Introduction

Cryptocurrency market company Coinbase is starting a mobile app for its exceptional users today. 

For now, you can download the Coinbase Pro mobile app on iOS, and the Android version will be coming in soon.

Who is Coinbase Pro?

Coinbase Pro is the company’s market that allows you to set up high-level type orders, such as limit orders. 

Those are reasonably standard features for a cryptocurrency market. 

But Coinbase has set up a separate “pro” platform so that the primary Coinbase.com market continues to be as easy and open as possible.

You can additionally use Coinbase Pro on your phone. 

According to users who have been working around with the app, it features everything you would expect. 

At the first tab, you can view a list of trading pairs.

If you click on a pair, you can see real-time candles, the order book, your existing orders as well as trade records for this particular pair. 

You further can set up an order to purchase and sell cryptocurrencies from every trading pair page.

At the second tab, you can view your portfolio of crypto assets and its worth in fiat currencies. 

You can also deposit or remove cryptocurrencies from the mobile app. 

Unfortunately, if you want to deposit or remove fiat currencies USD, EUR, GBP, etc., the app directs you to go over to the website.

Lastly, you can view your prior and current orders, and also verify your charges and limits.

Coinbase raised a few of its trading prices on Coinbase Pro for low-capacity accounts just last week.

See Also: Coinbase and Blockchain.com enter Singapore after obtaining approval

The Financial Comparison 

It is presently more costly to trade on Coinbase Pro if you buy less than the equivalent of $50,000 across 30 days. 

And if you trade less than $10,000 over 30 days, it now takes 0.50% in maker and taker fees.

While Kraken charges 0.26% in taker fees if you trade less than $50,000 in the last 30 days, Binance charges 0.1% in trading payments. 

With these new trading fees, it seems like Coinbase is certainly targeting pro users with Coinbase Pro.

Conclusion

Coinbase Pro is a platform designed for users who want more advanced features than the basic Coinbase app offers. With tools such as limit orders, real-time charts, and the ability to manage a cryptocurrency portfolio, Coinbase Pro is targeted at more experienced traders. The new mobile app extends the platform’s accessibility, allowing users to trade on the go. However, with the recent increase in trading fees, Coinbase Pro is positioning itself to cater more specifically to professional and high-volume traders. If you’re a casual trader, it might be worth considering other platforms like Kraken or Binance, which offer lower fees for smaller trades.

FAQs

Q1: What is Coinbase Pro?
A1: Coinbase Pro is an advanced cryptocurrency trading platform offered by Coinbase, designed for professional traders who need high-level tools such as limit orders, real-time charts, and access to deeper market data.

Q2: How is Coinbase Pro different from the regular Coinbase app?
A2: Coinbase Pro offers more advanced trading features, such as limit orders and a detailed trading interface, while Coinbase aims to provide a more user-friendly, beginner-oriented platform.

Q3: Is the Coinbase Pro mobile app available on all devices?
A3: The Coinbase Pro mobile app is currently available for iOS users, with an Android version expected to launch soon.

Q4: How does Coinbase Pro’s fee structure compare to other platforms?
A4: Coinbase Pro has recently increased its fees, particularly for smaller traders, with a fee of 0.50% for transactions under $10,000. In comparison, Kraken and Binance offer lower fees, with Kraken charging 0.26% and Binance at 0.1%.

Q5: Can I deposit or withdraw fiat currencies through the Coinbase Pro mobile app?
A5: No, the mobile app currently only supports cryptocurrency deposits and withdrawals. To deposit or withdraw fiat currencies such as USD, EUR, or GBP, users must visit the Coinbase website.

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