You can fund your Coinbase Pro account and buy Bitcoin (or other cryptos) with the following fiat currencies: USD, EUR, and GBP. Once you’ve completed a course, you’re rewarded with an amount of those coins, added to your Coinbase wallet so you can try them out for yourself.Ĭoinbase Pro supports the same cryptocurrencies as Coinbase but the difference is in the greater variety of trading pairs that this platform offers. The platform has also launched a new project called “Coinbase Earn”, a project that allows customers to earn money while learning about the features of lesser-known cryptocurrencies. Talking about the process, they stated that to make this vision a reality, they needed to evaluate the shortlisted coins against their Digital Asset Framework which makes an assessment based on security and compliance. In 2018, the company announced on their blog that they were considering adding up to 30 new tokens over time. For example, for USDC trading, New York is excluded, European and UK residents are allowed to make transfers, but the coin is not available in Australia, Canada, and Singapore. There’s a complete list on their website with the rest of the supported digital assets whose availability depends on the country and payment method. These are the main coins that you can buy/sell, store, convert, transfer, etc. On Coinbase currently supports the following cryptocurrencies: Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), and Litecoin (LTC). Coinbase vs Coinbase Pro: The Comparison Supported Cryptocurrencies The initial company Coinbase, however, didn’t rebrand the whole business but divided its focus into two separate businesses: the original Coinbase exchange and GDAX, now under the name of Coinbase Pro.
The trading platform was born from the idea of catering to the needs of larger institutional traders by creating a more powerful exchange with more cryptocurrencies, worldwide access, and in line with financial regulations at the same time. It’s actually a re-branded form of Coinbase, launched in 2016, which means that it’s operated by the same organizational team.
GDAX stands for Global Digital Asset Exchange. This brings us to our second exchange – Coinbase Pro. The popularity of Coinbase got its founders into thinking about expanding the platform. This happened as early as mid-2013, the year in which Coinbase became the highest funded Bitcoin startup at the time, thanks to the $5 million investment from USV mentioned above. The reputation of the platform has drawn in the investments of many world-leading venture capital firms and individuals such as Andreessen Horowitz, Union Square Ventures (USV), and Ribbit Capital. The advantage of Coinbase is that the platform allows users to trade cryptocurrencies at a set price based on their market value, and all this is done faster than with other exchanges. In 2017, the estimated yearly revenue of the company was over 500 million US dollars! Coinbase has served more than 30 million traders across more than 100 countries around the world, and they have traded more than $150 billion in digital assets. The numbers on their website speak for themselves.
The company is run from its headquarters in San Francisco, California.ĭuring these seven years since it was first launched, the exchange gradually turned into one of the most powerful brokers on the market. They have been following the growth of the crypto market and decided to test the waters by investing in a digital platform.
#GDAX VS COINBASE TRANSACTION FEES SOFTWARE#
The founding team comprises of two software engineers, Brian Armstrong and Fred Ehrsam. Coinbase was founded in 2012 and it became the first licensed Bitcoin exchange in the United States shortly after.
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