fbpx
Crypto.com Supercharger Review: Beginners Guide

Crypto.com Supercharger Review: Beginners Guide

Crypto.com launched Supercharger on their exchange in September 2020. The first project to launch on Supercharger was UniSwap with an impressive $500,000 USD allocation. Their latest Enjin Supercharger is their biggest event, with an allocation of $2,000,000 USD, providing a massive 22.84%.

Supercharger is a simple, flexible and secure liquidity mining platform for the most popular cryptocurrency projects, such as UniSwap, Polkadot and Bitcoin. Users receive tokens (as rewards) for depositing CRO tokens into the Supercharger pool. Any verified Crypto.com Exchange user is eligible to participate as long as you have some CRO to deposit!

In this Supercharger review, I explain the whole process of how Crypto.com Supercharger works, from buying and depositing CRO to then claiming your rewards.

Crypto.com Referral Code

What is Crypto.com Supercharger?

Supercharger is a simple, flexible and secure liquidity mining platform for the most popular crypto projects. The platform was created by Crypto.com the one-stop-shop for crypto. Supercharger, available via the Crypto.com Exchange enables Crypto.com users to deposit CRO and farm coins from the most popular crypto projects.

The platform is simple to use and requires only a single click. Simply deposit the Crypto.com CRO token into the Supercharger in order to mine tokens and earn daily rewards.

what is crypto.com supercharger

How does Supercharger work?

When a Supercharger event is in the “Charging Period”, users can deposit and withdraw tokens from the liquidity pool as often as they want. A charging period is between 30-45 days. Plus there’s a minimum deposit of 100 CRO which users can deposit from their Crypto.com exchange spot wallet

How does supercharger work crypto.com

Then the “Reward” or “Distribution Period” is for the next 30-45 days and starts after the Charging Period.  Users’ rewards are based on the liquidity score they accumulated during the Charging Period. Rewards are distributed evenly on a daily basis during the Reward Period and are prorated based on a user’s share of the total liquidity pool. These tokens are sent back to your Crypto.com exchange spot wallet.

So, all you need to do is deposit your tokens into the liquidity pool and charge for the duration of the charging period. Then you will receive reward tokens every day during the Rewards Period.

Ledger Nano X - The secure hardware wallet

What Tokens Can I Earn with Supercharger?

With Supercharger, you can farm some of the most popular cryptocurrency and DeFi projects. The first project that ever launched on Supercharger was the Uniswap UNI token with a 500,000 USD allocation.  They’ve since launched successful events with the likes of  Polkadot, DOGE and Bitcoin.

Their latest project is with Enjin (ENJ). This is their largest ever token allocation of $2M, plus their highest estimated returns. Previous events had APYs at around 2 or 4% (with the highest rate of 13% for Uniswap). However, the Enjin event has an estimated APY currently sitting at just over 21%.

Tokens to farm with supercharger

Who Can Use Supercharger?

Any Crypto.com App or Exchange user can use Supercharger. Except for residents and citizens of Hong Kong SAR, Mainland China and the USA. If you don’t already have a Crypto.com account click here.

To get started, you’ll need to be verified to starter level or above. Plus, you’ll need to have some CRO available in your exchange spot wallet to deposit.

Minimum Deposit

With Supercharger, there is a minimum deposit of 100 CRO per deposit. Users are allowed to make multiple deposits too without any costs. There is no maximum limits of CRO that you can deposit.

How to deposit in Supercharger

Supercharger Fees

The Crypto.com Supercharger platform boasts zero fees. You will need some CRO to deposit. However, unlike a lot of liquidity mining platforms, there are no gas fees to pay. Meaning no extra costs eating into your profits.

Where Can I Buy CRO Tokens?

If you don’t have any CRO to deposit into the Supercharger, you can trade for these using the crypto.com exchange site (or app) where they have a range of trading pairs available for CRO.

Alternatively, you can use their “DEFI Swap” platform. However, just be aware that tokens deposited as liquidity in the pool will not count as staking.

