Not all crypto exchanges are created equal, which means there are times when you need to move your digital assets from one platform to another. So if one exchange provides a financial feature or product that you need, it’s important to know how to get your assets from one place to the other.
The good news is that it’s not hard to make this transfer. You can get it done in five easy steps. First, however, you’ll need to have some familiarity with crypto exchanges and how they work. But before we dig into all that, let’s make sure it’s possible to transfer your crypto from Coinbase to Coinbase Pro.
Is it Possible to Move Assets from Coinbase to Coinbase Pro?
The answer to this question is yes. You can transfer any amount of your Coinbase portfolio to your Coinbase Pro account whenever you want. Plus, the exchange won’t charge you any fees.
A lot of amateur crypto traders start out using Coinbase. It’s the go-to exchange for rookie investors because it is simple and easy to use. Plus, the platform offers rewards in various types of cryptocurrencies just for watching videos and answering a few questions. But unfortunately, it charges some of the highest fees in the industry.
But it’s been a few years, and now you’re ready to take control of your investments and trading decisions. You’ve become a more advanced and educated investor, and you need a platform with more trading features to do so.
Or maybe you want to move away from buying and holding crypto and want to begin developing an investment strategy. By upgrading to Coinbase Pro, you’ll have access to more financial features like limit orders and stop orders, which require more in-depth decision-making. In addition, moving platforms will give you a way to make more high-volume decisions.
Things You’ll Need
You won’t need a whole lot to move your funds from Coinbase to Coinbase Pro. It’s a simple and mostly pain-free process. Here’s what you’ll need:
- Coinbase account
- Coinbase wallet
- Coinbase Pro wallet
- The cryptocurrency you want to transfer
How to Move Your Crypto from Coinbase to Coinbase Pro
If you don’t know it already, your Coinbase Pro and Coinbase accounts are connected to one another. The key difference is that both have their own separate wallets.
To Transfer Your Digital Assets from your Coinbase account to Coinbase Pro, you’ll take the following steps, which we’ll discuss more in-depth in a moment:
- Step 1: Log into your Coinbase Pro account
- Step 2: Find the trading page once you’re logged in
- Step 3: Locate the cryptocurrency you want to transfer from Coinbase to Coinbase Pro
- Step 4: Log into your Coinbase account
- Step 5: Click on the deposit option located near the lower portion of the page
That’s it. It’s not too difficult. Let’s take a closer look at what each of these steps looks like in more detail.
Step 1: Access Your Coinbase Pro Account
Navigate to the Coinbase Pro page and log into your account. You can use the same credentials that you use to log into your Coinbase account. Type in your username and password and log in to get started.
Step 2: Find the Trading Page on the Coinbase Pro website
Your goal is to deposit your cryptocurrency into your Coinbase Pro account, right? To do so, you’ll need to locate the “Deposit” option. You’ll find this button on the Portfolio page in the Wallet tab. It should be located on the left side. You should be able to see it there. Clicking on Deposit will result in a window popping up.
Step 3: Select the cryptocurrency you want to transfer into Coinbase Pro
The next step in the process is to find the digital asset you want to transfer to Coinbase Pro from your Coinbase portfolio. This includes assets like Bitcoin, Ethereum, Solana, and others. The options it will give you include some of the most popular currencies, but if you want to transfer something else that’s not listed, you can search for that specific currency.
Step 4: Choose the Corresponding Coinbase Account
Select the appropriate Coinbase Wallet from the drop-down menu to see your available balance. This is the balance of your Coinbase Wallet that you can transfer from Coinbase to Coinbase Pro. If your Coinbase wallet doesn’t have a balance, you can navigate to Coinbase and add the funds you want to transfer there, or you can connect your PayPal account to add your funds that way.
Step 5: Deposit funds to Coinbase Pro
The final step in the process is to select a Source wallet from which you want to transfer the funds. Enter the amount you want to transfer, and then click the Deposit button to complete your transfer from Coinbase to Coinbase Pro. That’s all there is to it. It’s easy, and you’ll be a pro in no time.
Coinbase Transfer Fees
Most cryptocurrency exchanges charge a fee for transferring your funds. The good news is that if you transfer your assets from Coinbase to Coinbase Pro, there are no fees associated with this transaction. Coinbase Pro is a more advanced platform, and you can transfer your funds and take advantage of all it has to offer without losing any of your money!
