You may be asking if and how you may move money from your existing Coinbase account to pro.coinbase.com. You should read on if you are a Coinbase user who hasn’t yet heard of Coinbase Pro.
Coinbase is a decentralized online marketplace for buying, selling, and exchanging bitcoins. However, high-volume traders may appreciate Coinbase Pro’s quick transfers and minimal costs.
Why use Coinbase Pro?
Coinbase Pro allows users to create personalized portfolios, make faster and more accurate transactions, and pay fewer transaction fees.
However, not everyone will benefit from using Coinbase Pro.
The user interface and overall user experience may be difficult for novice investors. The technical aspects will provide traders with a sense of security.
Coinbase vs. Coinbase Pro
You may rest sure that you will have access to the same number of cryptocurrencies for purchase, sale, and trading regardless of whether you use Coinbase or Coinbase Pro. Over 120 different cryptocurrencies are available for both types of accounts, including Bitcoin and Ethereum (which is distinct from Ethereum Classic).
Aside from certain additional, more advanced insights available exclusively with a Pro account, Coinbase and Coinbase Pro offer many identical coin metrics.
Currently, Coinbase and Coinbase Pro share the following standard security feature: two-factor authentication, insurance for USD wallets up to $250,000, and cold storage. Whitelisting wallet addresses is the only functionality exclusive to Coinbase Pro, as indicated above.
Therefore, a Coinbase Pro account is unnecessary unless you intend to trade cryptocurrency professionally frequently. You can use a regular account to access the vast majority of Coinbase’s capabilities, and a Pro account could be too much for someone who isn’t well-versed in cryptocurrency trading.
Can I move from Coinbase to Coinbase Pro?
Yes. You can transfer whatever portion of your holdings you want whenever you’re ready to Coinbase Pro.
How to transfer from Coinbase to Coinbase Pro?
Total Time: 5 minutes
Sign in to your Coinbase account on the Pro version of the site.
To access your account at pro.coinbase.com, please use the same credentials you use for coinbase.com.
Discover your personal portfolio page at Pro.Coinbase.com.
Select the “portfolio” tab once you’ve logged in.
Find the “Deposit” button.
Go to your portfolio page and select the “deposit” option to make a deposit.
Choose the Cryptocurrency that you wish to Deposit.
From Coinbase.com, choose the cryptocurrency coin you wish to deposit into your Pro.Coinbase.com account. After selecting a coin, Coinbase will provide you with three different deposit choices. To use Coinbase, go there.
Type in the amount of cryptocurrency you want to send.
Select the amount of the coin you wish to deposit into your Coinbase Pro account, and then click Deposit.
Opening a Coinbase Pro account can be helpful for frequent traders, but the complexity of the platform may be too much for those with less experience in the cryptocurrency market.
Considering signing up for Coinbase Pro, try the aforementioned references. Besides, recently many users reported Coinbase Withdrawl Issues. Did you notice the same?