Coinbase vs. Coinbase Pro: Is the Upgrade Worth It?

Bitcoins placed beside Coinbase App on iPhone, illustrating one of the largest Bitcoin providers, photographed in Cologne, Germany, 14th of April 2021.
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Coinbase and Coinbase Pro are well-known cryptocurrency exchanges in the decentralized finance universe. While Coinbase is aimed at beginners due to its simplicity and user-friendly interface, Coinbase Pro is ideal for advanced and active traders.

In this Coinbase vs. Coinbase Pro comparison guide, GOBankingRates takes a look at the similarities and differences between the exchanges to determine if the latter is worth the upgrade.

Here’s a look at some of the integral features of both platforms, such as usability, fees, security and supported transaction types, as well as the mobile app features of each.

Coinbase vs. Coinbase Pro: A Quick Glance

If you want a quick analysis of both exchanges, here is a table summarizing their notable features:

Features Coinbase Coinbase Pro
Usability Best for beginners Ideal for active traders and advanced users
Supported Cryptocurrencies Hundreds of cryptos supported Hundreds of cryptos supported
Transaction Types Buying, selling, exchanging, receiving, storing Buying, selling, withdrawing, depositing, storing and trading. Also supports time in force orders, limit orders and stop orders
Security Features – Two-step verification
– Insurance for an instance in which a Coinbase breach occurs
– Biometric fingerprint login
– AES-256r encryption for digital wallets and private keys
– FDIC insurance for USD balances held in cash
– Two-step verification
– Insurance for an instance in which a Coinbase breach occurs
– Biometric fingerprint login
– AES-256 encryption for digital wallets and private keys
– FDIC insurance for USD balances held in cash
Maximum Trading Amount Depends on the region and payment method as well as account level Unlimited across orders; limit per order varies
Fees – 1% cryptocurrency transaction fee
– 2% for credit purchases
– 2.49% for purchases made with other cryptocurrency, including ATM withdrawals, using Coinbase Card
– 1% for conversions with Coinbase wallet purchases
– 0.50% spread
0% to 0.60% for each trade
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As you can see, there are a lot of similarities between the two, but with a more comprehensive interface, Pro is designed for advanced users and active traders — and it’s less expensive.

Mobile Apps

The Coinbase mobile app is available for Android and iOS. It allows you to do the following:

  • Send Bitcoins: You can send supported cryptos to your buddies. Likewise, the app lets you send crypto to merchants who accept it as a form of payment.
  • Request Bitcoin: You can also request crypto from your friends through the app.
  • Access Accounts: The app lets you access your Coinbase vaults and wallets. Plus, you can check the transaction details.
  • Buy and Sell: All you have to do is connect the app to your bank account. Then, you can buy and sell crypto on the go.

The Coinbase Pro mobile app was launched in October 2019, and the company released the Android version in July 2020. It includes all the basic features of the Coinbase app, plus:

  • Real-time candlestick charts
  • Depth charts
  • Advanced order types
  • Intuitive shortcuts
  • Order books

The Coinbase Pro app is available to customers in over a hundred countries worldwide.

Transactions

Both platforms allow transactions, such as receiving, sending, buying and selling. However, Coinbase Pro has some additional options, such as margin orders, limit orders and stop orders.

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User Education

Both options come with a wide range of video tutorials, guides and how-to articles to help crypto enthusiasts learn about market trends and stay updated.

Availability

Coinbase and Coinbase Pro are available in more than 100 countries. However, some transaction types are restricted in certain regions.

Coinbase vs. Coinbase Pro: Supported Currencies

Both Coinbase and Coinbase Pro offer hundreds of cryptocurrencies for you to choose from. They also accept fiat currencies for purchases, like euros, U.S. dollars and British pounds.

Some popular altcoins on the platforms include ethereum, litecoin, bitcoin cash, uniswap, aave and stellar lumens.

Coinbase vs. Coinbase Pro: Fees

The biggest difference between Coinbase and Coinbase Pro is the fee structure.

