to produce the most profit.
In short, switching from GDAX to Coinbase Pro is easy and fast. You’ll be trading on the world’s best platform in no time.
And as always, make sure to keep your cryptocurrency off the exchange when you’re not actively trading! My preferred hardware wallets are the Ledger Nano X and Trezor Model T. If you do need a hardware wallet, buy it directly from the maker for your safety with my affliate links in the last sentence.
All The Crypto-Currency Information You Need To Know
Whether you’re a serious investor or a first-time buyer that wants to dip their toes into the crypto markets, we’re here to help. We have information designed to give you an advantage when tackling the markets.
Our advice is to look at Coinbase, read the reviews, and see for yourself if it’s a platform you want to use. If the GDAX and Coinbase conversation confuses or concerns you, check out our guides about Binance since it’s a great exchange with lower fees.