Coinbase Pro in 6 brief points

Coinbase pro is an established digital asset exchange where users can deposit and or withdraw funds easy and quick. It’s primarily Bitcoin oriented exchange with significant diversity to its traders. It has relevant and current intel on any trading pair, trading charts, and a raft of useful figures onsite. The platform was previously called GDAX (Global Digital Assets eXchange).

Below are six brief points
about Coinbase pro.

1.    Supported payments and countries

Coinbase pro supports payments in currencies such as the euro (EUR) and US dollar (USD). It also accommodates Ethereum (ETH), Litecoin (LTC), and Bitcoin (BTC) crypto coins. The platform has a wide range of trading pairs such as BTC/USD, BCH/BTC, BTC/EUR, BCH/USD, LTC/BTC, ETH/BTC, LTC/EUR, and ETH/USD. Coinbase Pro is available in Europe, Canada, Singapore, Australia, and the United States.

Coinbase pro accepts payment
methods like wire transfer in US dollar, single Euro Payment Area (SEPA)
deposits and withdrawals in euros and Automated Clearing House (ACH) bank
transfers.

2.    Supported cryptocurrencies

Availability of trading pairs depends mainly on the local regulation within a country. The users of Coinbase pro can view information related to any trading pair and order book; the traders can only trade the pairs that comply with local regulations in their area. In Australia, Singapore, and Canada, available trading pairs are LCT/BTC, ETH/BTC, and BCH/BTC.

In the UK you can trade BTC/EUR, BTC/GBP, ETH/EUR, ETH/BTC, LTC/BTC, BCH/BTC, LTC/EUR or BCH/EUR. Apart from BTC/GBP support, Europe has similar trading pair. United States traders can use the platform to trade ETH/USD, ETH/BTC, BTC/USD, LTC/BTC, LTC/USD, BCH/USD and BCH/BTC.

3.    Fees charged

Coinbase Pro operates the maker-taker model on withdrawals and deposits where by makers do not have to pay any fee. By contrast, taker orders are done once at the market. With the platform fees can be divided into multiple order that includes taker order and maker order. Each separate order is charged an appropriate fee with no fees on the maker portion.

4.    Coinbase Pro security

Coinbase pro is confident to be the most reliable and safest exchange. The platform is considered to be less private than other platforms since its account verification requires proof of address and ID photo. 98 percent of customers’ digital currency is kept in cold storage.

5.    Coinbase Pro deposits and withdrawals

Deposits can be made through
Bitcoin or fiat currency. However, when you want to deposit fiat, choose your
local currency, the bank account will allow you to transfer funds from your
standard bank account into Coinbase Pro’s account. The bank account option
takes around 3 to 5 business days. For withdrawals, if you are in urgent need
of the funds, you can use wire transfer to receive the deposit.

Coinbase pro

To deposit Bitcoin, open the
Bitcoin deposit tab then you will see a Bitcoin address both in a QR code and
text form. The address can be used to send funds to your Coinbase Pro account.
Coinbase wallet allows you to transfer Bitcoin into Coinbase Pro account for
trading.

Depositing funds is the exact
opposite process of withdrawing funds, and the same options are available. You
can withdraw to a Coinbase wallet, to a bank account or cryptocurrency address.
You can use a wallet address to transfer your Bitcoin or other cryptos from
your Coinbase wallet to another.

6.    Coinbase Pro customer support

Coinbase Pro answers many questions from users in an extensive FAQ section on its leading site. Each page has a submit a request section button at the bottom, where you can reach out to customer support with issues related to ID identification, security, technical questions regarding API, account transactions or any other inquiries.

Conclusion

The popular GDAX exchange is
the new Coinbase Pro platform which is intuitive to use and offers charts and
tools that professional traders want. The fees are low with no fee for market
makers. At the moment, it’s probably the most trusted exchange available with
top security measures that insures customer funds stored online. It keeps
nearly all the funds in a safe cold storage.

To avoid regular Coinbase fees which are expensive for debit and credit card purchases, using Coinbase Pro is great. You can wire fiat to Coinbase then make your purchase on the professional platform. Coinbase is working on improving customer support which is slow as compared with other cryptocurrency exchanges. When making a deposit or withdrawal from your account, make sure to double check the address before making a large transaction. It’s recommended first to send a small test amount to make sure everything is ok.

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