Coinbase vs Bitpanda - providers compared
In this article, we compare Coinbase and Bitpanda and explain which platform is more suitable for you. The platforms differ considerably in some important aspects.
Comparison of Coinbase vs Bitpanda - this is how Coinbase performs
- On Coinbase you can buy and sell Bitcoin, Ethereum, Litecoin and Bitcoin Cash. As with Bitpanda, these are available directly from the provider and not on a marketplace.
- Coinbase was founded in 2011 with headquarters in San Francisco. The company has over 13 million users from 32 countries. It is the largest platform for buying and selling cryptocurrency.
- For Coinbase, user-friendliness and security come first. Compared to Bitpanda, Coinbase therefore makes buying and selling cryptocurrency even easier. Both platforms are suitable for beginners.
- If you want to have your currency paid out at Coinbase, this is quick and reliable. Due to Coinbase's high liquidity, the company has no bottlenecks here.
- There was still no hack at Coinbase. That speaks very much for the security of the American provider.
- If trading with Bitcoin, Ethereum, Litecoin and Bitcoin Cash is enough for you, you should take Coinbase. If Dash and Ripple are of interest to you, read on.
This is what Bitpanda offers
- Bitpanda offers you to buy and sell Bitcoin, Ethereum, Dash, Litecoin, Bitcoin Cash and Ripple. This means the platform has two more cryptocurrencies than Coinbase.
- The company was founded in 2014 and comes from Austria. The founders aimed to make buying and selling Bitcoin as easy as possible.
- Bitpanda strikes a good compromise between user-friendliness and features. There are two more cryptocurrencies available and yet the platform is very clear.
- Withdrawals like with Coinbase are not possible with Bitpanda. Here you have to send your cryptocurrency to another address and then sell it from there. That makes Coinbase better.
- Bitpanda has not been hacked either. So there is a tie between the two providers. Despite the high level of security, be careful not to have too much cryptocurrency on one platform.
- Bitpanda is a very good alternative to Coinbase. So if you want to trade more than four cryptocurrencies, you can safely use Bitpanda as a trading platform.
In the next practical tips, we will show you how to make money online with cryptocurrency and make a comparison between Bitcoin and Ethereum.