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Coinbase PRO Tutorial - How to use Coinbase PRO trading/exchange platform - YouTube
Channel: C膬t膬lin Oanc膬
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this is a step-by-step tutorial for
Coinbase Pro where I go through all the
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functionality this crypto Exchange has to
offer so if you're a beginner you should
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definitely watch this video before we get started with the Coinbase Pro
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tutorial i want to announce the first
winner of my bitcoin giveaway so if you
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didn't know for a video I upload this
month I give away ten dollars worth of
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Bitcoin if you like and comment the
video so if you want to have the chance
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for this video please be sure to like
and leave a comment
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otherwise let's see the the winner for
the previous video so this is the video
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that I'm going to award the winner for
is the video how to buy Bitcoin using
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a limit order on Coinbase Pro and you
see I have it loaded here there are 29
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unique comments drumroll please
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the winner is Gabriel Andersen
Congrats Gabriel I see you already left your
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Bitcoin address there so I'm going to
send you $10 worth of Bitcoin and now
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let's go back to our Coinbase Pro
tutorial
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Coinbase Pro is a popular crypto
exchange even though beginners might not
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know they can pay less fees with
coinbase when they use the platform
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because the two accounts are connected
I'm going to login if you already have
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an account with coinbase you should be
able to login into this webpage with the
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same account so if you don't have an
Coinbase account yet check the link
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in the description when you sign up with
that link we both receive $10 worth of
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Bitcoin so once you log in this is what
you'll see it might be intimidating at
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first but I'm going through all of them
and I'm going to explain this interface
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to you it's an interface that traders
use but it's a very simplified one so
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it's a good place to start and learn
about trading if you want to but even
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for beginners that just want to buy
Bitcoin or other cryptocurrencies at
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good prices you can totally use this use
this interface so let's just start from
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the left if I click here on select
market I can see all the crypto currency
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pairs that I can trade. With Coinbase Pro
it's very nice that we can trade with
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fiat money as well fiat money is the
dollars the euros the pounds that we are
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using in our day-to-day lives in my
account I only have EURO available but
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depending where you live or where you
open your account you might have a USD
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or pounds as well
There are not many pairs here on Coinbase Pro there
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are other exchanges that allow you to
trade more pairs but will have to do
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with what's listed here you can see here
all the pairs available for euro or
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your USD. USDC it's a stable coin
and its value it's fixed to one dollar
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then we have a Bitcoin.Bitcoin has a
lot of pairs to trade here.DAI it's
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only paired with Ethereum and Ethereum
which only has two pairs so most of the
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trades are done with Bitcoin and USDC
and for this example we'll pick
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Bitcoin EURO next to it we can see the
current price of Bitcoin how much it
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changed in the past 24 hours and what's
the volume traded for this pair in the
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past 24 hours on the left-hand side we
have our current balance in Euro and in
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Bitcoin and then two buttons to deposit
and withdraw if we click on deposit then
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this window will pop up and we can
choose what type of asset we want to
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deposit let's say I want to deposit
EURO depending where you live you might
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have different options here in Europe I
have SEPA transfer and from
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Coinbase.com .One great thing about
Coinbase Pro is that you can easily
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switch funds from your Coinbase.com
account and Coinbase Pro account
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for free and instantly so if you
already have funds in coinbase you
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can easily transfer them to Coinbase Pro and start trading if you do a bank
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transfer it will tell you about the
limits about the processing times and
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the fees that are associated with it
and regarding fees you can go and see
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them here and I'll also leave the link in the
description so these are the deposits
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and withdrawal fees if I click continue
here it will give me the bank details
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that I need to send the funds to from my
bank account to this to these bank
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details the most important part here is
to include this where is it this
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reference number that will associate the
transfer to your account so include this
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reference number in your transaction
going back if I click on coinbase.com
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you can see that I have some funds in my
coinbase.com account and I'll
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just click on max to insert the full
amount
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and then there is no limit to do that
and the processing time it's instant and
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then I'll just click deposit and my deposit is
complete you can see my ten euros here
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available for me to trade right now if
you want to move some Bitcoin to this
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platform and click on deposit select
Bitcoin and then you can choose from the
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coinbase.com account if you have
already some Bitcoin in your coinbase
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account or from a different wallet this
is your Bitcoin address and you'll be
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able to send from your wallet to coinbase pro in order to trade you need to
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deposit the funds first and then when
you want to withdraw if we click on
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withdrawal and follow the same process
I click on Bitcoin I can withdraw to a
