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General Information
| Coinmama | Coinbase | |
| Year of foundation | 2013 | 2012 |
| Country | Slovakia | USA |
| Languages | English, Spanish | English, Portuguese, German, French, Spanish, Italian, Dutch |
| Mobile app | – | iOS, Android |
Convenience of Use
Coinmama
Coinmama exchange for buying Bitcoins or any other cryptocurrency is suitable for everyone because of its simplicity. You will need to create and confirm an account, enter your bank card details, and choose the number of desired coins to buy. No trading or cryptocurrency knowledge is required of you.
Coinbase
Coinbase’s interface is very intuitive and easy to use. Commerce is always a click or two away, with excellent website speed. The company offers fantastic mobile products for iOS and Android, probably the best Bitcoin exchange applications available today.
Trading Volumes and Traded Pairs
Coinmama
Coinmama only allows you to buy ten coins, including Bitcoin (BTC) and Etherium (ETH). At Coinmama, you can use your debit or credit card to purchase cryptocurrency directly from the site. When you enter your bank card details and make a purchase on Coinmama, you have the option to send the coins instantly to your separate wallet.
Coinbase
Coinbase has a trading volume of 128,979,540.0. There are 78 trading pairs available on the exchange. The option to trade in pairs with fiat is not available on the exchange. Margin trading is not available. The exchange supports the following fiduciary currencies:
- EUR
- GBP
- USD
- CAD
- SGD
- AUD
Commission
Coinmama
In addition to the fee for using your card, you will also be charged a fee of 5.5% for each transaction you make! The exact amount of the price may vary depending on the amount of cryptocurrency you purchase, but honestly, this system doesn’t change the overall situation. It can become costly if you plan to buy cryptocurrency in large amounts or regularly.
Coinbase
Coinbase has no separate deposit and withdrawal fees, and the exchange charges percentage fees instead of fixed amounts. Wire transfers in the U.S. are charged at 1.49%, and funds are available within 5-7 days. Credit or debit card payments in the U.S., Europe, Canada, and the U.K. cost 3.99% of the amount transferred, and the money is available immediately.
Security
Coinmama
It is a bit strange that any government agency does not regulate most cryptocurrency exchanges. Still, Coinmama is different in this regard; it is registered with FinCEN in the US. This indicates that the exchange has certain credibility, and any fraudulent activity on the platform will be thoroughly investigated.
Coinbase
Coinbase offers the most robust security in the entire Bitcoin exchange market. Over 97% of coins are kept in cold wallets. The private keys used for the authorization of cold storage transactions are held in fragments between the offline hard drives and the paper, in different locations with backups in case of lost pieces.
They provide two-factor authentication for logins and withdrawals and customize the maximum limit of daily transactions. Passwords are encrypted and logged. They offer e-mail notifications and use PGP e-mail encryption. The exchange has not been hacked.
Pros and Cons
Coinmama
Coinbase
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.