How does Coinbase Pro work?Ĭoinbase Pro, which the company renamed from its old GDAX brand, takes cryptocurrency transactions to the next level and targets more sophisticated investors. The maker fee ranges between 0.00% and 0.40%, depending on your trading volume. These trades go into the order book until another customer makes a matching order. The exchange also charges a maker fee for trades that are not immediately matched by an existing order. This taker fee ranges between 0.05% and 0.60%, depending on the volume of your trades over the past 30 days. There is a taker fee for immediate trades placed at market price. It updated its fee structure in March 2022 to reflect the future goals of the exchange. Additionally, It might take some time for the funds to reach your account, so your cryptocurrency transactions might not be completed until your funds clear.Ĭoinbase does charge fees to use their cryptocurrency exchange. You could fund your account with a bank transfer using either an ACH or wire transfer, but fees may be associated. To use the service, you could fund your account in several ways. You don’t have to pay a fee to sign up for an account either. There aren’t advanced features you have to learn to use the platform, such as stop or limit orders. The service targets cryptocurrency beginners by offering a simplified platform for crypto trading. Converting cryptocurrency is done in trading pairs, essentially pairing one cryptocurrency with another. They also allow you to convert cryptocurrencies from one to another for more trading options. People new to cryptocurrency who want to get their feet wetĭedicated cryptocurrency traders serious about investingĬoinbase provides its users a place to buy, sell, send, or receive more than 170 different cryptocurrencies by using fiat currencies, such as the U.S. Vault protection with time-delayed withdrawals.Automatically schedule recurring purchases.Advanced trading orders such as stop or limit orders.Buy, sell, trade, send, and receive cryptocurrency.Buy, sell, exchange, send, and receive cryptocurrency.Today, both platforms - Coinbase and Coinbase Pro - allow people to buy, sell, send, receive, and exchange various cryptocurrencies.ġ70+ cryptocurrencies are currently supported in the U.S., including: Instead, the CEO describes Coinbase as a decentralized company.Ĭoinbase was founded in 2012 to enable people to send and receive Bitcoin safely. But, surprisingly, the company doesn’t have a headquarters. Which cryptocurrency exchange should you choose?Ĭoinbase and Coinbase Pro are operated by the same company, Coinbase, Inc., which recently became a publicly-traded stock.5 important differences between Coinbase vs.What both cryptocurrency exchanges excel at.This Taker Fee is just 0.5% on Coinbase Pro - and it also drops lower for larger transactions over $10,000. Fees on Coinbase do vary, but buying cryptocurrency using a bank transfer will see Coinbase take a 1.49% cut of the transaction. One of the key differences between Coinbase and Coinbase Pro is the fees. If you can get past Coinbase Pro’s less friendly user interface, the upgraded exchange offers a variety of extra features and charting compared to Coinbase, which makes it the perfect choice for more active traders. Should You Transfer From Coinbase To Coinbase Pro? To know more about Coinbase Fee Structure, click on this link here. However, as far as other transactions are concerned, the user has to pay nominal charges to conduct cross-transfers to third-party apps, exchanges, and wallets. However, it is to be noted that coinbase has decided to merge Coinbase Pro with the advanced trade feature and Coinbase pro will no longer function as a seperate entity Is There A Fee For Transferring Funds From Coinbase To Coinbase Pro?Īs per its official website, Transferring funds from Coinbase to Coinbase Pro is free of cost, and no additional charges are levied on users who wish to transfer their funds from Coinbase to Coinbase Pro. While cross-exchange transfers such as those between Binance and Coinbase may be more complex (and riskier), it’s a relatively simple process for inter-Coinbase transfers. Read More: How To Withdraw Cryptocurrency From Coinbase And Transfer To Crypto Wallet?Īnd that’s it. If you want to deposit all of your cryptocurrency holdings, select Max. Input the amount you want to transfer to Coinbase Pro.Choose your desired cryptocurrency from the pop-up tab, and then select the transfer from.Click Deposit from the bar on the left side.Given both Coinbase and Coinbase Pro exist within the same exchange network, transferring between the two is relatively easy, and most importantly, free. How To Transfer From Coinbase To Coinbase Pro? Here’s how to transfer cryptocurrency to Coinbase Pro.
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