There are several reasons why you may want to transfer your crypto from Coinbase to Coinbase Pro. Although the same company owns it, the two exchanges operate very differently. There is a big difference when it comes to Coinbase vs. Coinbase Pro.
If you want to switch from a buy-and-hold investment strategy to a higher volume trading strategy, it is worth switching from Coinbase to Coinbase Pro. If you want more detailed information about your crypto assets, it’s worth it and transfers from Coinbase to Coinbase. Pro.
Coinbase Pro only allows bank accounts, wire transfers, or wallet transactions. It does not accept credit or debit card purchases. If you want to deposit money into your Coinbase account, you can transfer it from Coinbase to Coinbase Pro at no additional cost.
It is very easy to transfer from Coinbase to Coinbase Pro. Just follow the step-by-step guide we’ve provided below.
Can you transfer funds from Coinbase to Coinbase Pro?
Yes, you can move any part of your wallet to Coinbase Pro at any time at no additional cost.
You may have started out your Coinbase account as a novice cryptocurrency investor. You used its simple user interface and video lessons to increase your skills and knowledge. However, you want more authority over your trading decisions, and you need a more advanced user interface.
Or maybe you started your Coinbase account when your cryptocurrency investment strategy was a buy-and-hold strategy. But now wants to use stop and limit orders to make more subtle buying decisions. You want to upgrade to a trading platform that allows you to make high-volume trading decisions.
Always look out for the transfer fee.
If you transfer your Coinbase assets to another trading platform, you will be charged a transfer fee. However, you can transfer your assets from Coinbase to Coinbase Pro for free. If you are searching for a more advanced trading platform, moving your assets to Coinbase Pro makes perfect sense.
Reasons to transfer to Coinbase Pro.
You can quickly become a crypto expert with its simple user interface, straightforward graphics, and built-in user training.
Coinbase’s fee structure implies you pay a lot of money per transaction. It is good if you have a buy-and-hold trading strategy. But if you want to make high-volume trades, the fees are high-priced.
Coinbase Pro is designed for investors who want to trade cryptocurrencies actively. They use a maker-taker commission structure, which discounts the number of trades made on the platform. Based on monthly trading volume, these fees start at 0.50% and gradually decrease for traders with higher volume.
Stop and limit order.
You can use limit and stop orders to make more subtle buying decisions. Coinbase Pro also provides users with advanced chart views. The default view displays the candlestick chart of high and low prices in a specific time frame. The advanced view can be configured to show more exponential overlays with mobile media. Better access to information gives experienced traders more insight into a cryptocurrency’s performance.
Coinbase Pro provides access to your API keys for even greater control over cryptocurrency trading. This means that you can integrate third-party apps with your Coinbase account. You can configure your third-party apps to have full control over cryptocurrency trading.
Advantages and disadvantages for different users
Although Coinbase Pro has its advantages, it is not the best option for everyone. Newbie investors will find the interface and experience difficult. Also, if you use a buy and hold strategy, Coinbase Pro’s high volume fee schedule may not be for you.
When choosing a cryptocurrency exchange, do your research. Each has its advantages and disadvantages, and you should choose the stock market that best suits your trading strategy.
Alternatively, you can use Coinbase as a platform to add money to your account using a debit or credit card or even Paypal. You can then transfer your balance to Coinbase Pro at no additional cost.
How to transfer to Coinbase Pro
Although Coinbase and Coinbase Pro accounts are connected, they have separate wallets. Transfers from Coinbase to Coinbase Pro are free. Here is how to transfer from Coinbase to Coinbase Pro:
- Login to Coinbase Pro
- Access the Coinbase Pro trading page
- Find the currency you want to deposit
- Choose your Coinbase account
- Select Deposit
Below we will analyze each of these steps in more detail.
Step 1: Log in to Coinbase Pro
You can log in to Coinbase Pro using your Coinbase account. Just use your Coinbase username and password.
Step 2: Access the Coinbase Pro trading page
You want to deposit assets into your Pro account, so go ahead and look for the “Deposit” button. It is usually found on the Wallet page and is located on the left side of the page. Once you have selected “deposit,” a pop-up window will appear.
Step 3: Find the currency you want to deposit
Select the type of currency (e.g., BTC, ETC) you wish to deposit in Coinbase Pro and enter the desired deposit amount.
Step 4: Select your Coinbase account
In the drop-down list, click Coinbase Wallet. You will also be able to see the available balance in your Coinbase Wallet (from Coinbase) that you can transfer to Coinbase Pro. If you don’t have a balance, go to Coinbase and add the funds there. You can also use PayPal directly to add money to your Coinbase account.
Step 5: Select Deposit
Simply select the Source (which will be the wallet you wish to transfer from), enter the amount you wish to transfer, and finish by pressing the Deposit < amount entered> button to transfer to Coinbase Pro.
Nnamdi Adibe is a native English writer and can write about many things. With his writing skills, he can provide well-researched content.
Nnamdi Adibe is a prolific writer at gblogo.com. He is interested in bringing you perspectives on financial liberation, fun, and investment from the rare vantage point of experience.
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