GDAX presents user with an instinctive UI, with instantaneous order books, monitoring tools, trade history, and a simple order processing tools that enables every customer to trade easily, regardless of having previous experience or not. The ease-of-use feature offered by GDAX makes it one of the most sort-after exchange. Meaning, if the combined value of your BTC and USD balances sums to a total of $3,000, you can purchase or sell $9,000 worth of BTC/USD. For BTC/USD, you can leverage as high as 3x. If you are willing to use on-loan money to trade cryptocurrencies through GDAX, you have to enable margin trading at the top of the margin trading panel. GDAX bids margin trading with leverage up to 3x on BTC/USD and ETH/USD pairs, up to a limit of $10,000, or 2x for BTC/EUR pair up to 3,000 EUR, and up to $500 for LTC/USD pair. Once you are set to trade margin through GDAX, the amount of leverage you can access depends on which currency pair you want to trade. One of the remarkable features of the exchange compared to other exchanges, is its margin trading options. The following are the most common features of the exchange: Margin Trading Most importantly, GDAX offers FDIC insurance to customers, which means, in the case of loss of funds by the exchange, a customer might be entitled to up to $250,000 in remuneration depending on the sum of the customer’s assets.
The exchange allows traders to leverage up to 500:1. It offers advanced trading features, competitive fees, and varieties of deposit options. Over the years, GDAX has hailed to one of the biggest cryptocurrency exchanges due to its extreme liquidity.
As a regulated US-based exchange, GDAX is insured and backed by some of the biggest investors in the industry like the New York Stock Exchange (NYSE), Andreessen Horowitz, and Union Square Ventures. It is run by the same company that owns Coinbase headquartered in San Francisco. Global Digital Asset Exchange, abbreviated to GDAX, is one of the world’s most popular places for the exchange of cryptocurrencies.
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The Global Digital Asset Exchange (GDAX), one of the most famous Bitcoin and cryptocurrency trading exchanges in the world, launched by the Coinbase team in May of 2016, aimed at more advanced users and professional traders.
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