Where to buy CRO Tokens?

How Is the Liquidity Score Calculated?

Crypto.com take an hourly snapshot of the liquidity provided, per user. Throughout the “Charging Period”, one snapshot of the liquidity pool would be taken every hour and the liquidity provided by each user is logged.

Then they calculate the total liquidity provided per user. At the end of the Charging Period, they add up the liquidity provided by each user every hour during this period.

What is the Acceptance Period?

The acceptance period is a really important part of Supercharger. This is because it can effect the number of rewards you will recieve.

Immediately after the charging period ends they’ll determine your liquidity score and the rewards you’ll receive. Once this is confirmed, you have the option to accept it any time before the “Acceptance and Reward Period” starts.

how to accept supercharger rewards

To ensure that you receive your the full reward amount allocated to you, its important that you log in to the exchange and accept before reward distribution begins.

If you fail to accept your reward allocation (before reward distribution begins) you lose a portion of your rewards. to be distributed. If this happens you’ll still be entitled to the remaining portion of your reward allocation. However, you will need to log into the exchange and accept your reward allocation.

How to Accept Your Supercharger Rewards

To receive the full reward allocation, you’ll need to log into the Crypto.com Exchange site and accept your rewards. This can only be done once the charging period is complete.

  • Firstly, log in to the Exchange and head to your “Balances”. Then click on “Supercharger”.
  • Ensure that the “Supercharger” tab is selected on the left and locate the event.
  • Simply, accept your allocation by ticking the box and your rewards will then be issued daily.

Crypto.com Exchange

Supercharger is just one of the many features that Crypto.com Exchange has to offer. If you want to find out more information on the likes of Markets, The Syndicate, or the Trading Arena. To find out more information on the Exchange or to sign-up to Crypto.com click here.

Crypto.com Exchange Review
Coinbase Review & Tutorial 2021: How to Buy & Sell Bitcoin

Coinbase Review & Tutorial 2021: How to Buy & Sell Bitcoin

In this review, I take you through Coinbase, one of the most popular and trusted cryptocurrency exchanges in the world. Coinbase’s design is simple and user-friendly, even for the new crypto investor. The platform’s popularity continues to grow and is available in over 100 countries and with over 35 million users buying, selling, and trading cryptocurrencies.

Firstly, I’ll provide an overview of Coinbase, take a look at their other features such as Coinbase Earn and Coinbase Pro. I will then explain, how to buy, sell and store bitcoin and crypto using the Coinbase platform.

Sign-up to coinbase and earn free crypto

What is Coinbase?

Coinbase.com is a secure online trading platform for buying, selling, transferring, and storing digital currency, such as Bitcoin. The platform is ideal for new users getting into cryptocurrency, purchasing their first Bitcoin with the likes of a credit/debit card, or via bank transfer. It is easy to use, convenient and has easy onboarding.

Coinbase essentially is built up of 4 individual products & platforms, plus their own USD Coin. These are; Coinbase.com, Coinbase Pro, Coinbase Earn and the Coinbase Wallet.

Coinbase Features 2021

Coinbase Pro

Coinbase Pro is a trading platform aimed at more experienced traders. Traders can exchange a wider range of assets with more advanced order types, using order books, charts and graphs. One of the advantages of trading on Coinbase Pro, compared to Coinbase is their lower trading fees. To reduce your trading fees even further, it’s worth checking out the Binance Exchange.

If you would like to find out more information check out our Coinbase Pro Review & Tutorial.

Trade Bitcoin with Coinbase Pro

Coinbase Wallet & DApp Browser

The Coinbase Wallet is a standalone app, that allows users to store their own crypto and explore the decentralized web with a Dapp browser.  This wallet is not to be confused with the Coinbase app, which is also available on Coinbase.com.

It’s not recommended to keep your crypto on Coinbase or their Coinbase Pro exchange. With this crypto wallet, you are able to safely store your crypto assets and have full control. However, if you would prefer further security with your crypto stored offline, it’s worth looking into a hardware wallet such as a Ledger or Trezor.

