Compare Coinbase vs CoinSpot
As the digital world expands, so too does our consciousness about the burgeoning field of cryptocurrencies. This article aims to present an in-depth comparison between two of the leading cryptocurrency exchanges in the global market - Coinbase and CoinSpot. Notably, each platform possesses a unique set of features, services, and a diverse range of available cryptocurrencies, making it necessary to carry out a detailed evaluation to help prospective users make an informed decision.
| Company | ||
|---|---|---|
| User rating | 13 user review | 21 user review |
| Cryptogeek rating | ||
| Trust Score How it works |
User rating
| 13 user review | 21 user review |
Cryptogeek rating
Trust Score
How it worksAbout
|
Coinbase is a leading digital currency platform and wallet where sellers and buyers can transact with new types of digital currencies such as Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. The exchange was founded by Brian Armstrong and Fred Ehrsam in 2012 and is based in San Francisco, California. They focus on the US market, however, the company currently operates in 31 countries and offers storage of bitcoins in 190 countries around the world.
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CoinSpot is one of the most popular cryptocurrency exchanges in Australia. The platform was founded in 2013 in Melbourne and it is one of Australia's earliest cryptocurrency exchanges. Its easy-to-use interface is like a breath of fresh air that shows other exchanges what to look up to.
The most difficult thing is to decide which cryptocurrency to buy and how much money to invest since CoinSpot truly has the most full list of crypto assets to trade. The process of buying and selling is actually very simple.
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Founding Date
| 2012 | 2013 |
Country
| USA | Australia |
Type
| Centralized | Centralized |
Languages
| Portuguese, German, French, Spanish, Italian, Dutch, Turkish, Polish | English |
Mobile app
| iOS, Android | iOS, Android |
Full address
| 548 Market St #23008 San Francisco, CA 94104 | The exchange does not disclose its location |
Fees
|
PRICING TIER: TAKER FEE / MAKER FEE Up to $10k: 0.50% / 0.50% $10k-$50k: 0.35% / 0.35% $50k-$100k: 0.25% / 0.15% $100k-$1m: 0.20% / 0.10% $1m-$10m: 0.18% / 0.08% $10m-$50m: 0.15% / 0.05% $50m-$100m: 0.10% / 0.00% $100m-$300m: 0.07% / 0.00% $300m-$500m: 0.06% / 0.00% |
Trading Type Fee Market Orders 0.1% OTC 0.1% Instant Buy, Sell and Swap 1% Take Profit, Stop & Limit Orders 1% Recurring Buy 1% AUD Deposits/Withdrawals Type Fee POLi, PayID, Direct Deposits Free BPAY 0.9% Cash 2.5% Withdraw AUD Free Full fee schedule: https://www.coinspot.com.au/fees |
| About |
Coinbase is a leading digital currency platform and wallet where sellers and buyers can transact with new types of digital currencies such as Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. The exchange was founded by Brian Armstrong and Fred Ehrsam in 2012 and is based in San Francisco, California. They focus on the US market, however, the company currently operates in 31 countries and offers storage of bitcoins in 190 countries around the world.
|
CoinSpot is one of the most popular cryptocurrency exchanges in Australia. The platform was founded in 2013 in Melbourne and it is one of Australia's earliest cryptocurrency exchanges. Its easy-to-use interface is like a breath of fresh air that shows other exchanges what to look up to.
The most difficult thing is to decide which cryptocurrency to buy and how much money to invest since CoinSpot truly has the most full list of crypto assets to trade. The process of buying and selling is actually very simple.
