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How to Transfer From Coinbase to GDAX: Full Guide

So, you want to know how to transfer from Coinbase to GDAX? No problem, I'm going to guide you through every step of the way!

Buying and selling cryptocurrencies is now a multi-billion-dollar industry, and Coinbase is one of the most popular exchange options for beginners, as it allows users to easily buy coins using fiat currency.

In my "How to Transfer From Coinbase to GDAX?" guide, I am first going to briefly explain what each exchange does, along with their main features. After that, I am then going to quickly talk about GDAX’s plan to rebrand to ‘Coinbase Pro’.

Once you have the required background information, I am then going to show you how to buy from Coinbase, how to transfer from Coinbase to GDAX and finally, how to use GDAX!

Note that if you're looking for a simple-to-use exchange that would allow you to buy, sell, and transfer your assets in a quick and hassle-free manner, you should look into alternative options, such as Binance and Kraken.

That said, let’s start by looking into what Coinbase is!

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What is a Crypto Wallet? (Explained With Animation)

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Origins of Coinbase

Coinbase is a cryptocurrency exchange broker that allows people to buy and sell a range of different coins. They were first launched in 2012, and are located in San Francisco in the United States. Coinbase has grown so quickly that it has now processed orders for more than 20 million users, amounting to a total of $150 billion in transactions! Not only this, but they also have more than 535 people working in their U.S. headquarters!

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The main selling point of Coinbase is that they allow users to buy cryptocurrencies using real-world payment methods such as a bank account or a debit / credit card. This makes it easy for people who are looking to buy cryptocurrencies for the first time!

The platform is also very simple to use, making it ideal for crypto newbies! At the time of writing in July 2018, Coinbase only lists four different coins. These are Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) and Litecoin (LTC). However, the Coinbase team recently announced that they would soon be supporting Ethereum Classic (ETC) too!

When it comes to fees, Coinbase charges 3.99% to use a debit or credit card. Bank account deposits are much cheaper, and can range from a cost of 0% up to 1.49%. Trading fees amount to 1.49%, which you will be charged every time you make a purchase.

How to transfer from Coinbase to GDAX: Coinbase rates.

For example, if you want to buy $1,000 worth of Ethereum, you will receive the ETH equivalent of $985.10.

You Require an ID to Use Coinbase!

It is important to remember that you will need to verify your identity before you can buy cryptocurrencies using real-world money. The Coinbase KYC (Know Your Customer) process is straightforward. All you need to do is supply your personal information, supported by a copy of your ID. In most circumstances, the Coinbase system can authenticate this automatically, meaning that the process only takes a few minutes!

So now that you know what Coinbase is, the next part of my "How to Transfer From Coinbase to GDAX?" guide is going to find out what GDAX is!

Explaining GDAX

GDAX – which stands for 'Global Digital Asset Exchange' — is a cryptocurrency exchange that was created in 2016 by the same company that created Coinbase. The platform is similar to most other digital exchanges as it allows you to buy, sell and trade cryptocurrencies directly with other users. GDAX act as a middleman between the buyer and seller and, in return, take a fee.

The best thing about the Coinbase and GDAX relationship is that you only need to open an account at one of the two exchanges. For example, if you have an account at Coinbase, you will automatically have an account at GDAX!

GDAX supports the same amount of cryptocurrencies as Coinbase, which are Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). On top of this, it is also possible to trade these cryptocurrencies against the value of fiat currencies such as USD and EUR!

In comparison to Coinbase, GDAX is better suited for traders with previous experience, as you need to have at least a basic understanding of how trading works. While Coinbase only allows you to buy or sell a coin, the features at GDAX are much more advanced. This includes Limit Orders, Stop Orders and Market Orders!

When it comes to fees, GDAX charges different prices depending on the type of trade you make. If you are a “Market Maker”, which means that you provide the platform with the required liquidity, then trading fees are free! On the other hand, if you are a “Market Taker”, which means that you take the liquidity provided by the maker, you will pay between 0.10% and 0.30% depending on how much you trade.

How to transfer from Coinbase to GDAX: GDAX fee structure.

So, now that you know what GDAX does, let’s continue! Before I show you how to transfer from Coinbase to GDAX, I wanted to quickly discuss the upcoming GDAX rebrand!

