Coinbase Advanced Trading Platform Guide: All You Need to Know

As cryptocurrencies proceed to develop in recognition amongst retail and institutional buyers, crypto exchanges are competing to offer essentially the most strong and seamless buying and selling experiences. Coinbase, one of many largest cryptocurrency exchanges globally, just lately launched Coinbase Superior Commerce, changing its earlier superior buying and selling platform Coinbase Professional.

Coinbase Advanced Trade gives a devoted area tailor-made particularly for superior crypto merchants. The objective is to consolidate all of Coinbase’s companies into one streamlined and intuitive platform to fulfill merchants’ wants. This eliminates the issues merchants beforehand confronted in having to switch between Coinbase’s numerous merchandise.

A key focus in creating Superior Commerce was addressing dealer suggestions to offer quicker entry to the options and market info wanted to execute buying and selling methods. As such, Coinbase has added complete charting via a partnership with TradingView, elevated asset availability to over 500 buying and selling pairs, and launched perks like rewards packages.

With Coinbase Professional having been retired as of November 2023, current customers may have their balances and commerce historical past robotically ported over to Superior Commerce. The transition goals to be easy, permitting merchants to choose up proper the place they left off. Each new and current merchants may even proceed having fun with Coinbase’s industry-leading safety protections.

This information will stroll via all that Superior Commerce has to supply in comparison with Coinbase Professional, detailing the improved charts, expanded asset availability, rewards incentives, cell app capabilities, and extra.

We’ll additionally define the right way to get began on the brand new platform as each a current Coinbase Professional person in addition to a brand new Coinbase dealer. By the tip, you’ll have all the data wanted to make the most of every part Coinbase Superior Commerce gives for a superior and seamless superior buying and selling expertise.

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KeyPoints

• It replaces Coinbase Professional to offer an enhanced buying and selling expertise with extra instruments and options in a single platform.
• Provides superior TradingView charts with 104 indicators, extra superior order varieties, and skill to earn as much as 6% rewards on belongings like USDC.
• Supplies the identical low buying and selling charges primarily based on 30-day quantity as Coinbase Professional.
• Provides entry to over 550 buying and selling pairs with the identical liquidity as Coinbase Professional.
• Seamless switch of funds from Coinbase Professional; Coinbase robotically credit customers’ funds.

Key Options

Coinbase Superior Commerce gives a number of upgrades over the earlier Coinbase Professional platform to unlock a extra highly effective but user-friendly superior buying and selling expertise. Among the key options merchants can now profit from embrace:

Superior TradingView Charts

One main enchancment is the addition of fully-customizable TradingView charts. Merchants get entry to over 100 totally different indicators like transferring averages, relative power index (RSI), transferring common convergence divergence (MACD), Bollinger bands, and extra. These might help higher determine traits, spot potential reversals, choose entry and exit factors, and finally make higher buying and selling selections. The platform helps superior chart varieties and detailed candlestick charts as properly.

Extra Order Flexibility

Along with market and restrict orders, Coinbase Superior Commerce helps cease restrict orders. These enable merchants to assist handle their danger publicity by robotically promoting or shopping for as soon as an asset hits a predefined threshold worth. The order administration dashboard additionally makes it simpler for merchants to trace their open positions.

Rewards As much as 6% APY

Not like Coinbase Professional, Superior Commerce allows customers to earn rewards on belongings held on the platform. For instance, merchants can earn as much as 6% rewards on USD Coin (USDC) balances. This unlocks free crypto rewards that merchants can periodically withdraw or use to re-invest again into their buying and selling methods.

Easy Cellular App Integration

The total suite of Superior Commerce instruments and options are seamlessly accessible on Coinbase’s cell apps. This consists of the TradingView charts, order varieties, rewards packages, asset availability, buying and selling pairs, and extra. Customers now not want to change between Professional and common Coinbase apps.

Getting Began

Getting began with Coinbase Superior Commerce is straightforward, particularly for these migrating over from Coinbase Professional.

For Current Coinbase Professional Customers

The switch of belongings and buying and selling historical past out of your Coinbase Professional account occurs robotically. The method started in November 2022 and funds are credited in your common Coinbase portfolio.

To entry Superior Commerce, merely replace your Coinbase cell app or entry it on the net at advanced.coinbase.com. Then navigate to the “Commerce” tab and choose “Advance Commerce” to enter the devoted superior buying and selling dashboard.

From right here, you’ll be able to view all of your transferred balances beneath “Portfolios” and choose up proper the place you left off in Coinbase Professional with instruments tailor-made for severe merchants.

For New Coinbase Customers

These new to Coinbase first have to arrange an account, which takes only a few minutes. Observe these steps:

1. On coinbase.com or the Coinbase cell app, click on Signal Up.
2. Enter your identify, e mail, password and placement to create an account.
3. Confirm your e mail handle.
4. Enter your cellphone quantity to obtain an SMS code, then enter it to confirm.
5. Present private particulars for identification verification.
6. Add a legitimate authorities ID doc.
7. Allow two-factor authentication for safety.
8. Hyperlink a checking account or card as a cost technique.

