GDAX Exchange (2/2)
In the last part of this topic, I tried to share some features of the renowned exchange GDEX. Today I shall add some points from my last post.
GDAX Exchange is more than just a platform for buying and selling cryptos rather a comprehensive crypto trading system. It offers a variety of digital assets along with some advanced trading features. Like any other exchange, its security system is good. But I like it mostly for its comparatively lower fee structure. The interface is nice and also has some useful tools.
Mainly it is popular for integration with Coinbase. As Coinbase's official exchange platform, GDAX supports users to transfer funds seamlessly between their Coinbase accounts and GDAX accounts. Now coinbase is not in its previous state of condition but still GDAX is, providing a smooth trading experience without the need for external wallets or exchanges. This integration is a mindset for the general users as it ensures a high level of security. GDAX leverages Coinbase's strong security measures to protect users' funds and personal information.
GDAX prioritizes the safety of its users' assets through various security measures, including two-factor authentication (2FA), cold storage of funds, etc. These steps and regular auditing help mitigate the risk of hacks and unauthorized access. Users can be tension-free while trading on the platform. Compared to many other exchanges, GDAX suggests relatively low trading fees, especially for market makers (users who provide liquidity to the market by placing limit orders). This fee structure incentivizes active trading and liquidity provision while keeping trading costs low for users. It is providing educational resources for its users as well. So cool.
~ Regards,
VEIGO (Community Mod)
Upvoted! Thank you for supporting witness @jswit.
Although I never knew about this exchange but it is nice to know that like unique exchanges GDAX prioritizes the security of its users' assets through various security measures,