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What are the steps to short on Coinbase Pro?

avatarmartnDec 28, 2021 · 3 years ago1 answers

Can you please provide a step-by-step guide on how to short on Coinbase Pro? I'm new to trading and would like to learn how to profit from price drops in the cryptocurrency market.

What are the steps to short on Coinbase Pro?

1 answers

  • avatarDec 28, 2021 · 3 years ago
    Shorting on Coinbase Pro is a straightforward process. Here's how you can do it: 1. Log in to your Coinbase Pro account. 2. Deposit funds into your account if needed. 3. Navigate to the trading page and select the cryptocurrency you want to short. 4. Click on the 'Sell' button and choose the 'Margin Sell' option. 5. Enter the amount you want to short and set the leverage. 6. Review the order details and click on the 'Sell' button to execute the short order. 7. Keep an eye on the market and close your short position when you're satisfied with the profit. Remember, shorting carries risks, so it's important to have a solid understanding of the market and use appropriate risk management strategies.