If you would like to find out more information check out our Coinbase Wallet Review.

Coinbase Wallet & DApp browser Tutorial

Coinbase Earn

Coinbase also gives you the opportunity to earn free crypto with their Coinbase Earn feature. Coinbase Earn provides its users with an incentive to earn free crypto while learning about crypto, in a simple and engaging way.

Earn $50 FREE Stellar XLM with Coinbase Earn

Coinbase $10 Bitcoin Sign-up Bonus

If you’re new to the Coinbase exchange, they offer new users a sign up bonus of $10 when buying or selling at least $100 (or more) of crypto.

For more information on Coinbase referral code or sign up bonus click here.

Sign-up to coinbase and earn free crypto

Coinbase Supported Cryptocurrencies

With Coinbase the availability for depositing, buying, selling and withdrawing cryptocurrencies will vary by each asset. You may also find that the fees and availability will depend on your country and payment method.

what cryptocurrencies does Coinbase support

However, Coinbase exchange supports the most popular cryptocurrencies such as the likes of, Aave, Bitcoin, Cardano, Chainlink, Compound, DAI, EOS, Ethereum, Ripple, Stellar Lumens, Tezos, USDC, and Wrapped Bitcoin.

You can check out the full list of supported cryptocurrencies here.

Coinbase Fees

The fees that you pay with Coinbase will depend on the method of payment you choose and your location. The most expensive way to buy your crypto on the Coinbase exchange is via credit/debit card payments with a fee of 3.99%. This isn’t a way that I personally recommend buying your crypto due to high fees associated. Although it may be one of the most convenient, and you are paying for this convenience.

Other types of buy and sell orders with Coinbase incur a fee of 1.49%. This doesn’t seem huge, but if you compare this to Binance Exchange’s 0.1% or even their own Coinbase Pro platform at 0.5% you are definitely paying over the odds here.

As well as charging fees for instant buys and with payment via bank transfers, Coinbase also charge a spread of about 0.50% for both buy and sell orders. However, the actual spread may be higher or lower due to market fluctuations.

If you’d like to check out more information on Coinbase Pro you can click here.

If you’re serious about getting the best price when trading. I would recommend checking out other exchanges to reduce trading fee, such as Binance Exchange (save up to 45%) or FTX (save 5%).

Coinbase Fees UK

The fees that you will pay with Coinbase exchange will differ depending on your location. Below is the Coinbase fees for those of you in the UK. However, you can find a full list of fees on their site.

What are the fees for Coinbase UK

Coinbase Fees US

The fees that you will pay with Coinbase exchange will differ depending on your location. Below is the Coinbase fees for those of you in the US. However, you can find a full list of fees on their site.

What are the fees for Coinbase in the US

Coinbase Support

Coinbase customer support is one of their biggest downfalls and has been heavily criticized on the likes of TrustPilot giving them a rating of “Bad”. Although I have never personally experienced any issues with Coinbase. I can see how frustrating it can be if something goes wrong or you need help.

During crypto bull markets, Coinbase will have a surge of newbies signing up, and with more new users comes more complaints and customers needing help. So Coinbase has become a victim of their own success, and hopefully will be ready for the next Crypto bull market.

Coinbase Trustpilot Score

Is Coinbase Safe?

To use the Coinbase exchange, you access the site with a username and password plus any form of 2 factor authenticate you have associated. Coinbase is a centralised exchange and therefore has control over your crypto, with no access to your private keys. This means you are entrusting a third party to look after and secure your crypto assets.

Is Coinbase Safe

Although Coinbase has not reportedly suffered an attack, there have been reports of Coinbase freezing user accounts. Therefore, I’d personally recommend not to keep your crypto in an exchange which is far more likely target for hackers. When you have finished trading, move your crypto to the safety of a wallet, such as the likes of a hardware wallet like a Ledger or a Trezor.

