Coinbase Fee Vs Coinbase Pro Fee

The Coinbase Pro cryptocurrency trading platform is in the process of shutting downwardly for proficient. If yous're still using Coinbase Pro, your funds will automatically motion to Coinbase's main platform unless you carry out the transition yourself.

The shutdown comes after Coinbase added aspects of Coinbase Pro — including its lower, volume-based trading fees — into a feature known equally "Advanced Trade."

Coinbase said the motion is ongoing, and that customers can move their assets through a 1-click procedure on its service.

"Your funds are ever safe and secure with Coinbase, and your rest will exist available to trade instantly," the company wrote in an email to customers in late 2022.

How to migrate from Coinbase Pro

If you're a Coinbase Pro client who wants to continue using Coinbase services later on the transition, the process for moving your funds is relatively unproblematic. When you open Coinbase Pro, yous should come across a imprint at the acme of the screen. Select the option that says "transfer funds."

If y'all're in the middle of trading, y'all can likewise use your portfolio view to move your funds to Coinbase's chief service. Here'southward how:

How Coinbase services fit together

Both Coinbase and Coinbase Pro are run past Coinbase, i of the most popular cryptocurrency platforms in the Usa. The combined service will remain gratuitous to sign upward, equally both of its predecessors were. The company does have a subscription service called Coinbase 1, which offers no-fee trades and other benefits in exchange for a monthly fee of around $30.

The "Advanced Merchandise" features take been added to the main service to beef up what had been a simpler interface that might entreatment to beginners. Though those features remain, y'all can at present employ the basic service to toggle to a mode that offers lower fees for some transactions and additional data tools.

If yous're selecting an exchange for the first time, information technology's worth noting that Coinbase has several formidable competitors. (Encounter how Coinbase stacks upwardly amidst the

other crypto exchanges and platforms.
)

If yous've already decided on Coinbase, here are some details on how Advanced Trade volition affect you:

Fees

One advantage that Coinbase Pro has traditionally offered is trading costs that are more than predictable and potentially lower than those on the company's bones product. Just this will exist changing as Coinbase beefs up its core service.

Avant-garde Trade users pay upward to 0.6% per trade, based on a maker-taker model that also provides discounts for high-volume traders. This is like to the structure previously offered on Coinbase Pro.

Coinbase clients who don't utilise Pro or Avant-garde Trade, on the other paw, pay fees that vary based on factors including:

Coinbase will inform you of your fees earlier you finalize your transaction.

Trading and selection

Historically, Coinbase's basic service users have been incentivized to buy and sell cryptocurrencies using fiat currency such as U.South. dollars. While it is possible to trade cryptocurrencies for one another, Coinbase charges a fee to do that on its archetype platform.

Coinbase Pro users, on the other hand, have been able to merchandise digital assets for one some other in what is known as crypto-to-crypto pairs without the fees found on the basic service.

Now, as Coinbase rolls out Advanced Trade more broadly, all users will be able to apply crypto-to-crypto pairs. There are more 500 trading pairs bachelor for Avant-garde Trade, co-ordinate to Coinbase.

All told, Coinbase has more than 170 cryptocurrencies available.

Staking and rewards

One of the cardinal advantages of Coinbase's core service is that it allows users to earn rewards past holding certain cryptocurrencies on its platform. Coinbase Pro does not offer such a benefit.

One program Coinbase offers involves

crypto staking
, which is a process by which digital nugget owners tin can earn additional cryptocurrency in substitution for helping to verify transactions on an underlying blockchain network.

While this tin be challenging for beginning users to set upwards from scratch, exchanges such as Coinbase will do it for you, and pay you lot a portion of their rewards.

Mobile app

For at present, Coinbase does take apps on Android and iOS for both its basic service and its Pro offering, but going forward, the primary app will host both the basic and advanced services.

Security

Overall, Coinbase says it has taken a handful of steps to secure customers' avails. It says cash held on its platforms is subject area to Federal Deposit Insurance Corp. coverage up to $250,000.

And it has said in regulatory filings that information technology has insurance that would cover a portion of the crypto assets it holds in the outcome of a alienation. Coinbase said most half dozen,000 customers' holdings were breached in 2021, but it had fully repaid afflicted users.

Coinbase's bones service and Pro have mostly similar security features, though the company says that Avant-garde Merchandise offers some protections that were not bachelor with Pro. These include the ability to use its Coinbase Vault service, which allows users to identify additional restrictions on crypto withdrawal.

However, information technology's important to note that crypto exchanges can be targets for hackers because of the corporeality of value they shop. If you want more control over the security of your digital avails, consider using your own

crypto wallet

to shop the data that allows you to access your holdings.