How to Transfer From Coinbase to Coinbase Pro

How to Transfer From Coinbase to Coinbase Pro

You might want to switch from Coinbase to Coinbase Pro for a variety of reasons. Despite sharing the same corporation as their ownership, the two exchange systems operate substantially differently. There is a significant distinction between Coinbase and Coinbase Pro.

Transferring from Coinbase to Coinbase Pro is beneficial if you wish to go from a buy-and-hold investment strategy to a higher-volume trading approach. It is also advantageous to switch from Coinbase to Coinbase Pro if you want more comprehensive information about your crypto holdings.

Only wire transfers, digital wallet transactions, or bank account transactions are permitted on Coinbase Pro as a bitcoin exchange. Purchases made using debit or credit cards are not accepted. You can transfer money without incurring any additional costs from Coinbase to Coinbase Pro if you want to put money into your Coinbase account.

It is very simple to transfer from Coinbase to Coinbase Pro. Simply follow the step-by-step guide provided below.

Can You Transfer From Coinbase to Coinbase Pro?

Yes, you are free to move any part of your portfolio to Coinbase Pro whenever you like and without paying any extra costs.

It's possible that you opened your Coinbase account as a novice cryptocurrency investor. You used their user-friendly interface and video lessons to broaden your knowledge and abilities. However, you now desire greater control over your trading choices and require a more sophisticated user interface.

Or perhaps you opened your Coinbase account when your buy-and-hold cryptocurrency investing strategy was in place. However, in order to make more informed purchases, you now wish to use stop orders and limit orders. Moving to an exchange platform that enables high-volume trading is what you want to do.

How to Transfer to Coinbase Pro

Despite being connected, your Coinbase and Coinbase Pro accounts have distinct wallets. The following is how to switch from Coinbase to Coinbase Pro:

1. Log into Coinbase Pro
2. Go to the Coinbase Pro trading page
3. Find the coin you want to deposit into Coinbase Pro
4. Select your Coinbase Account
5. Select Deposit at the bottom of the window

Step 1: Log into Coinbase Pro

Using the login information for your Coinbase account, you can access Coinbase Pro. Simply log in with your normal Coinbase username and password.

Step 2: Go to the Coinbase Pro trading page

Discover the "Deposit" button because you wish to add assets to your Pro account. This is typically located on the portfolio page, to the left of the wallet, and is easy to find. You'll get a pop-up window after clicking "Deposit."

Step 3: Find the coin you want to deposit into Coinbase Pro

You'll next be asked to choose the sort of money (such as BTC, ETC) that you want to deposit to Coinbase to Coinbase Pro.

The most prevalent currencies are among the pre-populated alternatives from which you can choose a currency type.

If the currency you're looking for is not mentioned, you can also search for it.

Step 4: Select your Coinbase Account

Select Coinbase Wallet from the drop-down menu. The available balance in your Coinbase wallet (from Coinbase) that you can transfer to Coinbase Pro will be visible to you. Go to Coinbase and add the money there if you don't have any balance there. Additionally, you can fund Coinbase directly using your PayPal account.

Step 5: Select Deposit at the bottom of the window

To transfer to Coinbase Pro, just choose the Source (which will be the wallet you want to transfer from), enter the Amount (which will be the amount you want to send), and then complete the process by clicking the Deposit button.

That’s it! That’s how to transfer from Coinbase to Coinbase Pro!

Coinbase to Coinbase Pro Transfer Fees

You pay a transfer charge if you move your Coinbase holdings to another bitcoin exchange. You can, however, transfer your Coinbase assets for free to Coinbase Pro! Moving your assets to Coinbase Pro makes a lot of sense if you're searching for a more sophisticated exchange platform.

Pros and Cons for Difference Users

Even while Coinbase Pro has benefits, not everyone should choose it. The interface and experience will be difficult for novice investors. Similarly, Coinbase Pro's high volume, tiered fee structure might not be the ideal choice for you if you are using a buy-and-hold strategy.

Do your homework before choosing a cryptocurrency exchange. You should select the exchange that best fits your trading approach because each has advantages and disadvantages.

As an alternative, Coinbase is a platform you might choose to use to add funds to your cryptocurrency account using a credit or debit card, PayPal, or even Google Pay. The balance can then be transferred to Coinbase at no further cost, helping you save money over time.

Reasons to Transfer to Coinbase Pro

New investors in cryptocurrencies are drawn to Coinbase. With its straightforward user interface, straightforward charting, and built-in user education, you may quickly learn how to switch from Coinbase to Coinbase Pro and turn into a cryptocurrency expert.

Fees

You pay a lot of money per transaction according to Coinbase's pricing structure. If you use a buy-and-hold trading strategy, this is acceptable. However, the costs are very exorbitant if you wish to trade in large quantities.

On the other hand, Coinbase Pro is designed for investors who want to engage in aggressive cryptocurrency trading. They employ a maker-taker fee system and provide consumers discounts based on the volume of trades they execute through the platform. Based on monthly trading volume, these costs begin at 0.50% and drop off for higher volume traders.

Stop and Limit Orders

Stop orders and limit orders can be used to make more precise purchasing decisions. Users of Coinbase Pro can also access sophisticated charting views. The typical view displays a candlestick chart of the high and low values over a given period of time. It is possible to configure the advanced view to display numerous overlays of the exponential moving averages. Experienced traders now have better access to information that helps them understand how a cryptocurrency is performing.

More Control

Coinbase Pro makes available their API keys so you may have even more control over your cryptocurrency trading. This implies that you can link your Coinbase account to third-party apps. In order to have total control over your bitcoin trading, you can set up third-party apps.