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In this episode, We will discuss in detail Coinbase vs. Coinbase Pro.
The world of cryptocurrencies is spinning out of control as newer and more advanced technology keeps pouring in every other day. From trading platforms to different security wallets and tons of different sorts of cryptocurrency exchanges out there, the numbers just keep growing. In all such times, picking the best final product can be hard if one isn’t aware of all that the exchange offers to them.

Coinbase or Coinbase Pro?
One exchange known worldwide for its user-friendly interface, high-level security measures, and strict regulations is Coinbase. Founded a decade back in 2011, Coinbase has now evolved from a basic tool to an essential for crypto users out there. However, Coinbase is segmented into different categories for different users, such as Coinbase and Coinbase Pro.

Let’s take a look at both.

Before we dive headfirst into the differences between the both, some elements are the same in both the segments. Both Coinbase and Coinbase Pro don’t require any sort of charges from investors when they try to sign up or create their accounts. With that said, there are major dissimilarities as well, such as:

1. Features
The first and foremost difference is that of the number of features available for the users. Those using Coinbase can get a simple and user-friendly interface. Through this, they will be able to purchase, sell and even carry out exchanges for cryptocurrency. Un Coinbase, the price which is quoted is present in the form of USD.

On the other hand, Coinbase pro, as the name indicates, provides a much more equipped platform for pro users. There are different types of orders available, and the fees required per trade are somewhat lower.

2. Fees
While we just said that the fees are somewhat lesser, if you are interested in investing, you would want to get the exact digits. By using Coinbase, users are required to pay 0.50% per trade. Furthermore, an additional amount of 1.49% will be required for Coinbase wallet purchases or a bank account. Moreover, an additional 3.99% is required when credit card purchases are made.

Through Coinbase Pro, users will have to live somewhere from 0 to 0.5% trading and purchase fees, $25 for wire transfer withdrawal, and around $0 for wire transfer deposit.

3. Security and Crypto Supported
With Coinbase and Coinbase Pro, the security features offered are more or less the same such as cold storage and multi-signature wallets, 2FA via SMS, etc., but the Pro one comes with an additional security feature of whitelisting the pre-approved addresses making the transactions safer and easy to handle. Coinbase Pro also supports 47 cryptocurrencies, while Coinbase can tackle 44 cryptocurrencies.

Which is Better?
The decision for which of the two is better depends upon the user and their preferences. If a beginner uses the exchange, then Coinbase would be a better option as a pro would be too complicated. But if low fees and elements such as advanced trading options is their preference, then Coinbase Pro is the way to go.

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