Coinbase is one of the most popular cryptocurrency exchanges, used by millions of investors around the world. Coinbase Pro is its professional trading platform, aimed at more experienced and institutional investors. So, what is the difference between Coinbase and Coinbase Pro?
Coinbase is much easier to use than Coinbase Pro and is therefore better suited for beginners. It has a more user-friendly interface and is more intuitive to use.
Coinbase Pro, on the other hand, is a more complex platform that offers more advanced features and tools. It is better suited for experienced and institutional investors who are looking for a more sophisticated trading experience.
One of the main differences between Coinbase and Coinbase Pro is the fees charged. Coinbase charges a flat fee of $4 for each transaction, while Coinbase Pro charges a variable fee that is based on the total value of the trade. For example, if you were to buy $100 worth of Ethereum on Coinbase, you would be charged a fee of $4. However, if you were to buy $10,000 worth of Ethereum on Coinbase Pro, you would only be charged a fee of 0.
1%. As you can see, the fees charged on Coinbase Pro are much lower than those charged by Coinbase.
Another key difference between Coinbase and Coinbase Pro is the cryptocurrencies offered. Coinbase offers a limited selection of cryptocurrencies, while Coinbase Pro offers a much wider selection.Coinbase currently only offers four cryptocurrencies – Bitcoin, Ethereum, Litecoin and Bitcoin Cash.
Trading on Coinbase Pro requires more research and analysis than trading on Coinbase, as the platform offers access to charts and other technical analysis tools. Additionally, fees are different between Coinbase and Coinbase Pro, so users should be aware of both before making a decision.
It is important to understand that there are risks associated with investing in cryptocurrency and users should carefully consider their investment objectives before trading on either platform. All investments involve risk and users should never invest more than they can afford to lose.
However, Coinbase Pro offers over 50 different cryptocurrencies to trade with. This makes Coinbase Pro a much better choice for investors who want to trade a wider range of cryptocurrencies.
Lastly, another key difference between Coinbase and Coinbase Pro is the minimum trade size. On Coinbase, the minimum trade size is $2 worth of cryptocurrency. On Coinbase Pro, the minimum trade size varies depending on the cryptocurrency being traded but is generally much higher than on Coinbase. For example, the minimum trade size for Bitcoin on Coinbase Pro is 0.
01 BTC (approximately $100). This means that investors who want to make smaller trades may be better off using Coinbase rather than Coinbase Pro.
In conclusion, there are several key differences between Coinbase and Coinbase Pro that investors should be aware of before choosing which platform to use. Overall, it seems that each platform has its own strengths and weaknesses and it ultimately comes down to personal preference as to which one you choose to use.