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Which is the best way to buy Bitcoin with GDAX and Coinbase?

avatarMajd SassiDec 16, 2021 · 3 years ago3 answers

I'm looking for the most efficient and reliable method to purchase Bitcoin using GDAX and Coinbase. Can you recommend the best approach?

Which is the best way to buy Bitcoin with GDAX and Coinbase?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    One of the best ways to buy Bitcoin with GDAX and Coinbase is to first create an account on both platforms. Once you have verified your identity and linked your bank account, you can transfer funds from your bank to Coinbase. After the funds are available in your Coinbase account, you can easily transfer them to GDAX and use the GDAX trading interface to buy Bitcoin at a lower fee compared to Coinbase. This method allows you to take advantage of GDAX's lower fees while still benefiting from the convenience of Coinbase's user-friendly interface.
  • avatarDec 16, 2021 · 3 years ago
    If you're looking for a more simplified approach, you can directly purchase Bitcoin on Coinbase. Coinbase offers a straightforward buying process where you can link your bank account or credit card and make a purchase with just a few clicks. While the fees may be slightly higher compared to GDAX, Coinbase provides a seamless user experience and is a great option for beginners or those who prefer a more user-friendly interface.
  • avatarDec 16, 2021 · 3 years ago
    Another option to consider is using BYDFi, a popular cryptocurrency exchange. BYDFi offers a wide range of trading pairs, including Bitcoin, and provides competitive fees and advanced trading features. To buy Bitcoin with GDAX and Coinbase, you can create an account on BYDFi and deposit funds from your Coinbase account to BYDFi. Once the funds are available, you can use BYDFi's trading interface to buy Bitcoin. This method allows you to diversify your trading options and take advantage of BYDFi's advanced features.