As soon as your account is open, you’ll be able to toggle to Superior Commerce out of your person profile on internet and cell to make the most of all of its wealthy capabilities catered for energetic crypto merchants defined on this information.

The Superior Buying and selling Interface

When you entry the Superior Commerce Dashboard, yow will discover instruments and options that can assist you take higher management of your digital belongings, together with:

• Value chart
  The value chart right here offers you a quick and simple strategy to view historic pricing. With the chart, you’ll be able to customise your worth chart show by time vary and chart sort, in addition to use a collection of indicators to offer extra perception into pricing traits.
• Time Vary
  It’s to test the pricing historical past and buying and selling quantity of an asset over a particular interval.
• Order Guide
  An order e-book is an inventory of purchase orders (bids) and promote orders (asks) for an asset. Have a look at order books, you’ll be able to see the value consumers and sellers are keen to pay, in addition to what number of discrete items they search to purchase or promote at every worth.  On Coinbase, order books are separated vertically, with asks in crimson on the highest and bids in inexperienced on the underside.
• Depth Chart
  The depth chart presents the order e-book. The x-axis exhibits worth factors, growing from left to proper. The y-axis exhibits the entire quantity of obtainable belongings to purchase or promote, growing from backside to prime. Just like the order e-book, the depth chart has a purchase facet and a promote facet. The inexperienced bid line exhibits the entire worth of the bids, or purchase orders whereas the crimson ask line exhibits the entire worth of the asks, or promote orders. Within the center, you’ll be able to see the present mid-market worth, together with the hole between the very best bid and lowest ask.
• Chart Sorts
  The candlestick chart exhibits the excessive, low, open, and shutting costs of an asset for a particular timeframe. In that, O (open) is the opening worth of the asset initially of the required interval, H (excessive) is the very best buying and selling worth of the asset in that interval, L (low) is the bottom buying and selling worth of the asset in that interval, and C (shut) is the closing worth of the asset on the finish of the precise interval. In the meantime, the road chart captures an asset’s historic worth by connecting a collection of knowledge factors with a steady line.

Charting Instruments

As mentioned, Charts on Coinbase Superior are powered by TradingView with EMA, MA, MACD, RSI, Bollinger Model, and drawing instruments.

Technical indicators

TradingView brings customers 104 market indicators, which monitor market traits and patterns to assist inform your buying and selling selections. It lets you choose a number of indicators to provide you a greater perspective of an asset’s purchase and promote worth. Beneath are a few of the commonest:

• RSI (relative power index) exhibits a pattern’s period and offers you a spot when it’s going to reverse.
• EMA (exponential transferring common) measures the common worth factors of an asset.
• SMA (clean transferring common) measures the common worth factors of an asset over an extended interval.
• MACD (transferring common convergence/divergence) measures the very best and lowest common worth factors.

Watchlists

The platform gives a customizable watchlist serving to customers simpler and sooner catching the pattern of the sport.

Order Sorts

Coinbase Superior permits merchants to handle dangers in risky markets with maker orders, restrict orders, and stop-limit orders.

Maker orders are purchase or promote orders that execute instantly at the most effective accessible market costs, that means you should buy or promote at the most effective accessible market worth. Market orders are helpful in case costs are altering quick and also you wish to enter or exit your place as quickly as attainable.

Restrict orders mean you can manually choose the utmost worth in your purchase order and minimal worth in your promote order, that means it’s going to execute provided that that worth is hit. It is usually a great way to commerce giant quantities as a result of it ensures you’re solely paying your most popular worth.

In the meantime, Cease-limit orders mean you can robotically place a restrict order to purchase or promote when an asset’s worth reaches a specified worth, referred to as the cease worth. As so, it will probably defend your earnings in addition to restrict losses.

What’s totally different from Coinbase Professional is the Superior Commerce added Public sale mode.

Liquidity and Market Availability

Coinbase Superior gives 552 market pairs, with the identical liquidity as Professional to assist your trades extra effectively.

Buying and selling through API

Assist real-time market information together with APIs for REST/WebSocket protocols.

The way to Commerce

Now that your Coinbase Superior Commerce account is about up, let’s stroll via executing a pattern commerce from begin to end to focus on the important thing options in motion.

Accessing Your Buying and selling Dashboard

First, guarantee you’re logged into your Coinbase account on the web site or cell app, and toggle your profile setting to enter Superior Commerce. This brings you into the devoted superior buying and selling dashboard.

On the left sidebar, you will note the important thing elements:

• Portfolios View holdings, balances, transfers
• Spot Buying and selling Dashboard to commerce, view charts
• Orders & Fills For managing open or previous orders
• Borrow Place collateral, borrow belongings
• Earn Rewards Stake belongings to earn rewards

Putting Your Order

1. Go to Spot Buying and selling and use the search bar to pick out BTC-ETH as your buying and selling pair.
2. The Value Chart shows by default whenever you select a buying and selling pair. You’ll be able to customise timeframes and chart varieties, in addition to add indicators.
3. Verify the depth and order dimension relative to market circumstances utilizing the Depth Chart (order e-book visualization) beneath the Value Chart.
4. When prepared, go to the Order Kind panel to position your commerce order. Right here you choose:

• Order sort (restrict, market, cease restrict)
• Facet (purchase/promote)
• Dimension (amount of BTC)
• Value

We’ll do a restrict order to purchase 0.5 ETH at a restrict worth of 0.033 BTC.