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crypto address to my external wallet and
one great thing about the coinbase Pro
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account is that all the
withdrawals are free so you can have ten
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dollars worth of Bitcoin and you can
withdraw that for free to your wallet and
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this is great because most other
exchanges they will take a fee which is
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around three to five dollars so if you
want to buy just $10 sort of Bitcoin
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like the free Bitcoin you receive when
you sign up with my affiliate link then
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you'll have to pay three to four dollars
in order to withdraw that that amount
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but with coinbase pro you don't pay any
withdrawal fee that's why you can easily
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buy smaller amounts of cryptocurrency
and we draw them to your wallet where
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the safest is the same if you want to
draw your own you can choose to withdraw
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to your corn-based account it's possible
that in coinbase i can have better
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withdrawal options for your fiat money
for your USD or euro so you better check
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that first otherwise we'll frequency
power transfer or what kind of transfer
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bank account transfer you can do from
from here and you receive the fees
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associated with it in my case is 0.15
euro so that's that's totally acceptable
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and it will take one to three days to
withdraw money into my bank account
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that's all about the posting and
withdraw let's say we want to buy some
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some Bitcoin and we have a few options
to do that we can either buy at market
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price or limit and stop options which I
will discuss in a minute buying at
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market price it means it will buy at the
current price which is the one listed
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right here and that it will trigger
instantly
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I've been here that I want to buy for 10
euros and when I place a buy order this
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order will trigger instantly and you can
also see the fee right here the fee that
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I'm going to pay for this transaction
which is listed here
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so for under $10,000 the taker and maker
fee is the same it's at 0.5 percent 0.05
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euro is 0.5% from my 10 euros that I
want to buy when you buy at market price
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you are a taker you are taking from the
market but whenever you set a limit or a
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stop limit order you are a maker you set
your own prices so then you have lower
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fees associated with that in the case of
coinbase Pro unless you trade more than
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$5,000 this fee will be the same for
taker and maker so it won't make any
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difference you click buy at market or
limit price but with other exchanges
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this difference might be much more
significant however even the 0.5% field
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that's much lower than the coin base
purchase so if you want to buy from
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coinbase is better if you use the coin
base pro platform it will take from you
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much less money for every transaction
for the limit transaction you set your
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own price that you want to buy at for
example if I want to buy one Bitcoin I
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can say I want to buy Bitcoin whenever
the price is 5000 euro or right now it's
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a over 8500 I'll say I just want to buy
when it's 8500 if you only know the
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amount you want to spend for example in
our case I say I want 10 euros on this
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transaction and you don't know how much
a Bitcoin is that or just go on google
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and type in 10 euro to BTC and this is
the amount you'll want to buy I'll just
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copy this and paste in it here and this
is how you know how much Bitcoin you'll
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buy for your demo to set you'll see here
that's around 10 euro you can adjust
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this
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and now it's under 10 euro so if I place
the order now it will only trigger when
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the price of Bitcoin which is 8500 so
you can see the order here in the open
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orders tab but if you want to know more
about the limit orders I created a video
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especially for that if you click on the
card that appears on the top right
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corner you can see that video here a
stop limit order it's a bit different
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from the limit order because you can set
at what price to actually open this
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trade for example I said that when the
price of Bitcoin reaches 8,500 euros I
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want by 10 euros worth of Bitcoin but at
the price of 8,000 euros so this order
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will trigger only when the price of
Bitcoin will drop to 8,500 and when the
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price will drop to that amount then it
will open this limit order like we did
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here so instead of us coming to create a
limit order when the price is at 8500 we
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can create a stop order and it will
trigger automatically if you want know
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more about stopping it order I don't
have a video yet but when it's ready and
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link it in the top right corner so check
it out so if you want your trade to be
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triggered instantly we'll just use the
market order otherwise if you want a
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limit order at your desired price let's
say I want to buy $10 sort of Bitcoin I
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can click here on these are the sellers
and these are the buyers these are on
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the order book the people that are
selling Bitcoin this is the amount they
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are selling and this is for how much the
same here down below this is the amount
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they are buying and this is the price of
Bitcoin they are buying at the spread is
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the difference between the sell order
right here and the buy order right here
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because they are not the same so let's
just say I want to buy Bitcoin at a
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lower price I'll just choose my price
for this example I'll just click on this
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one
and adjust it a bit and if I place the
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buy order and it didn't go through
