How to Transfer From Coinbase to Coinbase Pro
There’s room for everyone in the crypto universe.
Maybe you are a newcomer to this world who wants to learn more about Bitcoin, or perhaps you are an advanced trader looking to perform more nuanced buying decisions.
Whatever your case is, there’s a crypto exchange that offers outstanding options for everyone: Coinbase.
First-time crypto investors will feel very comfortable using the simple user interface of Coinbase, but once your portfolio page starts to look nice, you will want to take your investments to the next level.
That’s why learning how to transfer from Coinbase to Coinbase Pro is so important.
In this blog post, we are going to provide you with the information you need about the following matters:
- How to transfer from Coinbase to Coinbase Pro;
- Reasons to move your Coinbase assets to Coinbase Pro;
- Advantages of having different Coinbase accounts.
Coinbase vs. Coinbase Pro: Reasons to Transfer Funds
Coinbase understands that some users will make cryptocurrency trading and holding as simple as possible, and others will want to go one step beyond.
Thanks to the user education built on Coinbase, users can quickly become experts by understanding the nuances of crypto operations.
And that’s when Coinbase Pro comes into the scene: it’s a platform specially designed for active traders.
Pro Tip: Having a crypto account on Coinbase allows you to add a credit or debit card for payments.
What’s more, you can also add a bank account for withdrawals!
But there are other Coinbase Alternatives out there that offer similar features - do your own research and pick the one that better suits your needs.
1. Coinbase Pro Accounts Have a More Advanced User Interface
Coinbase Pro users are surely used to the screen that shows multiple overlays, monthly trading volume graphics, and high and low prices information, but beginners will simply feel overwhelmed.
Coinbase Pro’s high-volume trades performed on the platform will always have more sense for those who deeply understand the crypto market.
2. Coinbase Pro Account Fee Structure is Better for Traders
The Maker-Taker fee structure implemented on Coinbase Pro rewards higher volume traders based on their monthly trades.
Thus, the transfer fee for each operation is calculated on the basis of this tiered fee schedule.
There are additional fees, but they are certainly lower in Coinbase Pro than in Coinbase if you are a recurrent trader.
Learn more about Coinbase Pro Fees by clicking here.
3. Coinbase Pro Trading is Way More Efficient
Do you want to integrate third-party apps with your Coinbase Pro profile? You can do so with the API keys provided by the platform.
What’s more, you’ll have utterly and complete control of your crypto assets - Coinbase makes that Pro users to do whatever they want with their funds in a really fair and efficient way.
How to Transfer From Coinbase to Coinbase Pro
When you Send Bitcoin from Coinbase to Binance (for instance), you need to pay a network fee for the operation to take place.
Nonetheless, Coinbase charges zero fees from transfers from Coinbase to Coinbase Pro, so even if they are separate wallets, the process will be entirely free.
Step 1: Log In to Your Coinbase Account
Log in to your account as you usually do.
You can do so both on the mobile app or the desktop website, it will work either way.
Nevertheless, consider that, at this point, your account should already be verified.
If your profile isn’t verified, then you won’t be able to move the funds from Coinbase to Coinbase Pro (which, in fact, requires a more complex verification process than Coinbase).
Step 2: Go to the Coinbase Pro Crypto Trading Page
Now, go to the Trading Page on Pro.
On the mobile app, just tap on the drop-down box and look for Coinbase Pro.
On the website, you can just click here, and you’ll be instantly redirected to the main pro trading page.
Step 3: Select the Currency Type You Want to Send
So, did you just Buy Dogecoin on Coinbase, and you are planning to perform a buy and hold strategy by moving the funds to another wallet?
If so, select “Dogecoin” as the asset you want to send.
Keep in mind that cashing from Coinbase account to Coinbase pro is usually performed with coins that you trade on a daily basis, but at the end of the day, the choice is entirely yours.
Step 4: Set the Desired Deposit Amount and Select Your Coinbase Wallet
Once you select the type of currency, a pop-up window will let you click on “Coinbase Account.”
There, the coins that are available for deposits can be moved directly to Coinbase Pro.
Confirm the operation, click on “Deposit,” and you’ll be good to go.
That’s how you transfer from Coinbase to Coinbase Pro! You are ready to take control of your assets one step beyond.
For more Coinbase information, keep tuned on GrowFollowing.
Transfer from Coinbase to Coinbase Pro FAQ
Is Coinbase Pro Owned by Coinbase Global?
Yes, they are owned by the same company.
Hence, if Coinbase is Down, then Coinbase Pro will probably be down as well.
Keep this in mind before creating an account on any of these crypto alternatives.
Can Beginners Use Coinbase Pro Trading Page?
Coinbase Pro Trading Page is meant for people who actively trade crypto, not for beginners.
A beginner will hardly understand all the features available on Coinbase Pro, which might be a bad start for them in the crypto world.
Luckily, Coinbase offers Coinbase Learn, a project where everybody can learn about cryptos in an easy and efficient way.
Steve specializes in cryptocurrency and finance. As a born researcher, he won’t leave any stone unturned when it comes to topics he covers.