INSUBCONTINENT EXCLUSIVE:
Cryptocurrency exchange company Coinbase is launching a mobile app for its advanced users today
You can now download the Coinbase Pro mobile app on iOS — the Android version is coming soon.Coinbase Pro is the company’s exchange that
lets you set up advanced order types, such as limit orders
Those are fairly standard features for a cryptocurrency exchange
But Coinbase set up a separate “pro” platform so that the main Coinbase.com exchange remains as simple and straightforward as
possible.And now, you can also use Coinbase Pro on your phone
I’ve been playing around with the app, and it features everything you’d expect
On the first tab, you can see a list of trading pairs.If you tap on a pair, you can see real-time candles, the order book, your active
orders as well as trade history for this specific pair
You can also set up an order to buy and sell cryptocurrencies from each trading pair page.On the second tab, you can see your portfolio of
crypto assets and its value in fiat currencies
You can deposit or withdraw cryptocurrencies from the mobile app
Unfortunately, if you want to deposit or withdraw fiat currencies (USD, EUR, GBP, etc.), the app tells you to head over to the
website.Finally, you can see your past and active orders, check your fees and limits.Coinbase increased some of its trading fees on Coinbase
Pro for low-volume accounts just last week
It is now more expensive to trade on Coinbase Pro if you trade less than the equivalent of $50,000 over 30 days
And if you trade less than $10,000 over 30 days, it now costs 0.50% in maker and taker fees.Kraken charges 0.26% in taker fees if you trade
less $50,000 in the past 30 days
Binance charges 0.1% in trading fees
With those new trading fees, it feels like Coinbase is indeed targeting pro users with Coinbase Pro.Disclosure: I own small amounts of
various cryptocurrencies.
