Best Cryptocurrency Exchange App

Bitstamp vs. Coinbase: Which Should You Choose?

Bitstamp vs. Coinbase: Which Should You Choose?
Written by publisher team

bit stamp Queen Piece
Buying a bank account Unavailable 1.49%
I know Deposit: free withdrawal: 3 € Deposits and withdrawals: 0.15 EUR
Debit / Credit Cards 5% 3.99%
ACH . conversion free free
wire transfer Deposit: 0.05% or $7.50 minimum Withdrawal: 0.1% or $25 minimum Deposit: $10 Withdrawal: $25
Cryptocurrency exchange Varies by currency Spread up to 2%
character From 0% to 0.50% based on trading volume in 30 days Spread up to 0.50%, plus a variable or fixed fee from $0.99 to $2.99 ​​or a variable fee, depending on the amount and payment method


Bitstamp vs Coinbase: Ease of Use

Bitstamp and Coinbase are web-based platforms that offer apps for mobile devices. The initial account registration and verification processes are similar. Moreover, both of them facilitate the buying or selling of cryptocurrencies through their exchange by offering simple website or app navigation tools. However, Coinbase is better for beginners. Provides a range of educational materials and guides. Its knowledge base and FAQ is comprehensive and covers almost every topic a new investor might want to learn about.

In contrast, Bitstamp provides a basic FAQ section to help users navigate the website’s functionality but it does not offer a complete database. In addition, some advanced features may be unfamiliar to new users, making it difficult to know what type of transaction to select.

However, Bitstamp gets a slightly higher rating, as its customer service is more responsive than Coinbase. Neither service offers phone customer support, but you can contact the companies via email or Twitter for Coinbase users.


Bitstamp vs Coinbase: Mobile App

Bitstamp and Coinbase provide mobile applications for Android and iOS users. The Bitstamp app provides full trading functionality, including four order types, analytical tools and real-time charts through Tradeview. Users can also view their crypto holdings and trade directly from the mobile app.

The Coinbase cryptocurrency app features a clean dashboard where investors can get automatic price alerts, view portfolio value, and buy cryptocurrencies on the exchange. Both mobile apps receive high ratings for ease of use, but advanced users will find more features in the Bitstamp app.


Bitstamp vs Coinbase: Access

Bitstamp and Coinbase operate in about 100 or more countries. While Bitstamp may operate in all 50 states, Coinbase is not available to Hawaii users. In addition, US residents cannot earn coins on Bitstamp, while they have access to most of the functions, including staking, on the Coinbase exchange.

US residents using Bitstamp cannot buy Ripple (XRP), while New Yorkers using Coinbase cannot buy the following coins with fiat currency:

  • 1 inch (1 inch)
  • full (CGLD)
  • Chili’s (CHZ)
  • Descartes (CTSI)
  • Dash (Dash)
  • Enjin coin (ENJ)
  • Eos (EOS)
  • AMPLEFORTH
  • Game.com (GTC)
  • Ugur (delegate)
  • Shiba Inu (sheep)
  • Tellor (TRB)
  • rope (USDT)
  • Tezos (XTZ)


Final verdict

Coinbase and Bitstamp are well-known and trusted cryptocurrency exchanges that are used by people all over the world. Both provide hot wallets and mobile apps and store 98% of account funds in cold storage. However, Coinbase is very suitable for beginners and provides an advanced platform for active traders, while Bitstamp works for mature investors but can confuse people who are new to trading.

For many users, Coinbase is the best option. The beginner platform has high fees, but it is easy to trade cryptocurrencies, coins, and earn rewards. Additionally, when users are ready to transition to advanced trading, Coinbase Pro offers a fee schedule similar to Bitstamp’s while still giving users access to privileges such as the crypto Visa card.


Frequently Asked Questions

What are Bitstamp and Coinbase?

Bitstamp and Coinbase are centralized cryptocurrency exchange platforms where users go to buy and sell cryptocurrencies. Investors can view market prices, deposit fiat funds, and access their accounts through a web browser or mobile application.

In addition, Coinbase users may take advantage of the bonus features to earn cryptocurrencies, share cryptocurrencies, or earn interest on some stablecoins. The company also offers a Visa debit card, allowing investors to spend cryptocurrency at millions of online retail locations around the world.

How does Bitstamp and Coinbase work?

Both systems are centralized exchanges, which means that they verify accounts and transactions on behalf of investors. Users deposit fiat money to hot Bitstamp and Coinbase wallets, which means that exchanges have more control over your assets than traders when using decentralized exchanges.

Bitstamp and Coinbase support funding types such as ACH, credit or debit card, and wire transfer. However, Coinbase does provide more information about getting started with trading, security levels and features.

Can you transfer crypto from Bitstamp to Coinbase?

Yes, investors can transfer crypto from Bitstamp to Coinbase. Simply select “Withdraw” from the main menu, enter your Coinbase wallet address, and choose the amount you want to send. Find your Coinbase wallet address by logging into your Coinbase account and clicking the Receive button. From there, you can choose the type of cryptocurrency and view the address and QR code.

Who Should Use Bitstamp vs Coinbase?

People who are new to investing or cryptocurrency should start with Coinbase, as it is convenient and straightforward. The platform rewards users for learning about cryptography and offers basic transaction types. Moreover, once beginners learn their way around, they can move on to the advanced Coinbase Pro platform to get more features, such as advanced trading options and low fees.

On the other hand, Bitstamp is good for active traders and not suitable for new investors. It offers many types of transactions that require investment experience and does not offer a large database of educational guides and tutorials.


methodology

We reviewed Bitstamp and Coinbase by checking out the features available on both platforms, including unique offerings and evaluating accessibility for US and international traders. We looked at the total number of cryptocurrencies, stablecoins, and fiat currencies supported; the amount and types of fees; and security levels. Furthermore, we examined mobile applications and web-based exchanges to rate each one for ease of use and functionality.

About the author

publisher team