Should I keep my coins on Coinbase or Coinbase Pro?

Coinbase Pro performs regular IT security checks and financial audits. Moreover, USD balances of up to $250,000 are FDIC insured . If you trade on their exchange platform, your funds are backed by the United States government.

Coinbase is best for buy-and-hold investors who want to purchase a currency and hold it for the long term . On the other hand, Coinbase Pro offers much lower fees, specifically geared toward active traders. They use a maker-taker fee structure, giving users discounts for the number of trades performed on the platform.

If you’re seeing Funds on Hold, it means that these funds are subject to a Coinbase cashout hold and cannot be transferred to Coinbase Pro yet . Although you can use these funds to buy or sell on Coinbase.com (not on Coinbase Pro), transfers or cashouts are restricted until the hold period is done.

Coinbase takes extensive security measures to ensure your account and cryptocurrency investment remains as safe as possible, but ultimately, security is a shared responsibility .