Overview of Coinbase

Coinbase, Coinbase Pro, and Coinbase one are all the crypto trading exchange owned by Coinbase Global Inc.  Coinbase is aimed at beginners due to its simplicity and user-friendly interface, Coinbase Pro is ideal for advanced and active traders. As for Coinbase one, it is in beta now.

Coinbase One

Coinbase One beta is a subscription product that gives members access to:

$0 trading fees: Take your portfolio to the next level with no trading fees.

Dedicated 24/7 phone support: Speak directly with a Coinbase One beta team member for help with any of your issues.
$1M Account Protection: Keep your peace of mind knowing your account is protected from unauthorized access.
Note:

1. It waives the commission fee Coinbase charges for trades, but customers will still have to pay spread fees to buy or sell cryptocurrency.
2. It is available to a limited audience.

How to join Coinbase One beta?

You'll be notified via email or in the Coinbase app that you can sign up. If you’re a part of this beta launch, Coinbase One beta will be listed in your Settings when you sign into your Coinbase account from a web browser. If you sign up, your account will be charged a recurring monthly payment.
How to pay for Coinbase One beta?

You can pay for Coinbase One beta through a linked bank account (ACH) or use cash available in your USD balance.

Coinbase

Main platform features: Easy to use for beginners and can use PayPal to withdraw or sell

Fees: 0.50%-3.99%                                                                                            

Number of cryptocurrencies supported: 107

Security features: Two-step verification, biometric fingerprint logins, insurance in the event Coinbase is breached, FDIC-insured USD balances, AES-256 encryption for digital wallets

Types of transactions supported: Buy, sell, send, receive, and exchange

Maximum trading amount: Limits vary based on your payment method and region

Coinbase is geared towards retail consumers and cryptocurrency newcomers, and it aims to make purchasing, selling, and storing cryptocurrency as easy as can be. As one of the most popular cryptocurrency trading platforms, you will find most tokens available on the website.

 Instead of requiring users to trade on a market, Coinbase allows you to purchase Bitcoin, Litecoin, and Ethereum directly from them at a set price, and this price is typically very close to the current market price being traded on Coinbase Pro. In addition to cryptocurrency deposits, you can quickly and easily purchase coins and tokens with your debit card, bank account, or PayPal account.

If you are new to cryptocurrency, Coinbase will show you the basics and even allow you to earn free cryptocurrency as you educate yourself on the different types of cryptocurrency and take quizzes.

Coinbase Pro

Main platform features: Advanced charting features and crypto-to-crypto trading pairs

Fees: 0% to 0.50% per trade

Number of cryptocurrencies supported: 250+

Security features: Two-step verification, biometric fingerprint logins, insurance in the event Coinbase is breached, FDIC-insured USD balances, AES-256 encryption for digital wallets

Types of transactions supported: Buy, sell, deposit, withdraw, trade, stop order, time in force order, and limit order

Maximum trading amount: Unlimited

Coinbase Pro is a full-fledged cryptocurrency exchange for experienced investors and advanced users. It allows you to trade cryptocurrencies Bitcoin, Litecoin, and Ethereum, as well as EUR and USD fiat currencies using advanced charts.  In addition,  Coinbase Pro allows you to make high—value orders and also allows users to trade using stop and limit orders.
Coinbase Pro works similarly to traditional stock and forex platforms, but the platform does not provide an official wallet service, nor are they looking to introduce merchant services at this point. Customer USD funds in Coinbase Pro are FDIC insured. This means that your balance up to $250,000 is protected.
With some transactions having a 0 percent fee, Coinbase Pro is chosen by most investors doing large transactions to save on fee cost.
Coinbase Pro also allows trading of some cryptocurrencies before Coinbase offers them. For those with businesses that would like to accept cryptocurrency, Coinbase Pro has API integration, so you can keep your cryptocurrency balance all in one place.

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Coinbase vs. Coinbase Pro Full Comparison

Since Coinbase one is currently in beta, it is not yet fully open to the public. So next I will focus on the comparison of Coinbase and Coinbase Pro.

Coinbase vs. Coinbase Pro at a Glance

Coinbase vs. Coinbase Pro: Features

Coinbase and Coinbase Pro have many of the same features:

Crypto Wallet: Coinbase and Coinbase Pro provide a built-in crypto wallet to secure your private keys. The wallet provides a mixture of cold and hot storage, and the platform even provides coverage for a percentage of your holdings.

Broad Availability: Coinbase and Coinbase Pro are licensed and available in all U.S. states, except for Hawaii.

