The Coinbase Pro topic | Bitcointalksearch.org

figmentofmyass

legendary

Activity: 1652

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Quote from: 1Referee on September 24, 2019, 05:38:40 AM

In order to get to the bottom of this it would be helpful if we have a screenshot so that we can see what the actual problem is here. Copy and pasting the profitable trades will suffice too.

my guess is that his trades weren't executing at the price he thought they were. often times, what you see on the order book at the spread and what actually executes the millisecond you submit an order are two different things. that's the danger of the market order function, especially in a high slippage environment.

a better way to get market order functionality without taking that risk:
-use a limit order instead
-go to advanced > execution = "allow taker"

this way, the order will never execute past the limit price you set = no unexpected slippage.

1Referee

legendary

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Merit: 1427

Quote from: figmentofmyass on September 23, 2019, 01:08:03 PM

there's no logical reason for the OP to stay there when he can convert to USD with a click of a button.

That's another thing, but that doesn't take away anything from the fact that you can execute a trade worth $300 in a second on the USDC pair. It's up to OP to take the gap between bid and ask into consideration when trading, which I assume he has since he states that his trades are profitable.

In order to get to the bottom of this it would be helpful if we have a screenshot so that we can see what the actual problem is here. Copy and pasting the profitable trades will suffice too.

figmentofmyass

legendary

Activity: 1652

Merit: 1483

Quote from: 1Referee on September 23, 2019, 12:43:55 PM

@figment... USDC is more than liquid to handle $300 trades.

that's questionable advice IMO.

the spread on the USDC market is consistently 2-10x worse than the USD market. sometimes it's much more drastic, like $0.01 vs $5. market ordering into that spread is just irrational.

the USDC market is for the birds and the market makers profiting off them. this is why 24-hour volume is 13-14x bigger on the USD market. there's no logical reason for the OP to stay there when he can convert to USD with a click of a button.

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: Pipdips on September 23, 2019, 10:57:22 AM

My trades keep clearing and my account is not growing. I am placing profitable scalping trades in the .5%-1% profit range. All of my trades were successful but my account is slightly less than when I started. I have placed about 10 successful scalping trades and each trade is about $300 each. My account is slightly less than when I started. I use the stable coin USDC. This is confusing.

Can anybody tell me what the hell is going on with Coinbase Pro!?!?!?

If your balance is less than what you started at before you 'profitably' traded, you're probably miscalculating the actual profit percentages.

Coinbase Pro's taker fee is 0.25%, so opening and closing a trade costs you 0.50% in total.

Opening a trade; $300 minus 0.25% fee = $299.25

Closing a trade; $299.25 + 0.5% profit = $300.746 minus 0.25% fee = $299.994

@figment... USDC is more than liquid to handle $300 trades.

figmentofmyass

legendary

Activity: 1652

Merit: 1483

Quote from: Pipdips on September 23, 2019, 10:57:22 AM

My trades keep clearing and my account is not growing. I am placing profitable scalping trades in the .5%-1% profit range. All of my trades were successful but my account is slightly less than when I started. I have placed about 10 successful scalping trades and each trade is about $300 each. My account is slightly less than when I started. I use the stable coin USDC. This is confusing.

Can anybody tell me what the hell is going on with Coinbase Pro!?!?!?

first things first---stop using the USDC market. it has way thinner order books and way worse slippage than USD markets. convert your USDC to USD and go to https://pro.coinbase.com/trade/BTC-USD instead of https://pro.coinbase.com/trade/BTC-USDC.

without seeing your executed order history, we can't know what happened exactly, including whether you are getting charged maker or taker fees. are you using post-only limit orders or market orders, or some combination? with market orders, you are not only getting charged much higher fees but you may be getting a much worse average execution price than you think.

Quote from: Pipdips on September 23, 2019, 11:02:36 AM

Is Coinbase Pro totally unsuitable for scalping???

