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Coinbase Day Traders - Are the fees too high on Coinbase Pro?

Another outstanding feature of Coinbase Pro is that it has comparatively low trading fees and at the same time, charges zero fees for cryptocurrency withdrawals or deposits. This feature in particular singles it out as a favored pro cryptocurrency trading platform. However, it does not permit margin trading at this time, which may be a drawback for more advanced cryptocurrency traders.

Fees

By adopting a dynamic fee structure, Coinbase Pro makes it possible for you to trade with near-zero fees, once you know your way around. You're allowed to place an order as a market order, a limit order, or a stop order. Coinbase Pro charges no fee at higher volume tiers when you place an open order on the books when buying or selling, and this applies to all supported cryptocurrencies.

Although Coinbase Pro is a great exchange for institutions which can execute high volume trades, recent fee increases have severely hurt retail investors. Executing less than $10,000 in monthly trading volume places you in the first tier that has a maker and taker fee of 0.5%. This is one of the highest fees in the industry.

Supported Cryptocurrencies

For the fiat markets (USD, GBP, EUR), Coinbase Pro supports the following cryptocurrencies: Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ethereum Classic, Stellar Lumens, Ripple, EOS, ZCash, Basic Attention Token, REP and 0x.

You can construct a diverse portfolio with all of these assets by reading our guide about how to create your first cryptocurrency index fund on Coinbase Pro here.

On the stablecoin markets, cryptocurrencies like BTC, ETH, ZEC, BAT, DAI, GNT, MANA, LOOM, CVC, DNT can be traded against the dollar-pegged stablecoin USDC.

All Coinbase Pro users can view the order book and check information related to any trading pair, but they can only trade the pairs permitted in accordance with the local regulators in their geographical area. The availability of different trading pairs is entirely ...

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