Why Coinbase Advanced Trade is Better Than Coinbase Pro in 2024
Coinbase, a globally established cryptocurrency exchange, just launched its most powerful market interface yet: Coinbase Advanced Trade. The new platform enables professional crypto trading, providing crypto traders and investors a significant edge in today’s fast-paced markets.
Marketed as the next level up from Coinbase Pro, Coinbase Advanced Trade offers the latest trading tools, security, and top crypto pairs available. Here’s why Coinbase’s newest trading interface surpasses that of its predecessor.
Advanced Tools at Your Fingertips: Unleashing Pro-Level Trading Features
Coinbase users can seamlessly switch between the Simple and Advanced Trade interfaces under one account. Swapping to the latter allows traders to access over 550 markets and open trades with more order types.
The platform’s real-time order books ensure traders have the latest information regarding market movements. This allows them to open or close crucial time-sensitive positions, especially after Bitcoin volatility recently hit a 20-month high, according to Cointelegraph.
Additionally, the new interface provides TradingView-powered advanced charting tools. This third-party integration gives users access to more sophisticated technical indicators like EMA, RSI, and MACD to help them navigate the ever-turbulent crypto price movements.
Visit CoinbaseCompetitive Fees Mean Users Trade More & Pay Less
One of Coinbase Advanced Trade’s most notable features is its low crypto trading fees. Lower transaction costs are particularly advantageous for high-volume traders looking to maximize their returns.
Here are the crypto trading fees from Coinbase Advanced Trade.
- Less than or equal to 0.4% maker fees
- Less than or equal to 0.6% taker fees
Coinbase is also cheaper than many major exchanges in terms of other platform costs. Deposit fees vary depending on the region, but bank card transactions have a 3.99% fee.
See our Coinbase review to learn more about the different platform fees for the exchange.
Industry-Leading Security For Care-Free Crypto Management
Seasoned crypto traders who understand how to store cryptocurrency safely know that security is a top priority in trading. Fittingly, Coinbase Advanced Trade provides industry-leading protections to ensure users’ assets are safe.
Furthermore, the platform employs cold storage for most digital assets, ensuring they remain inaccessible to malicious attacks. With two-factor authentication (2FA), Coinbase provides multiple layers of security to protect accounts.
All Coinbase security features ensure that traders’ crypto assets are managed safely and securely, allowing for more confident trading in both the Simple and Advanced Trading layouts.
Flexible Funding & Withdrawal Options
Based on a 2022 YouGov survey, Coinbase is the most trusted cryptocurrency exchange in the UK. It offers a variety of flexible and secure funding options, making it easy to add crypto for trades.
Users can instantly buy crypto with a credit card, while bank or wire transfers in GBP take 1-3 business days. This versatility allows for more personalized fund management and overall platform convenience.
In addition to this, Coinbase supports various crypto-to-crypto deposits, such as Bitcoin and Ethereum. Notably, these payment options have zero costs except for network fees.
When it’s time to cash out, Coinbase UK’s advanced trading provides easy, free crypto-to-crypto withdrawals, usually completed within an hour.
24/7 Customer Support For Round-the-Clock Help
Coinbase Advanced Trade ensures that help is always available via 24/7 live chat support. Whether you’re troubleshooting a trading issue or seeking assistance with a transaction, the platform’s dedicated team provides timely solutions.
This level of customer service is necessary for pro traders, as even minor delays may result in many missed opportunities. With round-the-clock support, Coinbase users can keep trading, knowing that assistance is just a click away.
Coinbase Advanced Trade vs Coinbase Pro
Before Coinbase Advanced Trade became the go-to interface for top-level trading, Coinbase Pro was the exchange’s primary platform for advanced traders.
Both interfaces share the same trading fee structures, but the similarities end here. Coinbase Advanced Trade supports an additional 200+ crypto pairs over its predecessor while maintaining the same level of liquidity.
Moreover, the latest interface allows users to earn rewards on their USDC holdings and up to 6% APY on crypto balances like staked Ethereum (ETH2). These incentives were never supported with Coinbase Pro.
Other features that Coinbase Advanced Trade offers over Coinbase Pro include:
- No more subscription fee
- More powerful charting and drawing tools by TradingView
- Coinbase Vault access
- Address Whitelisting
How to Sign Up for Coinbase Advanced Trade
Setting up Coinbase Advanced Trade is a simple process. Follow these three quick steps to get started.
- Create a Coinbase Account: Visit the Coinbase site and click ‘Sign Up’. Provide your email, create a password, and verify your account to complete the process.
- Deposit Funds: Once your account has been verified, go to the funding options page. Depending on your trade, you can deposit either fiat (such as GBP or USD) or cryptocurrency.
- Access Advanced Trade: Click the profile settings and select the ‘Advanced’ interface to open the Coinbase Advanced Trade. Here, you can explore various charting tools, set up custom watchlists, and place orders using the platform’s advanced features.
For more information, you can check out Coinbase’s learn and earn crypto program, which is one of the most popular among new users.