How To Start With Using It?
If you have the Coinbase account, then you automatically have the GDAX account. Suppose it is a case, it is simple to move to our next part of the GDAX review! And if not, allow me to explain you its sign-up procedure that is quite the same for Coinbase & GDAX.
GDAX Signup Forms
As this platform is based out in US, they will take account safety very seriously. It means that not like other exchanges, you cannot trade anonymously. Thus, you will have to go through the KYC (that is Know Your Customer) procedure. But do not worry, it is very simple and just takes some minutes! First, you will have to supply an exchange with various personal details. It can include name, nationality & address. Then, you will have to upload a few identifications just to prove your identities, like the driving license or passport.
Good thing is that document verification also is automated, it means that system will confirm the identity without needing the GDAX employee doing it manually! The process will not take more than 10 minutes to compete! When you have done it, you can link your bank account or credit or debit card and make the deposit immediately!
Just keep in mind that if you wish to withdraw over $10,000 in one single day, you have to provide an exchange with the additional information. It depends upon where you are located and can include the phone verification or request for the proof of address (such as bank statement).