Coinbase Pro is a cryptocurrency exchange platform that offers advanced trading features for experienced traders. It is a professional version of Coinbase designed for users seeking more advanced trading capabilities. Some features of Coinbase Pro include:
- Advanced order types: Coinbase Pro offers options like market, limit, stop, and trailing stop orders.
- Lower fees: Trading on Coinbase Pro typically incurs lower fees compared to Coinbase.
- Robust trading tools: The platform provides charts, order books, trade history, and other useful tools for analysis.
- Improved liquidity: Coinbase Pro offers better liquidity, allowing for faster and larger trades.
To sign up and log in to Coinbase Pro, follow these steps:
- Visit the Coinbase Pro website (https://pro.coinbase.com) and click on the "Get started" button.
- Enter your details, including your name, email address, password, and agree to the terms of service.
- Complete the registration process by verifying your email address.
- Once registered, visit the Coinbase Pro login page and enter your email and password to log in.
Here's a general overview of the account opening and identity verification process on Coinbase Pro:
- Sign up for a Coinbase Pro account following the steps mentioned in answer 2.
- Complete your profile details, including your legal name, date of birth, address, and preferred currency.
- Verify your identity by providing a valid government-issued ID such as a passport or driver's license.
- Upload the required documents and wait for Coinbase Pro to review and approve your verification.
- Once your identity is verified, you will be able to access the full features of Coinbase Pro.
To set up two-factor authentication (2FA) on Coinbase Pro to enhance your account security:
- Log in to your Coinbase Pro account and go to the "Settings" section.
- Click on the "Security" tab and navigate to the "Two-Factor Authentication" section.
- Follow the instructions to enable 2FA using either an authenticator app (like Google Authenticator) or a security key.
- Once enabled, you will need to enter a verification code from your chosen method during each login to Coinbase Pro.
Coinbase Pro implements several security measures to keep your account safe, including:
- Secure Storage: The majority of customer funds are stored in offline, air-gapped cold storage systems.
- Two-Factor Authentication: Enabling 2FA adds an extra layer of security to your account.
- Whitelisting: You can restrict withdrawals to only a specific list of addresses to prevent unauthorized fund transfers.
- Insurance: Coinbase holds insurance coverage to protect digital currency stored on its platform.
- Monitoring and Risk Assessment: Coinbase Pro actively monitors transactions for suspicious activity.
- Account Protection: Coinbase Pro offers features like password recovery and the ability to close sessions remotely.
Remember to always maintain good personal security practices, such as using a strong and unique password, regularly updating your software, and being cautious of phishing attempts or suspicious links.