A complete review of Pro Coinbase- a crypto exchange
Trading in cryptocurrencies will become much easy with the right selection of cryptocurrency exchanges. Exchanges act as a tool that will help you in making an appropriate investment. There are several exchanges in the market but knowing about them becomes quite necessary.
Here, we’ll shed light on one of the well-known, secured, and reputed exchange platforms- Pro Coinbase.
As the name refers, it is most favorable for the professionals who are eager to invest in cryptocurrencies with some advanced trading options in their hands.
However, it must be noted that it is not an addition to the crypto world, the cryptocurrency exchange platform GDAX is now rebranded as Pro Coinbase.
Let’s have a quick glance at its pros and cons.
Advantages
There are certain advantages associated with it that distinguishes it from the traditional Coinbase. Some of them are mentioned below:
- Simple navigation
The biggest advantage that the investors enjoy is its easy navigation and simplicity to use. For this reason, it is becoming favorable and can be used by new and experienced players as well.
- Elimination of withdrawal fees
This exchange eliminates the involvement of cryptocurrency-related withdrawal fees and allows you to enjoy trading at a minimum cost.
- Offers advanced trading
The exchange offer advanced trading to the players of the cryptocurrency market with its simple navigation. Advanced trading includes charts, market limits, stop orders, and much more.
A look at the drawbacks
There are certain drawbacks also with it apart from a lot of positive aspects. They are as follows:
- Favorable only for experienced investors
Although this exchange is simple to operate it is considered good for experienced traders who have gained enough knowledge about the cryptocurrency market trends, techniques, and the risk involved in it.
- Limited support
The help desk of the exchange offers limited support to the players and works quite slowly, leaving investors in chaos.
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Conclusion
Pro Coinbase has come forward for investors who are looking for advanced trading options and are tired of going with the simple ones. Not only this, it charges relatively less fee as compared to the traditional Coinbase. So, if you are well-versed with the techniques of trading, you can then switch to this exchange.
