The benefits of using Coinbase Pro over Coinbase

The benefits of using Coinbase Pro over Coinbase

We’ll be discussing the benefits of using Coinbase Pro over Coinbase. Coinbase is one of the most popular cryptocurrency exchanges, however Coinbase Pro is a more advanced trading platform for experienced traders.

By the end of this article, you’ll know the key differences between the two exchanges and how to decide which one is right for you.

Coinbase Pro is more user-friendly than Coinbase

One of the key benefits of Coinbase Pro is that it is more user-friendly than Coinbase. The interface is designed in a way that is simpler to understand and use, making it ideal for those who are new to trading cryptocurrencies.

Coinbase Pro also offers more features than Coinbase, such as advanced charting tools and margin trading. This makes it a better choice for experienced traders who are looking for a more comprehensive trading experience.

Withdrawals and deposits are much faster on Coinbase Pro

Another benefit of using Coinbase Pro is that withdrawals and deposits are much faster. On Coinbase, it can take up to five days to receive your funds after making a withdrawal. However, on Coinbase Pro, you can typically expect to receive your funds within 24 hours.

This is a huge advantage for those who need to access their funds quickly. It also makes Coinbase Pro a better choice for day traders, who need to be able to withdraw and deposit funds quickly in order to take advantage of short-term trading opportunities.

Coinbase Pro has lower fees

Coinbase Pro also has lower fees than Coinbase. The fee structure is based on a maker-taker model, with makers being charged 0.1% and takers being charged 0.3%. There is also a 0.5% fee for margin trading.

This compares favorably to Coinbase, which charges a flat fee of 1.49% for all trades. This makes Coinbase Pro a better choice for those who trade frequently, as the lower fees will save you money in the long run. It’s important to note that Coinbase Pro also offers discounts on trading fees for those who trade large amounts of volume. For example, if you trade more than $10 million in a month, your trading fees will be reduced to 0.1%.

Coinbase Pro is more secure than Coinbase

Another benefit of using Coinbase Pro is that it is more secure than Coinbase. Coinbase stores all of its customer’s funds in offline storage wallets, which are not connected to the internet. This makes them immune to hacking attacks.

Coinbase Pro also uses 2-factor authentication for all account login attempts. This means that even if someone knows your password, they will not be able to access your account unless they also have your 2-factor authentication code.

The customer support is better on Coinbase Pro

Finally, the customer support is better on Coinbase Pro. If you need help with anything, you can expect to receive a response from a customer support representative within 24 hours. On Coinbase, the customer support is not as responsive and it can take several days to get a response. This is frustrating if you’re facing an issue with your account and need help urgently.

However, if you’re new to trading cryptocurrencies, Coinbase may be a better choice as it is easier to use.

how to switch from coinbase to coinbase pro

If you’re looking to switch from Coinbase to Coinbase Pro, the process is relatively simple. First, you’ll need to create a Coinbase Pro account and link it to your Coinbase account. Once your accounts are linked, you can transfer funds from Coinbase to Coinbase Pro. To do this, simply log into your Coinbase account, select the “Accounts” tab, and click on the “Transfer” button next to your Coinbase Pro account. From there, you’ll be able to select how much you want to transfer and complete the transaction.

It’s important to note that you may be charged a small fee for transferring funds from Coinbase to Coinbase Pro. However, this fee is typically much lower than the fees charged by Coinbase.

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