20,0%
Top 3
10,0%
Top 5
7,0%
Top 10
5,0%
Top 20
1,0%
Top 40
0,5%
Top 100
0,2%
Top 100+
0,05%
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GDAC Review 2024
Minimum
deposit:
deposit:
- $1
Trading platform:
- TradingView
Minimum
deposit:
deposit:
- $1
Trading platform:
- TradingView
Trading features:
- There is only KRW of the fiats, the most popular cryptocurrencies and coins are traded on the exchange
- the website is characterized by stability and high-speed transactions, there is staking, and there is no referral program
Summary of GDAC Crypto Exchange
GDAC is a cryptocurrency exchange with higher-than-average risk and the TU Overall Score of 3.23 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by GDAC clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work. GDAC ranks 109 among 173 companies featured in the TU Rating, which is based on the evaluation of 100+ criteria.
The GDAC cryptocurrency exchange is among the leaders in the South Korean market. The website is fast and stable. The trading terminal is intuitive and easy to understand. Trading and transaction fees are significantly lower than those of its leading competitors, and staking fees are also below average. The website operates within the framework of regional financial laws and has an Information Security Management System (ISMS) certificate. The platform is equally convenient for experienced and novice traders, and it is also suitable for investors, as it offers interest-bearing deposits in blockchain projects. There are no alternative options for passive earnings. Traders from all over the world trade use the exchange because there are no restrictions for residents from other regions.
NOTE!
If you are planning to trade cryptocurrencies, and not just keep your savings in crypto wallets, we recommend that you choose one of the top brokers with reliable regulation and access to trading crypto CFDs. This type of trading will help you avoid holding your cryptocurrency in e-wallets of exchanges, which quite regularly get hacked. Also, availability of leverage will allow you to trade crypto CFDs for amounts much higher than your deposit.
Traders Union experts recommend considering Top 3 companies from our rating:
Editorial Note: We are unable to verify the validity of reviews and publish all reviews, both positive and negative,
in accordance with the
Users Reviews Policy.
The GDAC cryptocurrency exchange is owned by Peertec, the well-known South Korean company, which is a regional standard-bearer in blockchain solutions and development. The exchange has implemented a range of proprietary techniques in the field of optimization and security. Exchange and OTC trading are available for cryptocurrency-to-cryptocurrency and cryptocurrency-to-fiat pairs. Bitcoin (₿), Ethereum (Ξ), Tether (₮), Ripple, and other assets are representative of cryptocurrencies and tokens. Only the South Korean won (₩) is represented by fiat. Trading is carried out through a browser terminal such as TradingView, and there is no mobile application. There is no minimum deposit and no leverage. In addition to trading itself, clients of the exchange can earn contributions to third-party blockchain projects. Therefore, the website can be recommended not only for active traders but also for investors. Trading commissions are below the market average, namely, 0.2% for taker and maker.
| 💰 Account currency: | Cryptocurrencies, KRW (₩) |
|---|---|
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | No |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies, KRW (₩) |
| 💹 Margin Call / Stop Out: | No |
👍 Advantages of trading with GDAC:
- You can trade all the most popular cryptocurrencies and their tokens on the exchange as well as South Korea won.
- the website implements modern security methods for user information and customer funds;
- The trading terminal is characterized by transactions with high stability and great speed;
- several methods of depositing and withdrawing funds are available, including the increasingly popular KakaoPay system;
- the exchange offers a staking option with interest payments up to 7-9% per annum and with a commission of no more than 10% of the client's income;
- The exchange has solid technical support assisted by an online chat system that operates twenty-four seven.
👎 Disadvantages of GDAC:
- there are no other fiats besides the South Korean won;
- there is no referral program or extra passive earnings methods;
- there are no specialized solutions for novice traders (for example, demo accounts, etc.).
Evaluation of the most influential parameters of GDAC
Geographic Distribution of GDAC Traders
Popularity in
97.6%
KR
0.4%
Others
User Satisfaction i
19 comments
Total score:
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Expert Review of GDAC
The GDAC cryptocurrency exchange is officially registered and its licensing data is publicly available. The headquarters is located in Seoul. The company operates within the framework of South Korea’s financial laws, and there is no evidence of fraud, open lawsuits involving the exchange, or unresolved conflicts with its clients.
The website offers exchange and OTC trading in major cryptocurrencies and tokens. The exchange issued its GT token to stimulate the development of its own infrastructure. It is actively traded, but at the moment it doesn’t provide any advantages. The exchange has an open listing, and everyone can apply for the inclusion of their favorite coin into the asset pool.
Novice traders are attracted by the lack of a minimum deposit and the standard TradingView browser. Experienced traders prioritize high trading volumes and below market average commissions. Trading commissions are fixed for takers and makers and do not depend on trading volumes, which is a rarity in the modern market and this shall be considered an advantage.
Of the disadvantages, there is only the lack of another fiat besides the South Korean won. The choice of staking programs is limited even though this is the only opportunity for passive earnings on the site. There are no referral programs. But sometimes, the exchange holds contests with payments in cryptocurrency. The only constructive flaw identified by the experts is the lack of an app for mobile trading.
Tests on the website show a high degree of stability. The technical support did not reveal any weak points because the support team works promptly and professionally via online chat and email.