GDAX Rebrand to Coinbase Pro

In May 2018, it was announced that GDAX was changing its name to Coinbase Pro. Although all of the same features will be available, new services will also be added. This will include protocol and staking voting and additional tokens being supported.

Furthermore, Coinbase Pro will also make depositing and withdrawing funds even easier, as well as introducing a new feature that allows you to view your portfolio of investments.

It is important to remember that although GDAX is rebranding to Coinbase Pro, you will still be able to transfer from Coinbase to GDAX (Coinbase Pro).

On top of the GDAX rebrand, the parent company has also purchased a protocol called Paradex, which will allow people to do wallet-to-wallet transfers of ERC-20 tokens within the Coinbase platform.

Note: ERC-20 tokens are cryptocurrencies that have been built on top of the Ethereum blockchain. ERC-20 stands for "Ethereum Request for Comment"!

So, now that you know about the upcoming rebrand, the next part of my ‘How to transfer from Coinbase to GDAX’ guide is going to look at how to buy cryptocurrencies on Coinbase.

How to Buy Cryptocurrency on Coinbase?

Before making a transfer from Coinbase to GDAX, you will need to first open an account with Coinbase. Once you have done this, you will also need to confirm your identity by providing a range of personal information (such as your name and address) and then upload your identity card (such as your passport).

If, at this stage, you already have coins within your Coinbase account, you can skip to the next section of my ‘How to transfer from Coinbase to GDAX’ guide!

Step 1: Once you are logged in to your account, click on "Buy/Sell" at the top of the page.
How to transfer from Coinbase to GDAX: buying and selling crypto on Coinbase.

Step 2: Now, you will see a choice of four different cryptocurrencies that you can buy. Click on the one you want to purchase. In my "How to Transfer From Coinbase to GDAX?" guide, I am buying Bitcoin.
How to transfer from Coinbase to GDAX: buying Bitcoin.

Step 3: Scroll to the bottom of the page and enter the amount of cryptocurrency that you want to buy. Once you enter the amount in your local currency, the cryptocurrency equivalent will automatically update. In my example, I am buying 750 EUR worth of Bitcoin, which will get me 0.12458237 BTC.How to Transfer from Coinbase to GDAX: BTC transfer amount.

Step 4: Now click on the big blue "Buy Bitcoin Instantly".How to transfer from Coinbase to GDAX: buying BTC instantly.

Step 5: And that’s it! You’ve now bought coins from Coinbase!

So now that you know how to buy coins on Coinbase, the next part of my guide is going to show you how to transfer from Coinbase to GDAX.

How to Transfer From Coinbase to Coinbase Pro (GDAX)?

Remember how I told you that, when you open an account at Coinbase, you will automatically have a GDAX account open for you? Well, at the time of writing in July 2018, Coinbase Pro has replaced GDAX! But don’t worry - you can still log in using the same login details that you use at Coinbase or GDAX!

How to transfer from Coinbase to GDAX: GDAX exchange.

Step 1: Once you have logged in to Coinbase Pro, click on "Wallets" at the top of the screen.
How to transfer from Coinbase to GDAX: BCH-BTC pair.

Step 2: At the bottom of the page, click on the "Deposit".
How to transfer from Coinbase to GDAX: wallet balance.

Step 3: Now you will need to decide which coin you want to transfer from Coinbase to GDAX. You can even transfer your fiat currency balance too!
How to transfer from Coinbase to GDAX: fund deposit.

Step 4: As I am looking to trade USD with Bitcoin, I am going to transfer my USD balance from Coinbase to GDAX (Coinbase Pro)! Don’t worry, the process is the same no matter which cryptocurrency or fiat currency you want to transfer!
How to transfer from Coinbase to GDAX: USD balance.

Step 5: Finally, click on the blue "Deposit" button to complete your transfer from Coinbase to GDAX! Your Coinbase Pro (GDAX) account should be funded within a few seconds!

So, now that you know how to transfer from Coinbase to GDAX, the next part of my guide is going to show you how to use Coinbase Pro!

How to Use Coinbase Pro?

Step 1: Now that your Coinbase Pro account is funded, click on Select Market to begin trading.
How to transfer from Coinbase to GDAX: select market.

