How To Transfer Crypto From Coinbase To Coinbase Pro Account

How To Transfer Crypto From Coinbase To Coinbase Pro Account

Coinbase is one of the most reliable cryptocurrency exchanges in the world.

This comes from more than a decade presence and experience in providing crypto services.

After some time on coinbase, you might want to transfer from coinbase to coinbase pro.

This is due to access to more advanced features coinbase pro offers.

Coinbase has made a lot of moves regarding the way they simplify the use of cryptocurrency to new crypto users.

This is why it has a coinbase version that is more user friendly to total beginners in crypto.

As you mature more with the use of cryptocurrency tools like price chart, you will crave for a more advanced version of coinbase.

This has been made possible with the use of coinbase pro.

With coinbase pro, you are exposed to more tools than you would if you were still using the default coinbase.

This guide will learn how to transfer crypto from coinbase to coinbase pro easily.

Reasons To Transfer From Coinbase To Coinbase Pro

As crypto traders grow in experience, they begin to seek after more advanced tools.

This is to broaden their technical analysis and increase chances of trading success.

Also, access to low spread and low trading fees becomes a priority too.

With the use of coinbase pro, these and many more are accessible.

Some of the reasons why crypto users transfer from coinbase to coinbase pro are;

1) Access To Advanced Trading Tools.

With the use of coinbase, the features in trading tools are minimized.

This is to make the trading platform look and feel more user friendly to complete beginners.

As your maturity and knowledge in crypto broadens, these tools become inadequate for your trading.

If you experience this, then its time to switch to coinbase pro.

Coinbase pro will expose you to a lot of tools that will make your trading analysis more detailed.

This will help you spot more optimum ways of crypto trading in a productive way.

This is because advanced trading tools give clear information for trade entry.

It also helps traders pocket more profit by showing good exit zones for active trades.

If you want to take your crypto trading to another level, a transfer from coinbase to coinbase pro is one of the next decisions to make.

2) Access To Better Trading Fees

Trading fee is a high determining factor when it comes to the profit made from crypto trading.

The higher the fees, the lower the profit you make.

But when the fees are less, you get to make more profits from your trade.

Coinbase pro has a better record for low trading fees as compared to coinbase.  

This is why crypto traders switch to coinbase pro when they start trading high volumes of crypto.

This helps in reducing the trading fees as you can buy and sell with the maker option which reduces the fee that you pay.

Requirements Before You Transfer To Coinbase Pro

Before you can be successful in sending crypto to your coinbase pro account from your coinbase account, there are some requirements you must fulfill.

These requirements are;

1) Have a Verified Account

Before you can be able to successfully send funds from your coinbase to your coinbase pro account, you have to be verified.

This means your coinbase account has to be verified.

Your coinbase pro account has to be verified also.

The reason why you should make sure that your account is verified is to make the transfer limitless.

Coinbase has limits that are set to the account of users depending on their level of verification.

The higher the level of verification that you have completed, the higher the amount you can transfer and make transactions with.

So make sure that your accounts on coinbase are verified.

In case you have an issue with verifying your coinbase account, this guide on how to verify coinbase account will help you.

2) Have Crypto In Your Coinbase Account

Since you are using your coinbase account to send money to your coinbase pro, make sure you have enough funds in your coinbase account.

Not just having funds in other crypto balance but also in the crypto that you want to send to coinbase pro.

If you do not have adequate funds, the transfer will not be successful.

How To Transfer Crypto From Coinbase To Coinbase Pro Account

Step 1: Log In To Your Coinbase Pro Account

transfer from coinbase to coinbase pro

In this step, you will have to access your coinbase pro account by logging in to your account with your details.

Know that you can log in to your coinbase pro account with your coinbase account details.

This is because your coinbase and your coinbase pro accounts are linked.

The difference is that even though they are linked, the wallet addresses are not the same.

Step 2: Visit The Trading Page Of Coinbase Pro

If You have successfully logged in to your coinbase pro account, go ahead and click on the trading page.

