![]() GDAX helped the company discover the active crypto trader, and realize that this new type of customer requires a platform tailored to their needs. And both of them are more expensive to trade on and offer less trading tools than the leading non-US exchanges.Īccording to David Farmer, director of product at Coinbase, Coinbase Pro is “an evolution of GDAX, specifically designed for individual crypto traders.”įarmer further explains that when they launched GDAX (Global Digital Asset Exchange), a Bitcoin exchange for professional traders, they envisioned a product that would help institutions enter the crypto space. Both of them focus primarily on US customers but are also available in most EU countries. In general, both exchanges are quite secure, regulated, offer the FDIC insurance (Federal Deposit Insurance Corporation), and have clean interfaces with no annoying information overload. The differences between the platforms, though, are quite subtle, such as contrasting staking features, as well as the auction feature and block trading that Coinbase Pro doesn’t have. They both have simplistic interfaces for beginners just to “marry fiat with crypto” at a large scale and professional apps for more advanced crypto traders, which are Gemini’s Active Trader and Coinbase Pro respectively. You’ll see for yourself.Īt least one thing strikes the eye when it comes to Coinbase and Gemini. It’s no wonder they have a lot in common. platforms should you choose, Gemini or Coinbase?īasically, Gemini and Coinbase have always been and, all things considered, will always be in direct competition with each other. In the following review, we will mostly focus on Coinbase Pro and Gemini’s Active Trader, so if you’re a complete beginner, probably, this review is not for you.īut if you are an active trader, buckle up, and let’s get a taste of some Americana blend. There is also a Coinbase Wallet app – a non-custodial wallet from Coinbase with DeFi capabilities.Īlong with that, Gemini’s Active Trader, a venue that delivers professional-level experience, is not the same as Gemini wallet that makes it simple and secure to buy cryptocurrencies. Neither Coinbase nor Gemini offers futures or margin tradingīefore we dive deep into the battle of two crypto rivals, Coinbase and Gemini, it’s important to say that there’s a difference between Coinbase, an app used to buy, store and exchange different cryptocurrencies and Coinbase Pro, a platform for advanced crypto traders.Both Coinbase and Gemini offer the FDIC insurance for balances under $250k.Compared to Gemini, Coinbase doesn’t have the auction feature and block trading.Coinbase offers a slightly larger amount of markets to trade and a much larger 24-hour trading volume than Gemini.Gemini Withdrawal: Gemini Withdrawal Fees ![]() ![]() Coinbase Account: How to Delete Coinbase Account? Coinbase Withdrawal: How to Withdraw Money From Coinbase ![]()
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