Educational Tools: Both platforms have educational videos that teach you about general topics about cryptocurrencies and crypto investing. Coinbase incentivizes you to watch these videos—you can earn over $100 in Bitcoin just by watching the videos and building your knowledge.

Coinbase Card: You can sign up for a Visa card that enables you to make purchases using funds from your Coinbase wallet.

Coinbase Pro has several unique features specifically geared towards investors well-versed in trading. Notably, investors can access real-time charts and averages. Other features of Coinbase Pro include:

More Cryptocurrencies: Coinbase Pro has more cryptocurrencies available for trading than the base version.
Multiple trade options: Coinbase Pro offers more control over your cryptocurrency trading, giving users access to multiple trade options. Stop orders allow users to set a sell price to limit their losses. Limit orders allow users to set a buy point if they think a cryptocurrency will drop in value, letting them purchase at a lower price.

Advanced charting: Coinbase Pro allows users to create advanced charting views, such as minute-by-minute trading and viewing the moving averages for each cryptocurrency. The standard view shows the candlestick chart of the high and low prices within a specific time frame, similar to advanced stock charting programs, as well as open and close prices. You can also add multiple overlays to view the 12-day and 26-day exponential moving averages (EMA) to give you more insights into how a cryptocurrency is performing.

API keys: Coinbase Pro gives access to their API keys, allowing third-party apps to integrate with your Coinbase account. 

Coinbase vs. Coinbase Pro: Fees

 Coinbase and Coinbase Pro differ in fee structures, with Coinbase being more expensive and complicated to understand. It charges a higher amount for either a flat rate or variable fee based on the payment method. Coinbase Pro costs less and uses a maker-taker approach,  with more or higher dollar transactions coming with lower costs.

Coinbase charges a flat fee of approximately 0.50% per transaction. This can vary due to market fluctuations, but on average will stay around 0.50%. 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 Pro charges less commission and believes in a maker-taker approach (A pricing structure in which a market provides an opportunity for its members to reap benefits by making the securities more liquid and assessing them a fee to remove liquidity). This exchange uses tiers by charging the lowest amount of fees on a heavy trading transaction. 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. The following is Coinbase vs. Coinbase Pro fee comparison table:

Coinbase vs. Coinbase Pro: Supported Currencies

There are over 4000 cryptocurrencies in existence, out of which investors can trade in more than 45 cryptocurrencies. Listed below are the coins offered on each platform:

Coinbase vs. Coinbase Pro: Security

The security on Coinbase and Coinbase Pro is the same. Both platforms are insured by the Federal Deposit Insurance Corporations for up to $250,000.

Moreover, all accounts have biometric fingerprint logins and two-factor authentication. Coinbase also has an insurance policy that covers cash losses.

 Coinbase vs. Coinbase Pro: Ease of Use

Both platforms are easy to use and very accessible. You don’t need to download anything to get started with Coinbase or Coinbase Pro, as all features are available using a web browser. Both versions come with a user-friendly mobile application.

Coinbase of more user-friendly compared to the Coinbase Pro. It is best known for its simplicity which only has basic transactions like buying, selling, and exchanging.  On the contrary, Coinbase Pro offers some advanced features and a lot more information to the users, making it difficult for beginners to understand the functionality completely. However, once you start using it, you will get to know all the features within a few days, and even Pro becomes easy to use.

Coinbase vs. Coinbase Pro: Supported Countries

Coinbase serves customers in the United States, United Kingdom, Australia, Austria, Sweden, Switzerland, Netherlands, Norway, Denmark, Finland, Slovenia, Spain, Malta, Monaco, Cyprus, Czech Republic, Singapore, Slovakia, Portugal, San Marino, Poland, Latvia, Liechtenstein, Ireland, Italy, Greece, Hungary, Canada, Croatia, Belgium, and Bulgaria.

Coinbase Pro currently operates in the United States, Singapore, Australia, Canada, and Europe (including UK)

Verdict

Both Coinbase and Coinbase Pro are well-known cryptocurrency exchanges in the decentralized finance universe. Coinbase is better for any investor who’s learning how to invest in cryptocurrency. It has all the features that someone just jumping into the crypto market could possibly need. The user interface is geared toward beginning investors, and Coinbase handles the security of your private keys. Plus, Coinbase incentivizes learning by giving you crypto for watching videos. What's the pity is the transaction fees are high, but beginning crypto investors are probably not going to make a lot of trades when they’re just getting started.

With advanced chart analysis and professional trading features, Coinbase Pro is better suited for advanced investors. Coinbase Pro users also enjoy minimal fees and fast bank transfers, making it easy to get your cryptocurrency quickly and securely from a nationally recognized platform. Its pricing model is more cost-effective if you’re going to execute a larger number of trades.

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