Bitpanda vs Coinbase: Major Differences

Among the wide choice of cryptocurrency exchanges, each one, in one way or another, stands out for its own characteristics. This applies to user requirements (including disclosure of personal information), the range of functions available, transaction fees, and many other factors. Therefore, choosing the right exchange for trading often takes time.

In this article, we will look at a couple of platforms - Bitpanda vs Coinbase. A comparative analysis of their features, advantages and disadvantages was conducted, making it easier to decide on the choice of a suitable crypto-platform.


bitpanda

COINBASE

Type of exchange

Сentralized

Сentralized

Year founded

2019

 2012

Registration country

 Austria

United States

Trust Score (Coingecko)

8

10

Cryptocurrencies / trading pairs

57

524

Trading types

Spot

Spot, Futures, P2P

Fees

0.05% - 0.15%

0% - 0.3%

2FA

Yes

Yes

Mobile application

IOS, Android

IOS, Android

Daily trading volume on Spot market

$3 965 828

$1 822 726 133

Advantages and disadvantages of Bitpanda

Pros:

  • It accepts several fiat currencies, including Swiss francs and Turkish liras, making it one of the most diversified exchangers
  • Bitpanda also has its own currency - BEST
  • With Bitpanda Pay you can send money to your contacts and pay bills using your account balance

Cons:

  • High commissions

Bitpanda Review Summary 

84% Overall

We have analyzed key features of Bitpanda based on 3 important criteria for choosing crypto exchange:

  • Trustworthy
  • Usability
  • Fees
    Based on researches and our own tests, we have made an independent rating.
83%
Trustworthy
88%
Usability
80%
Fees

Advantages and disadvantages of Coinbase

Pros:

  • User-friendly interface
  • Good reputation and high reliability
  • Highly secure and regulated
  • Coinbase is a public company (IPO was held in 2021)
  • Support for fiat and buying with fiat money
  • Stacking of popular cryptocurrencies

Cons:

  • KYC for all clients
  • No own token
  • No margin trading

Coinbase Review Summary 

90% Overall

We have analyzed key features of Coinbase based on 3 important criteria for choosing crypto exchange:

  • Trustworthy
  • Usability
  • Fees
    Based on researches and our own tests, we have made an independent rating
90%
Trustworthy
89%
Usability
91%
Fees

About Bitpanda exchange

Bitpanda is a digital currency investment service opened in 2014 by Eric Demuth, Paul Klanscheck and Christian Trummer, who are now part of the Bitpanda GmbH directorate. Users are offered 30-plus assets: bitcoins, ethereum, digitized gold, etc. More than a million people visit the official website every day. 

The service is characterized by high security. It is registered in the EU and complies with the PSD2 directive. All client assets are placed in "cold" vaults (offline), which minimizes the risk of their loss/theft (exception: the very moment of the transaction).

About Coinbase Exchange

coinbase

Coinbase is a reputable trading platform with a solid trading volume and high capitalization. The crypto-exchange allows verified users to earn money from exchanging or trading transactions. In addition, Coinbase online wallet is available for everyone, using which you can safely store cryptocurrencies, complying with all terms and conditions of the service.

Coinbase is a regulated company with offices in the UK (CB Payments, Ltd) and Kenya (Coinbase Ascending Markets Kenya Limited). It owns many cryptocurrency services. It started operating in 2012. Coinbase has the necessary licenses to operate in most U.S. states.

Comparative analysis of Bitpanda and Coinbase exchanges

Available features

Both crypto-exchanges focus on cryptocurrency trading. 

Bitpanda offers: 

  • Savings Plan
  • Swap
  • ETFs

Coinbase offers:

  • Loans secured in bitcoins and annual interest rate up to 8%
  • Own learning platform
  • Demo-account

Available countries

Bitpanda and Coinbase exchanges are available in more than 100 countries. These exchanges do not provide trading services in sanctioned countries. 

Payment methods

You can fund your Bitpanda and Coinbase account with a bank card, PayPal or cryptocurrency.

Card Support

All types of bank cards from supported countries are available on Bitpanda and Coinbase.

Available Cryptos and Tokens

Bitpanda currently supports 57 trading pairs and 34 coins. 

While Coinbase supports 533 trading pairs and 219 coins.

