According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $10
- Proprietary platform
- Investment programs are available
Our Evaluation of GOPAX
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
GOPAX is a high-risk cryptocurrency exchange with the TU Overall Score of 2.7 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by GOPAX clients on our website, Traders Union expert Anton Kharitonov does not recommend working with this broker, as, according to reviews, most clients are not satisfied with the broker.
The GOPAX cryptocurrency exchange opens access to the toolkit only after the client passes the verification process. To perform verification, you need to upload documents. The duration of identity verification depends on the workload of the managers and the GOPAX servers.
Brief Look at GOPAX
GOPAX is a digital asset exchange founded by the Streami Inc. tech company in 2017. The cryptocurrency exchange is officially registered in Korea with offices in Korea, Hong Kong, and Denver. Its license number is 432-87-00120.
Within a relatively short period, the exchange has gained an audience of more than 376 thousand traders, which has provided it with a confident position in the list of the Top 10 Exchanges in the World. GOPAX is a centralized exchange for trading digital assets, which means that there is supervision from the state and global regulatory authorities.
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- possession of an official license no. 432-87-00120 confirming that its financial activities are legal;
- the ability to trade various cryptocurrency pairs;
- optimal commission costs;
- the possibility of personal trading, i.e., working with experienced traders who select transactions that keep the client nearly always in the black;
- daily update of the markets;
- verification can be completed on the website without the need to download the mobile app;
- centralization — every transaction will be tracked by the regulator;
- deep liquidity;
- rapid regulation of markets.
- the website has poor support for languages other than Korean;
- without mandatory verification, it will not be possible to make a deposit or withdraw earned funds;
- there are strict rules for using the exchange, and non-compliance may result in the trading account being blocked for an indefinite period.
TU Expert Advice
Author, Financial Expert at Traders Union
GOPAX provides a cryptocurrency exchange service, operating primarily through a proprietary platform where users can trade various digital assets, including Bitcoin and Ethereum. The platform supports trading with a minimum deposit of $10 and offers competitive spot trading fees up to 0.04%. Additionally, GOPAX offers varied investment programs with high weekly yields and allows fiat transaction support in USD, focusing on deep liquidity and fast market updates.
Despite its offerings, GOPAX presents certain drawbacks. The exchange has limited language support predominantly in Korean and requires mandatory verification, which may inconvenience some users. Its regulatory oversight is minimal, as it is not Tier-1 regulated or overseen by the U.S. For traders prioritizing extensive asset availability and stronger regulatory frameworks, GOPAX may not be ideal, but it could suffice for those focusing on basic crypto transactions.
GOPAX Summary
| 💻 Trading platform: | Proprietary platform based on TradingView |
|---|---|
| 📊 Accounts: | Standard, P2P platform |
| 💰 Account currency: | USDC, KRW |
| 💵 Deposit / Withdrawal: | Bank card, credit cards, P2P cryptocurrency exchange, and third-party services |
| 🚀 Minimum deposit: | $10 |
| ⚖️ Leverage: | 1:1 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | From 0 |
| 💱 Commission: | Spot: 0%-0,04% |
| 🔧 Instruments: | Cryptocurrencies, USDC, KRW |
| 💹 Margin Call / Stop Out: | No |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | N/a |
| ⭐ Trading features: | Investment programs are available |
| 🎁 Contests and bonuses: | Offered regularly |
The GOPAX cryptocurrency exchange offers low commissions of up to 0.040% on average. But commission costs can be further reduced by registering as a trader using the "Trader" section on the exchange’s website.
GOPAX Key Parameters Evaluation
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Regulation and safety
With a 5.25/10 score, GOPAX demonstrates a moderate level of security and regulation. While the platform meets basic safety standards, it may not offer the same level of protection as higher-rated exchanges.
