GDAX ID Verification
Gdax exchange is one of the popular websites that are employed for the exchange of the cryptocurrencies. It takes security united of the foremost concern for the users that is why they have to travel through the verification technique. so during this text, we tend to square measure attending to discuss the Gdax ID Verification technique and what are often the benefits of victimization it and what to try and do if it fails.
Verification on GDAX
GDAX requires 2 level identity verification. The verification is important, and users aren't allowed to place deposits or trade before the verification method is completed.
The verification method is simple, and it’s a bit different depending on the country.
For us users:
Photo of a state ID or driver’s license
Passports aren't accepted, as a result of they don’t indicate the state of residence.
The residential address
Social Security number (SSN)
For United Kingdom users:
A photo of an ID card, driver’s license or Passport.
Answer to a couple of identity queries
For other users (Singapore, Australia, Canada, and European countries):
A photo of an ID card, driver’s license or Passport.
Another picture of a different ID document.
Users who are already register on Coinbase don’t have to produce an account from scratch and might log in with their Coinbase credentials.
There are no limits when it comes to commerce or deposits. there's a limit of 50,000 us dollars per week for withdrawals, however, it’s not affected by the verification.
Fees
The exchange’s fee model is a bit different than others, and it’s supported the percentage of monthly volume.
At the moment of the writing, GDAX had a 30-day volume of 211,487 BTC.
For users that traded a percentage of that volume within the last 30 days the fee schedule looks like this:
0 % (~0 BTC) – 0.25 % fee
1 % (~2,114 BTC) – 0.24 % fee
2.5 % (~5,287 BTC) – 0.22 % fee
5 % (~10,574 BTC) – 0.19 % fee
10 % (~21,148 BTC) – 0.15 % fee
10 % (~42,297 BTC) – 0.10 % fee
Currently, the exchange supports these fiat currencies:
USD
EUR
GBP
When it comes to digital currencies, there are 3 matching currencies available:
Bitcoin (BTC)
Ether (ETH)
Litecoin (LTC)
Security on GDAX exchange
GDAX is a very well secured exchange. the company holds less than 2 % of the customer funds in a hot wallet, while the rest is secured in cold storage with encryptions and multisig keys. There’s two-factor authentication, and PGP encryption is employed in email communication. Email and SMS alerts are offered too. The exchange is comparatively new, therefore there are no posts regarding the hacks online.
Support
GDAX has a terribly extensive faq page and also offers ticket submission and email support. they typically answer inside 48 hours. The support can be a bit “shallow” sometimes and only partially resolve the matter, which can result in waiting for another 48 hours to completely resolve the problem.
GDAX Review Conclusion
Overall, a fresh start for Coinbase that name suffered a lot in last year or 2. nice exchange, particularly for beginners.
Do you have sensible or bad experiences with this Bitcoin Exchange? Please share them!
Source URL ( Cryptoexchangesinfo.com )