Coinbase Advanced Trade: A New Era for Professional Crypto Traders
Launched to succeed Coinbase Pro in 2022, Coinbase Advanced Trade offers an expansive trading experience with over 500 cryptocurrencies and 237 USDC pairs. It provides low fees and a comprehensive suite of tools to benefit traders.
Advanced Features for the Savvy Trader
Designed for seasoned investors and crypto traders, Coinbase Advanced Trade is a sophisticated trading platform. It consolidates all cryptocurrency services onto a single platform, delivering a seamless and efficient experience.
Enabling users to maximize their crypto portfolios, Advanced Trade offers a diverse set of chart analysis tools. Users can earn up to 4.1% on USDC, participate in staking, and take advantage of Coinbase’s robust security features, all while enjoying competitive, volume-based fees that are akin to those of Coinbase Pro.
With access to over 500 cryptocurrency trading pairs, Advanced Trade users experience the same liquidity and order types as on Coinbase Pro, but with an expanded selection of assets available for trading.
Traders have access to a broader suite of technical analysis indicators, such as MACD and RSI, along with new asset options like USDC and staked ETH (ETH3). These enhancements provide a more streamlined management and trading experience for crypto assets than was previously available on Coinbase Pro.
According to recent statistics, cryptocurrency trading volume surged by over 50% in 2022, reflecting the growing interest and adoption of digital assets. Coinbase Advanced Trade aims to support this trend by offering superior tools and features to accommodate professional traders.
Security and Compliance
Users of Advanced Trade benefit from Coinbase’s top-tier security infrastructure. This includes monitored cold storage facilities, U.S. dollar balances at FDIC-insured institutions, YubiKey support for mobile apps, and the ability to store funds in Coinbase vaults.
Understanding Fees
Fees on Advanced Trade are determined by your trading volume, with a tiered pricing structure that rewards higher volume traders.
Some states have restricted staking on Coinbase, so it’s essential to update your account settings to avoid potential issues.
Getting Started with Coinbase Advanced Trade
To manage your crypto investments with Coinbase, you can either register a new account via the website or download the Coinbase app on your smartphone.
Follow these steps to establish a new account:
Click “Sign Up” and enter your full name, email address, state, and password. Then, click “Create Account” for the web or “SIGN UP” for mobile. Verify your email by following the link sent by Coinbase. Next, for verification, add your mobile number and click “Send code” (web) or “Continue” (mobile). Enter the seven-digit code received via text and click on “Submit” or “Continue.” Provide personal information for Coinbase’s identity verification and answer questions regarding your funds’ source and employment status. Upload a government-issued photo ID for identity verification. Set up two-factor authentication for added security, and finally, link a payment method to complete the account setup.
Once your Coinbase registration is complete, an Advanced Trade account can be opened within the Coinbase app by selecting “Advanced Trade” from the “Trade” dropdown menu on the mobile app.
Transitioning to Advanced Trade
You can activate the Advanced Trade option on the mobile app. On a desktop, click on your profile picture and select “Switch to Advanced Trade” to seamlessly transition to the new platform.
Understanding Coinbase Advanced and Coinbase One
The main difference between Coinbase Advanced and Coinbase One is that the latter is a subscription-based membership offering more benefits than a standard non-paying membership. Meanwhile, Coinbase Advanced caters specifically to professional and experienced traders.
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