Coinbase Pro Exchange Key Features

First and foremost, the main feature is the Coinbase Pro trading exchange interface itself, which we will cover later on. For now, let’s cover the Coinbase Pro App and go over some specific features.

Coinbase Pro Mobile App

All the major exchanges these days have a mobile application to trade or manage your crypto on the go. While I am a big fan of crypto apps to manage crypto, at the Coin Bureau, we generally do not recommend using a mobile app as a primary trading tool.

The reason for this is that any professional trader will tell you that trading is no joke and should be taken seriously. You’ll likely never meet a successful trader who routinely trades from their mobile phone while watching Netflix or waiting in line at the grocery store. Mobile apps just have too small of a screen to perform proper technical analysis, and serious traders often have multiple screens and multiple tabs on those screens, swapping frequently to access important data, not something easily done from a single mobile device.

All that aside, the Coinbase Pro mobile app is a fantastic app, it is well built, clean, and easy to use. Note that Coinbase has two different apps, Coinbase app is for using the simplified Coinbase platform while the Coinbase Pro App is for accessing the Coinbase Pro trading exchange.

The Coinbase Pro mobile app is great for monitoring your positions on the go and performing basic trading activities. The app has great reviews on Google, scoring a 4.3 out of 5, and 4.7 out of 5 on the IOS App store. With over 200,000 combined reviews across both devices, I think it is safe to say you won’t be disappointed with the app.

Multiple Trade Options

Coinbase Pro offers enhanced control and options for cryptocurrency traders with multiple trade options. Here are the types of trade options that are available, which are not offered in the standard Coinbase platform:

  • Market Order: This is an order that is placed at the market level and is executed almost immediately. It will be placed at the lowest “offer” if a buy or at the highest “bid” if a sell
  • Limit Order: This is an order that is placed at a level that is away from the current market level at a predetermined price. This could be above the market price if a sell or below the price if a buy.
  • Stop Order: These are essentially two opposing market orders that are placed at the same time. One will be to buy/sell and the other will be to stop out of the position. These are effective risk management tools that protect your position in the event of downside risk.