Coinbase is a great platform for buying, selling and storing virtual money and cryptocurrencies. Where you can buy Etherum, Litecoin and Bitcoin through a bank account, credit or debit card and PayPal. This website has its most complete alternative called Coinbase Pro.
Coinbase Pro is a much more secure network that has a low commission level that makes it much easier to use the normal version of Coinbase. So here you will learn about this great platform.
What is Coinbase Pro?
It was created under the name of Coinbase Exchange and then transformed to GDAX during the period between 2015 – 2018, with the function of being a virtual currency and money trading network.
Trading is simply the action of selling and buying cryptocurrencies in order to generate greater income than those sold or invested.
Coinbase Pro It gives you the option to convert the Fiat currency, dollars or euros, to cryptocurrencies. Or also change cryptocurrencies to other types of virtual money such as local currencies.
The particularity of Coinbase Pro is that Its commissions are very low without lowering the security level, just by telling you that on this platform no one has been hacked or scammed. It also has this way of cold storage, where users can save their funds without being connected to the internet.
Advantages of Coinbase Pro
The big update to the Coinbase platform, has three main objectives:
- Buy and sell cryptocurrencies immediately and safely.
- Action of intraday trading, which has to do with a short-term investment where all processes have to be closed before the market closes.
- Avoid high commissions that exist in the regular version of Coinbase.
These objectives were determined by its creators and developers, to provide a better experience to its users.
Main features
Like any update, despite being similar to its eponymous version, Coinbase Pro has a set of features that differentiates it from the other version:
- Types of cryptocurrencies that Coinbase Pro handles: Bitcoin, Ox (ZRX), Etherum, Bitcoin Cash, Etherum Classic, and Litecoin.
- its security system is prioritized thanks to the security measures of data encryption, cold storage and SSL encryption.
- The commissions of Taker (Operator to do the operation immediately) are from 3%, and from Maker (Operator with a price different from the market) from 0%.
- The types of deposits available by Coinbase are by cryptocurrencies (Any amount from an external wallet. It takes a few minutes), SEPA (Sending euros for a transfer from a European bank. They take 2 business days) and ACH (Sending dollars by transfer from a US bank).
Coinbase Pro operates in the countries: United States, Canada, Singapore, Australia, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Finland, Greece, Hungary, Ireland, Italy, Latvia, Liechenstein, Malta, Monaco, Holland, Norway, Poland, Portugal, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland and the United Kingdom.
Till the date It does not give options that it can work in countries of South America, Central America, Caribbean countries, African countries and most of the Asian continent.
