Coinbase Pro Review 2024

Coinbase Pro Review Summary

Coinbase Pro is an online bitcoin exchange that allows users to buy and sell cryptocurrency. The company maintains a strict security standard by requiring its users to submit an official identification document. Customers in the United States must submit their driver's license or state ID, as well as provide their residential address and the final four digits of their Social Security number. Residents of the United Kingdom must upload their government ID document and answer questions based on their national identity database. People residing in other countries must upload two forms of identification.

Coinbase Pro review
What Do Coinbase Pro Offer?

πŸ‘‘ Cryptocurrencies BTC, ETH, XRP, BCH, EOS, LTC, XLM, DASH, ETC, ZEC
πŸ“ˆ Securities tradable 80 cryptocurrencies
πŸ’΅ Cost per trade Maker: 0-0.50%
💬 Customer service Email : No, Phone support : No, live chat : No.
πŸ’° Desposit Fees Cryptocurrency: None
πŸ’° Withdrawal Fees Cryptocurrency: None
πŸ’° Payment Methods Bank transfer
πŸ”‹ Mobile app IOS App : Yes, Google Play Android App : Yes

Initially, Coinbase Pro only offered trading via Bitcoin, but gradually started adding more digital currencies that suited its decentralized standards. It has now expanded its list to include more digital currencies like Litecoin, Ethereum, XRP, as well as many others that offer promise and suit its criteria.

Coinbase Pro is a cryptocurrency platform that was founded in 2018 the current Co-Founder is Brian Armstrong. Coinbase Pro has headquarters in New York, USA and offers the buying and selling of over 80 cryptocurrencies to customers all over the world. Buying and selling cryptocurrency can be done online. If you are looking to trade crypto using your mobile phone, Coinbase Pro offers native mobile apps to buy and sell cryptocurrencies, directly from your phone.

You can use exchanges to trade one cryptocurrency for another like Bitcoin to Dogecoin. With Coinbase Pro you can also exchange your cryptocurrency with fiat currency, such as the UK Pound or US Dollar.

Coinbase Pro Review

Coinbase Pro Review

Risk warning : Trading cryptocurrencies is high risk. When trading CFDs losses may exceed deposits.

Coinbase Pro review
Coinbase Pro Best For

Coinbase Pro works best particularly for active retail traders seeking to trade as well as store multiple digital currencies, as it offers an element of convenience. The platform also happens to be a viable option for institutions and businesses looking to utilize digital currencies, and it allows traders to convert one digital currency to another.

Coinbase Pro review
Coinbase Pro Advantages

Following are the advantages of using Coinbase Pro:

  • Coinbase Pro has been in business longer than 2 years
  • Coinbase Pro has a good rating.
  • Coinbase Pro offers over 20 cryptocurrencies.
  • Coinbase Pro offers a wide range of fiat currencies.
  • Coinbase Pro offers an Android Google Play Store mobile app.

Easy UI

Coinbase Pro is considered one of the simplest platforms for cryptocurrency investing. You can easily register and deal in digital currencies within minutes. Coinbase Pro also offers a learning platform that rewards users with cryptocurrencies to learn about how they work.

Wide Crypto Selection

Coinbase Pro has an impressively extensive range (over a hundred and growing) of digital currencies that you can trade, not to mention the most popular ones like Bitcoin, Cardano, Solana, and many more. This is in stark contrast to other financial applications or brokers that offer the promise of cryptocurrency trading but provide only a few of the most popular coins.

High Liquidity

High liquidity guards investors from price slippages in a market that is already volatile. Coinbase Pro currently ranks among the highly liquid exchanges.

Opportunities For Earning

Coinbase Pro offers an entire course of tutorials and exams as a means of educating users about digital currency trading as well as some of the digital currencies being offered. Taking classes also earns you certain digital currencies.

Cryptocurrency Custody

Contrary to brokers focused on trading, Coinbase Pro enables traders to take custody of their cryptocurrency assets for themselves. Coinbase Pro provides its cryptocurrency wallet, but traders can bring their wallets. This way, traders can pick the solution that suits them the most.

