In the crypto industry, Coinbase is serving its services since 2012 and continuously growing its prominence among crypto. Now, Coinbase launches a new tool “Coinbase.com/advanced Trade” to attract seasoned traders.
Well! There is something to notice Coinbase is shutting down its Coinbase Pro platform, from now you will be able to access all the features of Coinbase Pro in the Advance trade platform. But there are several differences between Coinbase Pro and Coinbase advanced trade. So, take a look into a few key differences between Coinbase Pro and Coinbase advance so that you will be able to analyze how Coinbase advance trade is more beneficial than Coinbase Pro.
Key traits of Coinbase advance trade:
Fees: The maker fee is lesser than or equal to 0.4% and the taker fee is lesser than or equal to 0.6%
- Defi incentives: Receive rewards of up to 5% APY on your USDC, ETH2, DAI, ALGO, ATOM, and XTZ
- Types of orders: Market limit, and Stop limit orders
- Featured charts: TradingView-powered charts with EMA, RSI, MA, MACD, tool for drawing and Bollinger Brands
- Facets of security: Security features include 2FA, mobile biometrics, FDIC's insurance for up to $250K holdings, YubiKey for mobile devices, Coinbase Vault, and address whitelisting
- Availability of mobile app and trading API: The Coinbase mobile app for advanced trading and the trading API are both accessible. The Coinbase advanced trade API is a forthcoming product that will be made available soon
Key traits of Coinbase Pro:
Fees: The maker fee is lesser than or equal to 0.4% and the taker fee is lesser than or equal to 0.6%
- Defi incentives: Not supported on Coinbase Pro
- Types of orders: Market limit, and Stop limit orders
- Featured charts: Fundamental charts with 2 indicators (EMA12 and EMA26)
- Facets of security: Security features include 2FA, mobile biometrics, FDIC's insurance for up to USD 250K holdings, and address whitelisting
- Availability of mobile app and trading API: The Coinbase Pro mobile and the trading API both are accessible
Bottom line:
After taking the overview of major differences, you are now well-versed with Coinbase Pro and Advanced trade both. Coinbase Pro was a trading platform for advanced traders which is now replaced with the Coinbase.com/advanced Trade tool. It is designed especially for seasoned traders with a few additional sophisticated trading tools to enhance users’ experience.
