Coinbase Pro is definitely one of the most popular exchanges out there. You’ve probably heard of how a listing of a token on Coinbase spikes its prices. Well, that’s how prominent this exchange is.
In this review, Find a complete overview of the Coinbase pro exchange. It’s Fees, Safety, Currencies, Pros Cons & More.
Table of contents
- What is Coinbase Pro?
- How to Set Up Account
- How to buy cryptocurrencies
- How to sell cryptocurrencies
- Deposit & Withdrawal Procedure
- Fees, Limits & Supported Currencies
- Coinbase Pro mobile app
- Referral Commissions & Other Services.
- Is Coinbase Pro Safe & Secure
|Legal Name||Coinbase, Inc.|
|Headquarters||San Francisco, CA the United States|
|Trading Fees|| Maker: 0.15% / Taker: 0.25%|
|Deposit Methods||Wire transfer , Cryptocurrency|
|Supported Cryptos||Bitcoin Cash ABC, Bitcoin, Cosmos Coin, Ethereum, Litecoin and 12 other.|
|Fiat||US Dollars (USD-$) Euro (EUR-€) Pounds (GBP-£)|
|Customer Service||Email, Phone|
|Trading Options||Spot Trading, Margin Trading|
What is Coinbase Pro?
Coinbase Pro is highly liquid and tapped into one of the world’s biggest cryptocurrency exchange. It offers advanced trading features, competitive fees, and many deposit options. Leverage of up to 500:1 is also offered to investors looking for the opportunity to make more money.
Coinbase Pro is an advanced cryptocurrency trading platform owned and operated by Coinbase, Inc. It was launched in the year 2015 as GDAX, Based in San Francisco, Coinbase has over 20 million users that have traded over $150bn since the exchange opened its doors.
The interface on Coinbase Pro is highly intuitive, making it possible for traders to start using the platform right away.
How to Set Up Account
Step 1: Navigate to the Official Website and Select “Sign Up” Option
Step 2: The sign-up form will ask for your name, email, and password. Enter the details and Click Submit.
Step 3: You will receive a confirmation link in your email. Click on the link received.
Step 4: To complete the verification process and use the platform, you must upload an official document such as passports, national ID cards, and driver’s licenses.
How to recover the Coinbase Pro password?
To recover the Coinbase Pro password, Go to the Password Reset Page. Enter your email address and click on the “Reset Password” option. This is will send an email to the address after which you can generate your new password.
How to buy cryptocurrencies
Step 1: Navigate to the Official Website, Login into your Coinbase Pro account.
Step 2: Go to the Trade page by clicking on “View Exchange” from the top main navigation bar.
Step 3: Go to the dropdown menu right above where you logged in to select the cryptocurrency pair you wish to trade.
Step 4: Then, also on the left side of the screen but slightly lower, go to the order form.
Step 5: Then click the “Buy” option to complete the order.
How to sell cryptocurrencies
Step 1: Navigate to the Official Website, Login into your Coinbase Pro account.
Step 2: Then head to the Trade page by clicking on “View Exchange” from the top main navigation bar.
Step 3: On the left side of the screen, you will see the option to sign in or create an account. Begin by logging in.
Step 4: Now Go to the dropdown menu to select the cryptocurrency pair you wish to sell.
Step 5: Immediately below, you will see three tabs for your chosen order type: Market, Limit, or Stop. Select Accordingly.
Step 6: Fill in the amount you want to sell. Then click the “Sell” Option to complete the order.
Deposit & Withdrawal Procedure
Step 1: Go to the Coinbase Pro trading page. Go to “My Wallets” Section
Step 2: Select Deposit/Withdraw under Wallet Balance. Then a pop-up window will appear.
Step 3: Select the currency type (i.e. BTC, ETC) that you would like to deposit/withdraw to Coinbase Pro
Step 4: Select Coinbase Account
Step 5: Enter the amount you would like to deposit/withdraw to Pro from Coinbase. Please note that you will only be able to deposit funds that are “Available to Deposit”
Step 6: Select Deposit/Withdraw at the bottom of the window
Fees, Limits & Supported Currencies
Coinbase Pro fees are based on the maker-taker model, and maker traders do not have to pay any fee at all. Taker fees get to take advantage of volume-based discounts that can bring the fees down to an incredibly low 0.10 percent. Coinbase pro withdrawal fees are charged a 3.99% fee.
