Are you an active trader looking for an online platform that you can use to sell, buy, transfer and store your digital currency? Then CryptovLists guide is for you. Coinbase Pro is a safe and user-friendly professional-level trading site for active and expert's traders who want to buy, sell, and exchange over 100 cryptocurrencies in high volumes. The site gives a trader advance charting and trading options. That is why a trader who uses platform has superior control on high-volumes cryptocurrency investing solutions. In this review, we will enlighten you more on Coinbase Pro.
›› Signup at Coinbase Pro here
A more complex crypto exchange for advanced users. Generally better exchange rates than the normal Coinbase app.CryptoLists.com
Background & Overview
Coinbase Pro was launched in 2012 as an expert trading platform for active investors. This online platform is an advanced cryptocurrency trading site owned and operated by Coinbase, Inc. The platform was known as GDAX and was later rebranded to its current name Coinbase Pro in July 2018.
Coinbase Pro helps professional traders sell, buy, and exchange cryptocurrencies. This platform is easy to use, highly secure and charges a significantly low trading fee. This exchange is most suitable for advanced crypto traders.
Advantages at Coinbase ProOffers access to nearly 100 cryptocurrencies
Coinbase Pro features 2-factor authentication and cold storage that ensures maximum security.
It has significantly lower trading fees.
It offers a wide variety of trading options, including limit and stop-loss orders.
It provides a wide variety of cryptocurrency coins to trade.
It has an easy-to-use Android & IOS mobile app.
DisadvantagesThe support takes long before responding to an inquiry
It is not beginner-friendly; the platform is complex and is best for those with trading experience.
It does not directly support most local payment methods.
KYC & Registration
The registration process is easy.
Step 1. Start by visiting https: //pro.coinbase.com/
Step2. Then click on the signup box and provide your biodata and other relevant information.
Step3. After which you verify the information through your email address and phone number
Step 4. To finalize your application, you will be required to upload your government-issued I.D. for verification before linking to a bank account.
The registration process is straightforward and user friendly. Also, it takes less of your time.
Costs▪ Rated at 9/10
The fees charged on this platform are relatively cheap compared to other trading platforms. It does not charge anything when you are signing up. Also, when you want to hold funds in the Coinbase pro account, it is free, and it does have any time limits.
Furthermore, this platform uses a maker-taker approach in determining its trading fees. You can place a market order, stop order, or taker order on this platform. Usually, maker orders are charged different fees from taker orders. Taker orders are charged a price ranging between 0.04% and 0.50%. At the same time, maker orders come with fees between 0.00% and 0.50%.
Also, you should keep in mind that in this platform, the fees charged are based on the transaction amount. You pay more for trading less.
Furthermore, trading with a debit/credit card does not charge any fee. Also, the platform charges a spread of 0.5% in cryptocurrency sales and purchases. However, the rates may be more or less depending on market fluctuations.
Deposit Methods▪ Rated at 9/10
Below you can see a list of the deposit methods available on Coinbase Pro. Some of them may not be available in United States as it depends on regional regulation, but normally the most common payment methods are available across numerous countries.
Coinbase Pro feature bank transfer, VISA, MasterCard and Paypal as deposit and withdrawal methods.
Platforms▪ Rated at 9/10
Coinbase Pro is a user-friendly platform that is easy to use and navigate. It has an intuitive interface that displays on its dashboard a variety of information on any selected market, including order market, current 24-hour volume, candlestick chart, open orders, and user wallet balance.
Furthermore, the dashboard is cleanly designed, responsive and easy to understand. A trading sidebar in the dashboard makes trading quick and painless. With the sidebar, you can select and execute your desired trade with just a couple of clicks on the buttons.
It has an advanced interface that makes it an excellent platform for trading. Coinbase Pro comes with:
This online platform offers investors unlimited bitcoin, bitcoin cash, Ethereum and Litecoin. Also, it supports USD deposits through wire transfer. Besides, it provides traders with a high level of liquidity as users can use up to 10 000 USD daily in their accounts while institutional accounts have a limit of 50 000 USD per day.
As a Coinbase Pro user, you can contact customer support for enquiries in several ways. However, their response time is not pleasing if you have an urgent question.
This site is accessible in 42 different nations such as the U.K, Canada, Singapore, Europe and the U.S. However, they do not have operating licenses in Hawaii, Minnesota, and Wyoming.
The platform embodies ideas by leading the market with top-notch security measures. This firm continuously pushes for improved security practices.
Straightforward registration process
Any new trader can attest that the registration process is easy and relatively straightforward. All you need is to sign up and provide the required details. Later you will verify your phone number and email address. Also, it uses a 2-step authentication for all its users.
This platform uses a high intuitive trading interface that provides a more seamless trading experience than most exchanges.
Broker Support▪ Rated at 9/10
There are several ways Coinbase pro customers can reach out for help.
You can use an extensive knowledge centre with lots of tutorials, handy articles, and other educational information.
You can fill the contact us form at their website help centre.
You can also use their live support chat.
Mobile phone support.
Coinbase has answers to most of the questions hence can help you solve your problem. However, the major downside of Coinbase pro is their support response time. The support team takes a long to respond to an inquiry, especially during busy periods.
Also, it is good to note that the platform does not provide phone support with a live agent for general inquiries. You can only call their automated numbers when you notice suspicious activity on your account to instruct them to lock it.
In addition, Coinbase pro updates crucial information through its Twitter account. However, they do not interact with customers about account-specific issues on social media due to security reasons.
What unique with Coinbase?
This online cryptocurrency trading platform allows you to view your trading history. Also, it offers a high-volume cryptocurrency trading solution, deep liquidity, top-notch security, multiple liquidities, low fees, high trading volumes, and a user-friendly platform.
How does Coinbase pro make money?
Coinbase makes money from the transaction fees it charges on trades, interchange fees, sales of software tools, maker and taker fees, interest on cash, interest from personal loans and more.
Instruments available▪ Rated at 9/10
Crypto CurrenciesDOT/USD, DOT/GBP, DOT/EUR, BTC/USD, ETH/USD, LOOM/USDC, NEO/USD, WLUNA/USD, FOX/USD, LPT/USD, BAND/USD, ANKR/USD, MKR/USD, POLY/USD, LOKA/USD, BCH/USD
›› Sign up at Coinbase Pro here
Screenshots from Coinbase Pro
Last Updated: Friday, 12 Aug 2022 6:59 pm