In the face of the growing popularity of cryptocurrencies around the world, a lot of companies are emerging. They are offering the exchange of cryptocurrencies for other currencies as part of their services. GDAX is a cryptocurrency exchange worth attention due to several factors. First of all, it is the American Stock Exchange. What does it mean? It is widely believed that American cryptocurrency exchanges are safer and traders made on them are less likely to have institutional disturbances (problems with withdrawals, etc.).
What’s the Reason Behind
This is due to the strict control system of financial institutions in the United States. There are more restrictive laws prevailing there after the outbreak of the great financial crisis. It was initiated by the collapse of the Lehman Brothers investment bank, in 2008. The Security Exchange Commission (abbreviated to SEC) is superior, controlling other entities that control cryptocurrency exchanges.
So, GDAX is therefore praised for the security of transactions and liquidity. What’s more, it is associated with the Coinbase exchange office, which also works as a mobile application. As part of the services available, cryptocurrencies include Bitcoin, LiteCoin, and Ethereum. The advantage of this entity is a well-constructed mobile application and ongoing support contact. Although this last aspect may seem insignificant to a beginner, it is quite the opposite.
Why Should We Use It?
Only good cryptocurrency exchanges, like this, can boast of thriving support. However, this solution is still scarce, considering the entire sector of this market. While we use GDAX, we also have access to a very modern investment platform. Thanks to this, our investments in cryptocurrencies will generate more profits. Trading cryptocurrencies, moreover, is characterized by considerable liquidity. During investment or speculation, we won’t have too many moments where we won’t be able to invest. In this respect, the GDAX platform is worth recommending.