- Cold wallet storage
- 2FA
- No successful hacks history
- Not tier-1 regulated
- No investor protection fund
GOPAX Security Factors
We also compared GOPAX against the top two competitors with the highest scores in our overall ranking based on the most critical security indicators.
| GOPAX | OKX | Kraken | |
| Tier-1 regulation | - | No | Yes |
| Government-regulated | No | Yes | Yes |
| Investor protection fund | No | Yes | No |
| 2FA | Yes | Yes | Yes |
| Facial recognition | No | Yes | No |
| Cold wallet storage | Yes | Yes | Yes |
| Successful hacker attacks | No | No | No |
Is GOPAX a regulated crypto exchange?
GOPAX is not currently regulated by any government authority, which is still a common occurrence in the cryptocurrency industry. While this doesn't automatically mean GOPAX is unreliable, government-regulated exchanges are generally considered more reliable due to the added oversight and client protection they offer.
Is verification (KYC) mandatory at GOPAX?
Yes, KYC verification is mandatory at GOPAX. You will need to complete the verification process before you can open an account and access the platform's full range of services.
In which countries is GOPAX available?
GOPAX complies with international sanctions and regional restrictions. Services are limited or unavailable in the following countries: Ukraine, India, Spain, United Kingdom, Nigeria, Malaysia, South Africa, Australia, Canada, Pakistan, Philippines, Israel, Cyprus, Sweden, Latvia, Romania, Portugal, Switzerland, Netherlands, Singapore, Indonesia, Kenya, UAE, Iran, Islamic republic, Turkey, France, Bangladesh, Thailand, Italy, Egypt, Poland, Sri Lanka, Belgium, Norway, Saudi Arabia, Brazil, Vietnam, Czech Republic, Greece, Japan, Uganda, Ghana, Morocco, Finland, Bulgaria, Algeria, Azerbaijan, Estonia, Argentina, Peru, Austria, Chile, China, Mexico, Denmark, Germany, Kazakhstan, Uzbekistan, Colombia, Moldova, Kyrgyzstan, Venezuela, Lithuania, Ireland, Slovakia, Georgia, Tajikistan, Armenia, Hungary, Bahrain, Palestine, Jordan, Iraq, Qatar, Kuwait, Lebanon, Libyan Arab Jamahiriya, Oman, Syrian Arab Republic, Tunisia, Yemen, Botswana, Tanzania, United Republic Of, Zimbabwe, Namibia, Ethiopia, Jamaica, Zambia, Hong Kong, Afghanistan, Trinidad and Tobago, Brunei, Nepal, Serbia, Somalia, Cameroon, Rwanda, Slovenia, Eswatini, Croatia, Mongolia, Burma, Montenegro, Cambodia, Taiwan, Mozambique, Madagascar, Dominican Republic, Albania, Mauritius, Puerto Rico, Cote d'Ivoire, Laos, Macedonia, Papua New Guinea, Costa Rica, Luxembourg, Malta, Ecuador, Bahamas, Haiti. For the most up-to-date information on regional availability, please contact GOPAX support.
Is GOPAX available in the USA?
Yes, GOPAX is available in the USA. However, availability may vary by state due to local regulations. We recommend checking the official website or contacting support for up-to-date information specific to your location.
GOPAX commissions and fees
GOPAX received a 7.75/10 score for its trading fees. While GOPAX is not the cheapest crypto exchange, the fees remain reasonable and competitive within the market.
- Spot fee below industry average
- No deposit fee
- Withdrawal fee may be applied
- P2P fee applied
What are GOPAX trading fees?
We analyzed GOPAX’s crypto fees and compared them to the top two competitors, both of which hold high average positions in our rankings. To establish a comprehensive benchmark, we also calculated the average fee score based on an evaluation of over 100 cryptocurrency exchanges.
