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While all accounts come with robust security features, you’re responsible for creating a secure and strong password. In addition to its security features, all USD cash balances held in Coinbase’s custodial bank accounts are protected by the Federal Deposit Insurance Corporation (FDIC) up to $250,000 per individual. The remaining 2% is held online and backed by Coinbase’s insurance policy, which may cover losses due to cybersecurity breaches.
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Coinbase also keeps 98% of customer funds stored offline in cold storage. Its security features include two-step verification, biometric fingerprint logins, and AES-256 encryption for digital wallets. Coinbase Pro for more information.Ĭoinbase Pro offers industry-standard security features, cold storage, and FDIC insurance. That said, higher trading volumes result in fee discounts. And while Coinbase Pro offers lower trading fees than Coinbase, its maker/taker fees are still higher than many industry competitors. Like many other crypto exchanges, Coinbase Pro charges fees for certain payment methods and trading fees. While the platform and trading experience may be ideal for experienced crypto traders, it may be overwhelming for beginners. Additionally, Coinbase Pro offers several order types, such as stop order, limit order, and margin order. Users can access real-time charting tools with moving averages and exponential moving averages, as well as their trade history, the order book, and price charts. Both the desktop and mobile platforms offer similar features and options.
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Popular assets supported by Coinbase Pro include:Įthereum (ETH)Litecoin (LTC)Cardano (ADA)Bitcoin Cash (BCH)Stellar Lumens (XLM)Chainlink (LINK)Uniswap (UNI)Aave (AAVE) Trading ExperienceĬoinbase Pro users can log into their accounts through a desktop browser and an iOS or Android mobile app. exchange, and it's currently valued at around $86 billion.Ĭryptocurrencies Available on Coinbase ProĬoinbase Pro users can buy, sell, and trade over 130 cryptocurrencies. And in April 2021, Coinbase Global became the first U.S. It's also ranked among the top crypto exchanges globally by traffic, liquidity, and trading volumes. Eventually, GDAX was rebranded to Coinbase Pro.Īt the time of publication, Coinbase is available in over 100 countries and has over 73 million verified users. In addition to its original Coinbase platform, in 2017, the company launched Global Digital Asset Exchange (GDAX), designed for active traders. Former Airbnb engineer Brian Armstrong founded the parent company. This article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies nor can the accuracy or timeliness of the information be guaranteed.Ĭoinbase is owned by Coinbase Global, which launched its exchange in San Francisco in 2012.
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Consult with a qualified professional before making any financial decisions. Investing in cryptocurrencies, Decentralized Finance (DeFi), and other Initial Coin Offerings (ICOs) is highly risky and speculative, and the markets can be extremely volatile.
It’s best to only invest money that you can afford to lose. While the cryptocurrency market has become more accessible and mainstream in recent years, it’s still subject to large price swings. However, beginners may find it difficult to use. With its wide selection of crypto assets and advanced order types, Coinbase Pro may be a great platform for experienced traders. Users also benefit from industry-leading security features designed to help protect their crypto holdings. Coinbase Pro offers over 130 assets available for trade, low fees for high volume trades, advanced order types, and an easy-to-use platform.