Ledger Nano X - The secure hardware wallet
BitFlyer Exchange Review 2021: Beginners Guide

BitFlyer Exchange Review 2021: Beginners Guide

If you’re looking for a platform where you can trade for the most popular cryptocurrencies with euros, Bitflyer Europe may be the exchange for you. Ideal for the smaller investor (or newbie) with deposits as little as 1 Euro. Plus buy and sell your cryptocurrencies with ease with a credit or debit, bank transfer or even via a PayPal account.

In this review, I will take you through an overview of the cryptocurrency exchange Bitflyer Europe, which will include supported cryptocurrencies, deposit methods, fees, and security.

What is BitFlyer?

BitFlyer is a cryptocurrency exchange where 2 million registered customers currently buy and sell Bitcoin and other virtual currencies.  

bitFlyer was founded in 2014 by Yuzo Kano, a former derivatives and bonds trader from Goldman Sachs. They’re the first cryptocurrency exchange in the world to facilitate operations in Japan, America and Europe.

European based BItflyer Europe exchange

Users in Europe, can get access to one of the largest bitcoin markets in Japan, while still using a European-regulated platform.  Japan is currently home to the biggest global bitcoin market and bitFlyer currently handles over 70% of JPY trading. 

Today, we’ll be covering bitFlyer Europe S.A.  Which launched in 2018 and is a subsidiary of bitFlyer, Inc. their European office is located in Luxembourg they operate an exchange platform for European traders to buy and sell virtual currencies

How to Buy with BitFlyer?

With BitFlyer, there are 3 different way to buy Bitcoin, or other cryptocurrencies such as Ethereum and Litecoin.

First you have Instant Buy, allowing you buy the likes of Bitcoin instantly with a credit card.

There’s also a Buy/Sell option where you can buy or sell with a bank, crypto or PayPal deposit.

Then there’s Lightening, for a pro trading option giving the user more varied order types.

what is the Bitflyer exchange

Deposit Methods

With BitFlyer you can deposit FIAT such as Euros via bank transfer. Alternatively, you can easily deposit using a PayPal account. However, in order to use PayPal, you will need to upgrade your account to “Trade Pro”.

how to buy Bitcoin with Paypal

If you want to deposit cryptocurrencies you can send tokens such as BTC, Litecoin, Ethereum to the exchange for trading.

Please be aware, that if you are depositing using PayPal or cryptocurrency you will need to link a bank account to withdraw later. PayPal withdrawals are not supported and cryptocurrency can only be withdrawn when a linked account has been added.

Supported Cryptocurrencies

BitFlyer Europe supports some of the most popular cryptocurrencies, such as the likes of Bitcoin (BTC), Ethereum (ETH), Ethereum Classic (ETC), Litcoin (LTC), Bitcoin Cash (BCH), MonaCoin(MONA) and Lisk (LSK).

If you’re looking for more extensive trading pairs, it might be worth checking out crypto to crypto exchanges such as Binance.

Bitflyer supported crypto

Fees

There are varied deposit fees that you will pay with Bitflyer Europe which will depend on your method of transfer. For example, if you deposit via SEPA, this is free of charge. However, for PayPal deposits, you will pay 4.9% plus a 35 cent cost per transaction.

Buy/Sell orders on BitFlyer Europe do not incur any additional fees and with the price already including this as part of the spread.

With Instant buys there are fees of 1.95% and 25 cents, per transaction. You’ll also find that the price is inflated from the current market price.

how to buy bitcoin with Bitflyer

BitFlyer Lightening has fees at lower rates of 0.2% to 0.10% depending on trading volume within a 30 day period.

In terms of withdrawals, bitFlyer EU charges 0.0004 BTC as a flat basic withdrawal fee for BTC withdrawal. SEPA withdrawals will be charged at 30 cents for amounts under €250,000 and €10 for above €250,000.

You can find a full list of trading fees, click here.

What is BitFlyer Lightning?

