What is Coinbase Pro exchange? Learn more about Coinbase Pro exchange

Coinbase Pro exchange is considered a famous exchange in the potential cryptocurrency community.

Overview of Coinbase Pro exchange
What is Coinbase Pro exchange?
Coinbase Pro is a leading cryptocurrency exchange in the US and expanding worldwide. The exchange is owned by the company Coinbase.com – outstanding for its crypto wallet service and quality crypto exchange platform. These e-wallets can be Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), …

Discover what's special about Coinbase Pro
History begin
In 2016, Coinbase exchange was established under the name GDAX – a Bitcoin exchange under Coinbase. In May 2018, Coinbase exchange officially parted ways with GDAX to welcome a promising new potential in the international currency trading market, Coinbase Pro. However, after many surveys and developments of the technology platform, Coinbase was officially converted to a new, more modern platform, called Coinbase Pro.

Coinbase Company with headquarters in the United States. Here owns a large cryptocurrency ecosystem, excellent and modern security mode. Products from Coinbase are known as: Coinbase Pro trading platform, Coinbase wallet, Coinbase Custody storage service.

Target
Coinbase Pro, an upgraded version of GDAX with a special design, many convenient features. The goal of this exchange is to provide users with a globally open financial system, leading in the field of crypto-to-fiat conversion.

Pros and cons of Coinbase Pro exchange
Advantages
Good security features, safe : Coinbase Pro exchange is rated as one of the safest digital currency trading platforms in the world. Coinbase is integrated with advanced technology with 2FA security, quality email identity verification, and more.
Safe offline storage : 98% of customer cryptocurrencies are absolutely guaranteed by Coinbase exchange using cold wallets.
Legitimate Exchanges : Coinbase operates under the strict control of US regulatory authorities. Therefore, Coinbase exchange is one of the few legitimate exchanges today.

Improvements of Coinbase Pro exchange
High Liquidity : Coinbase Pro owns a huge trading volume, so Coinbase Pro has extremely high liquidity.
Support Coin trading with Fiat (fiat currency): Coinbase Pro exchange focuses on providing Coin pairs with Fiat such as USD, EUR, GBP. Currently Coinbase does not have VND.
Very nice, professional trading interface with analytical charts and order, price, ... easy to use system
Stop - Limit order: Besides basic trading orders, Coinbase exchange also integrates Stop - Limit orders to help traders cut losses and take profits automatically.
Depositing or withdrawing fees for Coinbase is completely free, but there is a fee for depositing Fiat.
Defect
Coinbase Pro exchange currently does not support Vietnamese users in the purchase and sale of Coins.
Transaction costs are quite high compared to existing exchanges in the market, making it difficult for investors with little capital. From 0.1% to 0.3%, to achieve a fee of 0.1%, investors need to trade at least 10 million USD.
Coinbase exchange supports few Coins and Tokens, currently in each transaction there are 13 Coins and Tokens. Therefore, Coinbase exchange does not seem to be effective for scalpers.
Coinbase Pro does not support margin trading.
Focusing mainly on the US market and institutional investors, Coinbase Pro's trading volume is only in the top 30 according to Coinmarketcap.
Coinbase Pro Exchange Fees
Currently, Coinbase Pro exchange has a total of three main types of transaction fees.

Coinbase Pro Exchange Free Trading
Trade Free transaction fee
Coinbase Pro applies to the exchange with a maker and taker fee mechanism. For floor maker fees, there is no transaction fee, and for takers, depending on the volume of transactions in the last 30 days, fees are from 0.1% - 0.3% and calculated in USD.

Under $10 million : taker fee: 0.3%, maker fee: 0%
From 10M to 10M USD : taker fee: 0.2%, maker fee: 0%
Over 100M USD: taker fee: 0.1%, maker fee: 0%
For maker fee, when you place an order with a buy price higher than the selling price, lower than the buy price, the order will be immediately displayed in the "Order Book" section and you will not be charged. As for the taker, you place an order greater than or equal to the floor price when buying, lower than the floor price when selling, you are considered a taker and charged.

Deposit Free Deposit Fee
Coming to Coinbase Pro, your deposit will be free of charge. However, with fiat currency USD will cost 10USD, and EUR is 0.15€.

Withdrawal Fee
Quite similar to the deposit fee, when you withdraw money at Coinbase, there will be no fee. But for fiat currency USD will have a fee of 25 USD, and EUR is 0.15€.

Instructions on how to use Coinbase Pro from A - Z
Instructions on how to register an account on Coinbase Pro
Step 1 : To register for an account at Coinbase Pro, go to the page: https://www.coinbase.com/fr/signup , fill in the required information and click “Sign Up” .
Step 2: Access your email, click on the Coinbase Pro account confirmation link sent by the system.
Step 3 : You proceed to re-login your account and confirm your personal phone number.
Step 4 : The system automatically sends a message to your phone number containing a 7-digit code. At this point, you enter this code to confirm and complete your own Coinbase Pro account.
How to activate 2FA for Coinbase Pro exchange account
Enabling 2FA is a way for you to increase the security of your Coinbase Pro account. Specifically, the steps are as follows:

Step 1 : You access the website: https://www.coinbase.com/signin?return_to=%2Fsettings%2Fsecurity_setting .
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Activate 2FA for Coinbase Pro exchange account
Step 2 : Click "Enable Authenticator" .
Step 3 : The system asks the user to confirm the phone number again to open 2FA.
Step 4: Open the Google Authenticator app on your phone, Scan the displayed floor QR code . Don't forget to save the 16-digit Key for Backup when needed.
Step 5 : You re-enter the correct 2FA code and click “Enable” .
Activate Bitcoin wallet on Coinbase exchange
Step 1: To create a Bitcoin wallet, visit the website: https://www.coinbase.com/signin?return_to=%2Faccounts%2F
Step 2 : At the main interface, click "Receive" . The message appears, click "Show Address" , the Bitcoin wallet address will appear.

Activate Bitcoin wallet on Coinbase exchange
Through the information TinoHost provided above, hopefully you can grasp the basics of Coinbase Pro exchange. To find the most reliable, secure crypto wallet service, Coinbase wallet is always the top recommendation. Hope you use your wallet effectively!

WARNING: This is an information sharing article, not a call to invest, you must be responsible for your own decisions. Investing in financial products always involves a lot of risks, so you need to consider carefully before making a final decision. Wish you wise and sober to make the right investment decisions!

FAQs about Coinbase Pro exchange
What is Coinbase Pro's jurisdiction?
Coinbase Pro is currently supported in 32 countries. In particular, countries such as Singapore, Canada, and Australia are only granted the right to buy but not to sell. Currently, Vietnam is not on Coinbase Pro's support list.

Is Coinbase Pro a Scam?
Coinbase Pro exchange is not a scam. Coinbase Pro or the Coinbase wallet service currently has not been hacked. This exchange is safe with extremely high security, operates legally and is registered with FinCEN – the US financial crime enforcement network. Therefore, Coinbase Pro is a very reliable exchange.

What are the payment methods at Coinbase Pro?
Accepted payment methods at Coinbase Pro are: Paypal (US), Bank account, Deposit Credit/Debit Card.

What is the fee at Coinbase Pro exchange?
The negotiation fee at Coinbase Pro exchange is free in the range of 0%-0.3%.