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Home Brokers

Coinbase Pro: is it suitable for you?

Learn what you need to know about Coinbase Pro

Traders Cult by Traders Cult
March 17, 2021
in Brokers
Reading Time:3 mins read
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Coinbase Pro and exchange wallet
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Coinbase Pro Review

Coinbase Pro is a trading platform that offers you to sell, buy and pay for cryptocurrency services. It acts as a wallet that let you store and exchange cryptocurrencies by providing trading tools and instruments. This digital wallet helps you to make crypto transactions and offers other complicated trading functions. You can also get an app for this trading wallet if you are an Apple or Android user. This site is secured in terms of funds so you are safe from any type of hacks and thefts.

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Benefits of Coinbase Pro

Enlisted below are the benefits that you are going to get after using this Coinbase Pro cryptocurrency platform.

Competitive Trading platform

It is a comprehensive and powerful broker that offers easy trading opportunities. This system is easy to navigate and fulfills the needs of intraday trading. You can get complete logbooks, ordering processes, and advanced charting capabilities. It allows backtesting and collects complete history.

Margin Trading

Margin trading enables you to borrow money from a broker and helps you to make further trades. This short-term loan helps you to enhance your leverage and power. This offers you to make more profit than expected. This move helps you to cut extra trading fees of Coinbase Pro that are required for trading. But to get a margin account you must have a minimum investment of $5,000,000.

Multiple Trading Changes

Coinbase Pro has made several promising changes for their traders that offer better facilitations. Now you can make the direct transaction of digital currency without waiting for days. This direct transfer of bitcoin and currencies can take place via a bank account. This is a great change for day traders and it enables you to trade with GDAX.

Coinbase Pro App

This mobile app is one of the best addition that helps the trade to stay aware of all the changes. You can see all the important price moves by using this app. This helps you to get high execution speed and easy chartings. You can install it whether you are an android or iOS user.

Coinbase Pro Features

Instruments

Crypto

Demo Account

No

Minimum Deposit

0 $/€/£

Minimum Trade Amount

0.0001 XBT

Stop out level

50%

Regulation

CBoI

MT4/5 App

No

Ctrader App

–

Mobile Apps

Apple and Android

Automatic Trading

No

Pre-Orders

No

Signals

No

Country Restrictions

Accepted Countries

Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Finland, Greece, Hungary, Ireland, Italy, Latvia, Liechtenstein, Malta, Monaco, The, Netherlands, Norway, Poland, Portugal, SanMarino, Slovakia, Slovenia, Spain, Sweden, Switzerland.

Conclusion

We have come to the end of this review. Coinbase Pro is a leading cryptocurrency exchange that is U.S-based. You can trade and store more than 30 cryptocurrencies by using this digital wallet. The Coinbase Pro fees range from 0.5%-4.5% though they vary depending upon the type of transaction. The fee may look slightly higher but it also offers better security features than its competitors. But you must invest wisely because risks are associated with it.

The Review

Coinbase

70% Score

PROS

  • Highly secure platform.
  • Easy to use a digital wallet.
  • Offer a great user interface.

CONS

  • There is only a certain number of coins available for purchase.
  • Information about tax could be improved.
  • Changes are needed for the ease of use document.
  • Slightly higher fees.

Review Breakdown

  • User Experience 0%
  • Cryptos Choice 0%
  • Affordable Fees 0%
Traders Cult

Traders Cult

Traderscult.com is a community of independent traders, working on Forex and other financial instruments since 2015 with the Educational Trades brand. Our purpose is to support traders experience through educational materials, videos, courses, reviews and more.

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© 2021 Traders Cult - General Risk Warning: The financial products offered by the companies presented here carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose. All materials included in this site are NOT AN INVESTMENT ADVICE. Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage

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© 2021 Traders Cult - General Risk Warning: The financial products offered by the companies presented here carry a high level of risk and can result in the loss of all your funds. You should never invest money that you cannot afford to lose. All materials included in this site are NOT AN INVESTMENT ADVICE. Please be advised that certain products and/or multiplier levels may not be available for traders from EEA countries due to legal restrictions. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage

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