These two companies have been in the game for more than 5 years now. They have both experienced seamless operations over the years and built a reputation as two of the best crypto exchange platforms. This being the case, it can be really difficult to determine which the better platform is, when comparing Bitstamp and Coinbase.
Even so, we will try and compare the two as follows:
PART 1: Bitstamp VS Coinbase Key: What is the major difference?
Just like many other platforms the main difference between Bitstamp and Coinbase is demographical. Simply, Coinbase is an ideal platform for beginners while Bitstamp is very technical to be used by new traders. While buying cryptocurrency on Coinbase is as simple as buying a product from your PayPal account, the same cannot be said of Bitstamp. In contrast, to purchase on Bitstamp you have to go through a tedious and hectic verification process; not forgetting the complex trading screens that will meet on your first day.
PART 2: Bitstamp VS Coinbase: Trade
- Coinbase supports Ethereum, Bitcoin and Litecoin while in addition to the three, Bitstamp supports Ripple. Further, you can earn $10 free by clicking on this link today to join Coinbase.
- On flat currencies, Bitstamp only supports Euros and $US. Coinbase supports the two as well as the British Pound.
- Bitstamp is available globally. However, bank transfers and credit cards are only allowed for EU and US traders. The rest can make payments only via cards. For Coinbase it’s only available in 32 countries worldwide though with no such limitations.
- In terms of fees, Coinbase is much more expensive charging between 1.49% and 3.99% compared to Bitstamp’s 0.10% to 0.25% which depends on trading amount.
Moreover, depending on whether you are using a credit card, SEPA or wire transfer the transaction fee will vary as below:
- Bitstamp has no buying limits. Coinbase has a weekly limit of $50,000.
PART 3: Bitstamp VS Coinbase: Which is more trustworthy?
- Both companies are extremely reliable. Bitstamp and Coinbase are some of the oldest exchange platforms having been founded sometimes back in 2011 and 2012 respectively. Their reputation is unquestionable with Coinbase having investors such as New York Stock Exchange and Bitstamp with the likes of Fortress Investment Group. However, with Bitstamp being more focused to Europe it can’t match the popularity of Coinbase.
- When it comes to security, Coinbase is flawless. The same cannot be said of Bitstamp which was once hacked in 2015 and lost BTCs worth about 5.1 million dollars. However, they compensated their users and have since upgraded their game and restored public faith.
- In terms customer support, Coinbase provides a 24-48hr response via email tickets and also phone calls. Bitstamp can only be reached via email though thy promptly respond to their users.
PART 4: Bitstamp VS Coinbase Conclusion
Clearly, these are two reputable platforms with unraveled efficiency. They have been through the lows and highs of the crypto ecosystem but have equivocally had their way. Additionally, Bitstamp is a very popular platform in the EU countries of which the same is true for Coinbase in the US. This being the case, many EU members prefer Bitstamp just as many Americans will go for Coinbase. NOTE!!! You can get 10 USD of BTC by clicking on this Coinbase Promo Code.
Read more about Coinbase comparison: