🔥 Coinbase Pro test 2021: broker experiences & rating
Speculating like trading cryptocurrencies may become more and more popular. This is due on the one hand to an increasingly strong crypto market, on the other hand to the zero interest rate policy of the European Central Bank - also known as the ECB. Because with classic savings products there is no longer any income to be achieved today. If the credit interest rate is below inflation, there is a real loss in value. Therefore, today it is no longer saving that is interesting, but investing.
To get access to the crypto market it is necessary register with an appropriate platform. In this case you will probably come across Coinbase Pro. But is Coinbase Pro recommendable or would it be better to choose another provider?
In order to be able to answer this question, one has to delve deeply and deal with the structure of the platform. Because there may very well be a few providers that need to be questioned, so one should be careful about whom the trust is ultimately given in the form of a registration.
It should be noted that Coinbase Pro is, so to speak, a complement to the Coinbase crypto exchange which is one of the most famous crypto exchanges.
We generally recommend at Bitcoin News.one eToro for trading cryptocurrencies. eToro is a so-called social trading broker that not only offers classic investments in crypto currencies, but also enables the copying of strategies and decisions by experienced and successful traders who are all on eToro.
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Coinbase Pro Brief Overview - The most important facts about Coinbase Pro
- Coinbase Pro is, so to speak, the extension of the Coinbase range
- The FDIC steps in as a type of deposit insurance
- There are several cryptocurrencies available
- The fees are extremely attractive
Registration with the broker Coinbase Pro: Our step by step guide
The registration is self pose no difficulties for a beginner. As a rule, the providers try to set up the platforms as simply as possible so that the beginner is not immediately "chased away".
1. Registration with Coinbase Pro
Registration takes only a few moments. Coinbase Pro wants to know the “typical data” of the new user: This includes, for example, the first name and surname or the email address. In the course of generating the password, it is important to choose a combination that consists of uppercase and lowercase letters, numbers and special characters. The more complex the password, the more “secure” the access to your private account.
If you have already registered and are using Coinbase, you can easily upgrade to Coinbase Pro. A new registration is then not necessary.
2. Verification
In the course of the verification, the new user has to prove his identity. In this case using the VideoIdent procedure using photo ID. A completely normal procedure that will not cause any problems here either.
3. deposit
If the registration has been successfully completed, you can then make the first deposit. Select "Assets" in the menu, then click on "Deposit" and choose the currency that you want to deposit. This is followed by the wallet address to which the money can be transferred.
Coinbase Pro accepts the following payment methods:
- Bank Transfer
- Klarna / Sofortuberweisung
- Credit card
- Neteller
- Paysafecard
- Skrill
- PayPal
Depending on the selected payment method, the money will then be available in the account either a few seconds later or after two to three working days.
4. Trading on the platform
If the transaction has been completed and the money is then in the Coinbase Pro trading account, trading can already begin. The respective cryptocurrency trading pair can be selected in the drop-down menu at the top left.
What is Coinbase Pro? The history of the provider
Coinbase Pro is the expanded edition of the Coinbase exchange. There are several available here crypto currencies, which can then be traded. Coinbase was founded in 2012. Coinbase Pro was marketed under the name GDAX until 2018. The company is based in San Francisco / USA. According to its own information, Coinbase Pro is used by more than 20 million people.
Our Coinbase Pro experiences: The Coinbase Pro conditions in the test
If you are interested in trading cryptocurrencies, you will probably come across Coinbase Pro. In order to know whether the provider meets your personal requirements, you then have to take a look at the conditions.
Now that we've gone through the details of trading on Coinbase Pro, we're on to it BC1 It became clear that Coinbase Pro has great features, but is not attractive for everyone and only offers a few cryptocurrencies. We therefore recommend the eToro exchange.
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Trading at Coinbase Pro: The offer of the individual trading instruments in the test
If you use the Coinbase Pro service, eight crypto currencies are available. Via your own Coinbase Pro-Wallet you can then buy and sell coins of certain cryptocurrencies directly.
It should be noted that Coinbase Pro is a pure digital currency broker. Other assets, such as stocks such as foreign exchange and the like, are not available.
In addition, the Coinbase Pro offer is aimed purely at private investors. Coinbase Prime is recommended for institutions.
Depending on the regulations of the country in which the main residence is located or from which Coinbase Pro is used, the following cryptocurrencies are available. Trading pairs with US dollars are only available in the USA - trading pairs with British pounds, on the other hand, can only be used in Great Britain.