Taker order fees start at 0.30 percent for volumes of up to $10 million. Between $10 million and $100 million, the fee drops to 0.20 percent. Those with trading volumes of over $100 million get the 0.10 percent fee. The trading volume is based on 30 days with volume in USD.
In total, there are 57 different coins that you can buy. These include the standard Coinbase offering of Bitcoin, Litecoin, Ethereum, Bitcoin Cash, and Ethereum Classic.
Below are some of the additional coins on Coinbase Pro with full trading enabled:
- Ripple (XRP)
- Stellar Lumens (XLM)
- Zcash (ZEC)
- Augur (REP)
- 0x (ZRX)
- Chainlink (LINK)
- Uniswap (UNI)
- Aave (AAVE)
If you have a Coinbase Pro account you’re able to trade not only for your home country’s currency but also for three of the world’s largest currencies:
- US Dollars (USD-$)
- Euro (EUR-€)
- Pounds (GBP-£)
Coinbase Pro mobile app
You can access the platform via the Coinbase Pro app for iOS and Android. The mobile app lets you use all the same features as on the web-based Coinbase platform, except for the account verification option, which must be performed via the web browser.
Referral Commissions & Other Services.
Institutional cryptocurrency investors are recommended to open a Coinbase Prime account, which is much like the Coinbase Pro but tailored for corporate professionals.
Coinbase lets you earn cryptocurrency for learning about it. At pixel time, you can get over USD 150 worth of crypto just by completing Coinbase’s courses.
Is Coinbase Pro Safe & Secure
- Coinbase Pro is regarded as a secure sanctuary. 98% of its customers’ digital assets are kept in cold storage, preventing funds from being lost due to theft, hacking, or other ways. The rest is covered by private insurance.
- Two-step verification is required for all user accounts. In addition to entering their passwords, users must acquire a code from their phones in order to sign in and execute other critical tasks.
- By running all site traffic over HTTPS, Coinbase Pro follows payment industry best practices. Before being saved, all wallets and private keys are AES-256 encrypted.
Coinbase Pro is one of the best cryptocurrency trading platforms for professional traders, considering all the groundbreaking features it supports. It is a highly secure platform with a lot of verification procedures in place to safeguard user accounts.
The trading interface is intuitive with more detailed trading charts powered by a real-time data feed for a seamless experience. With high volume and liquidity, it is an excellent option for high volume traders because of its low transaction fees.
Thus, Coinbase is probably the most trustworthy exchange available at the moment which allows you to trade securely and efficiently.
- Is Coinbase safe & Secure?
Yes, Coinbase is a safe platform. 98% of assets are kept in cold storage, a 2 step verification process is implemented, and all the wallets and private keys are encrypted.
- How many accounts can I have?
A single person can only have one Coinbase Pro account. To avoid violating this policy, if you currently have a Coinbase account and want to open a Coinbase Pro account, please use the same login email address.
- Does Coinbase Pro have an app?
Yes. There is an iOS app that’s available in the Apple App Store and an Android app available in the Google Play store.
- Is Coinbase Pro better than Coinbase?
Both options are secure and simple to use. Although Coinbase has higher fees, it is designed for consumers who are new to bitcoin investing. Coinbase Pro has a wider range of transaction types and cheaper costs, making it ideal for aggressive traders.
- Is Coinbase pro-FDIC insured?
USD holdings up to $250,000 are protected by the Federal Deposit Insurance Corporation (FDIC).
Coinbase Pro Ratings
- Currency Support
- Online Reputation
- Customer Support
- Seamless trading experience with the highly intuitive trading interface
- High liquidity across their trading pairs
- Secure platform with private and FDIC-backed insurance protection
- Backed by a reputable company and fully regulated in the US
- Extensive KYC procedures
- Fewer altcoins to choose from in Australia
- Not ideal for beginners
- The trading fees for retail investors are higher than other major exchanges