Exchange Review: Coinbase Pro
Coinbase has had a long history of being the world’s leading crypto exchange. Many Coinbase loyalists know that it changed its name from GDAX to Coinbase after running with it for a while. This change happened back in May 2016, when it started offering Ethereum tokens on its platform. Based in San Francisco, Coinbase was founded in 2012 as a digital wallet offering transaction services for Bitcoin, Litecoin, and Ethereum. Currently, it has over 20 million users and has traded over $150 billion in digital assets. It is one of the most trusted and reliable crypto-exchanges backed by a well-established company.
What is Coinbase Pro?
Coinbase Pro is part of the Coinbase platform – just more advanced. As its name suggests, Coinbase Pro is an improved version of Coinbase that comes filled with advanced features such as detailed charts, graphs, and trading options. Transactions are instant once deposited and best of all, they are free. For this reason, it’s designed for professional traders who are looking to make more money. Furthermore, not only has the platform never being hacked, it’s supported by some of the industry’s most recognized players such as the NYSE and Andreessen Horowitz. It is also insured by the FDIC (Federal Deposit Insurance Corporations) for up to $250,000 per customer.
Why Coinbase is the Best Exchange for Trading
Registering on the Coinbase Pro platform is a seamless and hassle-free process. All that’s required is your email, name, and password. Afterward, an email verification link is sent to your email address. After that, personal information such as your phone number, address, and identification are requested. Once approved, you can start buying and selling any of the digital assets available in the platform. Moreover, the platform’s interface is sleek, straightforward, and easy to use, even for beginners. It also has incredibly low fees, ranging from 0.1% to 0.25% for taker trades. It has no fees at all for maker trades.
In addition to offering support for USD and the Euro, Coinbase Pro also provides support for cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. It operates in the U.S., Australia, Europe, Singapore, and Canada. Furthermore, it offers same-day deposits as long as they are initiated during regular banking hours. Moreover, there are zero withdrawal fees for all cryptos which gives it a competitive edge among other crypto exchanges. Furthermore, it is highly liquid, fully regulated in the U.S., and provides access to the world’s leading digital assets. The payment methods supported by Coinbase Pro include:
- Wire transfers in USD.
- Deposits and withdrawals in Euros via SEPA (Single Euro Payments Area).
- Bank transfers via ACH (Automated Clearing House).
Coinbase Pro is slowly becoming the exchange of choice for most crypto-traders. Its platform is easy and intuitive to use, even for first-time buyers. Moreover, its low transaction charges provide an excellent opportunity for traders trading high volumes. Plus, it’s a great way to bypass regular Coinbase fees which are higher, especially for debit and credit purchases. Coinbase Pro is the most reliable and secure exchange available on the market. Its state-of-the-art security measures ensure that nearly all funds are stored in cold storage, away from potential hacks. In a rapidly transforming crypto market fraught with exchange closures, hacks, government intervention, and uncertainty, Coinbase has steered a steady ship and is your best bet for long-term operations during 2019 and beyond.