CloseOpen vs Coinbase
# Cryptocurrency


Faith Boluwatife


Faith Boluwatife

alex manea


Alex Manea

Quality checked vs Coinbase

There are so many cryptocurrency trading services available today, that it’s difficult to know the right one to choose. Two popular platforms on this list are and Coinbase. In this article, we will compare vs Coinbase and see which is the best choice. and Coinbase are crypto exchange platforms that allow investors to buy and sell popular and lesser-known cryptocurrencies. Users have the privilege of storing their funds in their online account or transfer to their account using various methods, such as a credit card, wire transfer, or ACH withdrawal.

About is an app specially built for cryptocurrency exchange. In 2016, the company was launched as "Monaco" by Bobby Bao, Gary Or, Kris Marszalek, and Rafael Melo. Not long after, 2 years precisely, the company was renamed after purchasing a domain owned by cryptography researcher and professor Matt Blaze. Foris DAX Asia, a Singapore-based company and a subsidiary of Foris DAX MT (Malta) Ltd, is concerned with the operation of the company.

The platform was built to support trading, investing, staking, wallets, NFTs, and more. It offers more than 250 different currencies, reasonable fees, and discounts to significant stakeholders.

Users can to buy, sell, and trade an extensive list of currencies, and enjoy relatively low trading fees. In addition to this, the company offers cryptocurrency credit cards, a decentralized exchange, a standalone crypto wallet, and an NFT marketplace. Users also benefit by staking their crypto or holding it in a wallet for a set period, giving them the opportunity to earn up to 14.5% interest.

To find out more about the platform read our review.

About Coinbase

Coinbase has been in existence and has been the top trading platform for Bitcoin early adopters since the year 2012. However, the platform became popular in 2021 when it emerged as the first crypto exchange to go public on the Nasdaq.

As a cryptocurrency trading and investing platform, it offers its users the ability to buy, sell, and exchange over 100 tradable cryptocurrencies including Bitcoin, Ethereum, and Dogecoin.

Currently, more than 73 million users are trading over $300 billion worth of cryptocurrency on Coinbase each quarter. Records from crypto data firm CoinMarketCap show that it has the second-highest trade volume of all exchanges.

If you are a beginner, you will likely prefer the original Coinbase platform which allows for simple buying and selling of orders. More advanced users can access additional features and order types through Coinbase Pro, available to any Coinbase user. vs. Coinbase: Fees

When a cryptocurrency transaction is made on Coinbase — like buying Bitcoin,  you’ll be charged both a spread and a Coinbase fee.

The spread is the difference (or margin) between the market price and the price that you actually pay for a purchase or receive for a sale.

Coinbase charges about 0.50% spread fees for your crypto sales and purchases, this price, however, fluctuates based on the market. For cryptocurrency conversions, if you trade one Cryptocurrency for the other, for example, Coinbase may charge you a spread of up to 2.00%, based on market fluctuations. Price fees vary largely based on your payment method and location.

Coinbase Pro has a simpler trading model known as maker-taker fees. If you place an order at a market price that immediately gets filled, you’re charged as a taker. If your order doesn’t get matched to an existing order immediately, it goes on an order book and you’re charged as a maker. Maker fees range from 0.00% to 0.40% and taker fees range from 0.05% to 0.60%.

The greatest difference between these two platforms is the cost. keeps it simple generally, by employing the maker-taker model, with rates ranging from 0.04% to 0.40% for maker fees and 0.10% to 0.40% for taker fees. Like Coinbase, investors pay additional fees for using credit cards. vs. Coinbase: Available Coins

Here’s a list of the coins available on either platform. This can help you decide which is better suitable for your trading needs.

Cryptocurrencies Available on Coinbase

  • Coinbase supports more than 50 different cryptocurrencies. Some of the most common cryptos are;
  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Avalanche (AVAX)
  • Solana (SOL)
  • Cardano (ADA)
  • USD Coin (USDC)
  • Dogecoin (DOGE)
  • Polygon (MATIC)
  • Tether (USDT)

These coins vary from one another and have different trading restrictions, as well as minimum and maximum withdrawal amounts. Some can only be traded for certain fiat currencies like the U.S. dollar or converted to or from other cryptocurrencies. One might also be restricted from trading some coins based on the country one resides in.

Cryptocurrencies Available on aids more than 250 currencies for spot trading, with a subset supported for staking, some of which are:

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Cardano (ADA)
  • Dogecoin (DOGE)
  • Polkadot (DOT) owns a coin, known as CRO. Users who have a substantial stake in this coin enjoy a reward of lower trading fees, higher staking interest rates, and more credit card rewards.

