Gopax Review
Gopax is a cryptocurrency exchange based in South Korea. The company was founded in 2014 and is one of the country’s leading exchanges. Gopax offers trading in a variety of cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Ripple. The exchange is regulated by the Korean government and has built up a solid reputation among traders.
One of the key advantages of trading on Gopax is the platform’s security. The exchange uses state-of-the-art security measures, including two-factor authentication and cold storage for all user funds. In addition, Gopax is one of the few exchanges that offer insurance for user funds.
Another advantage of Gopax is its low fees. The exchange charges a 0.25% fee on all trades, which is significantly lower than the industry average. In addition, Gopax does not charge any deposit or withdrawal fees.
One potential downside of Gopax is its limited selection of cryptocurrencies. While the exchange offers trading in some of the major coins, it does not list all available coins. This may be off-putting to some traders who are looking for a more comprehensive selection.
Overall, Gopax is a reliable and secure cryptocurrency exchange with low fees and a good reputation among traders. However, its limited selection of coins may be a drawback for some users.
Gopax.co.kr Regulations
Gopax.co.kr is a South Korean cryptocurrency exchange that offers its users a platform to buy and sell digital assets including Bitcoin, Ethereum, Litecoin, and more. The exchange is one of the most popular in the country with over 200,000 registered users and counting.
In order to ensure the safety of its users, Gopax.co.kr has implemented a number of regulations that all traders must adhere to. Some of these regulations include:
-All trades must be made through the Gopax.co.kr website or mobile app only. Trades made through third-party websites or apps will not be recognized or honored by the exchange.
-All traders must verify their identity and contact information before they are allowed to make any trades on the platform.
-The minimum trade size is 0.001 BTC (or equivalent). There is no maximum trade size limit.
-Traders are allowed to withdraw a maximum of 10 BTC (or equivalent) per day from their account. Withdrawals above this amount will need to be approved by Gopax customer service.
Gopax Platforms
The Gopax platform is available in both English and Korean. The platform is web-based and also has a mobile app.
The main features of the Gopax platform are:
1. Real-time market data
2. Multiple order types
3. Margin trading 4. Detailed charting tools 5. API access
Gopax also offers a demo account so that users can try out the platform before they commit to trading with real money.
Pros and Cons of Gopax
Gopax is a South Korean cryptocurrency exchange launched in October 2017. The company is headquartered in Seoul and is one of the country’s leading exchanges. Gopax offers trading in a wide range of digital assets including Bitcoin, Ethereum, Litecoin, Ripple, and more. The exchange is designed for both novice and experienced traders with a user-friendly interface and advanced features such as margin trading.
One of the main advantages of using Gopax is that the exchange is highly regulated. South Korea has some of the strictest cryptocurrency regulations in the world and Gopax complies with all applicable laws and regulations. This provides users with peace of mind knowing that their funds are safe and that trades are conducted in a fair and transparent manner.
Another advantage of Gopax is that the platform offers a wide range of features and tools for both novice and experienced traders. For example, margin trading allows users to trade with leverage, which can potentially lead to higher profits. However, it also comes with increased risk so it’s important to only use this feature if you are confident in your trading skills. There are also numerous charting tools available on the platform which can be used to perform technical analysis on digital asset price data.
One potential disadvantage of using Gopax is that the fees charged by the exchange are relatively high when compared to other exchanges. For example, maker fees range from 0.1% to 0.3% while taker fees
Gopax Trader Ratings
Gopax has been operational since 2016 and is one of the leading cryptocurrency exchanges in Korea. The platform is known for its user-friendly interface, advanced trading features, and support for major digital assets.
In this Gopax review, we will take a look at the platform’s regulation, fees, security, platforms, pros and cons, and traders ratings.
Regulation: Gopax is a regulated exchange with a license from the Korea Financial Intelligence Unit (KFIU). The platform follows strict anti-money laundering (AML) and know-your-customer (KYC) guidelines.
Fees: Gopax charges a 0.2% trading fee on all trades. There are no deposit or withdrawal fees.
Security: Gopax employs state-of-the-art security measures to protect user funds. The platform uses 2FA for account login and offers cold storage for offline asset protection.
Platforms: Gopax supports trading on its web-based platform and mobile app. The platform is user-friendly and offers advanced features such as margin trading and order types.
Pros: Regulated exchange; Support for major digital assets; User-friendly platform; Advanced trading features; Low fees.
Cons: Limited payment options; No credit/debit card support.
Conclusion
Overall, Gopax.co.kr is a reliable and safe trading platform that offers a great user experience. The platform is easy to use and navigate, and the customer support team is responsive and helpful. However, there are a few downsides to using the platform, such as the lack of regulation and the high fees charged for certain services. Overall, Gopax.co.kr is a good option for those looking for a reliable and user-friendly trading platform.