If you are looking for a way to buy, sell or trade cryptocurrencies, then Coinbase Pro is the best place.
This article discusses why it’s cheaper than other crypto exchanges and how it can provide more value to your trading needs.
Additionally, we will explore some of the reasons why you should consider using Coinbase Pro as your main cryptocurrency exchange.
The idea that something might be cheaper sounds great at first. However, when it comes to cryptocurrency, the idea of “cheaper” brings up some concerns.
So, why is Coinbase Pro so cheap? The answer lies in the three reasons mentioned below: fees, transaction speed, and availability of assets.
The fees section is where Coinbase Pro excels. It even beats out those other mainstream cryptocurrency exchanges known to provide fee discounts from time to time.
The exchange does not charge different rates based on volume or size of transactions, a common practice among most exchanges. Instead, fees are standardized at 0.3% per transaction on Coinbase Pro.
Additionally, the exchange does not charge withdrawal fees either. Some cryptocurrency exchanges do this to increase their profits, while others believe that charging these fees can discourage people from trading.
With Coinbase Pro, users only pay the network fee, which is currently at $0.30 for Bitcoin withdrawals and 0.0003 Ethereum withdrawals.
2. Transaction Speed
If you are interested in buying or selling large amounts of cryptocurrency, then transaction speed is important to you.
If not enough people can buy or sell an asset at a certain price without impacting the market, then profits are minimized.
The higher the demand for cryptocurrency is, the more helpful it is to have the higher transaction speed that Coinbase Pro offers.
3. Availability of Assets
This is important for investors who are interested in making their trades quickly and efficiently.
If many cryptocurrencies aren’t available on another exchange, then you’ll have to wait for your preferred tokens to become available before you can buy or sell them.
Coinbase Pro has more than 100 different cryptocurrencies that can be traded on it.
There are some other reasons why Coinbase Pro stands out from its competitors. Here are just a few of them:
1. Coinbase Pro is Available in More Than 30 Different Countries
Some cryptocurrency exchanges are only available for use by investors who live in certain parts of the world.
Coinbase Pro has a presence everywhere, making it easier for you to buy or sell cryptocurrencies without waiting for your preferred token to become available on other exchanges.
2. Coinbase Pro Requires Minimal Personal Information
Some cryptocurrency exchanges request that you provide them with too much personal information before you can start trading on their platforms.
They require your full name, social security number, and possibly even a picture of your ID card before they will allow you to open an account with them. Coinbase Pro is more flexible and only asks for minimal personal information.
3. Coinbase Pro Has No Deposit Fees or Withdrawal Fees
Coinbase does not charge anything for depositing cryptocurrency into your account or withdrawing it. This makes the process of transferring funds to and from Coinbase Pro even more efficient than other exchanges.
4. Availability of a Large Number of Cryptocurrencies
This is another reason why you should consider using Coinbase Pro as your main crypto exchange. With over 100 different tokens available for trading, there is a token available that can support your investments.
5. Security Protocols
In addition to Coinbase’s secure servers, customers also get access to two-factor authentication and a vault in case you need to store your assets in a more secure environment.
Coinbase Pro continually invests in ensuring that its exchange is secure. It uses a combination of governmental standards and protocols to ensure that its platform is safe for investors to use.
6. More Than 120 Cryptocurrency Assets are Available to be Traded on Coinbase Pro
When you use Coinbase Pro, then you’ll have more than 100 different cryptocurrencies available to trade.
This makes it a better choice for investors interested in diversifying their assets and protecting themselves from market volatility.
Coinbase Pro is a cheaper cryptocurrency because;
1. There are no deposit fees or withdrawal fees.
2. The transaction speeds are very fast.
3. Availability of assets.