GOPAX trading fees vs competitors
| GOPAX | Nexus Trade | Paxful | Industry average | |
| Spot, maker fee (%) | 0 | 0,22 | 0 | 0.15 |
| Spot, taker fee (%) | 0,04 | 0,22 | 0 | 0.194 |
What are GOPAX deposit and withdrawal fees?
| Deposit fee, % | 0 |
| Withdrawal fee, % | 0,0005 BTC 0,01 ETH |
Does GOPAX offer P2P trading?
No, GOPAX does not support P2P transactions. However, you can explore the best alternatives in our dedicated list of top P2P exchange platforms, offering a variety of secure options for peer-to-peer transactions.
Deposit and withdrawal
GOPAX received a 4/10 rating for its deposit and withdrawal services. GOPAX offers limited funding options and may charge fees, which could be inconvenient for many users.
- Many cryptocurrencies for deposits and withdrawals
- Bank transfers for deposits and withdrawals
- No deposit fees
- No support for bank card payments
- Withdrawal fee applies
Deposit and withdrawal options
GOPAX supports the following deposit and withdrawal options: Bank transfers, Crypto.
GOPAX Deposit and withdrawal options vs competitors
What is GOPAX minimum deposit?
The minimum deposit at GOPAX is 10 USD/USDT or 0,0001 BTC. The minimum trade size is 10 USD/USDT, which also serves as the minimum amount required to start trading on the platform.
GOPAX minimum deposit vs competitors
| GOPAX | OKX | Kraken | |
| Minimum deposit, USD or USDT | 10 | 10 | 10 |
| Minimum deposit, BTC | 0,0001 | 0,0005 | 0,0001 |
| Minimum trade amount, USD/USDT | 10 | 0,00001 | 1 |
Does GOPAX support fiat money?
GOPAX supports fiat currency trading and account funding. The following fiat currencies are accepted:
Investment Options
A feature of GOPAX crypto exchange investment programs is its high-interest rate of 5% for investments in cryptocurrencies, which is offered every week. The administration of the GOPAX cryptocurrency exchange periodically launches GOFI investment rounds (events). They allow you to earn extra money on deposits with a fixed validity period of up to 45 days with an annual rate of up to 100%.
GOFI investment program
The essence of the program lies in the use of fixed and savings deposits in cryptocurrency. The GOPAX cryptocurrency exchange provides both high-yield fixed-term programs and flexible open-term investments. These are deposits that can be withdrawn to the user’s account or a cryptocurrency wallet, at any time.
At the moment, the GOPAX cryptocurrency exchange offers 10 Open Term investment programs for 7 days:
BTC — 1.75% reward in Bitcoin;
ETH — 1.75% reward in Ethereum;
BCH — 3.5% profit in BCH;
XLM — 2.5% reward in XLM;
LINK — 1.00% profit in LINK;
UNI — 1.5% reward in UNI;
AAVE — 1.00% profit in AAVE;
COMP — 1.00% reward in COMP;
SOL — 4.5% profit in SOL;
USDC — 5% reward in USDC.
It is possible to withdraw Open Term deposits at any time.
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.
GOPAX’s affiliate program
This crypto exchange program is aimed at ensuring uninterrupted liquidity. To participate in the partner program for GOPAX traders, you need to leave a request in the "Trader" section.
The affiliate program has four tiers:
Tier 1: With a trading volume over $500: the reward for the maker is 0%, and for the taker, it is 0.02%;
Tier 2: With a trading volume over $300: the reward for the maker is 0.01%, and for the taker, it is 0.03%;
Tier 3: With a trading volume from $100 and $300: the reward for the maker is 0.02%, and for the taker, it is 0.04%;
Tier 3: With a trading volume from $30 to $100: the reward for the maker is 0.03%, and for the taker, it is 0.04%;
Contacts
| Foundation date | 2017 |
|---|---|
| Registration address | Streami, Inc. 18F, 42, Olympic-ro 35da-gil, Songpa-gu, Seoul, Republic of Korea |
| Official site | https://www.gopax.co.kr |
| Contacts |
02-561-2266
|
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