Step 2: You can now select the main currency that you want to trade. As I want to trade USD/BTC, I click on USD.
How to transfer from Coinbase to GDAX: available trading pairs.

Step 3: Next, click on the pairing you want to trade.
How to transfer from Coinbase to GDAX: BTC-USD pair.

Step 4: You will now be on the main trading screen for the pairing you want to trade! You will see lots of statistics, such as current market orders, as well as a chart that allows you to analyze price movements.
How to transfer from Coinbase to GDAX: trading view / dashboard.

Step 5: On the left-hand side of the page, you will see the order form. Enter the amount of cryptocurrency that you want to buy or sell into the box.
How to transfer from Coinbase to GDAX: order form.

Step 6: If you are just starting, it is probably best to use the "Market" order option. This will process your trade at the current market price!
How to transfer from Coinbase to GDAX: "Market" section.

Step 7: To complete your trade, click on the "PLACE BUY ORDER" (or "PLACE SELL ORDER", if you are selling) button. And that’s it! You have just completed your first trade at Coinbase Pro!

How to Transfer from Coinbase to GDAX: Conclusion

And that’s the end of my "How to transfer From Coinbase to GDAX?" guide! If you have read it all the way through, you now know how to transfer funds from Coinbase to Coinbase Pro (GDAX). As you now know, the process is really simple!

Although Coinbase Pro (GDAX) is for more experienced traders, the platform is easy to use. What I like about it is how you can easily deposit real-world money straight into your Coinbase Pro account by using a bank account!

If you found my "How to Transfer From Coinbase to GDAX?" guide useful, or you have any questions, please let me know in the comments section below. And remember - if you're looking for a reliable exchange platform, and Coinbase or GDAX just doesn't "cut it", make sure to check out Binance, Kraken, KuCoin, and other top-rated exchanges out there!

About Article's Experts & Analysts

By Aaron S.

Editor-In-Chief

Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era. W...
Aaron S., Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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FAQ

Are Coinbase and GDAX reliable crypto exchange platforms?

Both Coinbase and GDAX are considered to be reliable, well-known exchange platforms. However, if you're looking for top-tier exchanges, there are, admittedly, more-popular options out there. These exchanges would include the likes of Binance, Kraken, and similar high-profile names.

Is GDAX better than Coinbase?

Both GDAX and Coinbase are pretty similar, in that they both offer their clients the option to trade multiple different cryptocurrencies, as well as buy & sell them for fiat money. However, while Coinbase is more like Binance or Kraken (beginner-friendly), GDAX is somewhat oriented towards expert (advanced) traders.

How to pick the best crypto exchange for yourself?

Picking out the best crypto exchange for yourself, you should always focus on maintaining a balance between the essential features that all top crypto exchanges should have, and those that are important to you, personally. For example, all of the best exchanges should possess top-tier security features, but if you're looking to trade only the main cryptocurrencies, you probably don't really care too much about the variety of coins available on the exchange. It's all a case-by-case scenario!

Which cryptocurrency exchange is best for beginners?

Reading through various best crypto exchange reviews online, you're bound to notice that one of the things that most of these exchanges have in common is that they are very simple to use. While some are more straightforward and beginner-friendly than others, you shouldn't encounter any difficulties with either of the top-rated exchanges. That said, many users believe that KuCoin is one of the simpler exchanges on the current market.

What is the difference between a crypto exchange and a brokerage?

In layman's terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. The exchange platform (i.e. Binance) acts as a middleman - it connects you (your offer or request) with that other person (the seller or the buyer). With a brokerage, however, there is no “other person” - you come and exchange your crypto coins or fiat money with the platform in question, without the interference of any third party. When considering cryptocurrency exchange rankings, though, both of these types of businesses (exchanges and brokerages) are usually just thrown under the umbrella term - exchange. This is done for the sake of simplicity.

Are all the top cryptocurrency exchanges based in the United States?

No, definitely not! While some of the top cryptocurrency exchanges are, indeed, based in the United States (i.e. KuCoin or Kraken), there are other very well-known industry leaders that are located all over the world. For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein. While there are many reasons for why an exchange would prefer to be based in one location over another, most of them boil down to business intricacies, and usually have no effect on the user of the platform.

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