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What is the process of buying Bitcoin on GDAX?

avatarmohammed tausifullahJan 29, 2022 · 3 years ago1 answers

Can you explain the step-by-step process of purchasing Bitcoin on GDAX? I'm new to cryptocurrency and would like to understand how it works on this particular exchange.

What is the process of buying Bitcoin on GDAX?

1 answers

  • avatarJan 29, 2022 · 3 years ago
    When it comes to buying Bitcoin on GDAX, the process is quite simple. First, you'll need to create an account on GDAX and complete the necessary verification steps. Once your account is set up, you can deposit funds into your GDAX account. GDAX supports both bank transfers and cryptocurrency transfers for funding your account. After your funds are deposited, you can navigate to the trading section and select the Bitcoin trading pair. From there, you can place a buy order for Bitcoin at the desired price. GDAX will execute your order if there is a matching sell order. Once your order is filled, the Bitcoin will be credited to your GDAX account. It's important to note that GDAX has a user-friendly interface and provides real-time market data to help you make informed trading decisions.