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2019 Coinbase Pro Exchange Review

Updated: Oct 18




Coinbase Pro offers high-volume trading of cryptocurrencies against the US dollar.  Previously known as GDAX, Coinbase rebranded the platform to Coinbase Pro in 2018. Built for professionals, the exchange allows leveraging up to 500:1 and is insured by the NYSE and other venture capital firms.


Read on for a full review of features and about fees, security, and other important details.


Fiat and Cryptocurrencies Supported 


Coinbase Pro supports the US dollar (USD) and euro (EUR) as well as Bitcoin, Ethereum, and Litecoin. The most popular currency pairs offered include:


  • BTC/USD

  • BTC/EUR

  • ETH/USD

  • ETH/BTC

  • LTC/BTC

  • LTC/EUR

  • BCH/USD

  • BCH/BTC


The exchange current has markets for 52 trading pairs.


Payment Methods


Coinbase Pro offers several payment methods, including options for same-day deposits.  The exchange accepts Automated Clearing House (ACH) bank transfers and wire transfers in USD.  Coinbase Pro also can handle Single Euro Payments Area (SEPA) deposits and withdrawals in euros.  Users can also transfers assets directly from existing Coinbase accounts.


Fees and Limits


Coinbase Pro assesses fees as a percentage of the quoted currency under a Maker/Taker model.  The fees are highly competitive and provide discounts on various 30-day user volumes.


* Pricing tiers are determined by 30-day trading volumes.


Deposit Fees


USD wire deposits incur a $10 charge regardless of the amount of the deposit.  All other deposit methods are free.


Withdrawal Fees


Coinbase Pro withdrawal fees are very straightforward and reasonable as well.  ACH withdrawals are free while SEPA and USD Wire withdrawals are EURO.15 and $25 respectively.


Limits


There are no limits on deposits for verified users on the Coinbase Pro Exchange.  Users can make as many deposits as needed per day with no limit on the amounts that can be deposited.  The standard daily withdrawal limit on Coinbase Pro is $10,000. Users can increase the daily limit by submitting a request for review of their account volumes.

Funds Availability


Wire transfers are credited to user accounts the same day provided they are initiated before the 2pm ET daily cut-off.  ACH bank transfers can take 7-10 days to clear and be deposited into accounts.


Coinbase Pro Exchange Functionality


This exchange in an interface for experienced traders and cryptocurrency enthusiasts.  It includes candlestick charts, depth charts, market data feeds and other advanced features.  The interface is highly intuitive and has real-time order books, trade histories and a wide range of charting tools.


Security


As one of the most trusted platforms in the world, Coinbase Pro includes FDIC insurance for Coinbase USD wallets up to $250,000.  Account verification requires a state-issued photo ID and proof of address.


Customer Support


Coinbase Pro has an in-depth FAQ page that provides resources for questions about account transactions, security, API functionality and other common functionality.  Users can also submit requests for additional assistance.


API Capabilities


Coinbase Pro supports open API development allowing third-party developers to enhance your experience and the site’s capabilities.  SmartBotCoin.io utilizes this secure connectivity to the market data to give you powerful trading superpowers in a simple and straightforward manner.


Getting Started 


Creating a new Coinbase Pro account only takes a few minutes.  Once your ID verification credentials have been approved, users can then make an initial deposit as described above.  While you are waiting for your deposit to be posted you can explore the dashboard and other resources.


Our Final Take


Coinbase Pro is a stable and secure exchange well suited for professional traders.  


Pros

  • Regulated in the United States

  • High Liquidity

  • Competitive Fees

  • Built for Experienced Traders

Cons

  • Limited Altcoin Trading Options

  • Difficult to Utilize for Novice Traders

How to get more out of your Coinbase Pro Exchange account:


Capfolio takes your cryptocurrency trading to the next level with advanced portfolio management and asset allocation capabilities.  Advanced testing tools, manual and automated trading options, and the ability to build custom algorithms will help you maximize profit opportunities in the market.


Linking your Coinbase Pro accounts with Capfolio is secure and can be completed in just a few simple steps detailed in the help article or video below.


Help article:  Step-by-step instructions to link your Coinbase Pro account