Review on Coinbase Pro by Inioluwa Okedeji
Coinbase Pro: The Perfect Exchange For Professional Traders But Limited To Be Used Globally.
Coinbase Pro is an affiliate of the coinbase platform, a US based company. It is a cryptocurrency exchange where traders and merchants can buy and sell digital currencies.
Coinbase Pro is one of the exchanges that offers the opportunity of fiat conversion and trading, although its fiat trading is limited to euros and dollars. It also allow users the opportunity to withdraw their digital assets in dollars or euros instantly.
One of the things I can point out concerning this plaform is that it isn't really for beginners and newbies that haven't yet gained experience in the crypto space, but it is a well equipped exchange for professional cryptocurrency traders and merchants.
In addition, the platform seems to only consider the usage of dollars and euros in fiat trading, which is a limitation to the platform making it difficult for other users whose native currencies aren't one of the two to make deposits and also withdraw in their fiat native currencies. So I wouldn't recommend this plaform except you want to trade with the above currencies. Apart from this, it features low and limited range of cryptocurrencies, this means that the number of digital currencies listed on the exchange and also available for trading is relatively low.
Coinbase Pro is a nice exchange, but it has to break these barriers of limitation limiting its global usage.
Pros
- Coinbase Pro is a safe and highly secured platform for the transacting of digital currencies.
- It is highly recommendable for professional traders.
- The trading fees on Coinbase Pro are comparably low to other exchanges.
Cons
- Not recommended for beginners and newbies.
- There is relatively low number of digital currencies listed on the exchange.
- Fiat conversion and trading is limited to only dollars and euros.
- The support interactions is also very slow.
