When it comes to buying and selling cryptocurrency, Coinbase is one of the most popular platforms available. However, many people are unaware that there is a second platform offered by Coinbase called Coinbase Pro. Let’s take a look at the differences between the two platforms and what it means for your cryptocurrency trading needs.

First, it’s important to understand the history of Coinbase Pro. Previously known as GDAX, Coinbase Pro was launched in 2015 as a professional trading platform for more experienced cryptocurrency traders. In 2018, Coinbase announced that GDAX would become Coinbase Pro, and the exchange would still offer advanced trading features for those who prefer a more sophisticated trading experience.

One of the main differences between Coinbase and Coinbase Pro is the user interface. Coinbase is designed to be user-friendly and accessible to beginners, while Coinbase Pro is geared towards more experienced and advanced traders. Coinbase Pro offers a variety of trading tools, such as advanced charting and real-time market data, that Coinbase does not.

Another significant difference is the fees. Coinbase charges a standard fee of 1.49% on each transaction, while Coinbase Pro charges a tiered fee structure based on trading volume. The more you trade on Coinbase Pro, the lower your fee will be. This means that higher volume traders will likely benefit from using Coinbase Pro over Coinbase.

Coinbase Pro also offers more cryptocurrencies for trading than Coinbase. While Coinbase currently offers 40 different cryptocurrencies, Coinbase Pro offers over 90, making it more appealing to traders who are interested in a wider variety of cryptocurrency options.

Lastly, Coinbase Pro also offers margin trading, which allows traders to borrow funds to increase their buying power. This is a feature that Coinbase does not offer, and it can be a useful tool for experienced traders who want to maximize their returns.

In conclusion, Coinbase and Coinbase Pro both offer significant benefits to cryptocurrency traders, but they serve different purposes. Coinbase is designed for beginners or those who prefer a more straightforward trading experience, while Coinbase Pro is geared towards more experienced traders who value advanced trading features and lower fees. Understanding the differences between the two platforms can help you make an informed decision about which platform is right for your individual needs.