If you’re new to the cryptocurrency world, Coinbase is a great exchange to start with. It’s user-friendly interface makes it easy for beginners to buy various currencies with fiat money (such as U.S dollars or Euros). On the other hand, advanced users who are looking for more options may prefer Coinbase Pro. The two platforms also differ in terms of purchasing options and fees.
In this guide, we compared Coinbase and Coinbase Pro’s features, fees, and supported currencies. Both accounts offer great security and simplicity. Although Coinbase has higher fees, it is designed for those new to investing in cryptocurrency. On the other hand, Coinbase Pro provides more transaction types with lower fees–ideal for activetraders.
- Our platform is straightforward and easy to use, even for beginners. You can also withdraw or sell using PayPal.
- Fees for trading are 0% to 0.50%, and 2.49% with Coinbase card transactions; banking fees vary depending on the institution used.
- The number of cryptocurrencies Proof supports is 107.
- Security features: Two-step verification, biometric fingerprint logins, insurance in the event Coinbase is breached, FDIC-insured USD balances.
- The types of transactions we support are: buying, selling, sending, receiving, and exchanging.
- The maximum amount you’re able to trade varies depending on your region and payment method.
- Can make withdrawals via PayPal
- Available in dozens of countries
- Can purchase cryptocurrency with debit or credit cards
- Higher and complex fee structure
- Limited trading types
- The platform tracks your cryptocurrency purchases
Coinbase Pro Features
- The main features of this platform are: Advanced charting features and crypto-to-crypto trading pairs.
- Fees:0% to 0.5% per trade
- More than 250 types of cryptocurrency are accepted.
- To keep your investment as safe as possible, Coinbase employs two-step verification, biometric fingerprint logins, insurance in the event that our site is breached, FDIC-insured USD balances, and AES-256 encryption for digital wallets.
- The types of transactions we support are: buying, selling, deposit, withdrawing, trading, stop orders , time in force orders , and limit orders.
- There is no maximum amount you can trade.
Coinbase Pro Pros
- More trading options
- Simple fee structure
- User-friendly charts
Coinbase Pro Cons
- Only two indicators and overlays for charts
- Beginners will face a learning curve
- Fees may be higher than other platforms
If you invest in cryptocurrency through a traditional brokerage firm, your assets are protected by the Securities Investor Protection Corp. (SIPC). However, this security does not extend to exchanges where most people trade cryptocurrency; therefore, users could lose their funds if the exchange goes bankrupt and they are considered unsecured creditors.
Before investing in cryptocurrencies, Decentralized Finance (DeFi), or other Initial Coin Offerings (ICOs), please consult with a qualified professional. investments of this nature are highly risky and speculative, and the markets can be Extreamly volatile. This article cannot guarantee the accuracy or reliability of any information.