What do you gain when you are offered an advanced trading platform which is already operated by the well-renowned platform Coinbase.
Obviously, you will find it appealing. If you find this captivating and looking for an exchange that is ahead of the pack. Then this article is definitely for you!
Without further delay let’s review one of the top Cryptocurrency exchanges, Coinbase Pro. It is a centralized exchange with a diverse range of crypto tokens. It is basically known for its security and fast execution of trades.
One of the interesting facts about Coinbase pro is, it provides insurance for your funds when hacked.
Don’t miss out on a bus that is the champion in the cryptocurrency exchange market. In this article, you will get insightful information about Coinbase Pro and how it works!
|Legal Name||Coinbase Pro|
|Official Web Address||https://pro.coinbase.com/|
|Trading Options||Spot trading, margin trading|
|Trading fees||Maker fee: 0.00% : Taker fee: 0.05%|
|Deposit methods||Cryptocurrency, ACH, Wire, SEPA, Swift.|
|Deposit fees||Wire: $10 USD, SEPA: 0.15 EUR|
|Withdrawal methods||External wallet, ACH, Wire, SEPA.|
|Withdrawal fees||Wire: $25 USD, SEPA: 0.15 EUR|
|Restricted countries||Iran, Iraq, Afghanistan, US and more|
|Supported Fiat currencies||USD, GBP, and EUR.|
|Mobile App||Apple store and Google store|
|Customer Support||Help center.|
Launched in 2015 by Brian Amstrong, who is also the founder of the lead firm Coinbase.inc. Coinbase Pro is the most cutting-edge technology in the world of crypto exchanges.
This exchange is officially operated by Coinbase. Earlier it was known as GDAX(global digital asset exchange). In 2018 it was renamed Coinbase pro.
As you can see it offers a variety of features for everyone. The platform offers to buy, sell, earn and learn cryptocurrencies.
It has more advanced charts and a broad range of crypto assets. This is specifically designed for professional traders, adding more complicated tools.
Exchange offers more than 50 cryptocurrencies to trade, buy, sell and earn. It has equal opportunities as Coinbase.
Coinbase pro is generally known for its complex and sophisticated security. This sets up features like 2FA, verification is needed every time you log in, and much more.
It provides high liquidity and has an automated user platform. You may want to trade right away because of its easy-to-use interface.
Detailed examination of your identity is done so that there are no fake users. This exchange is most popular in the U.S. It offers all the advanced tools and analysis that skilled traders desire.
Its trading volume is high compared to other exchanges.
Yes, Coinbase pro is safe and legit because it offers the world’s best security features. It has maintained its image as a trustworthy source over the years.
The exchange offers security features like 2FA, biometric fingerprint logins, and wallets are encrypted with AES-256.
Also insurance upto $2,50,000. Your records are protected by FDIC. Only 2% of the funds are stored online in hot wallets. Whereas 98% of the user’s currencies are stored offline in cold wallets.
The security also depends on you, how strong you create your login password. You are sent a code to your phone every time you login in to your account. This ensures the user’s security.
For example Polkadot prices rose 17.4%.When It was stated that it is going to be listed on Coinbase pro.
For wallet service, Coinbase pro does not charge for transferring your cryptocurrency from one wallet to your supplementary wallet.
For market order, the fee is charged between 0.04% and 0.50%. This is called the taker fee. When your order gets matched with another trader then you will be charged a maker fee between 0.00% and 0.50%.
For all stable pairs, taker fee is 0.01% and maker fee is 0.00%.
Following is the chart which displays the fees charged by Coinbase Pro.
For fiat deposits and withdrawals the following fee is charged.
No fee is charged for signing up and possessing funds in your Coinbase pro account.
There are more than 50 currencies and 39 trading pairs accessible for U.S customers. Offers both types of trading. Many exchanges do not offer crypto to fiat trading. This platform allows you to trade both crypto/fiat and crypto/crypto assets.
