Coinbase Pro is a cryptocurrency exchange platform that offers advanced trading features for both individual traders and institutional investors. It is the professional version of Coinbase, designed to cater to experienced traders. Some notable features of Coinbase Pro include:
- Advanced Order Types: Users can place different types of orders, such as market orders, limit orders, and stop orders, allowing for more precise trading strategies.
- Robust Trading Tools: Coinbase Pro provides a range of technical analysis charts, order books, and real-time market data to help users make informed trading decisions.
- Lower Fees: Compared to Coinbase, Coinbase Pro generally offers lower fees for trading, especially for high-volume traders.
- Higher Liquidity: Coinbase Pro has a larger trading volume and liquidity pool, making it suitable for traders who require faster and more efficient executions.
To sign up and log into Coinbase Pro, follow these steps:
-Visit the Coinbase Pro website (https://pro.coinbase.com) and click on the "Sign Up" button.
- Enter your personal information, including your name, email address, and desired password. Ensure that the password meets the platform's security requirements.
- Complete the reCAPTCHA to verify that you're not a robot.
- Read and agree to Coinbase Pro's terms of service and privacy policy.
- Click on the "Create Account" button. An email will be sent to the provided email address for verification.
- Open the email and click on the verification link to activate your Coinbase Pro account.- Upon verification, you can log in to Coinbase Pro using your registered email address and password.
To open an account and verify your identity on Coinbase Pro, you need to follow the steps below:
-Complete the sign-up process mentioned above.
- Once you are logged in, you will need to provide additional personal information, including your date of birth, address, and phone number.
- Coinbase Pro may prompt you to verify your identity by uploading a government-issued ID, such as a passport or driver's license, and possibly a proof of address document.
- Follow the instructions to upload the necessary documents securely through the Coinbase Pro platform.
- After submitting the required documents, Coinbase Pro will review and verify your identity. This process may take some time, typically a few business days.
- Once your identity is verified, you will receive a notification, and you can start using Coinbase Pro to trade cryptocurrencies.
To set up two-factor authentication (2FA) for added security on Coinbase Pro:
-Log in to your Coinbase Pro account.
- Navigate to your account settings by clicking on your profile icon in the top right corner and selecting "Settings."
- Choose the "Security" tab.
- Under the Two-factor Authentication section, select "Enable Authenticator App" or "Enable SMS Authentication" based on your preferred method.
- Follow the prompts to either link an authenticator app like Google Authenticator or use SMS authentication.
- Once set up, you will need to enter the verification code generated by your chosen authentication method every time you log in or perform sensitive account actions for added security.
Coinbase Pro implements several security measures to help keep your account safe:-
Two-Factor Authentication: Enable 2FA as mentioned above to add an extra layer of security to your account.
- Secure Asset Storage: The majority of customer funds are stored in offline cold storage wallets that are not accessible via the internet, reducing the risk of hacking.
- Insurance Coverage: Coinbase Pro has insurance coverage to protect customer funds in case of a breach or other types of incidents.
- Account Activity Monitoring: Coinbase Pro monitors account activity for suspicious behavior or unauthorized access attempts.
- Account Limits: Users can set specific withdrawal and transfer limits to minimize potential damage in case of a security breach.
- Email and API Permissions: Coinbase Pro allows users to manage email notification settings and control API permissions for added control over account access and security.
It's important to practice good security habits, such as using a strong and unique password, regularly updating your software, and being cautious of phishing attempts, to further protect your Coinbase Pro account.