BitFlyer Lightning is the more advanced trading platform by BitFlyer Europe. Similar to the likes of Coinbase Pro, with BitFlyer, you’ll find cheaper fees, more advanced order types charts and graphs. With the ability to create a limit, stop limit and stop orders, you can define orders at your own price and wait for the market to reach this.

There are 2 trading pairs to choose from which are Bitcoin/Euros and Bitcoin/Japanese Yen.

How to buy BTC with EURO Bitflyer

Is BitFlyer Exchange Safe?

Bitflyer is the first cryptocurrency exchange with licenses to operate across Europe, the US and Japan combined. It is also a financial institution licensed by the Luxembourg Ministry of Finance.

For customers funds protection, 80% or more of bitFlyer owned bitcoins are stored in a cold wallet, isolated from the network. The cold wallet is protected by several physical locks as well as a robust 24-hour surveillance system.

Bitflyer encourages 2 factor authentication during login, for registering addresses and for euro withdrawals. Plus an account lock when an incorrect password has been entered too many times.

is bitflyer crypto exchange safe

BitFlyer Support

If you have an issue with the BitFlyer Europe exchange you can search the FAQ section of their site. Alternatively, you can submit an enquiry by completing an email contact form.

Crypto.com NFTs Review: How to Buy & Sell NFTs

Crypto.com NFTs Review: How to Buy & Sell NFTs

With the rise in popularity of NFTs (Non-Fungible Tokens), it’s no surprise that the one-stop-shop for crypto, Crypto.com has jumped in on the act. Crypto.com will be offering unique digital content from the likes of Bosslogic & Snoop Dogg on their new Crypto.com NFT platform.

In this review, we’ll take a look at what Crypto.com NFT is, what are NFTs, how to buy NFTs, and the different payment methods and supported wallets.

What is Crypto.com NFT?

Crypto.com NFT is looking to become the world’s largest and most user-friendly NFT platform. Having the aim is to accelerate the world’s transition to cryptocurrency, with NFTs being the next step. 

Crypto.com launched its NFT platform on March 26th, 2021. The platform is dedicated to delivering unique content to collect and trade from the most popular artists, musicians, and sports.  These include the likes of Aston Martin, BossLogic, Boy George, Snoop Dogg, and Lionel Richie.

Leading this brand new venture is Crypto.com’s newly appointed Executive Vice President Global Head of NFTs Joe Conyers. Joe was named a Digital Power Player by Billboard Magazine four years in a row, and most recently served as Chief Strategy Officer at Downtown Music Holdings. Joe brings over a decade of experience building global businesses that support artists. 

What are BossLogic NFTs

Crypto.com’s first NFT dropped on March 26th, 2021, is was a new collection entitled “Greater Heights” by Marvel artist BossLogic. Within 24hrs of going live, the “Greater Heights” collection from BossLogic completely sold out. Some of the digital artwork is already being resold on the platform, with editions going for more than $5000. If you would like to track the prices and history of the artwork being sold, check out NFT LamboFactory.

Future drops include partnering with Aston Martin Cognisant Formula One. Who are introducing NFTs as a way to celebrate the team returning to F1 for the first time in 60 years. On Saturday 27th March, the crypto.com NFT platform will offer a new way for their fans to own a piece of their history. And the collection of NFTs they’re making available will capture the very first moments of their return to F1.

Boy George also has a drop. Which will display his creativity and brings together animated and still versions of his own paintings together with his iconic music, representing the full breadth of his artistic output.

F1 Formula One Aston Martin NFT

What are NFTs?

An NFT, or “Non-Fungible Token” is type of digital asset. These NFTs are unique and one of a kind and can be bought or sold like any other piece of property or artwork.

In the same way as cryptocurrency, the ownership of your NFT is recorded on a blockchain. Therefore records cannot be forged as its maintained by computers all around the world.

NFTs can also contain smart contracts that could possibly include royalties for an artists for any future sales.

How to Buy NFTs?

