Disclaimer
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Pros
⦿ Low trading fees for high volume trades
⦿ Strong security measures
⦿ Advanced trading features
Cons
⦿ Slow customers support
⦿ Not the cheapest in fees
⦿ Not suitable for beginners
Coinbase Pro is the largest exchange in the US.
Over 150 tokens available to trade
Has the best reputation in security
Provide advanced features for experienced traders
Year Founded: 2012
Official Website: https://pro.coinbase.com
Cryptocurrencies Available: 150+
Customer Support: Email and Twitter
Pros Explained
1- Coinbase Pro offers low trading fees for high volume traders, 0.05% for $500 million, up to 0.6% for trading volume below $10,000.
2- Coinbase Pro security features of authentication and biometric lock make it a safe option for traders.
3- Coinbase Pro offers multiple features for advanced traders like charting tools with moving averages and exponential moving averages indicators.
Cons Explained
1- Due to the volume of usage of Coinbase Pro, support might take a while.
2- Coinbase Pro fees for beginners and new investors in crypto are one of the highest in the market, especially for those not trading in the volume where trading fees can go up to 0.6% for trading volume below $10,000.
3- Coinbase Pro does not provide the friendliest user interface; especially for beginners, it can be daunting.
Introduction to Coinbase Pro Review
Coinbase Pro provides over 130 tradeable assets, low fees for high volume trades, advanced order types, and a rich platform. Users also could take advantage of industry-leading security features designed to help them protect their cryptocurrency holdings.
With its large selection of crypto assets and advanced order, types could be an excellent platform for experienced traders. Beginners, on the other hand, may find it challenging to use.
Company Overview
Coinbase Global, which initiated its exchange in San Francisco in 2012, owns Coinbase. Brian Armstrong, a former Airbnb engineer, founded the holding company. In addition to its original Coinbase platform, the company launched the Global Digital Asset Exchange (GDAX) in 2017, aimed at active traders. GDAX was eventually renamed Coinbase Pro.
Coinbase Global, currently valued at around $86 billion, became the first U.S. crypto trading company to be listed on a U.S. exchange in April 2021. Coinbase was available in over 100 countries and had over 73 million verified users at posting. It is also ranked among the top crypto exchanges globally in terms of traffic, liquidity, and trading volumes.
Cryptocurrencies Available on Coinbase Pro
Coinbase Pro offers a selection of over 150 cryptocurrencies. Users can buy, sell, and trade popular assets like Bitcoin (BTC), Ethereum (ETH), Polygon (MATIC), Solana (SOL), Cardano (ADA), as well as VeChain (VET), and Chainlink (LINK).
How to buy Crypto on Coinbase?
Sign in to Coinbase.
Select Buy / Sell on the upper right-hand side.
Click the Buy panel to select the asset you’d like to purchase.
Enter the amount you’d like to buy denominated in Crypto or your local currency.
Select your payment method.
Click Preview Buy to confirm your purchase (you can always click the back arrow to make a change).
If the details are correct, click Buy to complete your purchase.
If you’d like to make this a recurring purchase, click One-time purchase and select how often you’d like the purchase to repeat.
Congrats, you made it! You are a cryptocurrency investor.
How to trade on Coinbase?
Coinbase Pro does not offer a step-by-step tutorial on how spot trading is done; please refer to this link to know more on the Coinbase pro website.
Coinbase Review Fees:
Coinbase Pro, like many other cryptocurrency exchanges, charges fees for specific payment methods and trading fees. While Coinbase Pro has lower trading fees than Coinbase, its maker/taker fees are still higher than many competitors in the industry. However, higher trading volumes result in fee reductions.
Opening a Coinbase Pro Account
If you want to create a Coinbase Pro account, there are two processes to follow depending on whether or not you’re a new or existing Coinbase user.
New Coinbase User
- Go to pro.coinbase.com
- Select “Get Started”
- Complete the signup form, then click “Create Account.”
- Click the verification link sent to your email address
- After verifying your email address, you will be asked to provide a phone number
- Specify whether you want to create an ‘Individual’ or ‘Institutional’ account
- Depending on the account type selected, you will need to provide information about yourself or your institution.
- You have the option to link your bank account, so you can fund your trading account with USD, GBP, or EUR. You can also skip this step and support your account with Bitcoin or Ethereum.
Existing Coinbase User
- Visit pro.coinbase.com
- Click the “Sign In” button
- Sign in using your Coinbase.com email address and password
- If you have already verified a phone number with Coinbase, you’ll be prompted to enter the Coinbase 2-Step Verification code.
- If you have not yet verified a phone number, you’ll be asked to enter one.
- Depending on which verifications you have previously completed in your Coinbase account, you may be asked to verify your identity.
- If Coinbase Pro supports trading with your region’s local currency (currently USD, GBP, or EUR), then you will have the option to link your bank and fund your trading account. You can also skip this step and fund your account with Bitcoin or Ethereum.
Compare with other exchanges
Top 10 Approach Coinbase Review
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Coinbase Pro “Fee Structure.” https://help.coinbase.com/en/pro/trading-and-funding/trading-rules-and-fees/fees Accessed May 20, 2022.
- Coinbase Pro “FAQ” https://help.coinbase.com/en Accessed May 20, 2022.
CoinMarketCap. “Top Cryptocurrency Spot Exchanges.” https://coinmarketcap.com/rankings/exchanges/ Accessed May 20, 2022.
$10 Sign up bonus