Bitstamp and Coinbase are cryptocurrency exchanges available to U.S. and international investors. Both offer a digital hot wallet and follow strict security standards. Plus, they’ve been around for years. Bitstamp was founded in 2011 with headquarters in London. Coinbase began in 2012 and went public through a direct listing in 2021 (Nasdaq: COIN). T🅘he company recent⛎ly announced the closure of its California headquarters.
Coinbase supports 240+ cryptocurrencies versus Bitstamp’s 80+, but the differences don’t end there. While Bitstamp caters to experienced, active traders, Coinbase is geared to beginners. However, Coinbase also offers the Coinbase Pro platform, which is a good fit for intermediate and advanced investors.
We compare🧸d the crypto exchanges by looking at their features, supported currencies, and ease of use. Additionally, we reviewဣed fees for trading and withdrawing funds, mobile apps, and digital wallets.
Investing in cryptocurrencies, Decentralized Finance (DeFi), and other Initial Coin Offerings (ICOs) is highly risky and speculative, and the markets can be extremely volatile. Consult with a qualified professional🍰 before making any financial decisions. Thi🐓s article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies nor can the accuracy or timeliness of the information be guaranteed.
Bitstamp
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Bitstamp
- Fees: 0.00% to 0.40%
- Currencies: 80+
- Security: 98% of assets stored offline, crime insurance against theft or fraud, and 2FA
- Wallet: Allowlisting, multi-signature, AES-256 encryption
- Transactions Supported: Instant, limit, market, stop, trailing stop, and fill-or-kill orders, withdraw
- Max. Trading Amount: Varies by payment method
- Mobile App: iOS and Android
Competitive fees
Advanced trading options
Pay by card or bank account
Limited rewards and staking
Not for beginners
Fewer supported cryptocurrencies
Coinbase
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Coinbase
- Fees: 0.00%-0.60%
- Currencies: 240+
- Security: 98% of assets stored offline, 2FA, FDIC-insured USD balances, insurance against fraud or theft, and a bug bounty program
- Wallet: Allowlisting, multi-signature, AES-256 encryption
- Transactions Supported: Buy, sell, exchange, send, withdraw, and receive
- Max. Trading Amount: Varies by location and payment method
- Mobile App: iOS and Android
Crypto rewards and staking
Interest-bearing crypto accounts
Easy for beginners to use
Advanced features only available on Coinbase Pro
Higher fees than Bitstamp
Not for Hawaii residents
At a Glance
Bitstamp | Coinbase | |
---|---|---|
Fees | 0.00% to 0.40% | 0.00%-0.60% |
Currencies | 80+ | 240+ |
Security | 98% of assets stored offline, crime insurance against theft or fraud, and 2FA | 98% of assets stored offline, 2FA, FDIC-insured USD balances, insurance against fraud or theft, and a bug bounty program |
Wallet | Allowlisting, multi-signature, AES-256 encryption | Allowlisting, multi-signature, AES-256 encryption |
Transactions Supported | Instant, limit, market, stop, trailing stop, and fill-or-kill orders, withdraw | Buy, sell, exchange, send, withdraw, and receive |
Max. Trading Amount | Varies by payment method | Varies by location and payment method |
Mobile App | iOS and Android | iOS and Android |
Bitstamp vs. Coinbase: Features
Although both cryptocurrency exchanges let users buy and sell altcoins, they’re geared toward different groups of people. Coinbase is recommended for b🔯eginner💎s, thanks to its user-friendly platform and limited transaction types. Bitstamp, however, targets users familiar with cryptocurrency.
Bitstamp features include:
- Businesses: Bitstamp supports institutions and provides several application programming interfaces (APIs) for custom business applications.
- Easy to add funds: Users fund accounts via credit or debit card and automated clearing house (ACH).
- Advanced trading: Investors can take advantage of advanced trading options, such as instant, limit, market, stop, trailing stop, and fill-or-kill orders.
- Bitstamp Earn: International traders can stake Ethereum (ETH) through Bitstamp to earn a return on their holdings.
In comparison, Coinbase also makes it easy to add funds by supporting credit or debit, wire transfers, ACH, aᩚᩚᩚᩚᩚᩚᩚᩚᩚ𒀱ᩚᩚᩚnd PayPal. However, it also offers several features ideal for new investors, such as:
- Learn and earn: Coinbase users may earn up to $28 in altcoins by watching videos and reading guides about cryptocurrency and exchange basics.
- Staking: Earn 0.15% to 5.75% annual percentage rate (APR) for USD Coin (USDC), Dai (DAI), Tezos (XTZ), Algorand (ALGO), Cosmos (ATOM), and Ethereum (ETH).
