Respected globally in the digital currency space, Coinbase Pro, formerly branded under a different name, remains a standout in cryptocurrency exchanges. GDAX Rebranded to explicitly cater to avid traders, the advanced environment of Coinbase Pro brims with intricate charting capabilities and a plethora of trading functionalities. Coinbase Crafted explicitly for seasoned traders, Coinbase Pro provides a robust platform backed by a prominent company offering insurance, securing users up to $250,000.
Coinbase Pro prides itself on being the most trusted platform Established in June 2012 as a digital wallet, Coinbase has evolved into a multi-faceted platform, boasting millions of users and a transaction volume exceeding $150 billion, based out of San Francisco. FDIC insurance Which range of currencies can one expect to find support for on Coinbase Pro? FinCEN as a Money Services Business.
How does one navigate the intricacies of placing an order on Coinbase Pro?
Who is Coinbase Pro Aimed At?
Users in regions like the UK, Europe, and the US enjoy fiat currency support, yet residents of Wyoming and Hawaii must look elsewhere for now due to licensing constraints.
Who Can Use Coinbase Pro?
Countries like Sweden, Switzerland, Slovenia, and others across Europe find themselves well-supported by Coinbase Pro's offerings.
Institutional trading needs find synergy with Coinbase Prime, a separate, robust service, yet it seamlessly integrates with the full spectrum of Coinbase’s offerings.
Compliant with local regulations, the trading possibilities on Coinbase Pro shift with geographical location, affecting the pairs you can actively engage with.
For Institutions, Coinbase offers Coinbase Custody
Residing in the UK opens up a plethora of trading pair opportunities, although the options vary a bit depending on the region.
The simplicity of getting started on Coinbase Pro begins with the verification process, ensuring a secure platform that requires a few key personal identifications.
Managing Funds: The ins and outs of deposits and withdrawals on Coinbase Pro.
A dropdown in the trading page's top left lets you navigate through the available cryptocurrency pairs, segregated by key markets such as BTC, USD, EUR, and GBP.
Find vital market data, including recent trading activity, right in the top middle of your trade page, giving you the insights you need for each currency pairing.
Coinbase Pro Account Verification
The side menu to your left offers easy log-in options, accompanied by neatly organized buy/sell forms, and a comprehensive view of the live orderbook.
How to Trade on Coinbase Pro
A dominant price chart resides on your screen's right, providing both a candlestick and depth chart for dynamic visual trading analysis.
Direct feedback on financial dynamics occurs in the top corner of your price chart, helping seamless navigation between high, low, open, and closing values.
The vibrant color scheme of the candlestick charts ensures traders can easily differentiate between buying and selling opportunities.
From varying timeframes to overlaid analytical tools, the trading page invites customization for a tailored charting experience.
Seamlessly linked to Coinbase Markets, every order on Pro routes directly to this liquidity-rich exchange environment.
Order execution on Coinbase Pro exemplifies user-friendliness, kick-started by navigating to 'View Exchange' from the central menu.
Craft your orders by diving into the left-side form, freshly color-coded for clarity, shaping your buy/sell strategies with ease.
Targeting the more sophisticated trader eager to delve deeper than basic market fluctuations, Coinbase Pro offers real-time data sets, intuitive charting tools, and user-friendly interfaces.
Orders awaiting specific criteria can be tailored through additional fields, offering flexibility in trading approaches with various order types.
Regardless of order type, fee transparency remains a cornerstone, with prominent details outlined above the final execution button.
Monitor your trading activities by checking open orders nestled just beneath the active price chart for real-time clarity.
Depositing digital currencies is a streamlined process on Coinbase Pro, simply accessed via the 'Assets' menu.
When it's time to make your move, withdrawing cryptocurrencies mirrors the ease of deposits, facilitated through intuitive navigation.
Managing fiat transactions through 'Assets' utilizes familiar bank processes, adapting to different geographical banking options.
Designed for individuals rather than corporate entities, Coinbase Pro makes it a breeze for users in supported regions to either set up or transition to this platform.
Effortless fund transfers between your Coinbase and Pro wallets come at no cost, enhancing liquidity access.
Embracing the maker-taker fee structure, Coinbase Pro incentivizes liquidity provision by waiving fees for maker orders.
A Comprehensive 2020 Review for Newbies on Coinbase Pro: Is This Platform Secure?
Are you contemplating diving into cryptocurrency trading with Coinbase Pro? Ensure you check our in-depth analysis to find out everything you need to know about its security features.
Coinbase Pro Fees
New Traders’ Handbook: A Thorough Assessment of Coinbase Pro
Coinbase Pro boasts a rich legacy as a pioneer in the cryptocurrency exchange arena, though it previously operated under a different name. Its new identity highlights a plethora of features tailored for seasoned traders, offering sophisticated charts, graphs, and versatile trading options.
| Pricing Tier | Taker Fee | Maker Fee |
| Up to $10m | 0.30% | 0% |
| $10m – $100m | 0.20% | 0% |
| $100m+ | 0.10% | 0% |
This tool is engineered for cryptocurrency trading, buttressed by a major, reputable company that provides insurance for Coinbase’s USD Wallet up to $250,000 and holds registration with relevant authorities.
As the advanced arm of Coinbase, Coinbase Pro is designed specifically with professional traders in mind, matching the trustworthiness of its predecessor. Established in June 2012 in San Francisco, Coinbase initially served as a digital currency wallet and transaction platform for both consumers and merchants using innovative digital currencies like Bitcoin, Litecoin, and Ethereum. It's supported by a user base exceeding 20 million and manages trades worth over $150 billion.
Coinbase Pro API
Which Types of Digital Currencies Are Available on Coinbase Pro?
Is Coinbase Pro Safe?
What Is the Procedure to Execute a Trade through Coinbase Pro?
Navigating Deposits and Withdrawals on Coinbase Pro Is Coinbase Safe?
Conclusion
Coinbase Pro targets traders who crave deeper insights into cryptocurrency market trends beyond mere surface-level knowledge. It features tools like real-time order books, trade histories, and charting functions. Despite its advanced capabilities, the platform's user-friendly interface allows traders of varying expertise levels to get started right away.
Suitable for individual traders—not institutions—Coinbase Pro grants swift registration for users in supported regions. If you’ve an existing Coinbase account, an easy upgrade to Coinbase Pro awaits. Users from Canada, Singapore, and Australia can access cryptocurrencies directly since fiat currency isn’t required.
In the UK, Europe, and the U.S., support for fiat currencies is available, with exceptions: Wyoming and Hawaii residents are unable to use Coinbase Pro due to pending licensing.
Supported European countries include Sweden, Switzerland, Slovenia, Spain, Slovakia, San Marino, Poland, Portugal, Norway, Netherlands, Malta, Monaco, Latvia, Liechtenstein, Ireland, Italy, Hungary, Greece, Finland, France, Denmark, Cyprus, the Czech Republic, Croatia, Belgium, Bulgaria, and Austria.
Coinbase Pro
Pros
- Attractive Interface
- Multiple Layers of Security
- Trustworthy Company
- A low fee structure
- Compliant and transparent practices
Cons
- Not many cryptocurrencies
- Customer Support can be Slow
2Comments
Very good for novices like me.
At the top left corner of the trading page, a dropdown allows you to choose and view specific cryptocurrency pairs. These options are categorized by markets: BTC, USD, EUR, and GBP.