Coinbase on the other hand has 100+ tradable cryptocurrencies. Both Coinbase and support popular fiat currencies, including USD, EUR, and GBP, as well as coin fractions. card vs. Coinbase card

Coinbase is a Visa debit card that converts your daily purchases into crypto rewards. It charges a $2.49 crypto liquidation fee, supports 9 cryptocurrencies, and gives 4% cashback rewards., on the other hand, charges no annual fees, supports 90 cryptocurrencies, and 20 fiat currencies, and gives back up to 8% cashback rewards.

Neither of the cards charges fees to deposit money through transfer, but they both have charges when you make debit card payments.


Both Coinbase and offer a wide variety of options when it comes to crypto storage which makes it easy to store your crypto. The easiest option is to log into your account, buy your crypto, and leave it within your account. However, you won’t have access to your private keys by doing this; instead, your coins’ security will rely on the platform’s security measures (and your own account security measures).

Another alternative is to move your holdings onto the separate hot wallet software. This is a different app that you would download, and unlike keeping your coins on any of the platforms, this avails you control over your private keys.

That control means you can do more with your crypto, like move coins between wallets and participate in other decentralized finance activities that require crypto transfers and payments outside the exchange.


Coinbase employs top-notch security measures to keep customer deposits and assets safe. However, there are always some risks when using cryptocurrency, so it’s important and advisable to follow online best practices to keep your account information secure.

With Coinbase, 98% of customer assets are stored offline using cold storage in a network of safe deposit boxes around the world, which is supported by digital and paper backups. It uses bank-standard encryption and security for its website. In addition, all accounts must use two-step authentication, a measure set up to help prevent others from logging into your account and can only be breached if they have physical access to your phone.

Despite these strong security methods, thousands of users have fallen victim to fraudsters and hackers that have drained their accounts. Needless to emphasize, the use of unique and random passwords is important to prevent this type of loss. on the other hand makes use of various security measures, including multi-factor authentication (MFA) and whitelisting, to help keep customer accounts safe. It’s also important to use a strong password and personal online security practices to help protect your account. It's essential to know that cryptocurrency transactions can’t be reversed, so any losses on your crypto account can't be recovered and would be to your detriment. vs. Coinbase: Ease of Use

These two platforms offer web or app-based trading. Although the mobile apps and browser tools can be navigated easily, the exchanges look different. Coinbase has a simpler approach in comparison to provides several products, and the website can seem complicated at first glance. Beginners new to trading may feel more at ease using Coinbase until they have a grasp of the terminologies and types of transactions being operated.

In a nutshell, Coinbase is particularly good for beginners to cryptocurrency who want a simple buying and selling experience without being bothered about the complexities of external wallets and decentralized exchanges. is a good choice for cryptocurrency traders looking for a platform with relatively low fees and an extensive list of supported currencies. It’s best for people who are confident managing a financial account through a mobile app and may be ideal for those at the intermediate level in the world of cryptocurrency.

Other Features

These two cryptocurrency exchanges provide a mobile app that works on Android and iOS devices along with a digital wallet but the platforms differ in their offerings.

Coinbase focuses on beginner education and so is a good choice for a beginner while is a good choice for both beginners and veterans alike. Unlike Coinbase, offers very limited educational materials. Its knowledge base covers the basics of the platform.

On April 20, 2022, Coinbase launched the beta version of its NFT marketplace, to provide users with a platform to buy and sell NFTs., however, already has a fully functioning NFT marketplace in existence since March 2021. doesn’t stop at trading cryptocurrencies, it also allows you to take crypto loans right from the platform. It has a minimum loan amount of $100 and a maximum amount of $1 million. If you are eligible, Coinbase also allows users to take loans. However, different states have different limits and maximums, so find out which one you are eligible for.

Finally, both Coinbase and allow users to stake some of their coins in a staking pool. Each of them has its varying staking processes which you can find on their platforms.


In this article, we’ve been able to establish that: charges up to 0.40% for trades, while Coinbase Pro charges 0.50%. supports more than 250 virtual currencies, while Coinbase supports just 158.

Coinbase offers an intuitive, user-friendly platform that may be easier for beginners to navigate than

Both and Coinbase would work well for different trading and investing goals. Depending on your needs and trading experience, you may choose to open an account with any of the two or with both. You can also use our comparison tool to help you make a perfect choice by finding the best crypto exchange for you.

Faith Boluwatife


Faith Boluwatife

Faith is an enthusiastic content writer with many years of experience in the finance, cryptocurrency, and forex space. She's a regular contributor for Sortter where she writes valuable pieces to improve knowledge. As a skilled writer, Faith has created content for diverse industries -- if it exists, she’s likely written about it!

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