Coinbase vs. Coinbase Pro: A Comprehensive Comparison of Trading Fees and Futures Offerings!
Analyzing the Differences Between Coinbase and Coinbase Pro: Trading Costs, Features, and Future Contracts
By reading the article “Coinbase vs. Coinbase Pro” published in Adaas Investment Magazine, you will get acquainted with the coinbase exchanges and the differences between Coinbase and Coinbase Pro in general. This level of familiarity can be enough.
Table of Contents
Introducing Coinbase and Coinbase PRO.
Many professional investors and traders new to the cryptocurrency market recognize Coinbase as one of the largest and most legal exchanges providing cryptocurrency trading services.
Both Coinbase and Coinbase Pro exchanges are owned by Coinbase Global, Inc. The differences between the two exchanges are very simple and practical at the same time.
Simply put, the Coinbase exchange is designed and developed for new entrants and the registration of their first purchase and sale orders, and on the other hand, the Coinbase Pro exchange is designed and implemented for professional traders and investors and their transactions.
At Coinbase, the visual design and user interface are very simple and easy to buy and sell. But in Coinbase Pro, price charts, different types of buying and selling orders, and so on are provided for users.
Coinbase
The standard version of the exchange with a simple user interface for new users to the cryptocurrency market.
Coinbase Pro
Professional version by providing various services such as price charts and a variety of methods for registering purchase or sale orders for professional investors.
Compare fees Coinbase & Coinbase PRO
The two exchanges, Coinbase and Coinbase Pro, have different fees for registering transactions and depositing or withdrawing money to the exchange for users.
The Coinbase exchange may be a better choice for newcomers because of the simple user interface and easier use of the service, but on the other hand, the costs that users pay to receive services at this exchange are much different from the Coinbase Pro exchange.
| TRANSACTION | Coinbase FEE | Coinbase Pro FEE |
|---|---|---|
| Buy/Sell with Bank Account | 1.99% | 0%-0.50% |
| Buy/Sell with Credit/Debit Card | 4.49% | N/A |
| Buy/Sell with Coinbase Wallet | 1.99% | 0%-0.50% |
| Wire Transfer | $10 ($25 outgoing) | $10 ($25 outgoing) |
| Instant Card Withdrawal | Up to 1.5% | N/A |
| Exchange Crypto | 2.00% | 0%-0.50% |
Coinbase Fees
Buying and selling at the Coinbase exchange carry a minimum of 4% commission for the user. For example, in a $1,000 purchase order, the user will pay $40 for the commission to the Coinbase.
Coinbase Pro Fees
At Coinbase Pro, the fees are much lower than at Coinbase. The reason for this price difference is the use of the Maker-Taker strategy in calculating the transaction cost.
When users place their orders at the Market price to be done instantly, they are known as Takers who have to pay more fees. People who place their orders in the Order Book to find an order according to their request will be included in the Makers list and will pay a lower fee.
Be aware!
Coinbase Pro Exchange does not support credit card or Debit Card transactions!
Security at Coinbase & Coinbase Pro
Both exchanges provide maximum security and protection for their users. But in the meantime, sometimes there are security features that are seen in the Coinbase Pro exchange and do not exist in the standard Coinbase exchange.
Two-step authentication
In both Coinbase and Coinbase PRO exchanges, it is possible to enable two-step authentication by sending an SMS to the verified number or using the Google Authenticator application.
Cryptocurrency Address White List
One of the features of Coinbase Pro is the ability to restrict cryptocurrency withdrawal addresses. Thus, withdrawals are made only to addresses selected by the user and no other addresses are supported. This feature is not found in the Coinbase exchange.
Domestic wallet
Both exchanges offer a built-in wallet to hold users’ Cryptocurrencies. These wallets are sufficiently secure, but the users’ assets are under the control of the exchange, and they have provided a so-called custodial wallet for their users.
Store users’ assets offline
Up to 98% of the assets in Coinbase and Coinbase Pro exchanges are stored and protected offline in hardware wallets. This feature keeps digital assets out of the reach of hackers and increases the security of users’ assets.
FDIC insurance
If your assets are in US dollars up to $250,000, your account will be covered by FDIC insurance by Coinbase and Coinbase Pro. But the important point is the lack of support for crypto assets in this insurance.
Tradable Cryptocurrencies
With more than 4,000 cryptocurrencies on the market, Coinbase and Coinbase Pro exchange only support cryptocurrencies which have sufficient trading volume and do not violate US law.
The minimum purchase limit is $2 at Coinbase Exchange and 0.001 BTC, 0.01 BCH, 0.01 ETH, or 0.1 LTC at Coinbase Pro Exchange. These two exchanges offer almost the same cryptocurrencies and you can see the supported currencies through the following link.
Features of Coinbase and Coinbase Pro
Both exchanges offer a variety of features such as easy trading, sufficient security to protect their users’ information and assets. In the following, we have compiled the most important features that are unique to each platform for you to make your decisions with full awareness.
Coinbase Pro Features
The Coinbase Pro Exchange offers much more professional trading features than the Coinbase Exchange. In this version, users can use the ordering feature in transactions to implement the loss or profit of their transactions automatically.
Advanced price charts and analytics tools are also available to users at the Coinbase Pro exchange. Users can view changes in the price of cryptocurrencies over a period of one minute to a month, as well as use tools such as moving average prices to increase the accuracy of their analysis.
Coinbase Features
In Coinbase Exchange, trading features are much simpler, but on the other hand, features such as free training and earning money by participating in training courses are only available in this version.
Coinbase also provides price alert tools for users who want to set a price so that when the price of that cryptocurrency reaches that range, a message will be sent to them automatically.
Conclusion
Finally, considering the features offered by the two big exchanges, Coinbase and Coinbase Pro, it is easy to understand that if you are a professional investor and fluent in the basics of trading in financial markets, Coinase Pro is the best choice for you.
On the other hand, if you are a newcomer and you are learning the knowledge of trading in the financial market, Coinase Exchange with a simple user interface is a better option for you than other exchanges.
The end words
At Adaas Capital, we hope that by reading this article you will be fully immersed in What are differences between Coinbase and Coinbase Pro. You can help us improve by sharing this article which is published in Adaas Investment Magazine and help optimize this article by submitting your comments.
References
FAQ
What Is Coinbase?
Professional investors recognize Coinbase as one of the largest and most legal exchanges providing cryptocurrency trading services.
What is Coinbase Pro?
Professional version by providing various services such as price charts and a variety of methods for registering purchase or sale orders for professional investors.
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