Apr 24, 2022
This article looked at the two account types available on the site and compared them based on their features, pricing structures, and supported currencies. Both plans outperform the competition in terms of security and convenience of use. Even though Coinbase charges higher fees, it is designed for new consumers to bitcoin investment. Coinbase Pro provides a greater variety of transaction types at cheaper rates, making it an excellent choice for busy traders.
Sign up with the coupon code INVESTO10 and get $10 in Bitcoin. In addition to being incredibly dangerous and speculative, investing in cryptocurrencies, Decentralized Finance (DeFi), and other Initial Coin Offerings (ICOs) may be extremely volatile. Before making any financial choices, it is recommended that you consult with a certified specialist. Although we do not suggest investing in cryptocurrencies, the information included in this article cannot be guaranteed to be accurate or up-to-date.
Different user types may be accommodated on the platform; Coinbase provides excellent features for beginning investors, while Coinbase Pro provides investors with the robust feature set necessary for active traders. You'll gain the following benefits from Coinbase and Coinbase Pro:
Each account type includes a highly rated mobile application that provides a comparable experience to what you'll find in a web browser but on your phone.
Various functionalities are accessible in more than 100 countries. However, some are restricted. For example, if you reside in Hawaii, you will be unable to utilize the platform, and if you live in Mexico, you will be unable to sell on the site.
Both Coinbase and Coinbase Pro accept fiat currencies such as the United States dollar, the British pound, and the euro. Furthermore, you can select from more than 50 other currencies across both platforms. However, there are notable distinctions, with Coinbase supporting Bitcoin Satoshi Vision (BSV) but not Golem (GNT) or the Loom Network (LOOM). Coinbase Pro allows you to purchase LOOM and GNT, but not BSV. Among the coins that are supported by both account types are well-known cryptocurrencies such as:
Compared to digital exchange services such as Gemini, Coinbase and Coinbase Pro provide a greater range of cryptocurrencies to their users. Coinbase, on the other hand, lags behind some of the greatest cryptocurrency exchanges, such as Binance.
When it comes to Coinbase and Coinbase Pro, the platform's high degree of security is similar to Coinbase. The bitcoin exchange also has a direct listing on Nasdaq, which varies from an initial public offering (IPO) but still involves the sale of stock shares to members of the general public and institutional investors. All accounts are protected by a two-factor authentication (2FA) method and biometric fingerprint logins for further security. AES-256 encryption is used to protect digital wallets and private keys. Of course, it is your responsibility to create a safe and strong password. Aside from that, you can store your cash in your own personal offline cold storage account with Coinbase Pro.
The pricing structures of the best Coinbase and Coinbase Pro are different, with Coinbase being more costly and difficult to comprehend than Coinbase Pro. Coinbase Pro is less expensive and operates on a maker-taker model. On the other hand, the costs vary depending on your location and payment type. To avoid incurring access fees, trade on the Coinbase Pro platform or pay money out of your bank account or digital wallet instead of using your credit card. Even though Coinbase costs are equivalent to those charged by other exchanges, the charges may rapidly accumulate.
All of Coinbase and Coinbase Pro functionality are accessible via a web browser, so there is no need to download anything to get started with them. There is a mobile application for both versions that are easy to use. Due to the ease with which Coinbase may be used, it is the easiest alternative for newbies. It only enables buying and selling, so you may start investing when you open the app or log into your web browser. Coinbase Pro might seem intimidating since it provides a plethora of additional information and extensive reporting capabilities.