Pros and Cons of Coinbase Pro
Coinbase Pro is a highly trusted crypto order book exchange. It stands out as a top choice for professional investors and traders with its strong insurance protections and wide global availability. From 2015 to 2018, the original name of Coinbase Pro was GDAX. Today, this exchange offers its services globally, including the United States, Canada, Portugal, and Spain. This platform has over 40 currency pairs to exchange. Without any doubt, it is trusted by most mid-level to experienced traders and investors. Check here for a full list of top cryptocurrency exchanges in the world.
Positives of Coinbase Pro
The pros of Coinbase Pro include:
- Low commissions
- Excellent Security
- Good customer service
- Commissions by referrals
- Intuitive and simple interface
The Coinbase Pro platform offers high trading volumes with an intuitive and world-class interface. It comes with real-time charting tools, order books, trading history, and a straightforward order process that allows immediate trading. With this platform, you will also get access to Websocket feeds of Coinbase Pro. It allows investors and traders to access real-time market data. The platform also claims to keep 98% of the funds of consumers in cold storage. Funds are insured privately, and users’ balances are FDIC insured. Know more details like features, pros, and cons of Coinbase here at Coinbase reviews.
Negatives of Bitcoin Pro
The cons of Bitcoin Pro include:
- The presently available number of pairs are low
- A centralized exchange
- Need personal verification to work
Coinbase Pro allows the trading of established coins like Bitcoin, Litecoin, XRP, and Ethereum. So, adventurous traders and investors may not be comfortable with the limited token offerings of the platform.
Our Verdict
Coinbase Pro is among the best crypto trading platforms for advanced, professional traders with its ground-breaking features. It is a secure platform with lots of verification processes to protect the user accounts. It has an intuitive trading interface with detailed trading charts, and real-time data feeds for a flawless experience. With high liquidity and volume, Coinbase Pro is an outstanding option for those high volume investors out there due to its low fees. Whether you choose to trade on the app or website, Coinbase Pro will let you trade seamlessly and securely. Its platform is so simple to use that even beginners can familiarize themselves with its terminologies and begin investing.
FAQs
Is Coinbase Pro Safe?
Yes, Coinbase Pro is completely safe to use. The platform performs financial audits and IT security checks regularly. On this platform, an amount of up to 250K US dollars is FDIC insured. The funds on Coinbase Pro are supported by the US government as well. Coinbase Pro has gone the extra mile to make sure that its customers’ crypto assets remain secure. It is thus a safe exchange with high volume and liquidity.
Is It Safe to Keep Crypto on Coinbase Pro?
Coinbase Pro is a safe haven as an online trading platform. When it comes to keeping cryptos on Coinbase Pro, the platform claims to keep 98% of its clients’ digital assets in cold storage. It helps prevent the assets from hacking, theft, and other crimes. Coinbase Pro has many security measures to guarantee protection when it comes to data security. Bitcoins, for example, are distributed geographically in safe deposit vaults and boxes.
Is Coinbase Pro Better Than Coinbase?
Coinbase Pro is better than Coinbase because it is designed for the more professional and experienced traders. Traders who want a sophisticated trading experience should turn to Coinbase Pro. Coinbase Pro is also known among the traders for lower fees.
Can I Get Scammed on Coinbase Pro?
No, you cannot get scammed on Coinbase Pro as the company applies great security measures to save its clients from such incidents.
