Coinbase is a U.S. based cryptocurrency exchange featuring over 130 different cryptocurrencies. The company is one of the most popular exchanges boasting over 89 million global users.
Coinbase is constantly evolving their offering and attempting to attract new users. This has resulted in many offers for free bitcoin, the ability to earn free crypto, and many other one time promotions.
Key Features:
- Crypto Exchange
- Cashback Debit Card
- Wallet
- NFT Exchange
- Pro Exchange for higher volume traders
- Learn and Earn program
Cryptocurrencies
130+
Users
89M
Transaction Fees
Yes
Table of Contents
Coinbase Overview
Coinbase is one of the largest cryptocurrency exchanges in the U.S. The company has seen a massive rise in popularity and has recently gone public (ticker symbol COIN) and is one of the is one of the leading cryptocurrency exchanges on the market today. The company offers many popular digital assets including Bitcoin, Etherium, Dogecoin, and Shiba Inu.
Coinbase vs. Coinbase Pro
Coinbase offers two separate platforms, Coinbase and Coinbase Pro. Although these platforms are both run by Coinbase, they have two separate apps and login’s to operate.
What is the difference of Coinbase vs. Coinbase Pro?
Coinbase is the main platform for the Coinbase exchange. Traditionally when you sign up you’ll login and use the main Coinbase exchange. The main platform is built for ease of use with an easy user interface, many guides and articles to help you decide the right crypto, and a core Portfolio area top track your investments.
Think of the main Coinbase platform as the introductory version of trading that most users will use when beginning to invest in Crypto. It is strictly built to be easy to use and not have to “think” when making your crypto investments.
Coinbase Pro is a more advanced version of the Coinbase exchange trading platform. While Coinbase is built for new users, the Pro version is built for experienced traders who want to do more advanced trades. This includes the introduction of limit orders (determining a specific price to execute a trade), stop loss (triggering a sale if your crypto drops to a specific price), and many more advanced features. Update: as of March 12th, 2022, Coinbase has introduced Stop Limit Orders on the main Coinbase platform. View the announcement here.
While the platforms are separate it’s important to remember your accounts are still connected and you can freely move money from each version without fee’s.
What are the fee’s for Coinbase vs. Coinbase Pro?
Coinbase and Coinbase Pro offer different fee structures with Coinbase Pro being cheaper.
Coinbase Pro offers fee’s that range from .40% to .60% for orders below $10,000. The fee varies on if your order is immediately filled (Taker Fee at .60%) or if it is filled later (Maker Fee at .40%).
For a hypothetical $1,000 transaction your fee would be between $4.00 and $6.00. For more info on Coinbase Pro’s fee’s you can see a breakdown on their website here.
Coinbase offers a fee structure that is a little more complicated. Here you will be charged a flat fee from $.99 to $2.99 and then a variable fee that ranges from 1.49% to 3.99% depending on your payment method.
For a hypothetical $1,000 transaction your fee’s could start at $14.90.
Top Coinbase Promotions
Coinbase Bonus: $10 in Free Bitcoin Sign-Up Offer
What Types of Promotions does Coinbase Offer?
Coinbase offers promotions in several ways, this includes:
- New User Sign-Up Bonuses
- Free Crypto through Coinbase Learn and Earn
- Giveaways via email and targeted promotions
- Referral promotions by inviting friends and family
- Incentives for using platform features (signing up for recurring buys, adding in a specific amount of money)
- Joining waitlists and signing up for new features (Crypto Wallets, NFT Offerings, Debit Card sign-up)
- Seasonal sign-up offers around big events (The Superbowl for Example)
What is Coinbase's Promotion Schedule
Coinbase maintains a fairly consistent promotional schedule. Their $10 Bitcoin promotion is the widely available and does not seem to fluctuate throughout the year.
Coinbase tends to maximize their promotions geared towards big events to mass audiences. Most recently Coinbase offered a limited promotion during the super bowl, that was famously so popular it crashed their website.
Additionally Coinbase tends to offer a lot of targeted promotions based on their existing client and their activity.
To maximize your Coinbase offering potential it’s recommended to enable email marketing messages after signing up for an account. This is the best place to get instant contact from Coinbase when a new offer on your account is available.