Red is used to display open Sell orders in system while open Buy orders are shown indicated by green text. The most recent trading price is displayed at top of the screen, and the order book will show those orders closest to the current trading price. Your Coinbase wallet holdings do not display in your CBP account. Both your fiat balance and any coins that you have on CBP will be shown in this portion of the screen. Figure 3 demonstrates the areas of the trading page for bitcoin (BTC.) Your available balance will be shown at the top left of the menus. Select the desired currency from the top left drop down menu, and the trading page for that currency will display. Fig 1 Coinbase Pro drop down menu for depositsįig 2 Coinbase Pro US dollar deposit menu The Coinbase Pro Trading Screen There are no fees for depositing money into your Pro account. However, these must be made manually, as there is no current automatic transfer option for fiat currency in Coinbase to CBP. Deposits made on a regular basis at set intervals will allow you the most flexibility when placing Buy orders. Transfers from bank accounts can take as long as 7-10 days, so prepare in advance for trading. If you are moving money from Coinbase, the transfer will be immediate. Select the source of your transfer, enter the desired amount, and then select “Deposit Funds” on the bottom of this window. For crypto purchases, you’ll generally be depositing fiat currency from your bank or your Coinbase wallet. 1 and 2) will allow you to select the currency and appropriate account. Simply tap the “Deposit” button on the upper left CBP menu, and a pop-up menu (Fig. HIn order to buy or sell on CBP, you must first move money or cryptocurrency into your CBP trading account. Transferring money to your Coinbase Pro account That takes you to their homepage for sign ups. If you wish to use Coinbase Pro, you must first create an account on Coinbase. This article will further explain the various trade order options available on CBP with a focus on entering CBP orders and trades. Fees, account options and demonstration videos can be found there. Buying crypto with Coinbase Pro isn’t difficult.įor those readers who are new to Coinbase Pro (CPB or Pro) or trading in general, you may wish to start with our GDAX intro article before proceeding with this article. Experienced traders prefer Pro over Coinbase due to its low fees and advanced trade options. So, if you use whitelisting and your account is compromised or hacked, it will be harder for money to be sent to a new address, as it needs to first be put into the address book and listed as safe.Coinbase Pro replaces the popular cryptocurrency exchange GDAX for buying and selling bitcoin, bitcoin cash, litecoin, ethereum classic and ethereum. This feature ensures that only wallet addresses in your address book can receive funds from you. There's also one extra security feature offered by Coinbase Pro, known as whitelisting. So, there are only a few specific additional analytics you can access on Coinbase Pro, which means you may not need to switch accounts. As you can see in the screenshot below, you can view the order book, candle chart, and trade history of a pair by simply clicking on the pair on your basic trading page. Using Coinbase Pro, you can view live moving averages to get a better idea of how any given coin is performing within the market.īut this doesn't mean that you can only view basic statistics using a standard Coinbase account. This is because the Coinbase Pro trading page is designed to fit in as much information as possible. As you may have noticed in the screenshot of the Coinbase Pro trading screen above, the page is very busy, with hundreds of different figures flashing red and green. On top of this, Coinbase Pro offers some more advanced charting for experienced traders. Stop orders allow users to set a sell price for their crypto assets to minimize their losses, while limit orders allow users to set a buying point when they believe that a crypto they want to buy may soon drop in value (which lets them grab it at a lower price if this happens). A key feature offered by Coinbase Pro alone is multiple trading options, including stop and limit orders. Coinbase Pro FeaturesĬoinbase and Coinbase Pro have several differences. These experienced users are likely to use more advanced features to expand their portfolios, and such features are offered on a Coinbase Pro account. Many crypto owners never wander beyond these core features, which is why a standard Coinbase account keeps it simple and sticks to the options that such users are more likely to both understand and use.īut there are thousands of individuals in the crypto industry that want to take their crypto holdings a step further. Most beginner or casual crypto traders only need a few basic exchange features, such as the ability to buy, sell, trade, convert, and stake their funds.
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