As a user of both, I'm excited that Coinbase finally has a competitor. The fees alone on Coinbase, not to mention transfer times, are getting too ridiculous in my opinion.
It supports both Market Orders and Limit Orders. Transfers from GDAX to Coinbase are instantaneous and off-blockchain, so there are no fees.
As a bonus fun fact, if you transfer BTC from GDAX to your personal wallet, there is no Bitcoin network fee charged to you. However, if you use Coinbase, you'll end up paying a lot more in fees than you must because Coinbase uses very inefficient fee-estimation systems and still haven't deployed SegWit or batching which would reduce network fee for their customers.
I have a coinbase account that I can buy with but I am stuck at the verification stage on gdax..
Not sure about GC, but it's quite common to have either a driver license or a non-driver license state ID. It might even accept Real ID which is something you can get through DMV. If you live in the U.S. I highly recommend have a state-issued ID (Real ID would be a wise one at this point for future domestic traveling).
I’m renewing my drivers license next month so this problem will go away. Just letting others on hn know as you can be stuck in a verification queue for a long time.
Coinbase/GDAX has been gone down a few times but not at the frequency/duration I experienced with Kraken, YMMV.
Trading view is by far the best to check out a coin, see its indicators etc imo.
Still I think it's good to diversify your funds over various exchanges, just in case of a hack.
On first glance, it seems to fall into the category of "not-intimidating" along with the previously mentioned markets. The point i was trying to illustrate was that there are many laces on the web that skew much more towards LocalBitcoins or the like*.
A lot of these kind of sketchy sites have been stomped out in the frenzy that was the Bitcoin Bubble, being replaced by these more legitimate - at least at first glance - sites.
As more scandals like Mt. Gox etc arise, however, trust in the currency - and random places on the internet to buy and sell said currency - will drop, leaving only those more "reputable" and known brands like Coinbase and Robinhood behind.
Then I got good news for you! the RobinHood app's transfer times are infinite, because you can't transfer the coins out :).
They never let you hold the bitcoin--all buys/sells take place on their system. I imagine they did this to avoid a lot of challenges that come with being able to transfer coins out.
Refer: https://ibb.co/dHNENc
Also the base price is more expensive than gdax (also owned by coinbase).