As one of the leading cryptocurrency exchanges in the world, Coinbase is often at the forefront of new developments and features in the space. So, does Coinbase have auto trading?
The answer is both yes and no. Coinbase does offer an auto-trading feature for its more advanced users, but it is not available to everyone.
Only users who have completed KYC (know your customer) verification and have a verified bank account linked to their Coinbase account can use the auto-trading feature.
So, what is auto trading? Auto trading is a feature that allows users to automate their trading on an exchange. This means that users can set up certain parameters (e.g.
price, quantity, etc.) and then the exchange will automatically execute trades for them when those parameters are met.
This can be a useful feature for experienced traders who want to take advantage of market conditions without having to constantly monitor their trades. However, it is important to note that auto trading does come with some risks.
For example, if there is a sudden market move, your orders may not be executed at the price you were expecting.
Overall, Coinbase’s auto-trading feature is a useful tool for advanced traders who want to save time and automate their trading. However, it is important to be aware of the risks involved before using this feature.