Coinbase Pro
Coinbase Pro9.5
Coinbase Pro is the project of the Coinbase exchange which was designed for individual traders. If you asked to describe this platform in one word – we would say that it is solid. One of the few exchanges which is insured and backed by some of the biggest investors in the industry – like the New York Stock Exchange, Andreessen Horowitz, and Union Square Ventures, so it can be considered as the safest exchange for coins’ storage.
Easy fiat depositing and a number of options for buying crypto assets with Bank Transfer or Credit or Debit card (MasterCard/Visa). Margin trading is also available there, but maximum leverage is x3. The only disadvantage of Coinbase Pro is a relatively small coin variety in comparison with Binance.
- High liquidity and buy limits
- Reliable and trusted platform
- Support for many countries and regions
- Wide range of deposit options
- Requires KYC verification
- Small coin variety
- Security 10/10
- Liquidity 9/10
- Fees 9.5/10
- Coin Variety 9/10
- UI/UX 10/10
Trading Pairs & Fees
Coinbase Pro can’t show off the same wide range of available trading pairs as Binance, but still has all of the major coins besides Bitcoin and Ethereum: Ripple, EOS, Cardano, Link, Litecoin, Bitcoin Cash and some more. However, there are some specific rules because of which some trading pairs are not available in a number of countries. Talking about fees, Coinbase Pro uses a maker-taker fee model. “Maker” is used when a trader makes an order, and “taker” when it is executing.
| Pricing Tier | Taker Fee | Maker Fee |
|---|---|---|
| <$10K | 0.50% | 0.50% |
| $10K – 50K | 0.35% | 0.35% |
| $50K – 100K | 0.25% | 0.15% |
| $100K – 1M | 0.20% | 0.10% |
| $1M – 10M | 0.18% | 0.08% |
| $10M – 50M | 0.15% | 0.05% |
| $50M – 100M | 0.10% | 0.00% |
| $100M – 300M | 0.07% | 0.00% |
| $300M – 500M | 0.06% | 0.00% |
| $500M – 1B | 0.05% | 0.00% |
| >1B | 0.04% | 0.00% |
Interface
- 1. The main info tab
- 2. The display area with information about the current market
- 3. The display area with your wallet balance
- 4. The display area where you can make an order
- 5. The display area of the order book
- 6. The display area of candlestick chart
- 7. Market depth
- 8. Opened orders of the user
- 9. The display of the latest completed trades
Order Types
Market Orders
To place a market order:
- 1. Select the MARKET tab under the Orders Form section of the Trade View
- 2. Choose to Buy or Sell and enter the size of your order. You can set the size in any supported currency
- 3. Confirm the order
Stop Orders
Stop orders allow customers to buy or sell when the price reaches a specified value, known as the stop price. This order type helps traders protect profits, limit losses, and initiate new positions To place a stop-limit order:
- 1. Select the STOP tab on the Orders Form section of the Trade View
- 2. Choose whether you’d like to Buy or Sell
- 3. Specify the Amount and Stop Price at which the order should be triggered
- 4. Specify the Limit Price
- 5. A stop-limit order will automatically post a limit order at the limit price when the stop price is triggered. Note that your stop order will be triggered instantly if the stop price you specified was already met.
Limit Orders
To place a limit order:
- 1. Select the LIMIT tab on the Orders Form section of the Trade View
- 2.Choose whether you’d like to Buy or Sell
- 3.Enter the order size and your price
- 4.In the Advanced settings, you may select either Post Only or Allow Taker
- 5.Select Place Order to submit your order
Post Only will ensure that your limit order is posted to the order book and sits on the order book to be charged a Maker Fees if it is filled. If any part of the order would execute immediately due to its price when arriving at the matching engine, the entire order will be rejected. This is useful for ensuring that an order is not subject to Taker Fees, if desired.
Allow Taker will allow the order to be executed regardless of whether it crosses the spread to fill an existing order. If any part of the order crosses the spread, that portion will be assessed according to the taker fee rate.
Advanced Limit Order Options
• Good ‘Til Canceled (GTC)– This order will be placed on the order book and remain valid until you cancel it
• Immediate or Cancel (IOC)– This order will be placed and if it is not immediately filled, it will automatically be cancelled and removed from the order book
• Fill or Kill (FOC) (IOC)– This order will only be completed if the entire amount can be matched. Partial matches are not filled with this order type and will not execute
Useful information about the exchange
- Upon creating your Coinbase Pro account, the withdrawal limit is $10,000/day. To increase this limit, you need to visit Limits page and select Increase Limits.
- Deposits of cryptocurrency are unlimited. Deposits of fiat currency (US Dollar or Euro) are limited by payment method.
- Don’t be afraid that KYC consideration will take a lot of time. It is usually takes no more than 10 minutes for the exchange to approve or disapprove your KYC.
- If a user has an account on Coinbase.com exchange, it is not needed to create a new account on pro.coinbase.com.