Coinbase Pro has many different benefits that may or may not be similar to other similar sites that enable you to trade cryptocurrency.
The main benefit which is a common characteristic to Coinbase and similar sites is that it allows you to use fiat money such as euros and USD to buy different cryptocurrencies.
In this blog, I am going to dive deeper into Coinbase to explore the benefits of the platform and expand your knowledge about Coinbase.
Some of the benefits of using Coinbase are as explained below,
1. Advanced Charting Features
Coinbase Pro is a platform for people who are not new to trading in crypto. Therefore, it has advanced charts that are more detailed hence more informative to ensure the trading decisions you make are informative.
It also has charts for trading crypto pairs hence providing more trading options.
2. Variety of Cryptocurrencies
Coinbase pro supports more than 250 different types of cryptocurrencies, therefore, providing you with more trading options. A large number of crypto enables you to trade your favorites and gain interest in the currencies that are not as popular yet.
3. Lower fees
The platform offers many transaction types as compared to the other sites with lower fees of 0% to 0.5% per trade.
These lower fees are perfect for active traders who make multiple trades since it will be costing you less as compared to other platforms.
4. Top-notch Security
Security is a very important factor to consider and Coinbase has not been left behind.
The platform offers various security procedures such as two-step verification, AES-256 encryption for your digital wallet, and biometric fingerprint logins.
It also provides FDIC insurance for USD balances in the case where the platform security measures will be breached.
5. Variety of Transactions
The platform allows for almost all the transactions you can imagine that involve cryptocurrencies.
It allows you to buy, sell, deposit, trade, limit order, stop order, and time in force order. The variety of transactions enable you to plan your trades and get the most out of them.
6. Unlimited Trading Amount
The platform allows for unlimited trading amounts regardless of the region you are transacting from or the means of payment that you use for your transactions hence providing for limitless possibilities when it comes to trading.
7. Mobile App
The platform also offers a mobile application to provide similar features to those of the website. The app is free, very highly rated, and available for both android and iOS.
The app is seamless and provides an experience that is similar to interacting directly with the platform.
8. Digital Wallet
Coinbase Pro offers a hot wallet service that you can use to store your crypto. You can therefore earn your crypto and store it within the same platform.
It is a multi-coin wallet which means you can use it to store any type of cryptocurrency. The wallet is available even for traders who do not use Coinbase pro to trade.
9. User Education
Coinbase Pro offers knowledge to its users. From the platform, you can find video tutorials, guides, and how-to articles and market updates that will give you more insight into the current market so that you will be able to make informed choices during the trades.
The guides also give you tip on how to maneuver the platform and get the most of it.
What are The Benefits of Coinbase Pro?
Some of the benefits of using Coinbase pro are;
- Advanced charting features
- Variety of cryptocurrencies
- Lower fees
- Top-notch security
- Variety of transactions
- Unlimited trading amount
- Mobile app
- Digital wallet
- User education
Coinbase Pro is a reliable platform for busy traders that offers multiple options to ensure you enjoy your trading experience.