Staking Rewards

Coinbase Pro also enables traders holding digital currencies with them to take part in staking rewards. Staking is similar to earning interest with a bank account. This, however, comes with different risks. Staking generates revenue from traders’ holdings as they are utilized for validating transactions in a digital currency. Coinbase Pro shares that type of reward with its traders. Coinbase Pro takes care of the technical side, and the extra coins are sent to the trader’s account on an established schedule.

Coinbase Pro review
Coinbase Pro Disadvantages

Following are the disadvantages of Coinbase Pro:

  • Coinbase Pro does not offer PayPal as a payment method
  • Coinbase Pro does not offer Neteller as a payment method
  • Coinbase Pro does not offer Skrill as a payment method
  • Coinbase Pro charges withdrawal fees
  • Coinbase Pro does not offer Livechat support.
  • Coinbase Pro does not offer phone support.
  • Coinbase Pro does not offer email support.

Insufficient Variety Of Altcoins

Although Coinbase Pro has a vast variety of altcoin choices for beginner investors to interest themselves in. Those seriously wanting to trade in altcoins may not find a good selection there.

Higher Fees And Their Lack Of Transparency

Coinbase Pro has higher fees compared to other exchanges. Its fee structure can also be confusing. If you are using Coinbase Pro β€˜s basic platform, you will not be able to find a schedule before you proceed to place a trade.

Coinbase Pro review
Coinbase Pro Cryptocurrency Choice

Coinbase Pro allows you to trade around 80 digital currencies including BTC, ETH, XRP, BCH, EOS, LTC, XLM, DASH, ETC, ZEC and many more.

Coinbase Pro review
What Cryptocurrencies Are On Coinbase Pro

Coinbase Pro has 80 cryptocurrencies available to registered users. These cryptocurrencies include BTC, ETH, XRP, BCH, EOS, LTC, XLM, DASH, ETC, ZEC.

Coinbase Pro review
Coinbase Pro Stablecoins

Coinbase Pro offers its own stablecoin called Coinbase Pro. Stablecoins are meant to mitigate volatility in relation to digital currencies like Bitcoin. Stablecoins are usually pegged to stable reserve assets like the US dollar or gold. Traders can buy stablecoins on Coinbase Pro.

Coinbase Pro review
Coinbase Pro Altcoins

Coinbase Pro has a decent variety of altcoins for traders to choose from with over 80crypto assets including alt coins listed on Coinbase Pro.Coinbase Pro has a decent variety of altcoins for traders to choose from with over .

Coinbase Pro review
Trading Cryptocurrency With Coinbase Pro

Different cryptocurrencies at Coinbase Pro come with different limitations and set withdrawal amounts. You may only be able to trade some with fiat currencies like the US dollar. Some may also be restricted in some countries. Users can buy cryptocurrencies via debit card. They can also purchase crypto with funds in their Coinbase Pro wallet.

Coinbase Pro Crytocurrency To Crytocurrency Trading

Coinbase Pro has upwards of 80 cryptos available in multiple regions of the world.

Coinbase Pro Crytocurrency To Fiat Currency Trading

Coinbase Pro review
Coinbase Pro Cryptocurrency Custody And Ownership

Coinbase Pro allows users to take custody of their cryptocurrency assets themselves. Users can either use Coinbase Pro’s crypto wallet, or their own. Coinbase Pro also has over 3 fiat currencies available including USD, EUR, GBP all accessible to registered users.

Coinbase Pro review
Coinbase Pro Staking Rewards

Coinbase Pro enables customers holding crypto to take part in staking rewards. It is similar to interests in a bank account; however, it comes with its risks. This generates revenue from a user’s holdings because they are used to authorize crypto transactions. That revenue is shared with customers.

Coinbase Pro review
Coinbase Pro Fees

Coinbase Pro Users will have to pay a Maker: 0-0.50% trading fee as well as deposit fees of Cryptocurrency: None when buying and selling cryptocurrency with Coinbase Pro.

Coinbase Pro review
Coinbase Pro Network Fee

Outgoing Coinbase Pro transactions to outside crypto addresses normally require a network fee, also known as a mining fee. This ensures the processing of transactions on crypto networks. This fee is then forwarded to crypto miners, the systems processing the transactions.

