Coinbase Pro Review 2024

Our veredict

Coinbase Pro is an advanced cryptocurrency trading platform tailored for serious traders who need access to sophisticated tools and lower fees. It offers a wide range of features such as stop and limit orders, real-time order books, advanced charting tools, and API access for trading bots. These features make it ideal for active traders looking to maximize their trading strategies and returns. Additionally, Coinbase Pro supports over 170 cryptocurrencies, providing a broad selection for diverse trading opportunities.

However, while Coinbase Pro excels in providing advanced tools and lower fees for high-volume traders, it can be complex for beginners. The platform’s interface is designed for experienced traders, which might be overwhelming for newcomers. Additionally, the fee structure, although lower than the standard Coinbase platform, can still be relatively high compared to some other exchanges. Despite these drawbacks, Coinbase Pro is a strong choice for those who have experience in cryptocurrency trading and are looking for a reliable and feature-rich platform.

Pros

Advanced Trading Tools: Coinbase Pro offers a variety of advanced trading tools, such as stop and limit orders, real-time order books, and detailed charting capabilities, making it ideal for professional traders.
Secure Offline Asset Storage: Coinbase Pro employs stringent security measures, including storing 98% of customer assets in offline cold storage, which enhances the safety of user funds.
Lower Fees for High Volume: The platform uses a maker-taker fee model that rewards high-volume traders with lower fees, helping to reduce trading costs significantly.

Cons

Complex Interface for Beginners: The advanced features and tools available on Coinbase Pro can be overwhelming for newcomers to cryptocurrency trading, making it less user-friendly for beginners.
Higher Fees Compared to Some Exchanges: Despite its competitive fee structure, Coinbase Pro’s fees can still be higher than those of other exchanges, particularly for lower-volume traders.

4,8

Threenvest Score

Fees

0.50% per transaction

U.S Legal

Yes

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To better understand our editorial guidelines and the investment methodology that supports our ratings, you can explore the information in our editorial policy.

Why choose Coinbase Pro?

Choosing Coinbase Pro as your cryptocurrency exchange platform comes with several compelling advantages. First, the platform offers advanced trading tools such as stop and limit orders, real-time order books, and comprehensive charting capabilities. These features cater to professional traders who need to implement sophisticated trading strategies effectively. Additionally, Coinbase Pro supports over 170 different cryptocurrencies, ensuring a wide variety of trading options for users looking to diversify their portfolios.

Another significant benefit is the competitive fee structure. Coinbase Pro employs a maker-taker fee model, where the fees decrease as your trading volume increases, making it more cost-effective for high-frequency traders. This structure, combined with the absence of a spread fee, makes Coinbase Pro an attractive choice for those engaging in large or numerous transactions. Furthermore, the platform’s security measures are among the best in the industry, with 98% of customer assets stored offline in cold storage, robust encryption protocols, and comprehensive data management practices. This focus on security provides peace of mind to users, knowing that their assets are well-protected.

Finally, Coinbase Pro’s association with Coinbase, a publicly traded company on NASDAQ, adds a layer of trust and transparency. This regulatory oversight and the company’s long-standing presence in the market bolster its reputation as a reliable and accountable exchange. The platform also benefits from a large user base, ensuring ample liquidity and facilitating quick and efficient trade execution. For traders seeking a secure, feature-rich, and cost-effective trading platform, Coinbase Pro is an excellent choice.

Xavier Tarrasó

EIP and Cryptocurrency Investor

As an expert in the cryptocurrency space, I highly recommend Coinbase Pro for serious traders seeking advanced tools and lower fees. The platform’s robust security measures, including extensive cold storage and encryption protocols, ensure that your assets are well-protected. Additionally, the maker-taker fee model benefits high-volume traders, making it a cost-effective choice. With over 170 supported cryptocurrencies and advanced trading features, Coinbase Pro stands out as a top-tier exchange for professional trading needs.

How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.

Alejandro Borja Fuentes

Economist | Cryptocurrency exchange analyst

The author of the review

Alejandro Borja is an accomplished economist with a distinguished career spanning various facets of the financial industry. His academic journey began with a degree in Economics, laying the foundation for his deep understanding of financial markets.

Over the years, Alejandro has honed his skills by working with some of the largest financial media outlets, analyzing and reporting on economic trends and investment opportunities. His expertise in financial analysis has made him a respected voice in the economic community.