Gdac.com Crypto Exchange Review: It Is Good Or Bad?

About Gdac.com

Gdac.com (GDAC) | CEO Han Seung -hwan 3F, Ikseong Bldg., 6 Bongeunsa-ro 112-gil, Gangnam-gu, Seoul Business registration number 549-88-00819 | Fax number 02-554-6444 Virtual asset business registration number 2021-04. GDAC is always a step ahead in providing new, innovative, and diverse investment opportunities for digital asset transactions.

Gdac Crypto Exchange is a South Korean centralized cryptocurrency exchange. It has been active since 2018. (not to be confused with GDAX, the previous name of Coinbase Pro) seems to be a very solid and legit exchange. On its website, it clearly states its registered address, the company behind it and its representative and company registration number. From what they have heard, customer service is doing an excellent job and security is taken very seriously.

Furthermore, this trading platform supports trading in a large number of cryptocurrencies. This is of course another advantage for its users.

Gdac.com Crypto Exchange Basic Points

Exchange Name	Gdac.com
Language	English
Withdraw Fee	0.001
Deposit Fees	Free
Easy To Use	Yes
Security	High
Maker Fee	0.04%
Taker Fee	0.04%
Support	24/7
Customer Support	Available At Ticket & Live Chat
Official Site	Homepage

How To Start ?

How To Sign Up At Gdac.com Exchange?

It Is Very Easy To Sign Up At Exchange . Just Click On Sign Up Button At Website .Fill Registration Form With Correct Details Like Your Email , Phone Number , Password Etc . Once You Fill All Data You Get Verification Link At Your Email . Just Verify Your Link For Successfully Verification.

How To Deposit Fund At Gdac Exchange ?

Once your account has been verified, click on the ‘DEPOSIT’ button, which you’ll find at the top right-hand side of the screen. Choose which currency you want to deposit and then you will be provided with the Wallet details that you need to transfer the funds to .

How To Trade At Exchange ?

Once your account is funded, you can then begin day trading at Valr. Click on the ‘TRADING’ button at the top of the screen, and you will be taken to the main trading area. You now need to select the trading pair that you want to trade. Finally, enter the amount that you want to buy, decide whether you want to do a ‘market order’ or ‘limit order’, and then place your trade.

How To Withdraw At Gdac Exchange ?

Withdrawing your funds from Swipe is very easy. Go to the “Withdraw” window, select the asset you want to take out and fill all the required fields. Note that you won’t be able to withdraw currencies if you haven’t secured your account with 2FA and/or whitelisted addresses.

GDAC Trading fees

Many exchanges charge what we call taker fees, from the takers, and what we call maker fees, from the makers. The main alternative to this is to simply charge “flat” fees. Flat fees mean that the exchange charges the taker and the maker the same fee. The global industry average is arguably somewhere around 0.25% per order.

But what does GDAC charge? GDAC charges a flat fee of 0.04%. This is a very competitive trading fee.

GDAC Withdrawal fees

Another fee to consider before choosing which exchange to trade at is the withdrawal fee. The withdrawal fee is usually fixed (regardless of the amount of cryptocurrency units withdrawn), and varies from cryptocurrency to cryptocurrency. For BTC-withdrawals, this exchange charges 0.001 BTC. This is slightly above the global industry average of approx. 0.0008 BTC.

Gdac Crypto Exchange then again, the difference between this exchange’s BTC-withdrawal fee and the global industry average withdrawal fee is 0.0002 BTC (which at the date of first writing this review, 16 January 2019, was roughly USD 0.73), so maybe it doesn’t bother the traders that much…

Digital asset name	Minimum withdrawal amount	Withdrawal fee	Deposit confirmation	1 withdrawal limit	1 day withdrawal limit
Argo	AERGO	72	240	12	5,000,000	5,000,000
anchor protocol	ANC	One	30	12	10,000	100,000
Cosmos Atom	ATOM	0.46	0.4	One	80,000	80,000
ryzen	ATOLO	30	880	One	1,300,000	1,300,000
bitcoin cash	BCH	0.0064	0.015	4	1,000	1,000
Boa	BOA	42	180	12	5,000,000	5,000,000
box	BOX	10	1,300	10	500,000	500,000
bitcoin	BTC	0.0003	0.001	One	50	50
Cosmo Coin	COSM	302	300,000	20	100,000,000	100,000,000
Ethereum Classic	ETC	0.31	0.02	12	40,000	40,000
Ethereum	ETH	0.012	0.02	12	500	500

Deposit Methods

At GDAC, you can deposit fiat currency via bank transfer. Accordingly, this exchange is what we call an “entry-level exchange”. However, as for most South Korean-exchanges, only KRW-deposits are available (not EUR or USD).

You can’t deposit via credit card, but this alternative might be available in the future.