Coinbase Pro review
Coinbase Pro Trading Commissions

Trading commissions at Coinbase Pro work similarly to traditional share dealing fees. That means users have to pay a variable commission. The standard trading commission at Coinbase Pro is 1.49 percent, so users will have to pay this percentage when they buy or sell a digital currency.

Coinbase Pro review
Withdrawal Fees

With Coinbase Pro standard cryptocurrency to fiat withdraw fees varies by cryptocurrency, instant cash-out of your Coinbase Pro account. A withdrawal fee of (Cryptocurrency: None) may also be required for certain 3rd party payment methods instead of using cleared bank funds.

Coinbase Pro Currency Conversion Fees

Coinbase Pro charges a percent flat fee on all currency conversions which you will have to factor into your crypto trading.

Coinbase Pro Payment Methods

The payment methods offered at Coinbase Pro are Bank transfer. Coinbase Pro also offer wallet, wire transfer, crypto conversion, ACH transfer, and credit transactions.

Coinbase Pro review
Coinbase Pro Withdrawal Methods

If you have cryptocurrency or traditional fiat currency in your Coinbase Pro account and want to withdraw it, you must use the same payment method that you used to deposit it. This is because of anti-money laundering legislation.

Coinbase Pro review
Withdraw Fiat Currency From Coinbase Pro

Users can withdraw their digital currency from Coinbase Pro to fiat at any time through an ACH transfer. Such transfers usually take 1-2 working days to complete. Coinbase Pro also allows instant cash-outs that run twenty-four-seven, to cards or bank accounts in exchange for extra fees (1 percent).

Coinbase Pro review
Coinbase Pro Security

Contrary to holding cash in a traditional bank, cryptocurrency is not secured under federal laws. Coinbase Pro stores 98 percent of its users’ cryptocurrency offline in what is known as cold storage. The remaining 2 percent is meant for facilitating trading volume. The platform also has an insurance policy that protects users’ cryptocurrency holdings.

Coinbase Pro holds its customers crypto in its free wallet service. Users can even choose to hold their cryptocurrencies in separate wallets. Coinbase Pro requires its users to finish a 2-factor authentication process to log in to their accounts. Other than that, Coinbase Pro also has biometric login (fingerprints and Face ID) security as well as AES-256 encryption when it comes to private keys. Aside from all this, it helps to use strong passwords, i.e., ones that should not be used elsewhere.

Coinbase Pro holds your cash in one of three locations: custodial accounts found at US banks, US money market funds, US Treasuries and for European Coinbase Pro clients FCA regulated European banks may be used.

Coinbase Pro review
Coinbase Pro Two Factor Authentication - 2FA

Coinbase Pro does offer two-factor authentication for added security.

Coinbase Pro Specific Device Whitelisting

Specific device whitelisting is a feature that enables cryptocurrency withdrawals to only be sent to devices that are allowed. The two-factor authentication feature is required to enable or disable the feature. This allows Coinbase Pro customers to withdraw to authorized devices.

Coinbase Pro review
Coinbase Pro Wallet

Coinbase Pro review
Coinbase Pro Online Cryptocurrency Wallets

Coinbase Pro review
Coinbase Pro Hardware Cryptocurrency Wallets

Coinbase Pro review
Coinbase Pro Liquidity

Coinbase Pro has a large amount of liquidity. In that case, wide spreads should not be a big concern. Liquidity also allows for significant transactions without any problems.

Coinbase Pro review
How To Open A Coinbase Pro Account

To open an account at Coinbase Pro, the first step to get started is to provide your name, email address, password, and the state you live in. Choose β€œcreate an account” and move on to verify your email. Once you log in, you will be asked to provide your number and verify it. The next step is to fill in your personal information and answer any questions about the account creation. After that, you verify your identity (a two-factor authentication setup is recommended). The last step is to link a payment method.

Coinbase Pro review
Coinbase Pro User Interface

Coinbase Pro has a simple, user-friendly interface.

Coinbase Pro review
Coinbase Pro Features And Cryptocurrency Trading Tools

Coinbase Pro offers features like crypto investing, custodial accounts, an advanced platform for trading, and its own designated US dollar stablecoin.

