It is typically cheaper to send fiat money into Coinbase Pro and buy using its platform than it is to use Coinbase's main app. Pro has lower fees compared to Coinbase and is one of the world’s most liquid crypto exchanges. Coinbase 'Pro' is geared towards advanced users. There’s also an API key offered for algorithmic traders to build their own automated trading systems. Unlike Coinbase's main app, this product is an advanced trading platform suitable for retail and institutional investors alike.Ĭoinbase Pro lists over 43 cryptocurrencies over 125 trading pairs and the ability to view historical trading data and put on “limit” orders-a feature that allows users to specify exactly what price they want to buy or sell a coin at. Coinbase Pro for advanced tradingĬoinbase Pro turns this crypto experience up a few notches. It also has an Earn section where you can learn about the various coins it has on offer and get rewarded with some of those coins-making back some of those pesky fees. It's very simple to interact with and cuts out the confusing aspects of blockchain technology. On the other hand, the app is very easy to use and it has an excellent design.
COINBASE APP FEES PLUS
So, if you're buying $25 of cryptocurrency, you'll probably pay a fixed fee of $1.99 plus $0.12 in the spread-totalling $2.11, or around 8.4%. This is where you pay more for the cryptocurrency you're buying than the market rate-and Coinbase pockets the difference.
On top of that, it charges a 0.5% spread on the sale. When buying or selling cryptocurrency, the app charges either a flat fee between $0.99 to $2.99 or a fee that varies depending on a number of factors, whichever is greater. The app, however, is relatively expensive (particularly for small transactions). It's available both as a mobile app or as a web interface. It is the main app for retail investors who want to buy small amounts of cryptocurrency. Coinbase's main app is known simply as "Coinbase." It lets you buy a range of cryptocurrencies, store them in its in-built wallet and trade them for other coins.
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