USA:
- Bitcoin - U.S. dollar
- Bitcoin Cash - U.S. dollar
- Ethereum - U.S. dollar
- Ethereum Classic - US dollars
- Stellar - U.S. dollar
- Ripple - U.S. dollar
- Litecoin - U.S. dollar
- 0x - U.S. dollar
Great Britain:
- Bitcoin - British pound
- Bitcoin Cash - British pound
- Ethereum - British pound
- Ethereum Classic - British Pounds
- Litecoin - British pound
- Bitcoin - Euro
- Bitcoin Cash - Euro
- Ethereum - Euro
- Ethereum Classic - Euro
- Litecoin - Euro
- Stellar - Euro
- Ripple - Euro
Europe:
- Bitcoin - Euro
- Bitcoin Cash - Euro
- Ethereum - Euro
- Ethereum Classic - Euro
- Litecoin - Euro
- Stellar - Euro
- Ripple - Euro
The functions of the Coinbase Pro trading platform
Coinbase Pro offers the possibility to trade with cryptocurrencies. So if you are interested in cryptocurrencies, this is the right place for you.
Coinbase Pro account types
In addition to Coinbase, there is also Coinbase Pro and Coinbase Prime for institutions.
The Coinbase Pro app
A dedicated Coinbase Pro app has been available for some time. This mobile application is clearly different from the classic Coinbase app. The interface is a bit more complex; probably because you only like experienced people here professional traders wants to address. This is also underlined by the high volume trading. The app is available for iOS and Android and can be downloaded from the Google Play Store or App Store at any time and installed on the mobile device.
The deposit methods at Coinbase Pro
As mentioned earlier, Coinbase Pro accepts some payment methods:
- Bank Transfer
- Klarna / Sofortuberweisung
- Credit card
- Neteller
- Paysafecard
- Skrill
- PayPal
This diversity will probably guarantee that you as a trader do not have to make any compromises, as the preferred payment option will probably be included.
Security with Coinbase Pro
98 percent of all cryptocurrencies owned by the customer are secured “offline” - they are in a “cold wallet”, so to speak. In addition, the insurer FDIC protects every customer up to US $ 250.000. It is also possible to protect your account with 2-factor authentication.
In other words, when it comes to security, Coinbase Pro may well have done a lot of convincing.
Regulation of Coinbase Pro
Due to the fact that it is a crypto broker, there is no regulation.
Deposit insurance from Coinbase Pro
The insurance is provided by the insurer FDIC - this covers US $ 250.000 / customer. However, there is no classic deposit insurance.
Coinbase Pro customer service
The FAQ area may be positively emphasized, otherwise it must be noted, in fairness, that based on the size of the company, there are probably too few contact options to then reach the employees. Coinbase Pro employees can either be reached via the contact form or email - a phone number is available, but it should be noted that all support is only offered in English.
Coinbase Pro Conditions: Fees & Costs
If you use Coinbase Pro, then of course the question of how high the fees can be. Because fees naturally gnaw at the profits and should therefore be as low as possible.
Taker fees = 0,05 percent to a maximum of 0,25 percent
Maker fees = 0,00 percent to a maximum of 0,15 percent
Experiences and user opinions about Coinbase Pro on the Internet
If you search the Internet for experiences with Coinbase Pro, you will usually come across almost only positive comments. Coinbase Pro is a reputable provider who also understood how to appeal to beginners.
Is Coinbase Pro scam or legitimate? Our Coinbase Pro rating
Coinbase Pro is reputable. Anyone who decides to expand the Coinbase offer does not have to worry that fraudulent or questionable actions or processes are being pursued.
Cons of Coinbase Pro: What didn't we like?
The offer is manageable - there are already some providers who convince with a much more diverse range. In addition, the customer service is not convincing. This is because there are only a few contact options and support is only offered in English.
We at Bitcoin-News.one find that an appropriate and very good alternative to Coinbase Pro eToro is. The fees are much lower, the customer service is fantastic, and there is a wide variety of cryptocurrencies to choose from.
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Coinbase Pro advantages: what we liked
There are some cryptocurrencies and very low fees. In addition, it is a reputable provider - in the background there is still the protection of the FDIC, which guarantees a kind of deposit protection up to 250.000 US dollars / customer.
The bottom line: that's what we think at Bitcoin-News.one!
If you are interested in that Trading with cryptocurrencies, Coinbase Pro is definitely an interesting option. We at Bitcoin News.one therefore think that you should definitely deal with this offer.
It is important that you clarify for yourself how high the amount to be invested should be. The market is extremely volatile - so it is advisable to only pump freely available capital into the crypto market.
Frequently asked Questions:
Coinbase Pro is an interesting broker whose offer can be taken advantage of if you are interested in trading cryptocurrencies.
Yes. If, in the course of the comparison, one comes to the result that Coinbase Pro fulfills the self-set ideas, then a recommendation must be made.
The broker may certainly be a support and does not put any obstacles in the way when it comes to wanting to participate successfully in trading.
A broker who is ideal for speculating and trading with cryptocurrencies. Very good provider, whose program can be seen in more detail.