How to Transfer From Coinbase to Coinbase Pro？
Coinbase is one of the most popular platforms for buying, selling, and storing cryptocurrencies. However, some users may want to transfer their funds from Coinbase to Coinbase Pro, which is a more advanced trading platform that offers lower fees, more features, and more control. In this article, I will explain why you may want to transfer from Coinbase to Coinbase Pro, and how to do it step by step.
Why Transfer From Coinbase to Coinbase Pro?
Coinbase and Coinbase Pro are both owned by the same company, but they have different purposes and functionalities. Coinbase is designed for beginners and casual investors who want a simple and easy way to buy and sell cryptocurrencies. Coinbase Pro is designed for experienced and professional traders who want more options and tools to execute their trading strategies.
Some of the main advantages of transferring from Coinbase to Coinbase Pro are:
- Lower fees: Coinbase charges a variable fee of 0.5% for each transaction, plus a spread of about 0.5%. Coinbase Pro charges a maker-taker fee model that ranges from 0% to 0.5%, depending on the trading volume and order type. This means that you can save money on fees by using Coinbase Pro, especially if you trade frequently or in large amounts.
- More features: Coinbase only allows you to buy and sell cryptocurrencies at the market price, with no option to set limit orders or stop orders. Coinbase Pro allows you to place different types of orders, such as limit orders, stop orders, market orders, and advanced orders. This gives you more flexibility and control over your trading decisions.
- More control: Coinbase only allows you to withdraw your funds to your bank account or another wallet. Coinbase Pro allows you to withdraw your funds to your bank account, another wallet, or another exchange. This gives you more options and freedom to move your funds as you wish.
How to Transfer From Coinbase to Coinbase Pro?
Transferring from Coinbase to Coinbase Pro is very easy and fast. You don’t need to create a new account or verify your identity again. You just need to link your existing Coinbase account to your Coinbase Pro account, and then transfer your funds from one platform to another. Here are the steps to transfer from Coinbase to Coinbase Pro:
- Go to the [Coinbase Pro website] and log in with your Coinbase credentials.
- Go to the “Settings” tab and click on “Linked Accounts”.
- Click on “Link Account” and select “Coinbase.com”.
- Enter your password and click on “Link Account”.
- Go to the “Portfolios” tab and click on “Deposit”.
- Select the cryptocurrency you want to transfer from the drop-down menu.
- Select “Coinbase.com” as the source of funds.
- Enter the amount you want to transfer and click on “Deposit”.
- Confirm the transfer details and click on “Confirm Deposit”.
Your funds will be transferred from your Coinbase account to your Coinbase Pro account instantly. You can also view your transfer history on the “Portfolios” tab.
Conclusion
Coinbase is a great platform for beginners and casual investors who want a simple and easy way to buy and sell cryptocurrencies. However, if you want lower fees, more features, and more control over your trading decisions, you may want to transfer from Coinbase to Coinbase Pro. Transferring from Coinbase to Coinbase Pro is very easy and fast. You just need to link your existing Coinbase account to your Coinbase Pro account, and then transfer your funds from one platform to another. If you want to learn more about transferring from Coinbase to Coinbase Pro, you can visit the [official help page] for more information and support.