What is Advanced Trade on Coinbase?
Advanced Trade is already available on Coinbase.com globally. Users of this feature currently pay the same volume-based fees as they did on Coinbase Pro, ranging from 0% to 0.6% according to Coinbase’s official website.
Coinbase launched Advanced Trade in the mobile app shortly after announcing the closure of Coinbase Pro. It offers several upgrades over Coinbase Pro, designed to enhance the trading experience for every customer. The Advanced Trade section was launched in March 2022, allowing traders to access in-depth market analysis and trade directly on Coinbase’s exchange platform.
Transition from Coinbase Pro to Advanced Trade
The transition to Advanced Trade has been ongoing for several months, with Coinbase continually introducing new and upgraded features to improve the platform.
Coinbase Pro, which launched in 2018, offered advanced trading capabilities with unlimited trading volumes and support for over 250 cryptocurrencies. It also enabled users to conduct technical analysis and trade directly with the Coinbase Exchange order book. Customers were impressed with the platform’s advanced features like limit orders, stop limits, and leveraged trades.
Coinbase has now integrated these advanced features into its main platform, resolving the friction of having to use both Coinbase Pro and Coinbase.com. By combining these features into a single platform under the Advanced Trade module, Coinbase aims to offer customers a seamless experience.
Key Features of Advanced Trade
Advanced Trade is designed to offer a smooth migration from Coinbase Pro to the main Coinbase site. It provides an easy, fast, and smart trading experience with powerful tools for both beginners and experienced traders. It includes advanced real-time order books and detailed charting powered by TradingView to help users analyze crypto markets before making trades.
The platform also features improved order flows, making it easier to place limit, market, or stop limit orders directly on the exchange. This system ensures in-depth liquidity within one account balance. Additionally, users can earn staking rewards of up to 5% APY on cryptocurrencies like DAI, ETH, and USDC.
Security is a top priority, with Coinbase’s infrastructure offering protection, including YubiKey for mobile, vaults, FDIC-insured USD holdings, and 24/7 monitored cold storage facilities.
How to Transfer from Coinbase Pro to Coinbase
Coinbase assures Coinbase Pro users that their funds are secure and can be moved easily before the platform closes on November 9. The process is simple and requires just a few clicks. Users can transfer their funds from Coinbase Pro to their Coinbase account by following these steps:
1. Click on ‘All Portfolio’
2. Cancel open orders (since Coinbase cannot transfer funds allocated to open orders)
3. Select Coinbase.com as the destination for the funds
4. Confirm by clicking ‘Withdraw’
5. Monitor the status of the transfer in the Withdrawals tab
Coinbase encourages users to complete this process ahead of the closure of Coinbase Pro to ensure a smooth transition.
