Brief Comparison between CoinBase & CoinBase Pro

The modern and digital era changed the whole system of finances and economic functions. Exchanges started to become more convenient, fast, and accessible. Unlike the traditional way of operating finances and sales when these functions were more time taking and seemed like a hassle. More info visit bwcevent.com website

Nowadays, everything works and progresses with a click. Similarly, the finance sector has become more feasible and more accessible to its regular users and, in general, everyone. Many emerging firms like the Bitcoin Trading platform have understood the value of adopting new, practical, and latest trends in financial operations, including digital currencies.

Digital currencies are also known as cryptocurrencies. As their name suggests, these cryptocurrencies function as cryptographic codes accessible only through specific private and public keys. One of the functioning cryptocurrencies is CoinBase. 

This blog post will briefly compare CoinBase and CoinBase Pro at their best level.

Comparison between CoinBase & CoinBase Pro

Even though CoinBase and CoinBase Pro are tech-friendly platforms owned by none other than Coinbase Global Inc., they offer some distinguished facilities to their users. CoinBase is more targeted toward new emerging traders and investors, whereas Coin Base Pro focuses on facilitating regular and known traders and investors. 

Both exchanges are top-rated, and millions of dollars are traded and generate high revenues. Both platforms’ basic setup is to facilitate users in dealing with cryptocurrencies, selling, and buying.

The most notable and significant difference between these two boards is their layout and interface. CoinBase offers accessible facilities for beginners, whereas CoinBase Pro offers professional and advanced-level amenities and innovative options to high-end investors and users. This way, the advanced users can quickly gain more control over their funds and exchanges.

After in-depth research, some differences are based on the features of both platforms.  

Features of CoinBase and CoinBase Pro

Both platforms have different users and audiences, as mentioned earlier. Therefore, their features might resemble in a way, but they also differ from each other to fulfill their objectives. 

Both platforms offer digital and online applications that work and offer similar understandings to website browsers. 

Similarly, both platforms are offering virtual wallets to access crypto funds. However, CoinBase only facilitates hot wallets that support many digital currencies. CoinBase is a user-friendly platform that educates its users on the essential requisites of using CoinBase and guides them throughout. 

CoinBase Pro, just as the name suggests, has an advanced and innovative interface that allows its experienced users a professional trading experience. Unlike CoinBase, which offers trading options like selling, buying, and receiving payments, the Coin Base Pro application provides advanced opportunities and choices for trading, like a limit order, margin order, and stop order.

Exchanges supported

It is essential to have various choices when choosing which digital currency to use for trading and purchasing. Therefore, an exchange platform offering as many currencies as possible inevitably offers a win-win result for everyone. CoinBase and Coinbase Pro, both of these platforms, offer a diversity of cryptocurrencies.  

Most of the popular cryptocurrencies, including the fiat currencies, are supported by both platforms, but some cryptocurrencies like GNT or LOOM are only available and supported by CoinBase Pro. 

Security

The most needed feature demanded by every financial investor or beginner is security. Every investor seeks the best protection before choosing any exchange platform. Fortunately, both CoinBase and CoinBAse Pro offer an extraordinary level of safety and protection. 

Federal Deposit Insurance Corporation FDIC provides protection to all USD cash funds and balances. Coinbase keeps almost 98% of the consumer’s finances and monetary funds in cold storage. The leftover percent is used by the platform’s insurance that covers any mishap. 

Charges and Fees

As facilities differ on both platforms, so do their charges accordingly. A complex ideology and process to understand, but CoinBase charges a bit more than CoinBase Pro. 

Coin base pro efficiently uses the maker-taker approach and uses tiers that allow the platform to trade with comparatively lower expenditures. 

Convenience in usage

Both platforms are manageable and easily accessible. Coinbase has a simple edge best for beginner level, while Coinbase pro might seem a bit complex initially but is stress-free to practice for professional users.