- Coinbase card: The Visa debit card and Coinbase card app let users make purchases using their crypto.
- Interest accounts: Put USDC into a Coinbase account to earn up to 4% annual percentage yield (APY).
- Businesses: Coinbase offers several professional crypto products, including a prime brokerage platform and direct access to the exchange.
- Advanced platform: Once beginners feel comfortable, they can move to the Coinbase Pro platform for free to get reduced fees and more trading options.
Bitstamp vs. Coinbase: Currencies
Users of both platforms can trade fractions of coins and deposit fiat funds, with Bitstamp supporting EUR, GBP, and USD, and Coinbase supporting moꦡre than 20 fiat currenc♌ies, including USD, EUR, GBP, CAD, and SGD.
Bitstamp supports 80+ currencies, whereas Coinbase offers 240+. Investors will find popular coins and 澳洲幸运5开奖号码历史查询:stablecoins on both exchanges, such as:
- Tether (USDT)
- Bitcoin (BTC)
- Compound (COMP)
- Litecoin (LTC)
- Stellar Lumens (XLM)
- Aave (AAVE)
- Algorand (ALGO)
- The Graph (GRT)
- Uniswap (UNI)
In contrast, Co𒁃inbase offers more than100 coins not found on Bitstamp, in𒐪cluding:
- 1Inch (1INCH)
- Ankr (ANKR)
- Cosmos (ATOM)
- Dash (DASH)
- Ethereum Classic (ETC)
- Loom Network (LOOM)
Bitstamp vs. Coinbase: Security
Both platforms abide by strict U.S. regulations, including 澳洲幸运5开奖号码历史查询:know your customer (KYC). The exchanges offer two-factor authentication (2FA) and multi-signature protections on their 澳洲幸运5开奖号码历史查询:hot wallets. Additionally, each service holds 98% of account assets offline in cold storage and maintains a crime insurance policy covering funds on the exchange from theft or fraud. The Federal Deposit Insurance Corporation (FDIC) insures USD deposits on the Coinbase🍰 platform.
The 澳洲幸运5开奖号码历史查询:cryptocurrency exchanges meet or exceed industry standards. However, the Coinbase website provides a detailed account of most security measures, whereas Bitstamp only references security through its frequently asked questions. Although Bitstamp was hacked in 2015, resulting in the theft of roughly $5 million in Bitcoin, no recent breaches have occurred. Many of Coinbase's users have been targets of various phishing schemes, leading to stolen funds.
Bitstamp vs. Coinbase: Fees
The beginner Coinbase exchange charges💫 higher fees than found on Bitstamp. However, Coinbase Pro users pay about the same as Bitstamp traders. Bitstamp uses a tiered fee sche♋dule based on total trading volume over the past 30 days, with $10,000 or less incurring a 0.40% transaction fee. Higher trading volumes reduce expenses.
Meanwhile, the Coinbase fee structure is more complex. Users pay either a flat rate or variable fee, depending on their funding method, and incur a spread of about 0.60%. In most cases, traders using Coinbase will pay more than those on Bitstamp. However, the Coinbase Pro platform uses a 澳洲幸运5开奖号码历史查询:maker-taker model with a 0.60% transactio🅺n fee for investors trading $10,000 or less over the trailing 30-day period.
Additionally, credit ♕or debit card users will pay 3.99% on Coinbase versus 5% on Bitstamp. Both offer free ACH transactions, making this ♛payment method the best way to save on fees.
Bitstamp | Coinbase | |
---|---|---|
Bank Account Purchase | N/A | 1.49% |
SEPA | Deposits: Free Withdrawals: 3 EUR | Deposits and Withdrawals: 0.15 EUR |
Debit/Credit Cards | 5% | 3.99% |
ACH Transfer | Free | Free |
Wire Transfer | Deposits: 0.05% or $7.50 minimum Withdrawals: 0.1% or $25 minimum | Deposits: $10 Withdrawals: $25 |
Crypto Conversion | Varies by currency | Up to 1% |
Trades | 0% to 0.40% based on 30-day trading volume | Up to 0.60% spread, plus a variable or fixed fee of $0.99 to $2.99 or variable fee, based on amount and payment method |
Bitstamp vs. Coinbase: Ease of Use
Bitstamp and Coinbase are web-based platforms offering mobile apps. The initial account signup and verification processes are similar. Moreover, each makes it easy to buy or sell crypto through their exchange by offering simpl💦e website or app navigational tools. However, Coinbase is better for beginners. It provides an array of instructional materials and guides. Its knowledge base and FAQs are comprehensive and cover nearly every topic a new investor would want to learn about.
