Coinbase vs Coinbase Pro

Coinbase vs Coinbase Pro: A Complete Comparison For The Average Crypto Trader

Coinbase has been one of the most popular places for people to buy and sell cryptocurrency since its inception in 2012. They have since rebranded to Coinbase Pro — this article will be looking into the new Coinbase Pro service and complete comparison between the two platforms. Although Coinbase is a well-established international exchange, swyftx.com is much better suited for Aussies.

You might remember hearing about Coinbase on the news a few years ago. But did you know that Coinbase has two trading services? This can be quite confusing for people looking to start trading cryptocurrencies, which is why I’ve decided to create this post that compares coinbase vs coinbase pro.

If you’re interested in cryptocurrencies, then you need to be aware of Coinbase. Coinbase is currently the most popular crypto exchange in the world and allows you to purchase cryptocurrency with fiat cash like USD or EUR (most exchanges don’t allow this). One of the reasons for its popularity is the simplicity it brings to the table — it does everything without the user having to worry about the nitty-gritty details. It even makes it easy for users to download their transaction history, making tax time a lot simpler. You may still want to use some sort of tax calculator, but—for the most part—Coinbase does most of the heavy lifting for you. But for some traders or those who deal in a lot of cryptocurrencies, Coinbase may be too simple. For these users, there’s a new platform called Coinbase Pro that has all the bells and whistles and might make you wonder if Coinbase Pro is better than Coinbase. In this article, I will walk you through all the differences between these two platforms and whether or not they stack up against each other.

Coinbase vs Coinbase Pro: What’s The Difference?

Coinbase is a digital currency exchange that offers cryptocurrency trading and brokerage services. Coinbase was founded in 2012 and has since grown to serve over 30 million customers across 32 countries.

Coinbase Pro is the trading platform for experienced traders and institutional investors, offering a variety of advanced features and greater access to liquidity.

Coinbase

Coinbase is a company that operates exchanges between several digital currencies and fiat currencies.It offers its services to retail investors, as well as institutions.

Founded in 2012, Coinbase became the first licensed bitcoin exchange in the United States. Today, it has expanded to offer support for more cryptocurrencies on its platforms — such as Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH).

Coinbase operates its business through two distinct segments: an exchange and an independent broker-dealer. Through the exchange, users can trade Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH). Users can also purchase these assets through the company’s broker-dealer service, which allows users to buy cryptocurrencies directly from it at market price.

Coinbase Pro

Coinbase Pro is a trading platform that provides tools for professional traders. It offers a variety of tools to improve the trading experience. For starters, Coinbase Pro supports up to 10x leverage. It also lets you specify the fee to be paid when making trades. You can either pay the taker fee or the maker fee.

The taker fee is the fee you pay when you initiate a trade request by taking an order from the order book. The maker fee is the one you pay when you complete a trade by creating an order on the order book. With Coinbase Pro, you can trade with less than $100 worth of cryptocurrencies because it allows for small-sized orders as low as $0.1 per transaction.

However, if you’re a more experienced trader, you may find that Coinbase Pro has all the resources you need for your trading needs.

User-friendly interface: With a simple user interface and clean design, Coinbase is known for being easy to use. They even have a mobile app (iOS and Android) so you can exchange coins on the go. Coinbase Pro is also easy to use but has more detailed charts and analysis options compared to Coinbase. If you want to make more advanced trades, Coinbase Pro might be the better option.

Coinbase Fees: The fees associated with Coinbase are higher than most exchanges but they are easy to understand: Purchase Fees – Buying crypto through Coinbase is simple and there are no extra fees other than what’s already built into the purchase price.

Selling Fees: When selling crypto on Coinbase you will again pay the market rate for the coin, but will also be charged a flat fee depending on the payment method used: 1.49% for bank transfers or 3.99% for debit/credit card purchases).

Final Words

Coinbase Pro is generally considered the more advanced platform and Coinbase often points customers to use Coinbase Pro for larger transactions, and when dealing with more complex transactions. While in reality, the difference is marginal between the two platforms. For more information, you should visit and explore the coinbase review at the Traders Union website.  

By Michael Caine

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