Coinbase Pro review
Coinbase Pro Ease Of Use

Coinbase Pro is fairly easy to use. The sign-up process takes only a few minutes. The overall interface is brilliant and easily navigable, with a search bar that lets you explore the crypto offerings available at Coinbase Pro.

Coinbase Pro review
Coinbase Pro Mobile Apps

The availability of mobile applications for such platforms is highly crucial for investors that are always on the go. This way, they can effortlessly place market offers, and keep tabs on live market data, i.e., shares, currencies, stock indices, commodities, etc. Coinbase Pro has highly rated applications for both iOS and Android.

Coinbase Pro review
Coinbase Pro Apple App

The Coinbase Pro app can be found on Apple’s App Store on all Apple devices, offering the same features as the desktop website.

Coinbase Pro review
Coinbase Pro Android App

The Coinbase Pro app can be found on the Play Store on all Android devices, offering the same features as the desktop website.

Coinbase Pro review
Coinbase Pro Education Resources

Coinbase Pro enables entitled customers to learn about digital currencies through their educational resources offered. Users can even unlock lessons educational content and earn cryptocurrency in the process.

Coinbase Pro review
Coinbase Pro Customer Support

Coinbase Pro registered users can request support through email, phone, live chat when available. Support options are available through the Coinbase Pro website and apps. If you have an issue that needs to be resolved you also speak to a representative by filling out a form on the Coinbase Pro website. Coinbase Pro also has a help page for solving common problems with your Coinbase Pro crypto account.

Coinbase Pro review
Coinbase Pro Phone Support

Coinbase Pro phone support can be accessed by called them on .

Coinbase Pro review
Coinbase Pro Email Support

Coinbase Pro email suport can be reached at . Although Coinbase Pro usually respond within 2 days it may take up to 7-14 days for a response to some queries during peak times.

Coinbase Pro review
Coinbase Pro Live Chat

Customers can reach out to Coinbase Pro via live chat at any time if they have issues or difficulties with their Coinbase Pro account that they can't solve. Obtaining assistance via live chat is by far the most common means of customer service compared to other types of support.

Coinbase Pro review
What Countries Is Coinbase Pro Available In?

Coinbase Pro is available in over 100 countries. Coinbase Pro does not operate in the following countries : Afghanistan,Haiti,Iran,Iraq,Jordan,Kazakhstan,Kosovo,Lebanon,Libya,Macau,North Korea,Palestinian Territories,Panama,Sierra Leone,Syria,Yemen.

Coinbase Pro review
Coinbase Pro Account Limits

Coinbase Pro offers remarkably high limits and they depend on the user’s account level. A user’s account level is determined by the amount of information they have verified. Fully verified users can buy up to 50K USD worth crypto every day.

Coinbase Pro review
Coinbase Pro Awards

Coinbase Pro review
Can Coinbase Pro Be Trusted?

Coinbase Pro is a regulated company that is backed by major investors and holds licences for all the districts it operates in.

Coinbase Pro review
Is My Money Safe With Coinbase Pro?

Yes, Coinbase Pro is among the safest web wallets available. It keeps 98 percent of its assets in offline cold storage. Assets cannot be hacked while in cold storage. Coinbase Pro also ensures other ways to safeguard funds, i.e., two-factor authentication and AES-256 encryption. Your wallet is also covered up to 250K, courtesy of FDIC Insurance.

Coinbase Pro review
Is Coinbase Pro Regulated By A Financial Regulator?

Yes, Coinbase Pro is compliant with all applicable regulations in every jurisdiction it operates in.

How Do I Contact Coinbase Pro If There Is A Problem?

Coinbase Pro β€˜s customer support can be contacted via email, live chat, and via Twitter. Users can also schedule a call from a representative by filling a form on Coinbase Proβ€˜s website. Coinbase Pro also has a β€œHelp” section for less complicated issues.

Coinbase Pro Review Verdict

Coinbase Pro makes a solid choice for traders looking to trade crypto as it has a sleek, easy-to-use interface, signing up is straightforward, and most of its processes are simple. It offers a vast collection of cryptocurrencies to trade, and users can also earn staking rewards, among other things.