In contrast, Bitstamp provides a basic FAQ section to help users navigate website functions but doesn’t offer a complete database. Plus, some of the advanced features may be unfamil♌iar to new users, making it harder to know which transactio𓂃n type to select.
However, 🌃Bitstamp earns a slightly higher rating, as customer service is more responsive than Coinbase. Neither service offers customer support by telephone, but you can contact the companies through email, or X (formerly Twitter) for Coinbase users.
Bitstamp vs. Coinbase: Mobile App
Bitstamp and Coinbase provide mobile apps for Android and iOS users. The Bitstamp app𝓀 offers complete trading functionality, including four order types, analytical tools, and real-time charts through Tradeview. Users can also view their crypto holds and trade right from the mobile🗹 app.
The Coinbase crypto app features a clean dashboard where investors can get automatic price alerts, view portfolio value, and buy crypto on the exchange. Both mobile apps receive high ratingꩲs for ease of use, but advanced users will find mo꧑re features on the Bitstamp app.
Bitstamp vs. Coinbase: Access
Bitsꦇtamp and Coinbase operate in about or over 100 countries. While Bitstamp may work in all 50 states, Coinbase isn’t available to Hawaii users.
U.S. residents using Bitstamp can’t buy Ripple (XRP), ꩵwhile New Yorkers using Coinbase can’t buy many other coins using fiat currency, such as CTSI, RLC, MIR and TRB. CTSI, MIR and TജRB.
Final Verdict
Coinbase and Bitstamp are well-known, trusted cryptocurrency exchanges used by people across the globe. Both offer hot wallets, mobile apps, and store 98% of account funds in 澳洲幸运5开奖号码历史查询:cold storage. However, Coinbase is a great fit for beginners and provides an advanced platform for active traders, whereas B🍎itstamp works for mature investors but may con🏅fuse people new to trading.
For many users, Coinbase is the better option. The beginner platform does have high fees, but it’s easy to trade crypto, stake coins, and earn rewards. Plus, when users are ready to move into advanced trading, the Coinbase Pro platform offers a fee schedule similar to Bitstamp’s while still giving users acceꦬss to perks like the crypto Visa card.
What Are Bitstamp and Coinbase?
Bitstamp and Coinbase are centralized cryptocurrency exchange platforms where users go to buy and sell cryptocurrency. Investors can view market prices, deposit 澳洲幸运5开奖号码历史查询:fiat funds, and access their a🌸ccounts through a w🍸eb browser or mobile app.
Additionally, Coinbase users may take advantage of rewards features to earn crypto, stake 澳洲幸运5开奖号码历史查询:cryptocurrencies, or♎ earn 🉐interest on certain stablecoins. The company also offers a Visa debit card, allowing investors to spend crypto at millions of online and retail locations worldwide.
How Do Bitstamp and Coinbase Work?
Both platforms are centralized exchanges, meaning they verify accounts and transactions on behalf of inves🌊tors. User🍸s deposit fiat funds into Bitstamp and Coinbase hot wallets, which means the exchanges have more control over your assets than traders have when using decentralized exchanges.
Bi🐠tstamp and Coinbase support funding types like ACH, credit or debit card, and wire transfer. However, Coinbase offers much more information about getting started with trading, their security levels, and their features.
Can You Transfer Crypto From Bitstamp to Coinbase?
Yes, investors can transfer crypto from Bitstamp to Coinbase. Simply sel💧ect “Withdrawal” from the main menu, enter your Coinbase wallet address, and choose the amount to send. Find your Coinbase wallet address by logging into your Coinbase account and tapping the “Receive” button. From there, you can choose your cryptocurrency type and view the address and quick response (QR) code.
Who Should Use Bitstamp vs. Coinbase?
People new to investing or cryptocurrency should start with Coinbase, as it’s convenient and straightforward. The platform rewards users for learning about crypto and offers basic transaction types. Furthermore, once a beginner learns their way around, they can move up to the advanced platform for more features,🐠 such as advanced tradingಞ options and lower fees.
On the other hand, Bitstamp is good for active traders 𒁏and not as suitable for new investors. It offers several transaction types that require investing 🎃experience and doesn’t offer a large database of instructional guides and tutorials.
Methodology
We reviewed Bitstamp and Coinbase by checking out features offered on both platforms, including unique offerings, and assessing accessibility for U.S. and international traders. We looked at the overall number of cryptocurrencies, stablecoins, and fiat currencies supported; the amount and types of fees; and security levels. Moreover, we checked out the mobile apps and web-based exchanges to evaluate each one ⭕for ease of use and functionality.
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Bitstamp vs. Coinbase
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