because the price is too much compared
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to what I have
so I'll just lower this amount like that
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I place a buy order and now you can see
my order here the open one and my price
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in the order book this is the order that
is to be filled in in order to receive
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my Bitcoin Lucy is the next in the queue
so whenever someone will buy either at
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market price or the sell price will
reach this price it will be filled in
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and I'll have my Bitcoin until this
order is filled in it shouldn't take
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long
but I'll present you the rest of the
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interface this is a price chart is
displayed as candles going best Pro
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doesn't offer a lot of tools for traders
these are just basic ones so it would be
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easy for you to get familiar with them
you can change here the timeframe to one
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minute this is how the price behaved and
in the past minutes each candle it's one
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minute or two five minutes and so on and
so forth you can change from candles to
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line and you can see the evolution of
the price with this line and only to
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technical analysis tools the exponential
moving average curve of exponential
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moving average and ten to twenty six
exponential moving average below here
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you can see the the buy orders and these
are the sell orders and it's actually
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the translation of this order book here
into this graph on here you can see that
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my transaction was actually filled so it
disappeared from this list I have now
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Bitcoin and I don't have euro anymore
and here is the details of the order
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field I bought 0.001 Bitcoin at this
price this was the fee a few seconds ago
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and here on the right hand side we can
see the trade history all the buy and
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sell orders that been filled in if I
want to do a sell order I'll just click
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on cell and go to market and this will
be triggered distantly or I can set a
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limit order or a stop limit order let's
just see how market order works I'll
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just click on max and I'll sell my full
Bitcoin amount this is the field and
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this is what I will get in return I
place a sell order
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and this was filled instantly and
basically this is it this is how you can
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buy and sell Bitcoin and other
cryptocurrencies because this is
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available for any pair that you see here
this is the Tyrian for example we have
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the same interface with the same details
and use it in the same way and if I go
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to orders I can here create a new
portfolio to have separated the balances
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in my in my account or I can see my open
orders I don't have any now what I can
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see the filled ones these all the
transactions that has been filled on my
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account and the fees that I paid and all
the details regarding the fees you can
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read more about it here if I go to court
folios here I can see all my portfolios
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but I can also see all the balances of
the coins that I have on my account I
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can see all the deposits I can see all
the withdrawals and I can also deposit
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and withdraw from here but there are the
same steps as before the profile
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settings will give me other options for
example I can see the bank that I have
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linked with coinbase right here I can
see the limits on my account API
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settings in case you need an API for
external service to communicate with
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Quinn BassPro the address book will let
you add different addresses to this
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crypto exchange so you can easily
deposit and withdrawal from these
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addresses here are the tax statements
and another tab for taxes in case you
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need to use these features and margin
trading which is not yet available it
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will be soon this year and you have to
join a waitlist if you want to to be
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part of that that's it this is all I
have to say about coinbase pro in
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conclusion it's a very easy to
understand and learn if change platform
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it doesn't have a lot of coins just a
few pairs but it gives you an easy to
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understand and easy to use interface so
beginners can get into it fairly quickly
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it also has the advantage of offering
lower fees than the coinbase website and
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you can withdraw any funds for free so
it will be easy for you to move your
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cryptocurrency from the exchange
platform which is going this pro to your
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own wallet to keep them safe and secure
which I recommend everyone to do even
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though the transaction fees are a bit
higher than other exchanges 0.5
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is not that high but is higher than
other exchanges which can offer
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transaction fees low as 0.1 percent but
they do have a withdrawal fee which is
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three to five dollars so if you already
have a company's account you can easily
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access the platform is the same account
you already have an account you just log
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in and you'll get started right away if
not you should create one I'll leave the
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link in the description like I said in
the beginning we both receive ten
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dollars when you sign up with my
affiliate link any questions you might
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have
don't be shy leave me a comment below
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and I'll answer any questions you might
have and if you enjoyed this video
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please be sure to like it and subscribe
if you want to see more content like
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this don't forget about my Bitcoin
giveaway and if you'd like $10 sort of
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beacon for free like the video leave a
comment below and maybe it'll be the
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next lucky winner thank you for watching
and I'll see you in the next one
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