As the two largest US-based cryptocurrency exchanges, Coinbase and Bittrex have a lot in common. They both offer a wide variety of coins, a user-friendly interface, and robust security. So which one is better?
The answer may depend on what you’re looking for in an exchange. If you’re new to cryptocurrency and want an easy-to-use platform with a built-in wallet, Coinbase may be the better option.
On the other hand, if you’re more experienced and looking for lower fees and more altcoin options, Bittrex may be better suited to your needs.
Here’s a more detailed look at how Coinbase and Bittrex compare on important factors like fees, security, coin selection, and ease of use.
Fees:
Coinbase charges a flat fee of 4% for all crypto purchases and sales. This is higher than Bittrex’s 0.25% per trade fee (or 0.
1% if you have a 25,000+ BAT trading volume in a 30-day period). So if you’re looking to save on fees, Bittrex is the better choice.
Security:
Both Coinbase and Bittrex have strong security protocols in place to protect user data and funds. Coinbase stores 98% of customer funds offline in cold storage wallets, while Bittrex keeps about 80% of its coins in cold storage.
NOTE: This is a subjective question, and the answer depends on many factors such as your individual preferences and experience with cryptocurrency trading. As such, it is not possible to definitively determine which exchange is better; instead, it is best to research both Coinbase and Bittrex individually and compare their features before making a decision. Additionally, you should always practice responsible trading habits by diversifying your portfolio and exercising caution when investing in cryptocurrency.
Both exchanges offer 2-factor authentication for additional account protection. Overall, it’s fair to say that both platforms are equally secure.
Coin Selection:
Coinbase offers a limited selection of coins compared to Bittrex – just four coins (BTC, ETH, LTC, and BCH) compared to over 190 on Bittrex. So if you’re looking to trade a specific altcoin that’s not offered on Coinbase, you’ll need to go with Bittrex instead.
Ease of Use:
Coinbase has a user-friendly interface that’s perfect for beginners just getting into cryptocurrency trading. The platform is also available in 32 countries (compared to just over 50 for Bittrex), so it may be more accessible depending on your location.
That said, both exchanges are fairly easy to use once you get the hang of things.
Conclusion:
So is Coinbase better than Bittrex? It depends on what you’re looking for in an exchange. If low fees and a wide selection of coins are your top priorities, Bittrex is the better choice.
However, if you prefer an easy-to-use platform with built-in wallet features, Coinbase may be more your speed.
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