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Comment by farrelljohn | Hacker News Reader

Would you recommend GDAX over an alternate such as Kraken?

Kraken has gotten better since their big rewrite (just this year), but it's still not as great as other options (like GDAX). It is better than it was though. Also, Kraken has margin trading (and shorting), and GDAX doesn't (if you want to use those tools).

I tried using Kraken a few months ago and their website was down frequently and the crypto withdrawal functionality was also frequently not working/unavailable.

Coinbase/GDAX has been gone down a few times but not at the frequency/duration I experienced with Kraken, YMMV.

Agreed. Kraken has been terribly unstable. What about Gemini, any thoughts on that exchange?

Gemini is ok, but less volume than GDAX and I'm not sure they have a free type of orders. Also Gemini's interface is personally less interesting for day trading. But to that point GDAX's graphing interface is a bit odd and represents data differently than say trading view.

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.

Doesn’t Gemini have an advantage to gdax in the way funds transfers work? A friend was telling me about this but I have yet to try it, I’m still in a queue to be verified for Gemini.

Kraken did a massive upgrade so it doesn't have issues like it used to. People haven't come back yet however, and the spread is pretty bad. It's the only exchange I've found to support margin trading and shorting for US customers which is why I went back.

It's a lot better now after the recent upgrade. It also remains the only usable option for CAD funds.

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