Why Coinbase Advanced is an Ideal Partner for Experienced Traders

Sophisticated, yet simple, Coinbase Advanced is one of the most reliable crypto trading platforms dedicated to experienced traders. It will soon replace Coinbase Pro – with the same low volume-based fees and no subscription fees.

Key features that underscore the competitive edge of the platform are its high-end charting capabilities powered by TradingView, real-time order books, deep liquidity across 552 markets, and robust security measures.

Here is an analysis of Coinbase Advanced and how it is designed to be an ideal trading and decision-making partner for seasoned traders.

Everything You Need to Stay Ahead

Coinbase Advanced features powerful tools built for the advanced trader. It has everything a trader needs to be in the top 1% of the game.

To begin with, it features technical analysis of digital assets with advanced charts from TradingView. The technical indicators and custom watch lists integrated into the platform allow traders to get ahead of the game through research-backed and timely decision-making.

Here are a few highlights of Coinbase Advanced.

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  • Real-time market data and order books with high throughput APIs.
  • Enter and exit trades in a flash with real-time order books and deep liquidity across 552 markets.
  • Exposure to risk in volatile markets reduced with limit orders and stop-limit orders.
  • Transparent, volume-based fee structure with as low as 0.0% maker fees
  • The platform also allows users to earn rewards for USDC¹ or up to 10% APY² on eligible crypto balances such as staked ETH (ETH2) and more.

Powerful Trading Tools

Coinbase Advanced charts are powered by TradingView with drawing tools. It offers a wide range of indicators (104) like EMEA, MA, MACD, RSI, and Bollinger Brand to name just a few.

They track market trends and patterns to help traders hone their investment strategy and portfolio. A curated collection of indicators can give traders a better perspective of an asset’s buy and sell price.

The watch lists on Coinbase Advanced are customizable. It also offers automatic performance calculations with real-time market data (including APIs for REST/Websocket protocols). Users can place limits and stop orders with the platform.

Since Coinbase Advanced provides liquidity across 552 markets, the trade efficiency is excellent. It has the same liquidity as Pro.

The key order types on Coinbase Advancede include market order, limit order, stop-limit orders, and auction mode. The fee structure, as mentioned above, is competitive, being volume-based.

Highest Standards of Security

Coinbase is arguably one of the most secure centralized crypto exchanges in the world. It manages assets for over 100 million customers and has earned its position as the largest publicly traded crypto exchange.

The new product from the platform, Coinbase Advanced is no exception when it comes to safety with state-of-the-art encryption and security programs.

It is important to note that the assets are held 1:1 on Coinbase and are never lent without the user’s consent. The platform is backed by an array of advanced security procedures like 2FA, biometrics for mobile, and multi-approval withdrawals in Coinbase Vault to name a few.

Another interesting point to note is that the platform allows Address Whitelisting.

Fair and transparent fee structure

Coinbase Advanced has implemented a maker-taker fee model to determine advanced trading fees. It varies for Maker Orders and Taker Orders.

Calculation of the fees is based on the pricing tier that a user is in at the time the order is placed, and not based on the tier that the user would be in after the completion of a trade.

  • Starting at the 100k volume tier, the maker/taker fees are the same as major competitors (ie. Binance), at <=0.1% maker; <=0.2% taker at >$100k trade volume.
  • Stable Pairs are 0 bps for maker volumes, 0.1 bps for taker volumes for all volume tier.

The fee tier is recalculated hourly based on their total trading volume.

The creative approach allows Coinbase Advanced to charge fees dynamically to the trading behavior of users, while providing flexibility and reflecting a user’s trading activity accurately.

Visit the advanced trade fees page to learn about the comprehensive fee structure. 

And More

Here are more features that help the platform stand out:

  • Flexible and easy funding options w/ USD + USDC via unified order books.
  • US traders can trade USDC with 237 existing USD pairs via one balance.
  • Traders outside of the US can trade 237 USDC pairs to access deep liquidity USD markets.
  • Earn up to 10% on staking for eligible assets.
  • Automatic 5% USDC rewards on USDC that an investor is holding or using for partial or unfilled orders.

Coinbase Pro vs Advanced Trade

Coinbase Pro Advanced Trade
Fees ≤ 0.4% maker, ≤ 0.6% taker

see breakdown

≤ 0.4% maker, ≤ 0.6% taker

see breakdown

Note:  <=0.1% maker; <=0.2% taker at >$100k trade volume.

DeFi Rewards Not supported Earn 5%  rewards for USDC¹ or up to 10% APY² on eligible crypto balances such as staked ETH (ETH2) and more
Asset availability 350+ market pairs, see full list 550+ market pairs, with the same liquidity as Pro
Order types Market, Limit, Stop Limit Market, Limit, Stop Limit, Auction Mode
Charts Basic charts with EMA12 and EMA26 indicators Charts powered by TradingView with EMA, MA, MACD, RSI, Bollinger Bands, and drawing tools
Security 2FA, biometrics for mobile, Address Whitelisting, FDIC-insured USD balances up to $250k Enhanced security with 2FA, biometrics for mobile, FDIC-insured USD balances up to $250k, YubiKey for mobile, Coinbase Vault, Address Whitelisting (aka Allowlist)
Mobile App Yes Yes 
Trading API Yes Yes 

LEGAL DESCLAIMER

Coinbase offers simple and advanced trading. Coinbase Advanced  is for experienced traders and is subject to the Trading Rules. Fees on the two experiences vary. Content is for informational purposes and not investment advice. Investing in crypto comes with risk.

¹Upon purchase of USDC, you will be automatically opted in to rewards. If you’d like to opt out or learn more about rewards, you can click here. The rewards rate is subject to change and may vary by region. Please check the latest list of eligible regions here. Customers will be able to see the latest applicable rates directly within their accounts.

²The rewards rate is based on the estimated protocol rate, which is subject to change. Customers will be able to see the latest applicable rates directly within their accounts. Enrollment in staking is available only in eligible jurisdictions and for eligible networks. You can request to unstake anytime, but you will not be able to sell or send your staked assets until the unstaking process is complete. This could take from a few minutes to several weeks, depending on the asset. For more information, see the help center.

 

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Alan Draper

Alan is the Editor-in-Chief of Techopedia and is responsible for ensuring all the content is accurate, up to date, and relevant. Alan has previously worked in writing and editorial capacities for several leading websites, such as Business2Community and TechReport.