Coinbase and Coinbase Pro are two popular digital currency exchanges that allow users to buy, sell and store digital currencies like Bitcoin, Ethereum, Litecoin, and more. Coinbase is the beginner-friendly platform for those new to buying and selling digital currencies, while Coinbase Pro is the platform for experienced traders. If you’re looking to convert Coinbase to Coinbase Pro, here’s what you need to know.
Creating a Coinbase Pro Account
First, you’ll need to create a Coinbase Pro account. This is a simple process and all you need to do is go to the Coinbase Pro website and sign up. You’ll need to provide your name, email address, and create a password. Once your account is created, you’ll need to verify it by providing personal information and proof of identity. This is an important step in the process as it helps to ensure the security of your account.
Linking Your Coinbase Account
Once your Coinbase Pro account is created, you’ll need to link it to your Coinbase account. This is done through the “Linked Accounts” section of your Coinbase Pro account. Simply enter your Coinbase account information, including the email address and password associated with the account, and your accounts will be linked.
Transferring Funds from Coinbase to Coinbase Pro
Once your Coinbase Pro account is linked to your Coinbase account, you’ll be able to transfer funds from one account to the other. On the Coinbase Pro homepage, click “Deposit” in the upper right corner. Then, select “Coinbase Account” from the drop-down menu and enter the amount you wish to transfer. Your funds should arrive within a few seconds.
Trading on Coinbase Pro
Once your funds have been transferred to your Coinbase Pro account, you’ll be able to begin trading. To do this, click the “Trade” tab on the Coinbase Pro homepage. Here, you can view a list of available currencies and place orders. You can also view your order history and account balance, and make changes to your trading settings.
Withdrawing Funds from Coinbase Pro
At any time, you can withdraw funds from your Coinbase Pro account back to your Coinbase account. To do this, click the “Withdraw” tab on the Coinbase Pro homepage. Then, select “Coinbase Account” from the drop-down menu and enter the amount you wish to withdraw. Your funds should arrive within a few seconds.
Conclusion
Converting from Coinbase to Coinbase Pro is a simple process that takes only a few minutes. By creating a Coinbase Pro account, linking it to your Coinbase account, transferring funds, trading, and withdrawing funds, you can easily convert your Coinbase account to Coinbase Pro. With a Coinbase Pro account, you can access more features and take advantage of advanced trading tools and low fees.