Coinbase Pro Compared To Other Cryptocurrency Platforms

  1. Visit Coinbase Pro alternative Coinbase Pro

    🀴 Used By: 73,000,000
    ⚑ Crypto Available: BTC, ETH, XRP, BCH, EOS, LTC, XLM, DASH, ETC, ZEC and 80 more cryptocurrency.
    πŸ“ˆ Traded Volume: 7,622,846,254
    πŸ’΅ Deposit Methods: Bank transfer

    πŸ’° Trading Fees: Maker: 0-0.50%
    πŸ’° Withdrawal Fees: Cryptocurrency: None
    πŸ’° Deposit Fees: Cryptocurrency: None
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  2. Visit Coinbase Pro alternative eToro Cryptocurrency

    🀴 Used By: 23,200,000
    ⚑ Crypto Available: BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, MIOTA, XLM and 27 more cryptocurrency.
    πŸ“ˆ Traded Volume: 41,693,321
    πŸ’΅ Deposit Methods: Credit cards, VISA, MasterCard, Diners Club, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, China UnionPay, Giropay, Electronic wallets (eWallets), Ethereum, Bitcoin, Bitcoin Cash, Dash, EOS, Ripple XRP, Litecoin, Zcash, Payoneer,

    πŸ’° Trading Fees: Fees vary. Overnight and weekend fees apply
    πŸ’° Withdrawal Fees: US$5 (minimum withdrawal of US$50)
    πŸ’° Deposit Fees: Fees vary (conversion fees for non-USD deposits)
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  3. Visit Coinbase Pro alternative eToroX

    🀴 Used By: 13,000,000
    ⚑ Crypto Available: BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, MIOTA, XLM and 27 more cryptocurrency.
    πŸ“ˆ Traded Volume: 42,043,394
    πŸ’΅ Deposit Methods: Credit cards, VISA, MasterCard, Diners Club, Maestro, Debit Cards, Bank Transfer, PayPal, Neteller, Skrill, WebMoney, China UnionPay, Giropay, Electronic wallets (eWallets), Ethereum, Bitcoin, Bitcoin Cash, Dash, EOS, Ripple XRP, Litecoin, Zcash, Payoneer,

    πŸ’° Trading Fees: Fees vary
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: Fees vary
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  4. Visit Coinbase Pro alternative Gate.io

    🀴 Used By: 4,000,000
    ⚑ Crypto Available: BTC, ETH, ETC, XTZ, CLV, EOS, OMG, BNB, LTC, UNI and 820 more cryptocurrency.
    πŸ“ˆ Traded Volume: 5,945,756,067
    πŸ’΅ Deposit Methods: Cryptocurrency

    πŸ’° Trading Fees: Maker: 0.20%
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: None
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  5. Visit Coinbase Pro alternative LocalBitcoins

    🀴 Used By: 1,000,000
    ⚑ Crypto Available: BTC and 1 more cryptocurrency.
    πŸ“ˆ Traded Volume: 612,000,000
    πŸ’΅ Deposit Methods: Bank transfer (ACH)

    πŸ’° Trading Fees: None
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: Fees vary
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  6. Visit Coinbase Pro alternative KuCoin

    🀴 Used By: 8,000,000
    ⚑ Crypto Available: BTC, ETH, XRP, BCH, EOS, LTC, ADA, XLM, TRX, NEO and 434 more cryptocurrency.
    πŸ“ˆ Traded Volume: 110,957,137
    πŸ’΅ Deposit Methods: Cryptocurrency

    πŸ’° Trading Fees: 0.10%
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: None
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  7. Visit Coinbase Pro alternative Huobi

    🀴 Used By: 10,000,000
    ⚑ Crypto Available: BTC, BCH, ETH, XRP, LTC, BTG, DASH, ETC, EOS, QTUM and 320 more cryptocurrency.
    πŸ“ˆ Traded Volume: 924,266
    πŸ’΅ Deposit Methods: Cryptocurrency

