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.
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
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.
