Coinbase Or Coinbase Pro Market Is Bigger?
Coinbase Pro and Coinbase operate in totally different segments of the market. Coinbase acts as a brokerage, buying and selling crypto at a retail level. Coinbase Pro acts as a crypto exchange, providing a platform for traders to speculate on the price action of various crypto pairs.
Coinbase Pro presents customers with a diverse offering of premium crypto markets to trade. Unfortunately, Coinbase it somewhat limited in its range of markets, with 58 pairs on offer. That’s not as many as Binance, who offer 612 markets
Still, Coinbase Pro sits in the top 50 exchanges in terms of daily volumes, and it has adequate levels of liquidity. Liquidity is essential to traders that want to minimize slippage in settling trades. Slippage is the difference in the price you get on your fill. Exchanges with the best liquidity reduce slippage, mitigating potential losses while maximizing profits for traders.
Which One Is Cheaper? Coinbase Or Coinbase Pro?
Coinbase and Coinbase Pro accept the same payment methods for deposits and withdrawals. This regulated exchange operates using KYC and AML policies, so you’ll need to verify your identity when you want to withdraw from the platform.
Users can transfer funds between Coinbase, and Coinbase Pro accounts instantly, with no transaction fees. Customers will also find it comforting that all Coinbase and Coinbase Pro accounts come with FDIC insurance for amounts up to $250,000.
Coinbase and Coinbase Pro charge 3.99% for credit card transactions, that’s a full 1% higher than the average credit card rate, which is already high. Bank transfers come with a 1.49% fee for buying, and on the exchange, the maker/taker system comes with costs of between 0.1% to 0.25%, depending on the volume you trade.
Coinbase Pro offers traders margin trading services, with allowance for up to 3X leverage on BTC/USD and ETH/USD, with a $10,000 limit. There is 2X leverage for BTC/EUR, with a limit of 3,000 EUR, and 2X for the LTC/USD pair, with limits up to $500.
Is Coinbase More User Friendly Than Coinbase Pro?
The Coinbase Pro trading platform offers you a world-class interface with real-time order books. You also get outstanding charting packages with technical analysis tools for better trading decisions. Coinbase Pro also works with the following order types.
- Margin Orders – Trade with up to 3X leverage on crypto/crypto and crypto/fiat pairs. Build small accounts fast if you can handle the risk.
- Stop Orders – Set your stop loss and never let the market catch you slipping.
- Limit Orders – Limit the price exposure to a pair when filling your order.
- Market Order – Set at the current market price.
Can We Trade Via Mobile In Coinbase And Coinbase Pro?
Coinbase Pro offers a mobile app for Android. However, after inspecting the app, we found it to be a very watered-down version of the platform. There’s limited functionality, and we wouldn’t use it for handling our trades. In areas where the connection is poor, you can expect the app to drop during trades.
We recommend that you avoid trading on your mobile device. You can use the app for monitoring price action and thinking about trading ideas. However, with the limited functionality and connectivity on offer, we suggest you avoid mobile and stick with the desktop platform instead.
Coinbase Or Coinbase Pro Has Better Support?
Coinbase and Coinbase Pro share the same support team. Unfortunately, both are terrible. You get the option of contacting an email ticket desk, with the same 24-hour response time. If you’re in real trouble with your margin account, then you’ll have to call the support team during office hours, Monday to Friday, from 6 am to 6 pm PT.