The simplicity of Coinbase makes it the more straightforward option for beginners . It only supports buying and selling, so you can jump right on the app or web browser and start investing. Coinbase Pro can seem imposing at first because it offers a lot more information and advanced reporting.
Read moreWhy you should not use Coinbase?
Transacting bitcoins on Coinbase may be worse for privacy than even PayPal . And it’s because you also compromise the privacy of people who transacted with you. Then there’s the issue of high fees. Coinbase’s convenience and ease of use come at a cost: when you buy bitcoins, the fee is 1.49% to 3.99%.
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