Advantages of Transferring to Coinbase Pro
There are plenty of reasons why you may want to transfer assets to Coinbase Pro. Coinbase has a user-friendly interface with charting and educational tools built-in, so while it’s a great place for investors to start, Coinbase Pro is a worthwhile upgrade for most users who want to do more.
Low fees
The unfortunate thing about Coinbase is the fee structure. Continuing to use Coinbase long-term means you’ll pay a lot of money in fees in the long run because they charge fees for every transaction. If you’re buying and holding, then maybe it’s not a big deal. However, when you’re making a lot of high-volume trades, the money you pay in fees negates the entire transaction.
The nature of Coinbase Pro is to cater to active investors who want to trade high volumes of crypto often. The higher the volume, the lower the fee. In fact, users get discounts based on the number of trades they perform on Coinbase Pro every month. Fees start at just 0.50% and fall from there.
Stop and limit orders
Stop and limit orders are tools that advanced investors use to make better buying decisions. With Coinbase Pro’s advanced charting views, you can get a better idea of how your assets are performing, which order you want to use next, and how you want to play every situation to your advantage.
The standard chart view displays the highest and lowest prices in a specified time frame. Switching to the advanced view gives you even more information with overlays for exponential moving averages. This improved view gives you all the information you need to become an advanced trader. You’ll gain insight into how all of your assets are performing, as well as those assets you may not have yet acquired.
Be in control
There’s nothing worse than feeling like you have no control over your finances, and your crypto assets are no different. Fortunately, users of Coinbase Pro have access to every API key, so they can use all of their favorite third-party apps with their accounts. Set everything up, so you have complete control over all of your trading.
Transactions supported
Unlike Coinbase, which only supports buy, sell, send, receive, and exchange transactions, Coinbase Pro allows you to do all of that plus withdraw, stop order, time in force order, and limit order. These advanced transaction types open your trading world up to much more freedom and allow you to do exactly what you want with what you own.
Maximum trading amount
Once again, Coinbase is somewhat limited here. Your trading amount limits will vary based on your payment method and region, whereas with Coinbase Pro, there’s absolutely no limit on the trading amount you can perform each month. This is perfect for high-volume traders who want to be able to perform many different transactions whenever the mood (or the market) strikes.
FAQs
There are plenty of questions about moving crypto from Coinbase to Coinbase Pro. Here are a few of the more commonly asked ones.
Should I move my crypto from Coinbase to Coinbase Pro?
It depends on your goals. For example, if you’re simply looking to buy and hold crypto, then it might not be worth the effort to move everything over. However, if you plan on being an active trader, then Coinbase Pro is probably a better option for you because of the lower fees.
Is Coinbase and Coinbase Pro the same account?
No. Coinbase and Coinbase Pro are two completely separate accounts. You will need to create a new account on Coinbase Pro and then transfer your crypto over from Coinbase. They are, however, connected, so you don’t have to do as much work as you would with other exchanges.
Does Coinbase Pro have fees?
Yes, Coinbase Pro does have fees, but they’re much lower than the fees charged by Coinbase. In fact, users of Coinbase Pro receive discounts based on the number of trades they perform on Coinbase Pro every month. Fees start at just 0.50% and fall from there.
Is Coinbase Pro safe?
Coinbase Pro is just as safe as Coinbase. In fact, Coinbase Pro is a subsidiary of Coinbase, so you can rest assured that your funds are just as safe on Coinbase Pro as they are on Coinbase.
Who Should Use Coinbase or Coinbase Pro?
If you’re a beginning investor who is looking to buy crypto and hold it for the long term, then Coinbase is probably the better option for you. However, if you’re an advanced investor who wants more control over their transactions and lower fees, then Coinbase Pro is the way to go.
How Do Coinbase and Coinbase Pro Work?
Coinbase and Coinbase Pro are both digital currency exchanges that allow you to buy, sell, and trade cryptocurrencies. Coinbase is more geared towards beginners, while Coinbase Pro is better for advanced investors. Both platforms allow you to connect your bank account, credit card, or debit card to make purchases.
Final Thoughts
Coinbase Pro is a more advanced platform with better tools, lower fees, and more control for users. If you’re looking to take your trading to the next level, consider transferring your assets from Coinbase to Coinbase Pro. You’ll be able to take advantage of all of the advanced features it has to offer, like API integrations and intuitive charting, to make your trading life easier.
Simply start by transferring your assets from Coinbase to Coinbase Pro using the easy steps outlined above, and you’ll be able to hit the ground running in no time!
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