|
|---|---|---|
| Founding Date | Founding Date 2012 | Founding Date 2013 |
| Country | Country USA | Country Australia |
| Type | Type Centralized | Type Centralized |
| Languages | Languages Portuguese, German, French, Spanish, Italian, Dutch, Turkish, Polish | Languages English |
| Mobile app | Mobile app iOS, Android | Mobile app iOS, Android |
| Full address | Full address 548 Market St #23008 San Francisco, CA 94104 | Full address The exchange does not disclose its location |
| Fees |
Fees
PRICING TIER: TAKER FEE / MAKER FEE Up to $10k: 0.50% / 0.50% $10k-$50k: 0.35% / 0.35% $50k-$100k: 0.25% / 0.15% $100k-$1m: 0.20% / 0.10% $1m-$10m: 0.18% / 0.08% $10m-$50m: 0.15% / 0.05% $50m-$100m: 0.10% / 0.00% $100m-$300m: 0.07% / 0.00% $300m-$500m: 0.06% / 0.00% |
Fees
Trading Type Fee Market Orders 0.1% OTC 0.1% Instant Buy, Sell and Swap 1% Take Profit, Stop & Limit Orders 1% Recurring Buy 1% AUD Deposits/Withdrawals Type Fee POLi, PayID, Direct Deposits Free BPAY 0.9% Cash 2.5% Withdraw AUD Free Full fee schedule: https://www.coinspot.com.au/fees |
Trading
Coinbase trading volume is 128,979,540.0. The exchange has 78 available trading pairs. Fiat trading is available on the exchange. Margin trading is not available.
CoinSpot trading volume is 0. The exchange has 500 available trading pairs. Fiat trading is available on the exchange. Margin trading is not available.
Please note: The bigger number of available trading pairs provides you with more trading opportunities, but may cause technological shortcomings at the same time.
Volume
| 128979540 | 0 |
Pairs
| 78 | 500 |
Coins
| 29 | 164 |
Fiat trading
Deposit
| Free | Depends on currency and volume |
Fees
| Percentage | Percentage |
Margin
| - | - |
| Volume | Volume 128979540 | Volume 0 |
|---|---|---|
| Pairs | Pairs 78 | Pairs 500 |
| Coins | Coins 29 | Coins 164 |
| Fiat trading | Fiat trading | Fiat trading |
| Deposit | Deposit Free | Deposit Depends on currency and volume |
| Fees | Fees Percentage | Fees Percentage |
| Margin | Margin - | Margin - |
Safety
Two factor authentication
Verified
| Verified | Verified |
| Two factor authentication | Two factor authentication | Two factor authentication |
|---|---|---|
| Verified | Verified Verified | Verified Verified |
Social
Website
| coinbase-consumer.sjv.io | www.coinspot.com.au |
| @coinbase | coinspotau |
Number of followers
| 1100000 | 17200 |
| Website | Website coinbase-consumer.sjv.io | Website www.coinspot.com.au |
|---|---|---|
| Twitter @coinbase | Twitter coinspotau | |
| Number of followers | Number of followers 1100000 | Number of followers 17200 |
Rating
| User rating | 13 user review | 21 user review |
|---|---|---|
| Cryptogeek rating |
Cryptogeek summary
In conclusion, both Coinbase and CoinSpot stand as prominent players in the world of cryptocurrency trading. Though each platform has its own set of pros and cons, the choice ultimately boils down to the individual user's specific needs and preferences. While Coinbase may appeal more to those well-versed in digital finance and seeking advanced features, CoinSpot might be the preferred choice for novices requiring a more straightforward trading experience. It is imperative for users to conduct their own research and decide which platform aligns best with their investment goals.
| We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score? |
|---|
| We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score? |
On this page, you can compare Coinbase with CoinSpot. Which exchange is better to use? You can compare exchange characteristics, fees, trading features, safety, and social media presence.
At the end of this page, you can see our final ratings for both exchanges.
In the table below you can see general information on both exchanges. Coinbase was founded in 2012 in USA. CoinSpot was founded in 2013 in Australia.
When choosing an exchange for trading, you should take into account how long it has been an active market player. Older exchanges usually have a good reputation and tend to be more reliable. It may be a good decision to use the older exchange, which is Coinbase. At the same time, newer projects may be more technologically advanced.
You should also pay attention to where the exchange is located. Some countries have strict financial regulations, which makes it difficult to seek court assistance when needed.
Coinbase is Centralized and CoinSpot is Centralized. You can read more about the pros and cons of centralized and decentralized exchanges in this article.
Coinbase has a mobile app available for iOS and Android. CoinSpot has a mobile app available for iOS and Android.
Coinbase has 8 languages available, including Portuguese, German, French, Spanish, Italian, Dutch, Turkish and Polish. CoinSpot has 1 language available, which is English.