Making A Wire Transfer Into G-Dax
I have been contacted recently by a few people who are wondering how exactly to do a wire transfer into G-Dax. By now you should know that G-Dax is a break off from coinbase that is more like an exchange. The one thing you may not have known is that the fees are less. Why? I don’t know to be honest but we like it :D.
If you have tried to get money into crypto you know that getting money into gdax and Coinbase can be a hassle. If you use a bank account the deposit can take days. If you use a credit card instant buy on Coinbase the fees are high.
So for a large sum of money, and large can be different from person to person, use a wire transfer. Your money can then be in the same day if sent before cut off times.
First log into gdax.com.
Click Deposit ^^^^^^ 😀
Make sure the Bank Wire tab is selected at the top. Then copy down all the info to send the wire to. Make sure to include the Recipient Instructions/Message. This is very important. I did not include that the first time and it slowed my wire transfer down by a few days.
The wire transfer can save you a lot of time and money in fees. There is usually a fee with your bank but sometimes that can be waived. Gdax has a $10 fee as well. If the amount of money you are purchasing with is large, the fees are usually less this way.
If you are looking at getting money in instantly I would recommend using coinbase. After making so many deposits in coinbase you get access to instant ACH deposits.
Hope this helps and give us a shout if you have any questions!