Coinbase Pro

Written By
Deniz Saat
Reviewed By

Insight into Coinbase Pro, a San Francisco based cryptocurrency platform for individual traders. Learn about the enhanced features, supported currencies and more.

Overview

Supports a variety of currencies

Excellent Customer Service

High Security

Overall Rating
  • Features
  • Ease of Use
  • Payment Options
  • Fees
  • Security

Jump to Section

Who Are They?FeaturesCurrencies SupportedPayment MethodsSupported CountriesFees and Buying LimitsCustomer Reviews
Is 
Coinbase Pro
 Safe? 
ProsConsFAQ

Who are they?

Coinbase Pro is a cryptocurrency trading platform for individual traders launched by the San Francisco based company Coinbase. Formerly known as GDAX (Global Digital Asset Exchange), Coinbase Pro operates on a trusted and compliant environment with several advanced features that allow professional traders to trade a wide variety of digital assets. It provides a secure and straightforward solution to buy, sell, and trade digital assets online and offer traders the most considerable flexibility in building and managing their crypto portfolios. The transactions are processed almost instantly across a wide range of trading pairs.

Features

Coinbase Pro primarily focuses on advanced traders. Included features on the platform are  real-time order books, charting tools, granular candlestick charts, trading history, and a simple process for placing orders, along with other stand-out services and features.

  • Intuitive, Sleek Interface: The user-friendly interface includes a wide range of digital assets and supports users with a set of tools, reviews, and ratings that help them make informed decisions.
  • 2 Factor Authentication for enhanced user security.
  • Industry-leading API Support: Coinbase Pro’s API includes two types: Trading APIs and Feed APIs. The trading APIs allow users to place orders and access other account information. The feed APIs provide users easy access to real-time market data.
  • Programmatic trading bots: One unique feature of Coinbase Pro includes the development of secure, programmatic trading bots with high-security levels.
  • Margin trading: Margin trading is available for all eligible customers. It allows traders to gain more exposure or buying power to the assets they are trading.
  • 24/7 Customer Support Desk: With hundreds of Client Engagement Specialists, the Coinbase Pro support team is available anytime to respond quickly with an immediate and efficient resolution for any issues.

Cryptocurrencies

List of top 10 cryptocurrencies supported by Coinbase Pro

  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Litecoin (LTC)
  • Basic Attention Token (BAT)
  • EOS (EOS)
  • Bitcoin SV (BSV)
  • Stellar Lumens (XLM)
  • Compound (COMP)

Fiat Currencies

  • United States Dollar (USD)
  • EURO (EUR)
  • British Pound (GBP)

Payment Methods

  • ACH (Automated Clearing House) transfers.
  • SEPA (Single Euro Payments Area) transfers.
  • Bank wire transfer services.

Supported Countries

The countries that support crypto/fiat trading pairs include:

  • United States (except Hawaii)  
  • United Kingdom
  • Europe

Some of the major countries that support crypto trading pairs include:

  • LATAM (Mexico, Brazil, Columbia, etc.
  • Asia (India, Singapore, South Korea, etc.)
  • Middle East (Bahrain, Oman, etc.)
  • Australia
  • Africa (Kenya, South Africa, Ghana, etc.)
  • Europe (Netherlands, Switzerland, etc.)

Fees and Buying Limits

  • Transaction fees range between 0.00%-0.50% and is based on the past 30 days of trading volume.
  • The deposits of cryptocurrency and fiat currency (via wires) are unlimited. The fiat currency deposits (ACH or SEPA transfers) have certain restrictions based on the user’s weekly bank transfer limit.
  • The default withdrawal limit of both cryptocurrency and fiat currency is restricted to $25,000/day.
  • The withdrawal fee is zero for both cryptocurrencies and fiat currencies.

Customer Reviews

Expert Review 1
“Coinbase Pro is one of the best cryptocurrency trading platforms for professional traders, considering all the groundbreaking features it supports. It’s a highly secure platform with a lot of verification procedures in place to safeguard user accounts.” Reference

Expert Review 2
Anyone looking to just buy and sell Bitcoin and Ethereum can easily use either Coinbase or Coinbase Pro. Those who prefer convenience can opt for Coinbase; however traders who are looking for a more sophisticated trading experience must turn to Coinbase Pro.” Reference

User Review
Customer support services are not great. Feedback report from some of the users points to below par or delayed customer support. Reference

Is 

Coinbase Pro

 safe? 

Leading investors’ support Coinbase Pro, and the users are FDIC (Federal Deposit Insurance Corporation) insured. Each user is entitled up to $250,000 in remuneration in the event of a loss. Coinbase Pro is also protected against theft of digital currency that occurs in the event of a security breach, theft, or fraudulent transfer. The company’s policy also includes regular IT security and financial audits to ensure the utmost safety. All these features provide maximum comfort and security, making Coinbase Pro a safe bet for crypto enthusiasts.

Pros of 

Coinbase Pro

  • The Industry-leading API interface is highly intuitive and provides a seamless trading experience for the users than most of its competitors.
  • High liquidity
  • An excellent choice for professional traders
  • Highly secure platform with FDIC insurance protection

Cons of 

Coinbase Pro

  • High transaction fees
  • Limited selection of cryptocurrencies

FAQ

1. How does Coinbase differ from Coinbase Pro?

Coinbase is the most trustworthy exchange that supports users, especially the beginners, and provides a trusted place to buy, sell, and discover cryptocurrencies. Coinbase Pro, the new name of the GDAX exchange, is designed to target more advanced and expert traders. Fees are also lower on Coinbase Pro than they are on the regular Coinbase exchange.

2. Is there a Coinbase Pro app?

Yes. The Coinbase Pro app is available in the Apple App Store and the Google play store. Alternatively, users can also visit the mobile-friendly website.

3. Does Coinbase Pro support margin trading?

Yes. Coinbase Pro provides margin trading for all of its eligible customers.

4. ‍ Who can use Coinbase Pro?

Coinbase Pro is designed to target individual traders and not institutions. A user belonging to any of the geographical areas supported by Coinbase Pro can sign up for an account. Also, the user may upgrade their Coinbase account to Coinbase Pro.

WRITTEN BY
Deniz Saat
Deniz Saat is an IT services specialist and technical writer.
REVIEWED BY

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