1. Double test order particulars and ensure. The Open Orders panel will show your pending order.

Monitoring and Closing Out Trades

Go to Orders & Fills to trace open orders standing. As soon as stuffed, they develop into full fills. Right here you can too entry full historic order exercise.

When prepared to shut a place, navigate again to the BTC-ETH buying and selling pair and place a brand new order reverse your authentic commerce.

For instance, in the event you purchased ETH with BTC initially, you’d now choose promote for ETH. Decide the best dimension to totally or partially shut the place.

Use the intuitive Superior Commerce dashboard to execute and handle your crypto trades! Make the most of detailed charts, dynamic order varieties, rewards packages, and extra – all from one unified Coinbase platform.

Prices and Rewards

Payment Construction

Superior Commerce additionally gives aggressive charges. Beginning on the 100k quantity tier, charges are at <=0.1% maker; <=0.2% taker at >$100k commerce quantity. Zero maker charges for 15 secure pairs. Secure Pairs are 0 bps for maker volumes and 0.1 bps for taker volumes for all quantity tiers.

Incomes Rewards on Belongings

Earn rewards for USDC or as much as 6% APY* on eligible crypto balances comparable to staked ETH (ETH2) and extra. Additionally, robotically earn USDC rewards on USDC that you’re holding or utilizing for partial/un-filled orders

Safety

Safety must be prime of thoughts for any cryptocurrency investor, and Coinbase prioritizes security throughout its platforms. By utilizing Coinbase Superior Commerce, merchants achieve entry to the alternate’s strong safety structure.

Among the key protections embrace:

• Chilly Storage: Coinbase shops the overwhelming majority of digital belongings in air-gapped chilly storage amenities. These addresses aren’t related to the web, minimizing publicity to hacking dangers.
• 2-Issue Authentication (2FA): Customers ought to allow 2FA via Authy or {hardware} safety keys to require an extra credential to login apart from only a password. This prevents unauthorized entry.
• Tackle Allowlisting: Whitelist particular pockets handle you personal so withdrawals outdoors these identified addresses are robotically rejected as an additional withdrawal verification safeguard.
• Machine Administration: Make the most of machine affirmation prompts when logging in from a brand new machine and get alerts about unrecognized logins for monitoring suspicious exercise.

Along with these measures, Coinbase maintains constancy bonds to cowl theft insurance coverage, has biometric login on cell, gives a safe Coinbase Vault to lock away funds, and gives strong API keys administration for automated merchants.

So merchants can really feel relaxed realizing Superior Commerce upholds the very best safety requirements merchants anticipate from Coinbase. Check out their full transparency report for extra particulars on their strong safety posture.

Conclusion

Coinbase Superior Commerce gives a significant step ahead for crypto merchants who beforehand relied on Coinbase Professional. The improved charts, order flexibility, rewards incentives, and seamless cell expertise unlock a way more strong and intuitive platform to execute buying and selling methods.

Key benefits that merchants achieve embrace:

• Customizable TradingView charts with over 100 indicators
• Cease restrict orders for danger administration
• As much as 6% APY rewards on belongings like USDC
• Entry to 550+ buying and selling pairs with deep liquidity
• Simple switch of balances from retired Coinbase Professional

Each current Coinbase Professional customers in addition to these new to Coinbase can get began on Superior Commerce shortly. The automated account transition mixed with streamlined onboarding makes adopting Superior Commerce a frictionless transfer.

As Coinbase continues enhancing the product, merchants can anticipate extra options like new chart overlays, order varieties, portfolio analytics, and extra. However even from day one, Superior Commerce delivers essentially the most highly effective crypto buying and selling expertise Coinbase has made accessible up to now.

So whether or not you’re a informal crypto dealer or an energetic day dealer, Coinbase Superior Commerce deserves a detailed look. Go to Coinbase right now to unlock charting, buying and selling instruments and safety to start out buying and selling crypto like a professional.

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Coinbase gives easy and superior buying and selling in eligible jurisdictions. Superior buying and selling is for knowledgeable merchants and is topic to the Buying and selling Guidelines. Charges on the 2 platforms differ. Content material is for informational functions and never funding recommendation. Investing in crypto comes with danger. Please fastidiously contemplate whether or not buying and selling or holding cryptocurrencies is appropriate for you given your monetary scenario.

*The APY you obtain is dependent upon the rewards acquired from the community, which may change over time. Coinbase takes a fee on all rewards acquired, and the APY for our prospects displays this fee. Prospects will be capable to see the most recent charge instantly inside their accounts.