To buy an NFT with Crypto.com, you simply register and create a Crypto.com NFT account on their site. This will include providing your name, email address, and a display name for your profile. You will then be required to verify your email address and login.

How to sign up for crypto.com NFT

When a drop is available you will be able to view this under the “Drops” section of their site. If its not yet “Live” you can also subscribe to be notified when these are launched.

Locate a listing that you would like to purchase, this will then provide you with the description of the NFT, plus the description and cost. You can also “view available editions” to choose a specific one.

When you are happy you can then select to “Buy your NFT”.

You’ll then be prompted for your payment method.

how to buy BossLogic NFT crypto.com

Payment Methods

Any collector or fan can pay for NFTs, regardless if they are a crypto.com user or not. Users can pay with a single click with a credit or debit card.

Alternatively, existing Crypto.com App users can pay using the Crypto.com Pay feature. Meaning that they can purchase their NFTs with the likes of Bitcoin, Ethereum, and the more recently added Dogecoin.

How to buy NFTs?

Supported Wallets

When making your payment you can use Crypto.com App, Metamask, WalletConnect and Other Cryptocurrency Wallets.

Payments with the Crypto.com App is incredibly easy to do. Simply scan the QR code shown on the screen with your crypto.com app and confirm the payment. Plus this is instant and there are no network fees to pay.

Metamask, WalletConnect, and “Other Cryptocurrency Wallets”, allows you to pay using the tokens that are listed on Defi Swap. If you’re not familiar with Defi Swap, check out my tutorial here.

how can i buy an NFT?

What can you do with your NFT?

Once you have your NFT what you do with it is up to you. You can keep it as a collectable, or you can sell it. Any NFTs purchased can be found under “My NFTs”.

Under the “Explore” tab within the platform, you’ll find a host of NFTs being sold by users on Crypto.com NFT. Where you’ll find see the editions that are available to buy, the current owner at the price.

This is great for those who might miss out on a drop and still want to get their hands on these popular NFTs. Or, for those looking to make a bit of money on the artwork that they’ve purchased.

How to sell an NFT
Coinbase Pro Review & Beginners Guide 2021

Coinbase Pro Review & Beginners Guide 2021

Coinbase Pro is an advanced cryptocurrency trading platform from the popular US-based cryptocurrency exchange Coinbase. If you were lucky enough to have already purchased Bitcoin or Ethereum, it’s likely you have used Coinbase. Coinbase is normally the gateway for newbies to buy their first crypto assets.

However, purchasing the likes of Bitcoin on Coinbase (although very quick and simple) is not the most cost-effective way. By using Coinbase Pro you can buy Bitcoin, Ethereum, etc at a better price and reduce the trading fees to between 0% and 0.5%.

In this Coinbase Pro Review, I will explain how to make these savings when buying Bitcoin. Plus, how to deposit, buy with a market and a limit order, the difference between a limit or a stop-limit order, and how to sell and withdraw.

What is Coinbase Pro?

Coinbase Pro is a trading platform offering its users a secure way to buy, sell, and trade cryptocurrencies across 99+ trading pairs. Created back in 2015, Coinbase Pro is an evolution of the trading platform GDAX, which was rebranded to Coinbase Pro in 2018.

You can track the market, trade history, and monitor open orders. One of the many benefits of using Coinbase Pro as opposed to Coinbase is the fact that the fees greatly reduced to as low as 0%. Coinbase Pro also allows you to place a buy or sell order, so you can simply wait for the market to reach that price as opposed to taking the price at the current market value.

what is coinbase pro

Who Can Use Coinbase Pro?

Coinbase Pro is designed for individual traders. Depending on your location, you may have access to crypto/fiat trading pairs, or restricted to crypto/crypto trading pairs only. A full list of locations and trading pairs can be found here.

If you have already have a Coinbase account, you can use the same credentials on Coinbase Pro and you do not need to create separate accounts or logins.

