How Coinbase.com/advanced trade is different from Coinbase?
Last updated
Last updated
Along with the increasing interest of a lot of investors and traders in the crypto world, various crypto-related platforms are emerging in the market and offer various unique features to their users for managing cryptos. The crypto-related platforms mainly include exchanges and wallets. Each exchange and wallet offers different and unique features, because of this wide range of platforms sometimes it becomes difficult to choose which platform to use for crypto trading. If you are a user of the Coinbase platform and are unaware of Coinbase.com/advanced trade then you are at the right place.
Today, we will talk about Coinbase.com, one of the most reputed and well-known cryptocurrency exchange platforms that come with support for more than 250 cryptocurrencies including BTC, ETH, and more. It allows its users to buy, sell, send, receive, and trade available cryptocurrencies.
In this article, we will talk about how Coinbase.com is different from Coinbase.com/advanced trade on the basis of fees, transaction support, maximum trading amount, and security.
Coinabase.com is a well-known, and trustworthy cryptocurrency exchange platform available in the world. It offers a convenient way to trade a wide range of available cryptocurrencies for both beginners as well as advanced traders.
On the other hand, Coinbase.com/advanced trade is the advanced platform launched by Coinbase in the year 2022, especially for professional or experienced traders and investors. It was formerly known as Coinbase Pro which was created for providing more advanced trading tools, lower fees, high security, and many more unique features.
A fee is a more noticeable term while trading or investing in cryptocurrency on every crypto-related platform. In the comparison of Coinbase.com and Coinbase.com/advanced trade, we get to know that the advanced trade platform has much lower fees as compared to Coinbase. It charges a maker and taker fee of 0.4% and 0.6% which is based on the 30-day trailing volume by the user. On the other hand, Coinbase.com charges fees between 0% to 3.99%, varying by the type of transaction done by the user.
In the comparison of Coinbase.com and Coinbase.com/advanced trade, we get to know that Coinbase.com supports only buying, selling, sending, receiving, and exchanging cryptocurrencies. On the hand, its advanced trade platform supports deposit, withdraw, trade, and execute trades with limited orders along with buy, sell, receive, send, and, exchange.
On the basis of the maximum trading amount:
In Coinbase.com the maximum trading amount limit depends on the payment method and location of the user. On the other hand in its advanced trade platform, if we talk about the maximum trading amount then we get to know that it is unlimited.
On the basis of Security:
Comparison on the basis of security shows that, both platforms takes security measure very seriously in order to provide a highly secure platform. Coinbase.com offers FDIC insurance, 2FA, cold storage, AES-256 encryption for digital wallets, and biometric fingerprint login. While Coinbase.com/advanced trade offers address whitelisting, 2FA, biometrics login, FDIC-insured USD balances up to $250k, Yubikey for mobile, Coinbase vault, and AES-256 encryption for digital wallets.
Bottom Line:
Overall, both of the platforms are the better option to choose for crypto trading. But it depends on which type of interface or features you want to use, if you are a beginner then I will recommend you to go with Coinbase.com as it also comes with a user-friendly interface. But if you are an advanced or experienced trader and investor in the field of crypto then Coinbase.com/advanced trade is a much better option to choose for you. It offers various advanced trading tools such as interactive charts powered by TradingView, advanced order types, and many more.
