Coinbase is the beginner version of trading and is mainly used by beginners. However, there’s another platform named Coinbase Pro. It is used primarily by professional crypto traders. Nevertheless, there has always been confusion on which one is better between the two. On that note, each of them has its benefits and downsides.
What is Coinbase?
Coinbase is a simple crypto trading platform created explicitly for beginners in crypto trading. Nevertheless, it has all the necessary features for smooth and seamless crypto trading. Here, the platform gives you a wide range of assets to trade, ranging from Bitcoin to Dogecoin. Currently, Coinbase has over 89 million users, a large percentage of them being beginners.
What is Coinbase Pro?
Coinbase Pro is another trading platform built by the same company but specifically for experts. Coinbase is like a beginner trading platform, while Coinbase Pro is for advanced trading. This platform will provide tools that will prove quite complex for beginners.
Differences Between Coinbase and Coinbase Pro
| Coinbase | Coinbase Pro | |
| Supported Cryptocurrencies | 150+ | 250+ |
| Fees | <=0.4% maker, <=0.6% taker | <=0.4% maker, <=0.6% taker |
| Asset Availability/Trading Pairs | 550+ | 350+ |
| Order Types | Market, Limit, and Stop Limits | Market, Limit, and Stop Limits |
| Type of Charts | Charts Contains EMA, MA, MACD, RSI, Bollinger Bands, and drawing tools | EMA12 and EMA26 indicators in the charts. |
| Security | FDIC insurance for balances up to $250k, 2FA, Address Whitelisting, Coinbase Vault, biometrics for mobile. | 2FA, address whitelisting, FDIC for balances up to $250k, biometrics for mobile. |
| Usage | Personal/Beginner Usage | Commercial/expert usage |
| Unique Features | Offline storage of asset | Advanced trading tools |
| Maximum Trading Amount | Limited on Payment Option and Location | No Limitations |
| Mobile app | Yes | Yes |
Coinbase vs Coinbase Pro: Supported Cryptocurrencies
Both trading platforms give you a wide range of assets to trade. However, Coinbase has about 150+ assets, while Coinbase Pro supports 250+ assets.
Transaction Fees
Regarding transaction fees, the Coinbase Pro has an edge over the standard Coinbase. Nevertheless, they both have a transaction fee of less than or equal to 0.4% for makers and 0.6% for takers. However, the difference is that transaction fees for Coinbase Pro reduce depending on transaction volumes.
Coinbase vs Coinbase Pro: Security
Coinbase and Coinbase Pro have similar security features. Hence, you will find 2FA, biometrics on mobile apps, FDIC insurance of assets up to $250k, and address whitelisting. But there’s a difference. Coinbase supports the Coinbase vault.
Coinbase vs Coinbase Pro: Trading Charts
Apparently, one of the significant differences between these two lies in trading. Coinbase trading charts contain EMA, MA, MACD, RSI, Bollinger Bands, and drawing tools. On the other hand, Coinbase Pro offers EMA12 and EMA26 indicators in the charts.
Coinbase vs Coinbase Pro: Trading pairs
Coinbase supports 550+ trading pairs, while Coinbase Pro supports only 350+ trading pairs.
Maximum Trading Amount
For Coinbase, the maximum trading amount depends on location and payment options. However, Coinbase Pro offers unlimited trading amounts.
Coinbase vs Coinbase Pro: Unique Features
A unique feature Coinbase has is the support for offline storage. However, Coinbase Pro offers advanced trading tools.
Final Verdict
In conclusion, Coinbase is meant for those new to crypto trading. It features a simple interface with good user design and experience. On the other hand, Coinbase Pro is for expert traders. On the platform, they have access to tools that beginners might find very complex to use.