This is to help you get the address details of the cryptocurrency that you want to transfer from coinbase to coinbase pro.

Click on deposit so that you can have access to the type of crypto that you want to make the transfer.

To Find the deposit option, click on the wallet function and you will be able to see the deposit function.

Step 3: Select The Crypto Currency That You Want To Deposit

Here, you are going to select the cryptocurrency that you want to send funds to from your coinbase wallet.

If it is cardano that you want to send funds to in coinbase pro, select cardano.

Step 4: Enter Deposit Amount

Now that you have selected the cryptocurrency that you want to fund from coinbase, enter the amount you want to fund.

While entering the amount that you want to fund, make sure that you do not enter an amount greater than what you have on coinbase.

This will make the transfer unsuccessful.

So make sure that you enter an amount that is close that what you have on your coinbase wallet.

Step 5: Select To Fund From Your Coinbase Account

After selecting the crypto you want to deposit and the amount, you have to select where you want to fund the transfer from.

Since we are funding from our coinbase account, select coinbase wallet.

From here, you will be able to see how much funds that is present in your coinbase wallet.

This will guide you on amount to transfer so that you do not use a figure higher than your coinbase account.

Step 6: Finalize Deposit From Coinbase To Coinbase Pro

Now that you have selected coinbase wallet as the source wallet for the funds transfer, click on deposit and finalize the transfer.

After you click deposit, the funds transfer will be successfully transfered from your coinbase to your coinbase pro wallet.

How Much Fee To Send Crypto From Coinbase To Coinbase Pro

Transferring from coinbase to coinbase pro is absolutely free.

This is one of the questions a lot of people ask when they want to switch from coinbase to coinbase pro.

If you also had this type of question in mind, just know that you do not pay a fee for the transfer.

How To Withdraw Crypto From Coinbase Pro To Coinbase Account

Step 1: Log In To Your Coinbase Pro Account

transfer from coinbase pro to coinbase

To begin the process of sending funds to your coinbase wallet from your coinbase pro, first you have to log in to your coinbase pro account.

Know that you can use the same log in details of your coinbase account to log in to your coinbase pro account.

This is because the two accounts are linked.

The difference is that coinbase pro is more advanced in functionality than coinbase which is more beginner friendly.

Step 2: Enter Coinbase Pro Trading Page

 After you have successfully logged in to your coinbase pro account, click on the trading page.

Step 3: Select The Withdraw Function

Since we are going to be withdrawing from our coinbase pro to our coinbase wallet, select withdraw.

The withdraw function can be found under the wallet balance.

Click on wallet balance and you will be able to see the withdraw function.

Step 4: Select The Crypto You Want To Transfer

Here, you will select the cryptocurrency that you want to transfer from your coinbase pro to your coinbase wallet.

If it is a crypto like ripple that you want to transfer, then select ripple.

Step 5: Input Amount You Want To Withdraw To Coinbase Wallet

After you have successfully selected the cryptocurrency that you want to transfer to coinbase wallet, input the amount to transfer.

Before inputting the amount that you want to transfer, make sure that your coinbase pro wallet balance is not less than the amount that want to transfer.

Step 6: Select Destination Account For Transfer

After you have inputted the crypto that you want to transfer from coinbase pro to coinbase and amount, select the destination of the transfer.

In this case, the destination of our transfer is coinbase.

So select coinbase as the wallet you want to make the transfer to from coinbase pro.

Step 7: Confirm Your Withdrawal

Now that you have successfully selected the destination you want your transferred crypto to be seen, select withdraw and complete the transfer.

This will transfer the crypto to your coinbase wallet.

Conclusion

In the course of this guide, two ways on how to transfer crypto between coinbase pro and coinbase account has been taught.

The first is on how to transfer crypto from coinbase to coinbase pro.

The second is how to tran crypto from coinbase pro to coinbase account.

This knowledge will really help you in maximizing the optimum usage of coinbase for crypto transactions.

Read Also: How To Open A Coinbase Account


Posted

in

by

Tags:

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *