How To Transfer From Coinbase To Coinbase Pro?
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How to Transfer from Coinbase to Coinbase Pro?
The modern market offers a wide variety of platforms that you can use to trade any kind of cryptocurrency, and Coinbase is one of them. It is extremely easy to purchase digital assets with the help of this online service because there will be no stress. At the same time, if you are trading coins, it implies that you need to trade from one crypto asset to another. This action should result in an increase in the cryptocurrency`s value. That is when the question “How to transfer from Coinbase to Coinbase Pro?” appears.
The thing is the best option you can go for to exchange digital assets is the crypto trading website that belongs to Coinbase. Currently, it is known as Coinbase Pro, but it was called GDAX initially. The significant advantage of utilizing the platform over its alternatives is that there are no fees to pay. It implies that no money will be lost when you shift funds from your Coinbase account to Coinbase Pro. However, there will be fees if you decide to transfer money from Coinbase to any other online service.
So, let`s figure out what the answer to the main question is.
Why Should You Use Coinbase Pro?
GDAX is famous for more accurate pricing and lower transaction fees. Users are also allowed to create unique portfolios. Undoubtedly, the online service has a lot of benefits, but it is important to remember that it may not be suitable for everyone. The thing is that if you are a novice investor, the interface may seem to be complicated to you. It means that it might be a hard experience for you to transfer coins from Coinbase to Coinbase Pro. At the same time, traders love it due to its technical features.
Steps to Transfer from Coinbase to Coinbase Pro
So, how to send a cryptocurrency from Coinbase to Coinbase Pro? Just follow the below steps:
- Open the trading page of Coinbase Pro.
- Navigate to the Wallet Balance option and choose Deposit in the pop-up window.
- The next step is to specify the cryptocurrency type that you are willing to add money to Pro from Coinbase.
- Click on the Coinbase Account option.
- Specify the amount that you would like to transfer.
- Choose the Deposit option.
If You Need Transfer from Coinbase Pro (GDAX) to Coinbase
Some people want to shift their funds the other way, which means that they need to know how to transfer from GDAX to Coinbase. For this purpose, it is necessary to perform the below actions:
- You need to open the trading page.
- Choose the Withdraw option in the Wallet Balance pop-up menu.
- Choose the kind of digital asset you are going to cash out.
- Click on the Coinbase Account and provide the amount that is to be cashed out.
- Confirm the action with the Withdraw button.
When doing that, you should keep in mind that there is a cashout limit when it comes to this type of transfer. If you want it to be increased, then you need to send a request on the limits page.
My Coinbase Funds On Hold: Why and What to Do?
If your Coinbase funds are on hold, it implies that it is not possible to transfer them because they are subject to a cashout hold. Even though you are free to utilize this money to purchase or sell on the platform, other operations are restricted until the hold period is over.
George Brown is a main editor in Bitgraph Network Team.