Contents
Looking to convert your cryptocurrency on Coinbase Pro? Here’s a step-by-step guide on how to do it.
Checkout this video:
Introduction
Converting crypto on Coinbase Pro is a simple process. You can convert between two crypto assets, or from fiat to crypto. To convert crypto to fiat, you will need to first sell your crypto on the platform, and then withdraw the fiat equivalent amount from your Coinbase Pro account.
Here’s a step-by-step guide on how to convert crypto on Coinbase Pro:
1) Go to the “Convert” tab on the top menu bar.
2) In the “Quote Currency” dropdown menu, select the currency you want to sell. In this example, we will select BTC.
3) In the “Base Currency” dropdown menu, select the currency you want to buy. In this example, we will select ETH.
4) Enter the amount of BTC you want to sell in the “Amount” field. You can also click the 25%, 50%, 75%, or 100% buttons to automatically fill in a certain percentage of your total BTC balance.
5) Click “Preview Convert”. A pop-up window will appear showing you the details of your conversion, including the fees charged. If you are happy with everything, click “Convert Now”.
6) Once your conversion is complete, you will see it reflected in your account history under the “Transfers” tab.
What is Coinbase Pro?
Coinbase Pro is a cryptocurrency trading platform that allows you to trade digital assets such as Bitcoin, Ethereum, Litecoin, and more on a secure, insurance backed platform. Coinbase Pro is a Coinbase product and provides an intuitive and easy to use interface for advanced trading.
How to convert cryptocurrency on Coinbase Pro
If you’re looking to convert your cryptocurrency on Coinbase Pro, there are a few things you’ll need to know. In this article, we’ll walk you through the process of converting crypto on Coinbase Pro step-by-step.
Before you begin, please note that you will need the following:
-A Coinbase Pro account
-The amount of cryptocurrency you wish to convert
-The wallet address of the receiving party (if applicable)
Now that you have everything you need, let’s get started.
1. Navigate to the “Convert” page on Coinbase Pro.
2. Enter the amount of cryptocurrency you wish to convert in the “From” field. Be sure to select the correct currency from the drop-down menu.
3. Enter the wallet address of the receiving party in the “To” field (if applicable). Again, be sure to select the correct currency from the drop-down menu.
4. Enter your desired “Destination Tag” (if applicable). This is an identifier that allows us to route your funds to the correct wallet address. If you’re unsure what this is, please contact the receiving party for more information.
5. Click “Continue.”
6. Review and confirm your transaction details, then click “Convert Now.”
Fees
Coinbase Pro is a US-based exchange which offers low fees and advanced trading features. Unlike Coinbase.com, which is designed for beginners, Coinbase Pro is aimed at more experienced traders. One of the key features of Coinbase Pro is that it allows users to trade directly with each other, rather than through an intermediary. This means that fees are much lower than on other exchanges, and users can trade a range of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Ripple (XRP).
Coinbase Pro charges a flat fee of 0.1% for all trades, with no fees charged on maker trades. For taker trades, the fee is 0.3%. These fees are much lower than on most other exchanges, making Coinbase Pro an attractive option for traders looking to minimize costs.
Another key feature of Coinbase Pro is that it offers a much higher level of security than many other exchanges. All coins stored on the exchange are fully insured, and users’ funds are held in segregated bank accounts. In addition, Coinbase Pro uses industry-leading security practices, including 2-factor authentication and cold storage for all funds not being traded.
Conclusion
All in all, Coinbase Pro is a great platform for those looking to invest in crypto. The platform is simple to use and has a variety of features that make it stand out from other exchanges. In particular, the ability to convert between fiat and cryptocurrencies is a great feature for those looking to invest in the long term.
