laredotornado
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What exchange does Coinbase use?

Tue Jul 18, 2017 6:49 pm

HI,

Recently created myself an account on Coinbase. Still trying to come to grips with all this stuff works but one thing I was having a hard time figuring out is what exchange does Coinbase get its Bitcoin? This four year old thread suggests Bitsstamp -- https://bitcoin.stackexchange.com/quest ... coins-from , but then I've read other things that suggest Coinbase is using the GDAX exchange. Does anyone know for sure?

- Dave

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BitcoinNewsMagazine
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Re: What exchange does Coinbase use?

Tue Jul 18, 2017 8:04 pm

Coinbase runs their own exchange called GDAX trading bitcoin, litecoin and ether. If you have a Coinbase account you automatically have an account at GDAX. You may have lower limits at GDAX as their KYC/AML is a bit different than Coinbase. You might need to supply extra ID to get high limits at GDAX. When logged in to your Coinbase account open another window for GDAX and see for yourself.

dianadsouza
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Re: What exchange does Coinbase use?

Tue Aug 01, 2017 2:02 pm

Thanks for posting, I beginner to this field it was very helpful for me.

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Re: What exchange does Coinbase use?

Wed Sep 20, 2017 4:26 am

HI,

Recently created myself an account on Coinbase. Still trying to come to grips with all this stuff works but one thing I was having a hard time figuring out is what exchange does Coinbase get its Bitcoin? This four year old thread suggests Bitsstamp -- https://bitcoin.stackexchange.com/quest ... coins-from , but then I've read other things that suggest Coinbase is using the GDAX exchange. Does anyone know for sure?

- Dave
Coinbase gets their Bitcoin from buying it from anyone who wants to sell it for US dollars.

Moreover, I believe that Coinbase and GDAX are essentially the same company. Coinbase is the user friendly version (anyone can handle it because it's so simple) while GDAX is the advanced version.
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BayAreaCoins
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Re: What exchange does Coinbase use?

Wed Sep 20, 2017 7:55 am

You should cancel your Coinbase account right away and switch to Gemini.com.

Gemini offers free wires and all types of cool stuff.
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Re: What exchange does Coinbase use?

Thu Sep 28, 2017 11:02 am

Hello,

Thanks for sharing the information about the coin based exchange it will be very useful for the beginners.

OneChain
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Re: What exchange does Coinbase use?

Thu Sep 28, 2017 11:11 am

They have their own exchange GDAX
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