Logging in requires two-factor authentication to add an additional layer of security. Coinbase Wallet also allows users to store digital tokens or collectibles directly in the app. The wallet can be accessed on both iOS and Android, allowing users to trade from their mobile devices rather than logging in to the Coinbase platform. The Coinbase wallet offers a level of convenience and privacy many traders enjoy. But the Coinbase Pro pricing model is entirely different from the base version. There’s no fee to download Coinbase Pro-like the base version, the app charges a fee for every transaction that you make. If you don’t have a standard Coinbase account, Coinbase Pro will prompt you to set up a new account. Just like an online brokerage, Coinbase collects transaction and service fees whenever you place an order.Ĭoinbase Pro is a separate app, but you’ll need to use your login information from the base version. There aren’t any fees to download Coinbase or set up an account. Once you’ve logged in, you can navigate options to buy, sell, or trade cryptocurrency. You can access the platform on a web browser or through the mobile app for Android and iOS. Coinbase Pro, on the other hand, provides customers with extensive charting and trading capabilities, allowing them to have greater control. With only a few choices for placing orders, Coinbase provides a clean, uncomplicated approach to purchase and sell cryptocurrencies. The apps’ UI is the most significant distinction between the two systems. However, they will have some key differences. The user experience may look the same for Coinbase and Coinbase Pro. Coinbase Pro is a professional-level trading platform made for advanced active traders, whereas Coinbase is aimed at enabling newbie investors to make their first bitcoin buy. It’s similar to an online brokerage or investing app.Ĭoinbase and Coinbase Pro are two of the most prominent cryptocurrency exchanges, with yearly transactions totaling hundreds of billions of dollars. They’re both meant to make it easier for people to purchase, sell, and exchange cryptocurrencies.Ĭoinbase and Coinbase Pro are both owned by Coinbase Global, Inc., although they are quite distinct bitcoin trading platforms. While not every user has access to these features as of 2022, such capabilities are being phased in.īelow are several things to think about while deciding whether Coinbase or Coinbase Pro is the right cryptocurrency app for you.Ĭoinbase is an online platform in which you can buy and sell cryptocurrencies, like Bitcoin and Ethereum. However, comparing Coinbase vs. Coinbase Pro is becoming more challenging as the business continues to include several services formerly reserved for Pro into its standard service, for example, the ability to perform crypto-to-crypto exchanges. Basic Coinbase provides a simpler interface that may appeal to newcomers, but the Pro package includes more trading types, cheaper costs for specific transactions, and far more data tools. Both options are free to join, however, there are several significant differences between the two. For years, anyone signing up for Coinbase had to select whether to use the cryptocurrency platform’s basic service or its more powerful “Coinbase Pro” option.
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