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|Year of foundation||2012||2016|
|Languages||English, Portuguese, German, French, Spanish, Italian, Dutch||English, Portuguese, German, French, Spanish, Italian, Dutch|
|Mobile app||iOS, Android||iOS|
The battle in this aspect is quite simple to decide; the big winner is Coinbase. This exchange is one of the most user-friendly thanks to its impeccable interfaces. It is the perfect recommendation for anyone new to this world looking to make their first trade easy. The interfaces are simple, straightforward, and well designed without frightening the user with complicated features. There can be no better recommendation for someone who has not yet started using cryptosystems than Coinbase.
Since Coinbase Pro was developed with professional traders in mind, the interface is designed accordingly. With proper study and experience, it will be easy to understand because the developers set a goal to improve traders’ work. However, if you are a beginner, you will need time.
Depositing and Withdrawing Funds
Coinbase allows its users to choose between two payment methods:
- Bank transfer.
- Credit/Debit card.
Wire transfers are the cheapest method of depositing funds available at Coinbase. However, such deposits can take up to five business days to reach your account. By contrast, promises made by credit or debit card are completed instantly but are significantly more expensive in terms of fees.
Coinbase Pro allows users to make unlimited deposits and withdraw up to $10,000 per day (or request higher limits).
Trading Volumes and Traded Pairs
At the moment, Coinbase users can buy Bitcoin, Litecoin, Ethereum, Bitcoin Cash, Ethereum Classic, and 0x. Coinbase makes it easy to send, receive and store crypto-currencies on your website. This makes it an excellent choice for crypto-currency beginners.
Coinbase Pro supports the trading of a wider variety of cryptosystems and more pairs. The platform supports 29 cryptocurrencies:
- Bitcoin (BTC)
- Ethereum (ETH)
- Bitcoin Cash (BCH)
- EOS, Cosmos (ATOM)
- Basic Attention Token (BAT) and others.
Coinbase’s deposit fees range from 0% to 3.99%. These costs depend on your payment method and the country you are depositing from. For trading fees, Coinbase charges a flat fee of 1.49%. This means that the cost of buying 100 euros of any crypto-currency will be 101.49 euros.
The platform charges different fees depending on whether you buy or sell cryptocurrencies. If the transaction is a buy transaction, there will be a fee ranging from 0.05% to 0.25%; if the business is sold, the cost will run from 0% to 0.15%.
Due to problems with some crypto-currency exchanges, there is a perception that using these platforms remains a risky proposition. If you feel that way, Coinbase should help increase your peace of mind. The reason is that many consider it to be one of the safest exchanges around. Coinbase users can use two-factor authentication to provide an additional layer of security for their accounts. However, you should be aware that if your account is compromised, Coinbase will not be responsible for any funds that may be lost.
Like all other centralized exchanges, Coinbase Pro manages user keys, which means they are responsible for their users’ funds. Thus, both exchanges follow standard security rules – each exchange offers two-factor authentication (2FA) and FDIC insurance, among other features.
Pros and Cons
I have been studying cryptocurrency for over 5 years. I have accounts in every exchange and I test everything on myself.
I want this market to be more understandable for everyone.