What is GoPax?
Gopax is a prominent South Korean cryptocurrency exchange that rapidly climbed the ranks to become the fifth-largest in the country since its establishment in 2016. The name itself is an acronym representing Global Online Professional Assets Exchange.
Accessibility for US Investors
While Gopax does not explicitly prohibit US investors from trading, individuals from the United States should conduct their independent assessments to address any potential issues related to their residency or citizenship.
OTC-Functionality
Gopax distinguishes itself by offering an Over-the-Counter (OTC) platform, allowing users to buy and sell cryptocurrencies outside the regular trading platform. The advantages of their OTC platform include personal trading support, market updates, deep liquidity, competitive pricing, fast settlement, and a diverse range of supported assets.
Gopax Trading Fees
In terms of trading fees, Gopax opts for a flat fee structure, charging 0.20% per trade. This competitive fee compares favorably with the global industry average, which is approximately 0.25%.
Gopax Withdrawal Fees
Withdrawal fees on Gopax are notable, with a charge of 0.002 BTC for Bitcoin withdrawals. This fee exceeds the industry average, which is typically around 0.0008 BTC per BTC withdrawal.
Deposit Methods
Gopax facilitates deposits through wire transfers and credit cards. This feature can be particularly advantageous for newer crypto investors who may not have accumulated a substantial portfolio of cryptocurrencies yet.
What are the trading fees on GoPax?
Withdrawal Fee is 0.002
Taker Fee is 0.20%
Maker Fee is 0.20%
Does GoPax offer leverage trading?
Gopax does not currently offer margin trading or leverage options.
Is GoPax safe?
While many major CEXes boast stronger firewalls than most governments, history has witnessed numerous instances where exchanges have fallen victim to hacks, resulting in the loss of customer funds. DEXes are generally safer option as you have control over your funds at all times as long as blockchain is up and running. Its all based off contract code so you can clearly look whats behind the scenes, and how their contracts work.
Does have customer support?
Almost all exchanges provide customer support, but the quality, speed and continuity of this service varies from time to time depending on the budget conditions of the companies. We recommend that you experience the support service provided by the stock exchange by asking a question to the support section on its website.