Coinbase Pro Support Countries

Coinbase Pro vs Coinbase

Both Coinbase and Coinbase Pro offer the ability to buy and sell the likes of Bitcoin and Ethereum. However, traders who are looking for more advanced functionality are advised to use the Coinbase Pro exchange. With Coinbase you are only able to buy at the market price where fees for the convenience are higher. Whereas Coinbase Pro allows you to define your own price and trading fees are generally lower.

Coinbase Pro Supported Cryptocurrencies

The cryptocurrencies availability and fees will depend on your country and payment method. See the below list of all supported cryptocurrencies on the Coinbase Pro platform by region.

A list of all available supported cryptocurrencies, for both Coinbase and Coinbase Pro can be found on their FAQ.

Coinbase Pro Order Types

With Coinbase Pro, you can create Market, Limit or Stop orders. A “Market” order, completes immediately at the current market price. A “Limit” order allows you to define the price you would like to pay for your crypto. Then finally you have something called a “Stop” order which triggers a buy or sell order when the price hits or dips to a certain value that you will define.

Depending on your trading volume, your order type may effect the trading fees that you will be paying.

Coinbase Pro Fees

Previously, one of the major reasons for using Coinbase Pro over Coinbase was using the Maker trade option. As a Maker of the market, (which means placing an order which was not immediately matched by an existing order), you used to pay reduced amounts in commission fees. However, this has recently changed and now only really applies to people trading 50K+.

Coinbase Maker & Taker Fees

As a ‘Maker’ of the market they state, you will pay a fee between 0.00% and 0.50%, depending on your trading volume. As a ‘Taker’ of the market (which means you place an order which is filled immediately) you will pay 0.04% and 0.50%.

However, for trading anything less than $50k, you will pay the exact same amount in commission fees whether you are a maker or a taker of the market.

Coinbase Withdrawal Fees

Withdrawal fees with Coinbase Pro will vary on the type of currency that you are withdrawing. Cryptocurrency withdrawals used to be free of charge and absorbed by Coinbase Pro. However, due to the hike in fees on the likes of the Ethereum blockchain, these are no passed onto their users. An estimate of the network fee will be displayed when withdrawing from the platform.

Withdrawal fees may also incur depending on your location, or the type of bank transfer.

Coinbase Pro withdrawal fees

Is CoinbasePro Safe?

Coinbase is one of the most trusted cryptocurrency platforms for buying and selling crypto. Any digital assets held by Coinbase are secured through a combination of online servers and offline “cold” storage. The platform stores 98% of customer digital currency in cold storage, with the remainder serving as liquidity to the markets.

Coinbase, as well as 3rd party underwriters, provide insurance greater than the amount held by Coinbase. Their insurance is to protect customers from security breaches, hacks, employee theft, or fraudulent transfer. Any losses resulting from unauthorized access to your personal Coinbase or Coinbase Pro accounts are not covered. Responsibility is with the account holder to use a strong password and maintain control of all login details.

Coinbase Pro Safe

Digital currency, such as Bitcoin, Litecoin, and Ethereum, are not subject to Federal Deposit Insurance Corporation (“FDIC”). However, U.S. customer funds that are held as cash are insured by the FDIC with maximum coverage of $250,000 per customer. If you want more information around Coinbase insurance, check out their website

It’s not recommended to keep any digital currencies on an exchange as you do not have access to your private keys. Therefore you have less control over your funds. If you want to protect your assets, make sure your store them in offline “cold” storage, such as a Ledger or Trezor.

Secure your crypto assets with a Trezor Hardware wallet

How to Trade on Coinbase Pro

If you’re interested in trading on Coinbase Pro and want to buy your first Bitcoin on the exchange, then use this step by step guide. Although the guide shows you purchasing Bitcoin, you can use this process for any type of cryptocurrency purchase. The guide also explains how to log in, create buy/sell orders, plus how to withdraw from the exchange.

