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Technical analysis can help you predict the future market movements of Bitcoin more accurately and trading view is one way of doing so.
Currently, there are over 200 cryptocurrency exchanges present in the world. Some of these are international, some are limited to a particular country and some lack functionality. Therefore, to enter into the cryptocurrency market, one has to choose the right cryptocurrency exchange.
Choosing one of the top international exchanges works for most people and hence here we are with a guide on registering on one of the top cryptocurrency exchanges: Coinbase. Coinbase is on #2 position on the leaderboard as per CoinMarketCap.
Coinbase offers two kinds of cryptocurrency exchange platforms to users. In this article, we are going to see which type of Coinbase platform is suitable for you and how to register on it. But first, let us see why one should consider Coinbase over any other cryptocurrency exchange.
Coinbase is an international cryptocurrency exchange and it is currently supported in 100+ countries. Therefore no matter what country you live in, Coinbase has got you covered. The platform has a huge user base of +73 Million active users across countries.
Coinbase is the first cryptocurrency exchange for many users. It has the simplest user interface with international support, thus many novice investors prefer Coinbase as their first exchange platform.
Coinbase manages to keep these users engaged with the platform longer by providing an advanced version of the platform with more features that expert traders seek. Coinbase is also one of the most secure exchanges with the lowest breaches so far.
Coinbase offers great security in terms of the digital assets of the users. The vast majority of the funds of the users are stored offline and thus, far away from the hands of the hackers. Therefore, Coinbase is the most trusted exchange of all time.
Even after such precautions, if the platform is subjected to any cyber attack or breach, your funds are secured and backed by FDIC insurance. This insurance covers your USD cash as well as all of your Cryptocurrency holdings.
Lastly, Coinbase supports over 130 cryptocurrencies to trade which includes all popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), etc.
Finally, Coinbase as we talked about has platforms to offer to both beginners and expert traders. Users can access both of these platforms using the same login credentials. These two platforms are called “Coinbase” and “Coinbase Pro”. Let’s see how these platforms differ from each other and which one you should go for.
As you already know, Coinbase is one of the most popular cryptocurrency exchanges out there and Coinbase Pro is just a sub-platform of Coinbase that offers a number of advanced features to expert traders that you otherwise won't get in the traditional version of the platform.
Coinbase Pro is just a sub-platform of Coinbase but they are very different from each other. A lot of pro-level active traders use Coinbase pro. One of the most prominent differences between these two platforms is their user interface.
As you know already, the user interface of Coinbase is so simple that even novices can learn their way around the platform in a very short time. But when it comes to Coinbase Pro, there are a lot of advanced features like advanced charts and trading options that are beneficial for active traders.
Some of the most basic and best differences that make Coinbase pro better than Coinbase is its low fees. Although Coinbase Pro provides some features that Coinbase doesn't, it is not suitable for everyone as it is too complicated for beginners. One thing that is common with both these platforms is that neither of them offer any control over private keys.
Different Areas Where Coinbase And Coinbase Pro Are Different
1. Features: Coinbase offers a simple interface where you can easily buy, sell and exchange cryptocurrencies. Also, the prices are quoted in USD on it. Whereas in Coinbase Pro, the interface is a bit complicated but you can trade with a low fee along with having multiple order-types' options.
2. Fees: Coinbase charges 0.50% fees per trade whereas Coinbase Pro charges between 0% to 0.50% trading fees.
3. Other Differences: Coinbase supports the trading of 44 cryptos whereas Coinbase Pro supports 47 cryptos. Coinbase Pro also offers an extra security feature in the face of Whitelisting pre-approved addresses. You can also do extra things like Deposit, withdrawal, stop order, limit order, etc on Coinbase Pro as compared to Coinbase.
To store your cryptocurrency in Coinbase, you have to create an account on Coinbase. For that, you have to register on Coinbase first. Let's go through a few steps to register on Coinbase.
Step 1: Create Your Account
Step 2: Verification
Step 3: Phone Number
Step 4: Verify Your Personal Details
There are two ways you can register on Coinbase Pro. If you are already a user of Coinbase and want to upgrade to Coinbase Pro, you can easily migrate your Coinbase account and all your linked assets to the “Pro” version by simply logging in with your existing username and password.
Both of these platforms are smoothly integrated and offer a seamless experience while shifting to other. However, if you are new to the Coinbase platform and want to start using the “Pro” platform straight away, you can do so by following the steps given below.
Coinbase and Coinbase Pro are one of the best crypto exchange platforms for both beginners as well as veteran traders as they offer a lot of features for trading as well as provide high-security to your wallets along with insurance.
This article would’ve helped you understand what Coinbase and Coinbase Pro are and how they differ. Registering on Coinbase and Coinbase Pro is not a very difficult task and you can do so by following all the steps that we have shared above. If you still have any doubts regarding the registration process or anything else at all, then don’t hesitate to ask us.
Technical analysis can help you predict the future market movements of Bitcoin more accurately and trading view is one way of doing so.
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