Coinbase & GDAX Trading Platform: Buy/Sell/Trade BTC, BCC, ETH & LTC

Coinbase & GDAX Trading Platform: Buy/Sell/Trade BTC, BCC, ETH & LTC

Brief about Coinbase and GDAX?

Coinbase is the most popular place to buy cryptocurrency. It is based on the US and offers four cryptocurrencies at present. GDAX is a trading platform by Coinbase which is the world’s most popular site to purchase bitcoin, Ethereum, Litcoin, and bitcoin cash. GDAX also offer these four cryptocurrencies to trade against government-issued currencies.

  1. Bitcoin (BTC)
  2. Bitcoin cash (BCC)
  3. Ethereum (ETH)
  4. Litecoin (LTC)

Supported currencies

On GDAX, bitcoin can be purchased with USD, EURO, and GBP while Ethereum and Litecoin can be purchased with bitcoin, USD, and EURO. Currently, Bitcoin cash can be traded only against USD.

Benefits and risk of trading

Trading can be extremely risky and may result in losses. Every sell also involve a purchase from somebody and there is always a chance that one of these two people will be benefited more with the trade. However, if you purchase at the low price and sell at the higher price then there is a chance that you can make good money out of trading. There is no limit on how many times you can trade so you can repeat the cycle of buying and selling to maximize profit.

Where to begin?

You first need to join Coinbase. Once you joined you will use the same login credential to use GDAX. However, you need to verify your identity which can be done on Coinbase or GDAX website interface. They need your identity card to be uploaded to verify your account. Once your identity is verified then you can start trading on the GDAX platform.

Supported Countries by Coinbase?

Currently, Coinbase is supported in 32 countries. Citizens of these countries can buy and sell cryptocurrencies at Coinbase.

  • Austria
  • Belgium
  • Bulgaria
  • Croatia
  • Cyprus
  • Czech Republic
  • Denmark
  • Finland
  • Greece
  • Hungary
  • Ireland
  • Italy
  • Latvia
  • Liechtenstein
  • Malta
  • Monaco
  • Netherlands
  • Norway
  • Poland
  • Portugal
  • San Marino
  • Slovakia
  • Slovenia
  • Spain
  • Sweden
  • Switzerland
 Supported Countries by GDAX?

GDAX trading is supported in 4 Countries

  • US
  • Canada
  • United Kingdom
  • Europe

They keep adding new countries. Please follow the following links to know the current status of supported countries and what payment methods available for residents of these countries

Supported US states: Link give you details of US states where Coinbase/GDAX has licence to do business.

Supported Countries: Link also give you information about which currencies can be used to buy/sell cryptocurrencies