The difference in fees between Coinbase and Coinbase Pro can be significant depending on what trades you are making. While Coinbase is a great way to help beginners get started, understanding how they charge fees for buying and selling crypto may help you save a lot of money. Coinbase charges a flat fee of approximately 0. This can vary due to market fluctuations, but on average will stay around 0.
Additionally, Coinbase charges extra fees based on the account used in the transaction. Here is a breakdown of how Coinbase charges fees based on account type:. Coinbase is best for buy-and-hold investors who want to purchase a currency and hold it for the long term. On the other hand, Coinbase Pro offers much lower fees, specifically geared toward active traders. They use a maker-taker fee structure, giving users discounts for the number of trades performed on the platform. Here is a breakdown of the Coinbase Pro fee structure:.
Coinbase Pro only allows bank account, wire transfer, or Wallet transactions; it does not accept credit card or debit card purchases. Coinbase Pro will lower your costs significantly, with an average of 0. If you are an active trader, Coinbase Pro offers some of the lowest fee trades on the market. When comparing Coinbase vs. Coinbase Pro, there are a lot of similarities. Both have access to similar currencies, both are regulated exchanges with insurance, and both offer extremely safe storage of your digital assets. If you are new to the cryptocurrency space, Coinbase is a great starting point.
With its simple user interface, simple charting, and user education built right in, you can become a crypto expert in no time. If you are looking to actively trade crypto and want access to advanced charting, spot trading, and extremely low fees, Coinbase Pro is designed for you. No matter which platform you choose, understand that investing in cryptocurrencies is highly speculative, so never invest more than you are willing to lose.
Both Coinbase and Coinbase Pro are cryptocurrency exchange platforms designed for buying, selling, and trading these currencies. They are designed to help users use their fiat money such as U. Both platforms are owned by Coinbase Global, Inc. They both offer protection for your deposited U.
If you are looking to start investing in crypto, or if you already own some crypto and want to actively trade them, both Coinbase and Coinbase Pro can help you achieve those goals. Coinbase is an exchange, meaning it functions as an online brokerage for buying, selling, and trading cryptocurrencies.
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Users create an account and add funds via a standard financial account or credit card to purchase cryptocurrency. Those funds are used to purchase cryptocurrency, and Coinbase will store that currency until you sell, trade, or move it to your digital wallet.
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For example: If you want to buy some Bitcoin , Coinbase would broker the transaction. You would create a Coinbase account, connect your bank account, and submit an order to purchase Bitcoin. You are exchanging U. Coinbase Pro functions the same way, allowing users to deposit fiat funds and exchange them into cryptocurrencies. The main difference is that Coinbase Pro does not allow purchases via debit or credit cards. The Coinbase Wallet is a secure digital wallet that allows you to hold your cryptocurrency in one place.
It has multiple layers of protection, including biometric access controls and a word recovery phrase. Coinbase Wallet is a popular choice for exchanging crypto and can be used on many decentralized applications. Coinbase is ideal for beginner investors who are just getting started with cryptocurrency. With its easy onboard and intuitive interface, Coinbase makes it simple to buy your first digital currency. Add in their user education section and crypto bonuses, Coinbase is a fantastic place for crypto newbies. Coinbase Pro is a solid platform for active crypto traders who do a high volume of transactions.
Account Options
When reviewing Coinbase vs. Coinbase Pro we compared each platform based on ease of use, fee structure, security, unique features, and support currencies. We also took into account the types of trades available on each platform and their relative cost to the wider cryptocurrency exchange market. While both platforms are owned by Coinbase Global, Inc.
In general, we feel that Coinbase is best suited for first-time crypto investors due to its simple interface and user education component. Advanced crypto traders should look at Coinbase Pro for its low-fee trading and more advanced charting and trading options. We publish unbiased reviews; our opinions are our own and are not influenced by payments from advertisers. Learn about our independent review process and partners in our advertiser disclosure.
By Jacob Wade. Coinbase vs.
Coinbase lets you convert one cryptocurrency into another – TechCrunch
Coinbase Pro: How do they compare? Coinbase Pro View All. Coinbase Pro. At a Glance.
Ease of Use. Final Verdict. Open Account. What We Don't Like Higher fees than most exchanges Tracks how users spend cryptocurrency No control over private keys. What We Like Low fees Advanced charting and trading options Two-factor authentication and cold storage Multiple trade options including stop and limit orders.
Coinbase Pro: Ease of Use Coinbase is designed with beginners in mind, offering a simple interface for buying and selling cryptocurrency. Coinbase Pro does not allow you to use a credit card for crypto purchases. Apart from the price of bitcoin itself, each cryptocurrency exchange adds a fee for trading, when customers purchase and sell coins.
These fees include Maker which add to the order book liquidity through limit orders and Taker which subtract liquidity from an order book through market orders fees. In some cases, cryptocurrency traders can incur maker as well as trader fees, if the limit order is already present in the order book. Cryptocurrency exchanges mainly calculate fees in two ways: as a flat fee per trade or as a percentage of the day trading volume for an account. There are four important things that traders must consider while purchasing cryptocurrencies.
Here is a brief comparison of trading fees for bitcoin at the current list of most popular exchanges by trade volume.
How Much Does It Cost To Buy Cryptocurrency At Exchanges?
This comparison does not take into account margin and leverage fees. Seychelles-based HCoin is one of the newest entrants into the cryptocurrency exchange field as of January HCoin's fees are dependent on the base currency and volume and are listed in a chart on the exchange's website. Estonian platform Coinsbit has a focus on security and on innovative offerings such as InvestBox, a low-cost, low-risk way for investors to make exploratory transactions involving new altcoins.
The exchange also has variable fees for deposit and withdrawal, depending upon the cryptocurrency, and with different minimums for each token as well. As of January 11, , the fee to deposit USD was 0. Some of the cryptocurrencies are free to deposit i. Additionally, new accounts are initially prohibited from making withdrawals. The third most popular cryptocurrency exchange by trade volume is BitForex, an exchange headquartered in Singapore and registered in Seychelles. BitForex offers a host of trading options, including margin trading, derivatives, and more. As such, this exchange has a more complex fee schedule than some of its peers on this list.
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For spot trades, BitForex charges 0. For perpetual trades, there is a maker fee of 0. Discounted rates are available for specialized market maker accounts on the platform. Deposits to BitForex are free, while withdrawals vary depending upon the currency involved. There are also minimum and hour maximum withdrawal levels associated with each cryptocurrency. Besides being a popular cryptocurrency exchange, LBank also supports innovation in the altcoin space through its "LBK Voting Listing" event, which pits 8 new cryptocurrency projects against one another for a chance to be listed on LBank for free.
LBank charges a taker fee of 0. Different cryptocurrencies are associated with various withdrawal rates set at fixed quantities of those cryptocurrencies themselves.
For instance, a user withdrawing bitcoin from LBank will be charged a flat fee of 0. There are also withdrawal minimums for each cryptocurrency that are also set as fixed quantities of the token in question. Interestingly, LBank does not indicate a maximum withdrawal over a hour period.
P2PB2B also sets minimum deposits and withdrawals in most cases and charges a variable withdrawal fee depending upon the cryptocurrency. Like LBank, withdrawal fees vary from token to token but are assessed as fixed quantities of tokens. Your Privacy Rights.
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