Coinbase, Exchanges

Is Coinbase Pro the Same as Coinbase?

Coinbase Pro is a digital asset exchange platform launched in 2016. The exchange is a subsidiary of Coinbase, one of the most popular cryptocurrency exchanges.

Coinbase Pro is designed for professional traders and features a more sophisticated trading interface than the regular Coinbase platform. The exchange offers a wider range of tradable assets than Coinbase and also provides lower fees, margin trading, and advanced order types.

While Coinbase Pro is a separate entity from Coinbase, the two platforms are closely linked. Both platforms are owned by the same company and share the same backend infrastructure.

This means that when you place an order on Coinbase Pro, it will be executed on the Coinbase exchange. However, there are some important differences between the two platforms that you should be aware of before you start trading.

Coinbase Pro offers a more advanced trading interface than Coinbase. The interface includes features such as candlestick charts and order books.

These tools are designed for professional traders and can be difficult to understand if you’re new to trading. Coinbase, on the other hand, has a simpler interface that is more user-friendly.

NOTE: This is a warning note to inform users of the potential risks associated with using Coinbase Pro and Coinbase. While Coinbase Pro may offer more advanced features than Coinbase, it is important to note that they are not the same platform. As such, users should take extra precautions when using either platform, as they may not be accustomed to the differences between them. Additionally, users should be aware of any fees associated with each platform and any other potential risks before making any transactions.

Coinbase Pro also offers lower fees than Coinbase. Fees on Coinbase Pro are charged on a per-trade basis and start at 0.1%. This is significantly lower than the 1% fee charged by Coinbase.

In addition, Coinbase Pro doesn’t charge any deposit or withdrawal fees. This makes it much cheaper to use than Coinbase if you’re looking to trade frequently.

Coinbase Pro also offers margin trading and advanced order types. Margin trading allows you to trade with borrowed funds, which can help you increase your profits (or losses) if used correctly.

Advanced order types allow you to set up more complicated orders, such as stop-loss orders or limit orders. These features are not available on Coinbase.

So, is Coinbase Pro the same as Coinbase? While there are some similarities between the two platforms, there are also some important differences that you should be aware of before you start trading. If you’re looking for a more advanced trading interface and lower fees, then Coinbase Pro is the better choice.

However, if you’re new to trading or prefer a simpler interface, then Coinbase might be better suited for you.

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