Coinbase Pro Login

With Coinbase Pro, your credentials are automatically transferred across from Coinbase. Therefore you do not need to create a new account or have a separate log in. Plus, all of your security/2 factor authentication settings are also transferred across.

coinbase pro login

Deposit Funds to Coinbase Pro

To get started with Coinbase Pro the first thing you need to do is deposit funds into your account. Your account can be funded with digital assets or fiat currency. Some deposits do incur fees, please refer to Coinbase Pro Fees for more information.

Go to ‘Portfolios‘ and select “Deposit“.

Choose your Currency Type.

If you choose to fund from a bank account, its important to include the reference number stated on your transfer. This is so that Coinbase can map your bank account and Coinbase Pro account together.

Transfer from Coinbase to Coinbase Pro

If you want to transfer funds from Coinbase to Coinbase Pro, select the Coinbase Account option.

coinbase pro deposit FIAT

Enter the amount you’d like to deposit or click Max to deposit all available funds.

Click “Deposit

Funds transferred from Coinbase to Coinbase Pro are fast and free and will take roughly 10 seconds to process.

How to Buy on Coinbase Pro

The below steps will explain how to buy Bitcoin. However, the same process will apply for purchasing other cryptocurrencies.

Select the market to Buy in i.e. BTC to GBP if purchasing in GBP and Click “Buy

Coinbase Pro Buy Bitcoin Save Fees

If you wish to purchase Bitcoin immediately at the current market value, select the ‘Market‘ tab select the amount and submit your buy order.

If you wish to purchase Bitcoin at a price you define and wait for someone to match your order, select the ‘Limit’ tab. With a limit order, enter the amount of Bitcoin you would like to purchase (in BTC)

Then, enter the price you would like to Buy at, in the Limit field.

Coinbase Pro Limit Order

Tip: If you want to be a maker of the market, ensure you put in a value below the current market price.

You can then view the associated Fees at the bottom of the screen

Click “Place Buy Order

Your buy order will then appear under Open orders. If the market changes or you simply want to cancel an open order you can do so, by clicking on the X icon beside it.

Once filled, your order will then appear in the ‘Fills‘.

How to Sell on Coinbase Pro

The below steps will explain how to buy Bitcoin. However, the same process will apply for purchasing other cryptocurrencies and fiat currencies.

Select the market i.e. BTC to GBP & Click “Sell”

Coinbase Pro BTC to GBP Sell Order

If you wish to sell your Bitcoin immediately at the current market value, select the ‘Market’.

If you wish to sell your Bitcoin at a price you define and wait for someone to match your order, select the ‘Limit‘ tab.

Enter the amount of Bitcoin you would like to sell (in Bitcoin).

Define a Price that you would like to sell at in the ‘Limit‘ field.

Selling BTC with Limit Order

Any associated fees and the total will be shown at the bottom of the screen. Click “Place Sell Order

Once someone has bought at the price you have defined the order will show in ‘Fills’. You can cancel your order at any time before it has been filled by clicking onto the X beside the open order.

Withdraw from Coinbase Pro

You can withdraw digital assets of fiat currency from Coinbase Pro to an external wallet or bank account. Alternatively, funds can be withdrawn to a Coinbase Account or certain bank accounts for free. Withdrawing from Coinbase can incur fees, please see the Coinbase Pro Fees for more information.

Go to ‘Portfolios‘ & click ‘Withdraw

Select the currency type you would like to withdraw. Select ‘Bank account‘ or ‘Coinbase Account’

Enter the amount you would like to withdraw or click onto Max. Click “Withdraw GBP

Your funds will then withdraw to your allocated account for free.

withdraw from Coinbase Pro

Coinbase Tutorial

If this is all too advanced and you haven’t even bought your first digital currency, check out my Coinbase Tutorial. I go through the process of how you can get started and how to buy and sell Bitcoin. Coinbase gives you the convenience of buying crypto with a credit/debit card or via bank transfer. You can now even withdraw to PayPal (in the UK) free of charge!

Idiots Guide to Coinbase