They must be gouging my trades with fees.... Are they taking .25%, or are they taking 25% Huh

if they are taking 0.25% off each side of the trade and you are experiencing slippage on market orders, then you will consistently lose money on 0.5% scalps.

Pipdips

member

Activity: 210

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I totally hate posting any technical issues here at this site. Then some paid intern at Coinbase reads it to solve any issues behind the scenes grabbing info from the exterior. Coinbase should be paying Bitcointalk and it's members here for being a leg of support for your exchange. Otherwise, wait 3 days. Coinbase is cheap.

Pipdips

member

Activity: 210

Merit: 13

Is Coinbase Pro totally unsuitable for scalping???

They must be gouging my trades with fees.... Are they taking .25%, or are they taking 25% Huh

Pipdips

member

Activity: 210

Merit: 13

My trades keep clearing and my account is not growing. I am placing profitable scalping trades in the .5%-1% profit range. All of my trades were successful but my account is slightly less than when I started. I have placed about 10 successful scalping trades and each trade is about $300 each. My account is slightly less than when I started. I use the stable coin USDC. This is confusing.

Can anybody tell me what the hell is going on with Coinbase Pro!?!?!?

figmentofmyass

legendary

Activity: 1652

Merit: 1483

Quote from: Pipdips on September 22, 2019, 01:23:39 PM

At Coinbase Pro what is the difference between Stop Price and Limit Price?

Am I placing my orders backwards? Which one is the trigger and which one is the price where it SELLS.

What the hell is going on with this. Angry

the "limit price" is exactly the same as with a normal limit order. it's the price where your order is placed on the book. the "stop price" is the trigger price. when the market reaches that price, it places your limit order on the book.

if you want it to execute like a market stop order, you need to set the limit price sufficiently far from the stop price.

Pipdips

member

Activity: 210

Merit: 13

At Coinbase Pro what is the difference between Stop Price and Limit Price?

Am I placing my orders backwards? Which one is the trigger and which one is the price where it SELLS.

What the hell is going on with this. Angry

I've searched online and it must have given me backwards directions for what Stop and Limits are at Coinbase.

It's like Coinbase should be Paying Me to work out all the simple unknowns in their exchange.

Cheap.

Pipdips

member

Activity: 210

Merit: 13

So if I place a $100 buy order, they take .15%, or $0.15

Then I place a sell order at $100.50 and they take $0.15 more cents.

I am scalping at .5%, so they take .3% of the profits?

That is The Sucks! Coinbase Pro is no good for scalping... it's like highway robbery.

Huh

Or are they actually taking .25% per-transaction? On both sides: the buy order, and the sell order??

Pipdips

member

Activity: 210

Merit: 13

Here is what it says in my account about the fees they are charging me:

Current Maker Fee
0.15%
Current Taker Fee
0.25%

What is the difference between Maker and Taker? Is this where my profits are going???

I do not remember Binance having a maker or taker fee like that. It was just one low fee.

Is Coinbase Pro just highway robbery, or what?

Pipdips

member

Activity: 210

Merit: 13

When I place my orders I get this message:
"Stop-Limit Warning
This order may not fill immediately when executed. Are you sure you would like to continue?"

What is this warning message all about can you explain it?
Is this why my account balance will go down even when I am executing profitable trades??

It is like Coinbase Pro should be paying me to type all this stuff out.. Same thing goes with the people who replied in this topic and were so helpful: You should also be Paid By Coinbase for answering questions. We answer questions faster than the Coinbase support which takes 3 days...

Lips sealed

Pipdips

member

Activity: 210

Merit: 13

Alright so now my ZEC/USDC trades cleared after scalping a few trades, but now my balance is less than when I started trading. I made a few successful trades for 0.5% profits. Now my entire account is stable again in USDC and I always keep my account stable in USDC while not scalping, but, why is my account less than when I started making trades??? It is a small amount less than before I began trading.

Pipdips

member

Activity: 210

Merit: 13

I am trading at Coinbase Pro, and using TradingView charts.
The pair I am watching and trading with is ZEC/USDC.

