Review on Coinbase Pro by Nickolas Landry
Coinbase Pro shines, resolving issues with availability that some had experienced during a FOMO rush.
After netting some free cryptocurrency from regular Coinbase through the lessons they offer, I noticed the fees for purchasing and exchanging were a bit steep. After getting some feedback for lower fees from popular forums and websites familiar with cryptocurrency, I installed Coinbase Pro on Android, and deposited the coins I had accumulated. I was pleased to see no fees involved and low minimum amounts for those transactions. After a few effortless exchanges, I was relieved to see that my research in finding lower fees had paid off, as the ro version fees were a small fraction of those of its counterpart.
Further study revealed functional trade history and spread monitoring, which tops my list of go-to cues when dealing with volatile assets like cryptocurrency. Its not perfect, but it's good enough to notice indicators I look for when investing, and effortless navigation helps save time during peaks and valleys. Every second that passes could be the difference between loss and gain. I have read about people on Coinbase and other platforms that experienced issues during all time highs and fear of missing out moments, but I have yet to encounter any such issues, and have consistently performed well just by paying attention and using Coinbase Pro.
API functionality is there, if that's your thing. Orders are simple to specify, and execute without a problem. If I need to use fiat for a purchase, I will switch to the regular app and use my debit card, as Pro doesn't offer that option. Those fees I see as negligible now, considering the product we get and it's position among other cryptocurrency platforms and exchanges. Fees well paid to keep this machine maintained.
All in all, Coinbase Pro is the reason I have been able to make positive financial movements in a market known for its wild swings and volatility. Some of the other platforms I've used don't execute simple functions well, and flat out fail with more demanding tasks. Occasionally use the desktop version, same experience and the app. I highly recommend this platform to anyone involved with digital currency, both newcomers and seasoned veterans alike.
Pros
- Very low fee schedule.
- Abundance of pairs.
- Simplistic layout and interface.
- Deposits from the Coinbase app are free, with the entire amount available.
- Active trade history and spread monitoring.
- Orders are top notch, executing flawlessly.
- API utilization.
- Low minimum transaction amounts.
- Android application functions just as well as the PC version.
Cons
- Uses a third party to link bank account.
