Some thoughts on GDAX, Coinbase use. How the platforms differ
GDAX, Coinbase exchanges cater different customers
There is much hype in the sphere of cryptocurrencies therefore so many people are attracted to it. It seems to them that fortune is near and it is easy to gain it with virtual cash. Though there are a lot of people now who has earned their fortune thanks to crypto business, these are rare cases. It still takes much effort to be able to achieve heights in the industry. This is not just a matter of luck. One should see the situation clearly not to lose earned assets afterwards. The point is that market is full of traders with different level of experience. Some of them have just entered the world of cryptos, while others know almost everything about it. The first category of clients need accurate, intuitive interface with many details so that they could clearly understand what to do. Such users also need a detailed FAQ section and much attention of support team. Along with them, advanced users do not need these features. They are more focused on advanced instruments for analysis and variety of services offered on the platform. The novice will find such resource rather confusing and inconvenient. The beginner should be prepared well to enter such scene. It’s a bit strange when such different users are served at the same place. As a result, both groups are unsatisfied! What should the exchange do to please all? The solution was found by the company, which founded Coinbase, GDAX and supplied the platform with functionality that caters different users.
The company, which developed GDAX is going to rebrand it soon and name it Coinbase PRO. It says a lot and reveals the whole conception of the enterprise.
One notices Coinbase, GDAX difference immediately after you log in the account. These are two siblings of the same founder, and have the same operator. In this way, it is not problematic to transfer assets from GDAX to Coinbase and vice versa. It refers to digital cash and real money as well.
By the way, this is a common practice when the parent company launches several projects for different target audience. One can find the same in any sphere from production of clothing to casino. It is surprising that financial high tech companies follow the similar pattern.
Many users liked the arrival of new site thanks to GDAX lower fees in comparison with Coinbase. Some are disappointed that the platform is stricter in the question of identity verification. Even if you verified the account with Coinbase (same company actually), GDAX can require additional documents from you.
The popularity of Coinbase is explicable. People who just start trading, need a reliable and convenient platform where they can do it. Coinbase takes many newbies to the crypto world. People from different continents start trading on it and, actually, can further proceed there. Nothing is in the way. However, GDAX meets their requirements better. It usually happens after the trader raises professional level. You can contact such traders on Reddit where users share GDAX and Coinbase reviews. If the resource is not available in your country, there are many other platforms to answer your needs. For instance, GOC io, Coinroom and Hitbtc are great alternatives for crypto lovers. If you need to sellBitcoin, Bitflyer is a great option as well. The cryptocurrency price is rather profitable on it.
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