UPDATE 13 January 2021: GBX Digital Asset Exchange has been sold to the Australian based crypto exchange Mine Digital. The new operations will not be conducted under the name of GBX Digital Asset Exchange. Accrodingly, in order to avoid confusion for our visitors, we have marked this exchange as dead in our database and moved it to our Exchange Graveyard.
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GBX Digital Asset Exchange Review
A trading cryptocurrency guide must provide reviews of all of the top crypto exchanges out there, so that you can find the best cryptocurrency exchange site for you. This review of GBX Digital Asset Exchange consists of four parts: general information, fees, deposit methods and security.
GBX Digital Asset Exchange is the only cryptocurrency exchange that we know of that is based in Gibraltar. It supports trading primarily in Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic and Litecoin.
As far as we can tell, GBX Digital Asset Exchange does not prohibit US-investors from trading there. Accordingly, we do believe that it is open to US-investors as well. Any US-investors interested in trading here should in any event form their own opinion on any issues arising from their citizenship or residency.
As its main advantages, the platform promotes four things: robust security, superior technology, commited client support and deep liquidity.
While we can have no objections to the advantages robust security, superior technology and committed client support, the “deep liquidity” advantage is easier to confirm or reject in an objective manner. On the day of first writing this review (20 November 2018), the exchange had a 24 hour trading volume of USD 16 million placing it on no. 73 of all exchanges in the world according to Coinmarketcap. However, on the date of last updating this review (23 March 2020, right in the middle of the crisis with COVID-19), netiher Coinmarketcap nor CoinGecko had any information at all on GBX's trading volume. This is quite odd and definitely a warning sign that the exchange might be closing down its operations.
GBX Digital Asset Exchange Trading View
Different exchanges have different trading views. And there is no “this overview is the best”-view. You should yourself determine which trading view that suits you the best. What the views normally have in common is that they all show the order book or at least part of the order book, a price chart of the chosen cryptocurrency and order history. They normally also have buy and sell-boxes. Before you choose an exchange, try to have a look at the trading view so that you can ascertain that it feels right to you. The below is a picture of the trading view at GBX Digital Asset Exchange:
GBX Digital Asset Exchange Fees
GBX Digital Asset Exchange Trading fees
This exchange doesn’t charge different fees between takers and makers. Their fee model is instead something called a “flat fee model”. The flat fee here is 0.15%. Industry average is generally considered to be 0.25%, so the trading fees at GBX Digital Asset Exchange are 40%.
Finally, it should be noted that many exchanges have trading fees that are reduced as volumes are increased, meaning that you are incentivized to trade in higher volumes. The fees listed in this review and in the comparison table are excluding any such volume discounts.
GBX Digital Asset Exchange Withdrawal fees
When you withdraw BTC at this exchange, the withdrawal fee is 0.0005 BTC. As the global industry average is 0.0008 BTC, also GBX’s fees here are indeed competitive.
GBX Digital Asset Exchange offers wire transfer as a deposit method, but you can’t deposit via credit card. For anyone wishing to stack up membership rewards points or use there credit card for any other reason, it will accordingly not be possible here. To find an exchange where credit card deposits are possible, you can always use our Exchange Finder or use the filters in our Cryptocurrency Exchange List.