    πŸ’° Trading Fees: Maker: 0.2%
    πŸ’° Withdrawal Fees: None
    πŸ’° Deposit Fees: None
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  8. Visit Coinbase Pro alternative Coinbase

    🀴 Used By: 73,000,000
    ⚑ Crypto Available: ATOM, BAT, BTC, BCH, XRP, DAI, DASH, EOS, ETH, ETC and 73 more cryptocurrency.
    πŸ“ˆ Traded Volume: 7,622,846,254
    πŸ’΅ Deposit Methods: Bank transfer (ACH)

    πŸ’° Trading Fees: Fees vary
    πŸ’° Withdrawal Fees: Instant Card Withdrawal: Up to 2% of the transaction plus a minimum of 0.45
    πŸ’° Deposit Fees: Credit/debit card: 3.99%
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  9. Visit Coinbase Pro alternative CoinJar

    🀴 Used By: 450,000
    ⚑ Crypto Available: BTC, ETH, XRP, EOS, LTC, XLM, USDT, OMG, ZRX, MKR and 42 more cryptocurrency.
    πŸ“ˆ Traded Volume: 64,141,140
    πŸ’΅ Deposit Methods: Bank transfer

    πŸ’° Trading Fees: Maker: 0.05-0.15%
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: No Fees
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  10. Visit Coinbase Pro alternative Crypto.com

    🀴 Used By: 10,000,000
    ⚑ Crypto Available: BTC, ETH, USDT, XRP, ATOM, XTZ, XLM, LINK, CRO, BCH and 153 more cryptocurrency.
    πŸ“ˆ Traded Volume: 2,630,000,000
    πŸ’΅ Deposit Methods: Credit card

    πŸ’° Trading Fees: Maker: 0.04-0.20%
    πŸ’° Withdrawal Fees: Cryptocurrency: Fees vary
    πŸ’° Deposit Fees: None
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

  11. Visit Coinbase Pro alternative Coinmama

    🀴 Used By: 2,300,000
    ⚑ Crypto Available: BTC, ETH, ETC, BCH, LTC, ADA, QTUM, XRP, XTZ, EOS and 10 more cryptocurrency.
    πŸ“ˆ Traded Volume: 86,072,667,390
    πŸ’΅ Deposit Methods: Bank transfer (ACH)

    πŸ’° Trading Fees: 2.9-3.9% (depending on loyalty level)
    πŸ’° Withdrawal Fees: Fees vary
    πŸ’° Deposit Fees: Credit card: 5%
    Trading cryptocurrencies can be high risk. Losses may exceed deposits when trading CFDs.

Coinbase Pro Frequently Asked Questions

Following are the most commonly asked questions (and their answers) about Coinbase Pro:

Is Coinbase Pro Safe?

Yes, Coinbase Pro is backed by high profile investors and regulated by reputed financial authorities.

How Do I Withdraw From Coinbase Pro?

Users can withdraw their crypto to fiat any time they want through an ACH transfer. Such transfers normally take 1-2 working days. Coinbase Pro also allows instant cash-outs to cards or bank accounts in exchange for extra fees.

Is Coinbase Pro Okay For Beginners?

Yes, because of how easy-to-use its web and application interfaces are, Coinbase Pro is seen as one of the best options for beginner traders.

Do I Have To Pay TAX With Coinbase Pro?

You will need to pay taxes on any cryptocurrency profit you accrue. How cryptocurrency is taxed differs on where your country of residence is and where you are in the world. In the USA federal income tax purposes, cryptocurrency is considered "property," which means the IRS classifies it as a capital asset. This means that the crypto taxes you pay are the same as the taxes you'd pay if you had a profit or loss on a capital asset sale or exchange.

Any earnings made on crypto assets held as a personal investment in the United Kingdom will be taxed. It is stated that you must pay capital gains tax only on gains that exceed the annual exempt level.

Individuals must pay taxes on cryptocurrency received as a result of mining, airdrops, confirmation incentives, and cryptocurrency acquired as a paycheck from an employer. Unless the donation exceeds the acquisition cost, crypto assets donated to charity are not subject to capital gains tax.

Check with a local accountant to check if any tax is due on your cryptocurrency trading.