The TradingView chart shows big red candles dipping down into the range of $47.36
The Coinbase Pro chart shows only one red candle, and the lowest price it is showing is $47.47
The time is set to 5 minute candles for both charts.
The timing for the red candle placement is not the same either because the red candles showed up at one much earlier than the other.

What gives???
And there it goes again!!! The TV chart shows 5 big red candles in a row. But at CBase it shows green candles.
What's up with that?

figmentofmyass

legendary

Activity: 1652

Merit: 1483

Quote from: Pipdips on September 19, 2019, 11:48:05 AM

Now how do I track my order history in better detail? All I see is the "Fills" area and it does not show any specific information.

in the top right, click the "my orders" tab. that'll show you a detailed view of all open and filled orders. it only shows the last 90 days, otherwise you need to download statements.

Quote from: Pipdips on September 19, 2019, 11:48:05 AM

How do I calculate or bring into focus the details for how much the fees are for trades? I need to calculate percentages better because at Binance I would scalp for .5% profits, but now at CBase I may need to set that higher and in the 1% range.

on the "my orders" page, there is a third tab (after open and filled orders) for "fees". that lists your 30-day volume and accordingly your maker/taker fee tier. most of us small fish are in the .1/.2 or .15/.25 tiers.

Quote from: Pipdips on September 19, 2019, 11:48:05 AM

What is the difference between Maker Fee and Taker Fee?

maker = post-only limit orders. you are making liquidity on the order book. (which market buyers/sellers are taking)
taker = market orders where you are taking liquidity from the order book.

Pipdips

member

Activity: 210

Merit: 13

Okay thanks for your guidance!

So I managed to complete my first scalping trade with CBase Pro! It was just a practice run, with a $30 buy of BTC/USDC, then I set the stop-limit order for 1% profit and it cleared quickly. It worked well, and I am gaining some appreciation for the simplicity of CBase Pro, but I have to add that without those free TradingView charts it would simply be too difficult to trade using CBase Pro.

Now how do I track my order history in better detail? All I see is the "Fills" area and it does not show any specific information.

How do I calculate or bring into focus the details for how much the fees are for trades? I need to calculate percentages better because at Binance I would scalp for .5% profits, but now at CBase I may need to set that higher and in the 1% range.

What is the difference between Maker Fee and Taker Fee?

figmentofmyass

legendary

Activity: 1652

Merit: 1483

Quote from: Pipdips on September 18, 2019, 12:11:27 PM

I am still trying to put funds into my Coinbase Pro account and it blocks me. I have USDC in my Coinbase wallet, but nothing is in the Coinbase Pro account.

When I try to deposit into Coinbase Pro it is saying "You can't send a payment from an account to itself."

i wonder if are you possibly trying to deposit into your coinbase account rather than your coinbase pro account, because you should be able to do this through the pro.coinbase.com interface.

are you on the right subdomain? are you following these directions exactly? https://support.pro.coinbase.com/customer/en/portal/articles/2945332-how-to-transfer-funds-between-your-coinbase-pro-and-coinbase-accounts

once you do that, use the "convert to USD" button in coinbase pro "wallets" tab:

Pipdips

member

Activity: 210

Merit: 13

I am still trying to put funds into my Coinbase Pro account and it blocks me. I have USDC in my Coinbase wallet, but nothing is in the Coinbase Pro account.

When I try to deposit into Coinbase Pro it is saying "You can't send a payment from an account to itself." I would ask these questions to Coinbase directly but their customer service takes 3 days just for them to respond.

Hope this topic is seen by people who trade, because this topic was moved from the Trading Forum and is now lost in Bitcoin Forum > Economy > Marketplace > Service Discussion > Exchanges.

What the hell. Who the hell on earth is going to ever click that much to find this forum?

Pipdips

member

Activity: 210

Merit: 13

Coinbase is based in California
Apple is based in California
So, wait a second...!

Topic: The Coinbase Pro topic (Read 309 times)