Latest GDAC News
11.04.2023
Korean cryptocurrency exchange GDAC has been attacked by hackers who managed to seize digital currencies worth $13 million, which is about 23% of the total
Dynamics of GDAC’s popularity among
Traders Union’s traders, according to 2023 data
Investment Programs, Available Markets, and Products of the Crypto Exchange
The cryptocurrency exchange offers only one type of investment program – staking. This functionality is called "Delegation". An exchange client can transfer part of his funds as an investment to a third-party blockchain project and get regular interest payments in return. The exchange acts as an intermediary, charges a commission from the client's income in the amount of 7-10% (other percentages are possible, depending on the selected asset).
Payments for programs are on average 7-9% of the size of the deposit. The deposit is not frozen on the investor's account; it can be withdrawn in part or in full at any time when trading or withdrawal from the site. However, in this case, the income is proportionally reduced.
At the moment, two programs are active with ATOM and LUNA coins. The ATOM interest rate is 7% per annum. As insurance, the cryptocurrency exchange has formed a fund of 10,000 ATOMs to compensate investors for losses if an unforeseen situation occurs. There is no such fund for LUNA, but the interest rate is higher. Rates are updated regularly to reflect the current market conditions.
Important!
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
GDAC’s affiliate programs:
The cryptocurrency exchange doesn’t offer referral (affiliate) programs. Traders can only profit from buying and selling cryptocurrencies and coins. Staking solutions are available for passive earnings.
Many experts consider the absence of a referral program as an advantage of the site, which thus declares a stable and progressive position since it doesn’t need to further stimulate the increase of new customers.
Trading Conditions for GDAC Users
To start trading on the GDAC, register on the exchange's official website (available in Korean, Chinese, and English). After registration, go through the standard verification procedure (verify personal data confirmation). There is no minimum deposit, you regulate your own financial policy. However, there are minimum established limits for trading and there are also withdrawal limits. The exchange doesn’t provide leverage, so you can only rely on your own capital when trading. There are two ways to contact technical support – by email and online chat. Both channels work without breaks and weekends.
$1
Minimum
deposit
1:1
Leverage
24/7
Support
| 💻 Trading platform: | In browser, based on TradingView |
|---|---|
| 📊 Accounts: | Standard |
| 💰 Account currency: | Cryptocurrencies, KRW (₩) |
| 💵 Replenishment / Withdrawal: | Bank accounts, electronic and cryptocurrency wallets |
| 🚀 Minimum deposit: | No |
| ⚖️ Leverage: | No |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Spread: | Market |
| 🔧 Instruments: | Cryptocurrencies, KRW (₩) |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | No |
| ➕ Affiliate program: | No |
| 📋 Orders execution: | n/a |
| ⭐ Trading features: | There is only KRW of the fiats, the most popular cryptocurrencies and coins are traded on the exchange; the website is characterized by stability and high-speed transactions, there is staking, and there is no referral program |
| 🎁 Contests and bonuses: | Yes |
Broker comparison table of trading instruments
| GDAC | Bybit | MEXC | Binance | Lbank | KuCoin | |
| Forex | No | No | No | Yes | No | No |
| Metalls | No | No | No | No | No | No |
| Crypto | Yes | Yes | Yes | Yes | Yes | Yes |
| CFD | No | No | No | No | No | No |
| Indexes | No | No | No | No | No | No |
| Stock | No | No | No | No | No | No |
| ETF | No | No | No | No | Yes | No |
| Options | No | No | No | No | No | No |
GDAC Commissions & Fees
Information
Customers are charged a fee for each trade on the GDAC cryptocurrency exchange. Commissions for fiats and cryptocurrencies are fixed at 0.2% of the transaction amount. They are equal for taker and maker and are not affected by the assets involved in the trade or the direction or the amount of the trade. There are no trading levels on the exchange, that is, the client's total trading volume doesn’t affect the commission, either.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard | 0.2% per application | Yes |
The exchange doesn’t charge commission fees for depositing funds, regardless of the deposit channel used (however, a commission may be charged by third-party services that the client uses). Withdrawal fees differ for each asset, as do the applicable limits. For example, an exchange client cannot withdraw less than ₿0.0064, and the withdrawal fee is ₿0.01. For ATOM, the minimum withdrawal amount is 0.46 ATOM, and the commission is 0.3 ATOM.
| Broker | Average commission | Level |
| GDAC | $0.2 | Medium |
| Bybit | $20 | High |
| Bitfinex | $0.1 | Low |
Contacts
| Foundation date | 2014 |
| Registration address | Peertech Co., Ltd. (GDAC) | CEO Han Seung - hwan 3F, Ikseong Building, 6 Bongeunsa-ro 112-gil, Gangnam-gu, Seoul |
| Official site | https://www.gdac.com/ |
| Contacts |
Email:
support@gdac.com,
|
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FAQs
Do reviews by traders influence the GDAC rating?
Any review can raise or lower the rating of any broker in the general list of brokers. To read reviews about GDAC you need to go to the broker's profile.
How to leave a review about GDAC on the Traders Union website?
To leave a review about GDAC, register on the Traders Union website or you can also leave a review through Facebook.
Is it possible to leave a comment about GDAC on a non-Traders Union client?
Anyone can leave feedback about GDAC on multiple participating clients; however, Traders Union clients also receive additional payments later for working with any broker listed at the Forex market.
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