Update: As of May 24th, GDAX will be changed to Coinbase Pro. Please follow our guide on how to transfer from Coinbase to Coinbase Pro for a more updated step-by-step process. 🙂
Yesterday I was taking to a friend, and we were talking about the crypto purchases that we both made. He brought up the fees that he was getting charged for every Bitcoin, Ether (Ethereum),or Litecoin he purchased was just utter ridiculous.
So I asked him how much the fees were because I don’t use Coinbase (except for when I first got started) and after learning about the other great Coinbase alternatives. He gave me numbers from 15-30 for transactions and not just that he also said that Coinbase was just big giant mess with the additional hidden fees here and there. Keep in mind he makes a lot of small purchases so I don’t exactly know how much the fees would be when you’re trading larger quantities of crypto.
I then told about GDAX (Coinbase’s less hot sibling) since he hesitated to move away from the Coinbase platform. He told me it looked complicated and intimidating compared to how it was so darn simple on Coinbase. To be fair I can agree with him, the first time I hopped on GDAX it looked like the charts and numbers were all on large amounts of cocaine because numbers were fluctuating like crazy and I absolutely had no idea what was going on.
But honestly, the amount of money I feel as though you can save from using GDAX rather than Coinbase is so much more. Add that up together with all the deposit fees and what not and you have a whole extra money you could be spending on other coins.
If you want to avoid fees and get the most of out of your investment then depositing your funds from Coinbase to GDAX is the way to go. In this guide I’ll show you how to Transfer from Coinbase to GDAX in just five minutes.
How to Transfer from Coinbase to GDAX: 5 Steps
Step 1: Jump into your GDAX and you will see a Deposit or Withdraw button which is on your top left hand corner. See it?
Step 2: Sweet! Now tap on Deposit and you will see a pop up to Deposit Funds. All you have to do is just choose the Coinbase Account tab since you’re transferring from your Coinbase to your GDAX.
Step 3: You’re almost done! Now choose a Coinbase wallet as your Source of funds. (the wallet on Coinbase that you want to transfer from to your GDAX).
Step 4: Next, enter the Amount of funds you would like to transfer.
Step 5: Finally, hit Deposit funds.
That’s it! 🙂
Your funds will be transferred from the wallet that you chose (on Coinbase) to your GDAX account.
Share this guide with anyone, your crypto-mates or your family and help them get started with GDAX so that they can avoid fees and make the most out of their crypto-investments.