Verification (KYC)

For security purposes, Bitpanda verifies identity before giving you unique logins to withdraw or deposit on the site. This is understandable, as Bitpanda's regulation is transparent.

Creating a user account on Coinbase only allows you to use an online cryptocurrency wallet. In order to make conversions and trade, earning on price differences of exchange assets, it is necessary to verify an account in the system. In other words, it is required to enter contact information with its documentary proof. This option is not available for all countries.

Account deposit

Exchanges offer the following options for funding the account:

  • Crediting a fiat account with a card or payment system
  • Purchase from a card
  • Direct transfer of cryptocurrency to the exchange address

Comparison of Trading Fees

Bitpanda:

  • 0.05% - 0.15%

Coinbase:

  • Spot market - 0.04%/0.06% (maker/stacker)
  • Spot market (some stabelcoin pairs) - 0%/0.01% (maker/staker)

Account security

The data you share with Bitpanda is shared with several third parties for verification and marketing purposes. However, Bitpanda implements several security measures to keep your data safe. All data transferred from your computer to Bitpanda is encrypted using SSL technology. You can enable two-factor authentication right after registration. The systems used by Bitpanda are fully encrypted. Personal data is anonymized and pseudonymized. Logging into offices, as well as access and management of systems, is restricted. Backups and other methods of quick recovery of personal data are used. In the event of a physical or technical incident, your data remains secure. Preventing enumeration and other design details keeps your data safe. The effectiveness of the technical and organizational parts of the security measures are constantly reviewed and evaluated. Bug Bounty helps to ensure maximum security.

At Coinbase the level of protection is as follows: Password, Confirmation by SMS, 2FA, Hardware keys.
It is possible to configure at what amount of money is sent the exchange will ask for two-factor authentication.

Passive earn on exchanges

Bitpanda create your commission-free savings plan for any of the 7 crypto indices, including DeFi, Infrastructure and Media & Entertainment. No more buying commissions, no more reminders, just simple, automated investments.

Coinbase has Ethereum 2.0, Tezos, Cosmos, Solana, Algorand, Cardano cryptocurrency stacking feature with yields up to 6% p.a. (varies).

Which to choose - Bitpanda or Coinbase

Coinbase is a much more famous and popular exchange. Coinbase offers top functionality and low commissions. Most users choose Coinbase. Bitpanda is also noteworthy because it has its own interesting features.

Disclaimer:

NFTs trading entails a high level of risk and is not suited for all investors. You should carefully evaluate your investment objectives, degree of experience, and risk appetite before deciding to trade cryptocurrencies. You should not invest money that you cannot afford to lose because there is a chance that you will lose some or all of your initial investment.

You should be aware of all the dangers connected with cryptocurrency trading and seek counsel from a financial expert who is not affiliated with any cryptocurrency exchange. This website's opinions, news, research, analysis, pricing, and other information are offered as general market commentary and do not represent investment advice.

FAQs

Is Bitpanda a good platform?

Yes, Bitpanda has long-established itself as an excellent trading platform.

Where is Bitpanda based?

Bitpanda is a centralized cryptocurrency exchange established in 2019 and is registered in Austria.

Is my money safe with Coinbase?

Yes, of course. Coinbase is a fully legal exchange which has passed many audits.

Is Coinbase better than Bitpanda?

Coinbase is better than Bitpanda by many indicators. But the choice is yours.

Conclusion

Coinbase itself is a quality crypto exchange, it has a lot of advantages, professional trading tools, user-friendly interface, an extensive knowledge base with instructions. Bitpanda is also an excellent exchange with good functionality. Make a choice according to the criteria that are key for you.

Disclaimer:

You should be aware of all the dangers connected with cryptocurrency trading and seek counsel from a financial expert who is not affiliated with any cryptocurrency exchange. This website's opinions, news, research, analysis, pricing, and other information are offered as general market commentary and do not represent investment advice.

Comparison of other exchanges

Jack Evans


I became a crypto asset owner in 2014, when the industry was in its infancy. Before that, I was working in the classic US and European stock markets. Since then, I have gained extensive experience in both cryptocurrency investing and day trading. I am happy to share with readers my experience with crypto exchanges, DeFi and NFT instruments.

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