Coinbase
vs
Binance
Crypto exchanges (34)
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Coinbase vs Bitfinex in comparison

Overview

Description

Coinbase, the most recognized name in cryptocurrency exchanges, is exceptionally user-friendly for beginners. Seasoned users may transition to Coinbase Pro to circumvent higher fees. As a NASDAQ-listed entity, it adheres to stringent regulations.

Coinbase
Reviews

Bitfinex, launched in 2014, caters to experienced users and traders as a traditional crypto exchange. It is recognized for its longstanding history and comprehensive trading features, while also allowing straightforward cryptocurrency purchases.

Bitfinex
Reviews
Pro's & Con's
Pro's
  • Very easy to use
  • Beginner friendly
  • Listed company
  • Coinbase Pro for trading
Con's
  • Slightly higher fees
Pro's
  • Cheap fees
  • Lots of features for traders
  • Extensive charts and tools
Con's
  • Might be complex for beginners
  • No regulation

User Interface

Features Comparison

Type

Centralized Exchange

Centralized Exchange

Tradable Assets
  • Cryptocurrencies
  • Cryptocurrencies
Fees

1.49

%

Taker Fees

2.00%

Maker Fees

2.00%

Withdrawal Fees

0.000079

0.2

%

Taker Fees

0.20%

Maker Fees

0.10%

Withdrawal Fees

0.0004

Taker Fees
Maker Fees
Withdrawal Fees
Number of Cryptocurrencies

220

+

Payment Methods
No items found.
Min. Deposit

$

2

280

+

Payment Methods
No items found.
Min. Deposit

$

60

Payment Methods
Min. Deposit
Ideal For

Beginners

Advanced

Exchanges for beginners
Account Opening Time
Fast
Popularity
6.2 Million Followers
Fast
Popularity
936,339 Followers
Popularity
Own token
-
UNUS SED LEO (LEO)
Advantages:
  • Discount on fees
  • Discount on P2P lending
  • Advantages of the partner program

Exchange Rating

Overall rating
8.3
10
8.1
10
Our individual ratings
Operation
10
6
complicated
simple
Functions & Scope
7
8
simple
extensive
Fees & costs
5
10
simple
extensive
Security & Trust
9
8
simple
extensive
Beginner friendliness
10
7
simple
extensive
Support
5
6
simple
extensive

Functions

Real Coins
Yes
Transferable to own wallet
Yes
Savings plan
Yes
Staking
Yes
NFT Marketplace
Yes
Tradingtools
No
Two-factor authentication
Yes
Deposit protection
Yes
German language
Yes
IOS App
Yes
Android App
Yes
Yes
Transferable to own wallet
Yes
Savings plan
No
Staking
Yes
NFT Marketplace
No
Tradingtools
Yes
Two-factor authentication
Yes
Deposit protection
No
German language
No
IOS App
Yes
Android App
Yes
Transferable to own wallet
Savings plan
Staking
NFT Marketplace
Tradingtools
Two-factor authentication
Deposit protection
Available for US Users
IOS App
Android App
Special Features
  • Spot, futures trading options
  • Coinbase Card
  • Coinbase Wallet
  • OTC desk
  • Advanced services for cryptocurrency traders and liquidity providers
  • Bitfinex Borrow
Trading Options
  • Coinbase Pro for trading
  • Derivatives
  • Margin trading (leverage)
  • Short/Long
Crypto trading platforms

Company Details

The Company
Coinbase, Inc.
Headquarters
USA
Company size
Large
Large
Regulation
BaFin, FCA, FinCEN
Founder
Brian Armstrong, Fred Ehrsam
Year of foundation
2012
iFinex Inc.
Headquarters
British Virgin Islands, Hong Kong
Company size
Medium
Medium
Regulation
-
Founder
Giancarlo Devasini, Raphael Nicolle
Year of foundation
2012
Headquarters
Company Size
Regulation
Founder
Year of Formation

Our Review

Coinbase is a highly secure and user-friendly platform, making it ideal for beginners. However, its higher fees and complex fee structure can be a drawback, particularly for those seeking cost-effective trading. The platform offers a broad range of cryptocurrencies and services, but customer support has received mixed reviews. Overall, Coinbase is a solid choice for those prioritizing security and ease of use, but it may not be the best option for cost-conscious traders.

Coinbase
User Reviews

Bitfinex is a well-established platform catering to advanced traders, offering a wide array of features like margin trading, derivatives, and extensive tools. Its low fees and liquidity are significant advantages, but the platform can be complex for beginners. Security has improved over time, though the lack of regulation remains a concern for some users. Overall, Bitfinex is best suited for experienced traders who can navigate its robust yet intricate offerings.

Bitfinex
User Reviews
By
Ethan Parker
Senior Content Editor

Summary

Ethan Parker
By
Ethan Parker
Updated:
February 29, 2024

About the author

Ethan Parker
Senior Content Editor

At Exchange Flow, Ethan is recognized as the resident crypto expert. With 10+years of experience navigating the waters of global crypto exchanges, Ethan is a trusted voice in the ever-evolving world of digital currencies. He tests and scrutinizes exchanges so you don’t have to, offering reviews and articles that newbies and seasoned traders alike find invaluable. When he’s not coding, Ethan likes to travel and play retro games. He uses his crypto earnings to fund his trip around the globe.

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