![]() It is not possible to use your debit or credit cards on the platform so only fiat currency can be used in this setting which could put off some investors. ![]() Coinbase Pro AdvantagesĬoinbase Pro has a different tone, making it harder for users to purchase cryptocurrencies. Needless to say, the ease of use of regular Coinbase accounts are what makes it so user friendly. But what is the actual difference between the two? Is there a difference in security? What if you want more featuresīeginner investors find the simplicity of using Coinbase appealing, while more experienced users will appreciate the advanced features offered by its counterpart, Coinbase Pro. What's the difference?Ĭoinbase and Coinbase Pro provide two different account options for buying cryptocurrencies with fiat currency (like USD or Euro).Ĭoinbase is like a brokerage that people can use to buy various currencies like Bitcoin (BTC) Ethereum (ETH), Litecoin(LTC) but it also provides a wallet to crypto walle to store your assets.Ĭoinbase Pro on the other hand is an exchange that allows trading pairs and allows investors to sell and buy with each other.īoth have a mobile app, which is great for active traders who like to trade on the go. Although, Coinbase Pro supports more altcoins). We will get more into the differences later.īoth accounts are free and offer the ability to buy and trade multiple kinds of cryptocurrencies. However, they are different in their functions. SimilaritiesĬoinbase and Coinbase Pro are both the same company. Users create a free account to buy cryptocurrencies from other users at the current market rates or engage in trading themselves if they so choose.Ĭoinbase will store any currency purchased until you decide sell, trade, or transfer to a different wallet. ![]() It was founded back in 2011 by Brian Armstrong, and it has been credited with playing a big role in today’s adoption levels for cryptocurrencies like Bitcoin (BTC), Ethereum (ETH) and Litecoin(LTC).Ĭoinbase (and Coinbase Pro) are crypto exchanges, meaning it functions as an online brokerage for buying and selling of all sorts. What is Coinbase and Coinbase Pro?Ĭoinbase is one of the world's most popular cryptocurrency exchanges. Read on to learn what changes the company made when changing the platform and bringing both the buying and exchange operations under one umbrella. If you’re wondering what the difference is between Coinbase vs Coinbase Pro, you’re in the right place. GDAX was the website professional traders used to build their fortunes.Ĭoinbase operated both of these platforms under two brands until recently when GDAX became Coinbase Pro. Coinbase is known as the place to go if you wanted to buy Bitcoin, Litecoin, and Ethereum. Coinbase and Coinbase Pro (formerly known as GDAX) are two of the most popular platforms in cryptocurrency trading.
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