Coinbase Pro is cheaper, and fees differ based on the amount of the transaction. Here is how it works:

  • On a transaction less than $10,000, you will pay a taker fee of 0.60% or maker fee of 0.40%.
  • On a transaction of $10,000 to under $50,000, you will pay a taker fee of 0.40% or a maker fee of 0.25%.
  • On a transaction of $50,000 to $100,000, you will pay a 0.25% taker fee or a 0.15% maker fee.
  • On a transaction of $100,000 to $300,000, you will pay a 0.10% taker fee or a 0.02% maker fee.
  • On a transaction of $300,000 to $500,000, you will pay a 0.08% taker fee or a 0% maker fee.
  • On a transaction of $500,000 and up, you will pay a 0.05% taker fee or a 0% maker fee.
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The taker fee is 0.01% and maker fee is 0% for these stable pairs on Coinbase Pro:

  • DAI – USDC
  • DAI – USD
  • BUSD-USD
  • PAX – USD
  • PAX – USDT
  • USDC – EUR
  • USDC – GBP
  • USDT – EUR
  • USDT – GBP
  • USDT – USDC
  • USDT – USD
  • UST – USDT
  • WBTC – BTC

If you want to avoid fees, it would be best to trade on Coinbase Pro. When trading on Coinbase, your fees can quickly add up. Whereas the maximum transaction fee on Coinbase Pro is 0.60%, Coinbase charges a flat fee of 1% on all cryptocurrency transactions, 2.49% for purchases made with the Coinbase Card and a 0.50% spread, which is included in the cryptocurrency price.

Coinbase Pro Fiat Currency Deposit and Withdrawal Fees

The table below shows the fees on depositing and withdrawing fiat currency from your Coinbase Pro account:

Currency Type Deposit Withdrawal
ACH $0 $0
Wire (USD) $10 $25
SEPA (EUR) €0.15 €0.15
Swift (GBP) £0 £1 GBP

Coinbase Pro does not charge any fee for signing up. You do not have to pay any fees for holding your funds either. You can keep funds in your account for as long as you want.

Coinbase Fees

Coinbase seems to have a fee for just about everything except ACH transfer. Here is how the platform’s fees compare to Coinbase Pro.

Fees Coinbase Coinbase Pro
Credit 2% 0%
Crypto conversions from Coinbase Wallet 1% 1%
Purchases made using cryptocurrency, including ATM withdrawals 2.49% 0%
ACH transfer 0% 0%

It is important to note that these fees could fluctuate, depending on the size of your order, market liquidity and volatility. The fees will be calculated when you place your order.

Coinbase vs. Coinbase Pro: Security

The security on Coinbase and Coinbase Pro is the same. Deposits on both platforms are insured by the Federal Deposit Insurance Corporation’s 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, excluding trading losses.

Coinbase vs. Coinbase Pro: Usability

Both platforms are easy to use and very accessible. With either service, you can use either the web browser or mobile app to conduct transactions.

Since Coinbase only has basic transactions like buying, selling and exchanging, it is easier to use for beginners. Meanwhile, Coinbase Pro has more features and information. It might seem daunting to beginners and could be overwhelming if the user is not educated on advanced crypto trading.

However, it is easy to get the hang of both platforms after using them for a short while.

Is Coinbase Pro Worth the Upgrade?

Coinbase has all the features that someone just jumping into the crypto market could possibly need. Coinbase Pro, on the other hand, is worth the upgrade for users who are familiar with advanced features and understand how limit, stop and margin orders are imposed on their assets. There’s no fee to have a Coinbase Pro account.

If you are a beginner, Coinbase Pro may be too intimidating for you. Similarly, Coinbase could be restrictive for users who want to explore every avenue of crypto trading.

If you want to save money on fees and feel comfortable navigating an advanced interface, Coinbase Pro may be the right choice for you.

GOBankingRates’ Crypto Guides

Daria Uhlig contributed to the reporting for this article.

Information is accurate as of June 10, 2022, and is subject to change.

Editorial Note: This content is not provided by Coinbase. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by Coinbase.

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About the Author

Scott Jeffries is a seasoned technology professional based in Florida. He writes on the topics of business, technology, digital marketing and personal finance. After earning his bachelor’s in Management Information Systems with a minor in Business, Scott spent 15 years working in technology. He's helped startups to Fortune 100 companies bring software products to life. When he's not writing or building software, Scott can be found reading or spending time outside with his kids.
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