Noob questions about coinbase and gdax

Amazon / Eng
legend

Amazon Eng

PRE
Microsoft
BIO
developers developers developers
legendmore
Dec 22, 2017 22 Comments

1. What's the difference between coinbase & gdax apart from latter being cheap?
2. Is gdax busted for most users or just the new ones? Will it ever work?
3. Do I buy from & sell to exchange on coinbase or other traders? Comparing it with stock exchange, it doesn't let me put a limit order which confuses me about how is price set on coinbase.

comments

Want to comment? LOG IN or SIGN UP
TOP 22 Comments
  • Salesforce / Eng
    🈶🈶🈵🈴♋️

    Salesforce Eng

    PRE
    Facebook, NerdWallet
    🈶🈶🈵🈴♋️more
    1) Coinbase is user friendly , GDAX’s UI is also simple but the Coinbase UI is appealing and intuitive.
    2) Coinbase has an option that lets you buy with Credit card ( $750 limit) Vs GDAX , it doesn’t
    3) GDAX is cheaper in terms of fees and rates
    4) GDAX allows stop limit , Coinbase doesn’t
    GDAX you have to deposit the money first before any transaction is locked vs Coinbase where you can just buy the coin with your bank thus locking the price ( this is a Long way)
    I think the ideal way would be to wire money to either GDAX or Coinbase ( transfers between them are instantaneous)
    I personally love GDAX, due to the limit option and it being lot cheaper
    My 2 cents
    Dec 22, 2017 5
    • Amazon / Eng
      legend

      Amazon Eng

      PRE
      Microsoft
      BIO
      developers developers developers
      legendmore
      OP
      Thanks buddy. GDAX is not verifying my account. Now it has been more than a week. I have tried 10 times at least and I get same error that it's overloaded or something (have seen others with similar complain for a long time on blind). I guess it's working fine for existing users though.
      Dec 22, 2017
    • Salesforce / Eng
      🈶🈶🈵🈴♋️

      Salesforce Eng

      PRE
      Facebook, NerdWallet
      🈶🈶🈵🈴♋️more
      Then I would suggest try binance ,
      Buy BTC from Coinbase , move it to binance .
      I think for less than 2 BTC they don’t give you much pain and it is very fast as well
      Dec 22, 2017
    • Amazon / Eng
      legend

      Amazon Eng

      PRE
      Microsoft
      BIO
      developers developers developers
      legendmore
      OP
      Thanks, will try binance. But why not buy on binance at the first place?
      Dec 22, 2017
    • Salesforce / Eng
      🈶🈶🈵🈴♋️

      Salesforce Eng

      PRE
      Facebook, NerdWallet
      🈶🈶🈵🈴♋️more
      You can’t buy in USD from binance, it has to be from a crypto
      Dec 22, 2017
    • Amazon / Eng
      legend

      Amazon Eng

      PRE
      Microsoft
      BIO
      developers developers developers
      legendmore
      OP
      Ah ok... thanks
      Dec 22, 2017
  • AngelList
    Yyytdg55

    AngelList

    PRE
    Google
    Yyytdg55more
    Google it
    Dec 22, 2017 5
    • Amazon / Eng
      legend

      Amazon Eng

      PRE
      Microsoft
      BIO
      developers developers developers
      legendmore
      OP
      Did you read my questions? I couldn't find good answers to these. 1000s of articles talk about placing limit orders on gdax but that's fucked now, but none about coinbase. Couldn't find for how long gdax is going to remain fucked either..
      Dec 22, 2017
    • Microsoft vector3
      Gdax and coinbase are the same company. Gdax is their pro interface where you can do limit orders. You can transfer coins btw the two for Free. Same un/pw
      Dec 22, 2017
    • Amazon / Eng
      legend

      Amazon Eng

      PRE
      Microsoft
      BIO
      developers developers developers
      legendmore
      OP
      GDax is not able to verify new users.
      Dec 22, 2017
    • Microsoft vector3
      So you have to create your account at coinbase first? That’s ok that’s how most people bought their first bitcoin.
      Dec 22, 2017
    • Amazon / Eng
      legend

      Amazon Eng

      PRE
      Microsoft
      BIO
      developers developers developers
      legendmore
      OP
      First on GDax. When it couldn't verify my account for more than a week, tried using coinbase...
      Dec 22, 2017
  • Amazon
    chuk muk

    Amazon

    PRE
    Microsoft
    chuk mukmore
    Coin bought on Gdax shows up on Coinbase? I like Coinbase mobile app and now it tracks your portfolio, it would be great if Gdax balance also shows up on Coinbase.

    I haven't used Gdax yet, but planning to use it next time.
    Dec 22, 2017 1
    • Microsoft vector3
      No but you can transfer btc to/from with no fee
      Dec 22, 2017
  • Rubrik / Eng
    Monkey321

    Rubrik Eng

    PRE
    Palantir, BetterWorks
    Monkey321more
    Gdax is their exchange, a coinbase cash out to USD cost less there because you are putting in the trade urself. The normal cashout is more expensive because coinbase can charge a higher fee to noobs.
    Dec 22, 2017 0
  • Deutsche Bank LPeJ52
    My advice is to go for Gdax - it's obviously better for anybody apart from real newbies. Things which you don't understand there - you can research online and find out in 1-2 hrs.
    Dec 22, 2017 2
    • Deutsche Bank LPeJ52
      And it's much cheaper
      Dec 22, 2017
    • Amazon / Eng
      legend

      Amazon Eng

      PRE
      Microsoft
      BIO
      developers developers developers
      legendmore
      OP
      I wish gdax gets it shit together and verifies my account!!!
      Dec 22, 2017
  • Airbnb ZitSnot
    There are limit orders you probably didn’t see the button it is kind of dim
    Dec 22, 2017 2
    • Amazon / Eng
      legend

      Amazon Eng

      PRE
      Microsoft
      BIO
      developers developers developers
      legendmore
      OP
      App or desktop? Does it come when you pay by credit card? I still can't find it. Are you talking about coinbase, right?
      Dec 22, 2017
    • Airbnb ZitSnot
      Limit trading is only available on gdax. There is no gdax mobile app. I think I misunderstood your question. Coinbase is not a trading platform the way gdax is. Obviously coinbase has to fulfill your order via some sort of trade but it’s not a full fledged trading platform.
      Dec 22, 2017
  • Amazon / Eng
    legend

    Amazon Eng

    PRE
    Microsoft
    BIO
    developers developers developers
    legendmore
    OP
    Cool... seems like my account verification got through on GDax finally. Will try once funds are available in my account...
    Dec 23, 2017 0

Salary
Comparison

    Real time salary information from verified employees