Coinbase Pro even offers API access if you want to incorporate bot-based trading as part of your strategy. In addition, more detailed tools and information are available when using the Pro platform, including real-time order books, advanced charting tools, and trade history. This allows traders to use advanced strategies to execute their cryptocurrency transactions and hopefully earn more significant returns. The Pro version of the crypto exchange provides features active traders likely want access to, including stop and limit orders rather than just market orders. The maker fee is 0.15% for traders with $50,000 to $100,000 in trades, while the taker fee is 0.25% for the same trade dollar amount range. The maker fees (for orders that provide liquidity) are more favorable than the taker fees once you reach the $50,000 trading average over the last 30 days. For example, on a $5,000 transaction, the 0.60% fee would amount to $30, but the 0.20% fee would only amount to $10. The taker fee (for orders that take liquidity) is 0.60% if you traded less than $10,000 over the last 30 days, but it decreases to 0.20% if you traded $100,000 to $1,000,000 over the same period. The fee percentage also decreases as the dollar-amount volume you trade over the previous 30 days increases. This is the same percentage-based fee that changes based on the kind of buyer or seller you are. Instead, it uses the same maker-taker fee model. Neither platform uses a flat or variable dollar-amount fee based on the payment type, which Coinbase used to do. In addition, Coinbase Pro supports more than 170 cryptocurrencies, although some specific crypto pairs aren’t allowed in the state of New York.įollowing the fee update on March 2022, Coinbase Pro now shares the same fee model used by Coinbase. Like Coinbase, Coinbase Pro supports buy, sell, send, receive, and conversion transactions. Surprisingly, there isn’t an extra one-time or subscription fee to sign up for a Coinbase Pro account. It isn't its own brokerage but is instead a different service that Coinbase offers. How does Coinbase Pro work?Ĭoinbase Pro, which the company renamed from its old GDAX brand, takes cryptocurrency transactions to the next level and targets more sophisticated investors. The maker fee ranges between 0.00% and 0.40%, depending on your trading volume. These trades go into the order book until another customer makes a matching order. The exchange also charges a maker fee for trades that are not immediately matched by an existing order. This taker fee ranges between 0.05% and 0.60%, depending on the volume of your trades over the past 30 days. There is a taker fee for immediate trades placed at market price. It updated its fee structure in March 2022 to reflect the future goals of the exchange. Additionally, It might take some time for the funds to reach your account, so your cryptocurrency transactions might not be completed until your funds clear.Ĭoinbase does charge fees to use their cryptocurrency exchange. You could fund your account with a bank transfer using either an ACH or wire transfer, but fees may be associated. To use the service, you could fund your account in several ways. You don’t have to pay a fee to sign up for an account either. There aren’t advanced features you have to learn to use the platform, such as stop or limit orders. The service targets cryptocurrency beginners by offering a simplified platform for crypto trading. Converting cryptocurrency is done in trading pairs, essentially pairing one cryptocurrency with another. They also allow you to convert cryptocurrencies from one to another for more trading options. People new to cryptocurrency who want to get their feet wetĭedicated cryptocurrency traders serious about investingĬoinbase provides its users a place to buy, sell, send, or receive more than 170 different cryptocurrencies by using fiat currencies, such as the U.S. Vault protection with time-delayed withdrawals.Automatically schedule recurring purchases.Advanced trading orders such as stop or limit orders.Buy, sell, trade, send, and receive cryptocurrency.Buy, sell, exchange, send, and receive cryptocurrency.Today, both platforms - Coinbase and Coinbase Pro - allow people to buy, sell, send, receive, and exchange various cryptocurrencies.ġ70+ cryptocurrencies are currently supported in the U.S., including: Instead, the CEO describes Coinbase as a decentralized company.Ĭoinbase was founded in 2012 to enable people to send and receive Bitcoin safely. But, surprisingly, the company doesn’t have a headquarters. Which cryptocurrency exchange should you choose?Ĭoinbase and Coinbase Pro are operated by the same company, Coinbase, Inc., which recently became a publicly-traded stock. 5 important differences between Coinbase vs.What both cryptocurrency exchanges excel at.
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