What is Coinbase Pro API?
Coinbase Pro API is a method that allows us to automatically trade cryptocurrencies on Coinbase Pro via code.
Is Coinbase Pro API free?
Creating an account on Coinbase Pro and using the API is free, but when it comes to trading fees start to apply. The main fee structure that Coinbase Pro follows is the usual maker/taker one with fee tiers.
The fee, also called pricing, tiers are calculated upon your 30-day USD trading volume. Some of you might wonder how exactly the maker/taker structure works and I have your back with the following examples.
If you place a market order that gets filled instantly, you are classified as a taker and a fee between 0.04% and 0.50% will be applied.
On the other hand, if your order isn’t instantly matched it will be placed on the order book. When your order gets matched by another customer you will be classified as a maker and a fee between 0.00% and 0.50% will be applied.
And finally, if your order gets partially filled upon placement you will pay a taker fee that matched the filled portion. The remainder of the order is placed on the order book and, when matched, is considered a maker order.
Why should I use Coinbase Pro API?
Easy to use
Is intuitive
Features a great API
Fully regulated in US
Has high liquidity
Offers a decent amount of cryptocurrencies
Are Coinbase and Coinbase Pro the same?
Yes and No. Both of the platforms are owned by Coinbase Global Inc, but Coinbase is more like your virtual wallet while the Coinbase Pro is suited for people that are advanced in trading and ready to trade with other users.
Is Coinbase Pro API better than Coinbase API?
We can strongly argue that Coinbase Pro API is better than the plain Coinbase API as it allows for more advanced features and endpoints.
Is Coinbase Pro API available in my country?
Coinbase Pro API is available in over 100 countries and the full list can be found here. To make it easier for you, I’ve compiled all the approved countries in the picture below:
How to get started with the Coinbase Pro API?
There are two ways to get started with Coinbase Pro. The first way is to create an account directly on the Coinbase Pro landing page and the second way is to integrate it with an already made Coinbase account.