Below are some of the important cryptocurrencies listed on Coinbase pro
Popular trading pairs on Coinbase Pro are
And many more you will find on pro.coinbase.com.
Coinbase Pro Supported Countries
Coinbase is available in 100 + countries. The exchange is trying very hard to provide their service in every country.
Below are some of the countries, Coinbase Pro is available in :
US states are not yet supported byoinbase Pro including Hawaii.
Coinbase Pro Mobile App
The latest Coinbase Pro mobile app is known for its rapidity, user-friendliness, and straightforward trading experience. It is designed to deliver top-class security all around the world.
This app is available for both Android and IOS. You can control your trades at any time and from anywhere. This helps the investors to save time. The mobile app is quick, it takes less time to execute the orders.
For android, it takes 57 MB space of your mobile and has a rating of 3+. This mobile app has been the center of attention for professional traders, which has put others in the shade.
It offers both the facilities like fiat to crypto or crypto to crypto accounts. You can deposit, withdraw, buy and sell within minutes in contrast to the desktop version. The mobile app also provide password verification. Nevertheless, it offers the same fees as the desktop version.
If you already have an existing account in Coinbase Pro . Please consider providing the same login details that you have used for Coinbase.
As a result of doing this, your Coinbase account will be linked to the Coinbase pro account. By doing so, you will be able to transfer your digital assets between these accounts.
Meanwhile, you will be asked to agree to user terms. You will be asked to verify your identity. Once you complete this, you will be able to trade your assets.
Make sure you don’t have a separate account for Coinbase and Coinbase pro. Use the same login details for both accounts.
Coinbase pro involves two ways of Identification. You will be asked for details based on your region. For a quick and easy method, use Coinbase pro mobile app.
Fill in the answers and complete your verification.
Fill in the answers and complete your verification.
3.You will get an Email confirmation whether your Id is verified or not.
How to recover your password on Coinbase Pro?
Go to ‘Password reset page’. Type in your Email address and Tap on ‘reset password’. You will receive a link on your Email. Click on the link and you will be directed to a new page.
Set your password and press the ‘Confirmation’ button. It may take more than 24 hrs to reset your password If you are logged in from a different device.
Note: For depositing USD or any other currency funds you can use bank transfer or wire transfer.
1. Unlock Coinbase pro on your mobile.
2.Go to the bar graph icon which is located at the bottom.
3. Search for the crypto pair you want to trade.
For example: BTC – USD
4. Click on the pair. Hit ‘Buy’ option located below.
5. After that you have the option to set a limit, market and stop order.
Enter the amount. Click on ‘Preview order’.
6.If you are satisfied with the fee, hit ‘ place buy order’.
Professional traders are satisfied with its advanced trading features. The reviews this exchange has received are both positive and negative.
Currently, for mobile apps, it has 21k reviews and 3+ customer ratings. Most of the complaints are regarding customer support.
Like every other exchange, the complaints are mostly about blocked accounts, not able to withdraw funds, and much more.
It charges fewer fees compared to its parent company, Coinbase. It may seem to be difficult to understand the pro features for freshmen. Solving every customer complaint is not as easy as shooting fish in a barrel.
Student ID and Hospital ID are not accepted for verification.
Coinbase charges high fees and it is best for beginners. On the contrary, pro app have advanced features and charge less fees. It is you who decide which is best for you.
It is deemed as one of the protected and secured wallets in the world. As it is integrated with coinbase users feel secure to store their cryptocurrencies here!.
They are certainly traceable. Coinbase is not an anonymous company. The transactions are not accessible by the public.
Generally speaking, it has bestowed its users with an excellent crypto trading platform. It is owned by one of the notable crypto exchanges Coinbase. It offers various steps for identity verification. Certainly making Coinbase pro one of the safest platforms to trade.
Sometimes if the liquidity conditions are not met then trading will be disabled. If you are in search of the best security exchange then Coinbase Pro is definitely for you.
It is developing and upgrading itself day by day. The growth of this exchange is unstoppable. Thus making it the most secure and reliable exchange for now.
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