Bitpanda vs Coinbase Comparison 2024: Which Crypto Platform is better?
Coinbase and Bitpanda are popular cryptocurrency trading platforms with a long record of operation offering a secure and reliable way to trade crypto assets.
In this comparison of Bitpanda vs. Coinbase, we reveal the differences and commonalities of these platforms, helping you decide whether Bitpanda or Coinbase is better.
Registration and KYC
Both Bitpanda and Coinbase require identity verification when registering, which usually consists of scanning your government-issued ID or entering a verification video call.
In our practical test, Coinbase had a slightly faster registration than Bitpanda, but this can vary from case to case. In the end, registering a new account on Bitpanda and Coinbase is similarly fast that takes 5-10 minutes on average.
Tradable Assets: Bitpanda vs Coinbase
The Coinbase exchange is limited to trading cryptocurrencies, while
Bitpanda is a multi-asset trading platform that offers cryptocurrencies, crypto indices, stocks, ETFs, commodities, CFD leverage trading, and more.
| Bitpanda | Coinbase | |
|---|---|---|
| Cryptocurrencies | Yes | Yes |
| CFDs | Yes | No |
| Crypto Indices | Yes | No |
| Derivates | Yes | No |
| ETFs | Yes | No |
| Precious Metals | Yes | No |
| Stocks | Yes | No |
This means that for investors who are potentially interested in investing in more assets than just cryptocurrencies, Bitpanda is a better option than Coinbase.
Trading Platform: Bitpanda vs Coinbase
Both Bitpanda and Coinbase offer a very similar trading experience that includes both a simple and an advanced trading version.
Users of Bitpanda and Coinbase can trade on either a mobile app or a web version for Desktop devices, making both platforms equally suitable for mobile and desktop users.
By default, Coinbase and Bitpanda come with a highly beginner-friendly interface that allows anyone to trade crypto in just a few clicks.
We even think that the ease of use is the main advantage of both platforms in the comparison of Bitpanda vs. Coinbase. This is because, compared to somewhat less simple crypto exchanges such as Bitvavo, trading on Bitpanda and Coinbase is associated with quite high fees.
Advanced Crypto Trading
Besides offering easy trading that is suitable for beginners, Bitpanda and Coinbase both also have advanced trading platforms for experienced cryptocurrency traders.
With Bitpanda Pro and
Coinbase Advanced Trade , users can trade cryptocurrencies at lower fees and with more advanced features, such as limit orders and trading charts.
One major difference between the advanced trading mode of Bitpanda and Coinbase is the selection of cryptocurrencies: Coinbase Advanced Trade offers trading pairs for nearly all 230+ of cryptocurrencies on Coinbase, while Bitpanda Pro only has a small fraction of crypto assets listed.
Trading Platform: Bitpanda or Coinbase?
For ease and convenience of usage, Bitpanda has received a rating of 92/100 points, in comparison to Coinbase's rating of 92/100. Yet, both the advanced and simple trading interfaces of Bitpanda and Coinbase seem nearly identical in practice.
The more significant differences in terms of trading on Bitpanda vs Coinbase which make the trading platform of Bitpanda slightly better are the associated trading fees.
Fees: Bitpanda vs Coinbase
Both Bitpanda and Coinbase have a similar fee structure with higher trading fees for the default trading mode and rather low fees for advanced trading.
| Bitpanda | Coinbase | |
|---|---|---|
| Default Crypto Trading Fee | 1.49% | 1.49% |
| Advanced Trading Fee | 1.49% | 0-0.6% |
| Average Trading Fees | 1.49% | 0.90% |
| Inactivity Fees | 0% | 0% |
The default trading mode of Coinbase involves a trading fee of 1.49%+, while Bitpanda employs a fixed trading fee of 1.49% for its default cryptocurrency trading mode.
While both these default trading fees are on the higher end, fees on Bitpanda are better overall compared to Coinbase, especially when it comes to trading lower amounts of crypto.
Trading Fees: Bitpanda Pro vs Coinbase Advanced Trade
Trading in advanced mode comes with fees of 1.49% on Bitpanda Pro in comparison to 0-0.6% on
Coinbase Advanced Trade .
Both Bitpanda Pro and Coinbase Advanced Trade have progressive fee structures, meaning that you pay fewer fees the higher your monthly trading volume is.
Below you can see a detailed comparison of trading fees of the advanced trading modes of Coinbase vs. Bitpanda.
| Monthly Trading Volume | Bitpanda | Coinbase |
|---|---|---|
| < 10,000$ | 1.49% | 0.4-0.6% |
| < 50,000$ | 1.49% | 0.25-0.4% |
| < 100,000$ | 1.49% | 0.15-0.25% |
| < 1,000,000$ | 1.49% | 0.1-0.2% |
| < 15,000,000$ | 1.49% | 0.08-0.18% |
| < 75,000,000$ | 1.49% | 0.06-0.16% |
| < 250,000,000$ | 1.49% | 0.03-0.12% |
| < 400,000,000$ | 1.49% | 0-0.08% |
| >= 400,000,000$ | 1.49% | 0-0.05% |
Just as in the easy trading mode, fees on Bitpanda Pro are lower and hence better than those on Coinbase Advanced, marking another advantage of Bitpanda.
We have rated the trading fees of Bitpanda with 83/100 and those of Coinbase with 77/100 in our comparison, making Coinbase our overall comparison winner in terms of fees.
Regulations: Bitpanda vs Coinbase
Bitpanda and Coinbase both shine in terms of regulatory security, as both these platforms focus on obtaining licenses that make their operations legal and secure.
As opposed to many other crypto exchanges, Coinbase and
Bitpanda are strictly regulated -- especially in Europe, where both these platforms operate under an exchange license from the German BaFin.
| Bitpanda | Coinbase | |
|---|---|---|
| Based In | Austria | United States |
| Regulated by | 🇩🇪 BaFin, 🇦🇹 FMA | 🇦🇺 AUSTRAC, 🇩🇪 BaFin, 🇮🇪 CBI, 🇳🇱 DNB, 🇬🇧 FCA, 🇺🇸 FinCEN |
| Exchange License | Yes | Yes |
In terms of internal security measures and regulations, Bitpanda and Coinbase compare equally well.
Something worth mentioning is that Coinbase is regulated in more regions worldwide than Bitpanda, making Coinbase the better choice for international users.
Who is better: Bitpanda or Coinbase?
In our comparison of Bitpanda vs. Coinbase, the platforms compare nearly identically in most major factors related to cryptocurrency trading.
The major benefits of Bitpanda over Coinbase are lower trading fees and a wider range of tradable assets, especially in the advanced trading mode, which makes us recommend Bitpanda over Coinbase.
Coinbase on the other hand offers trading of more crypto assets compared to Bitpanda Pro, making Coinbase better for fans of very specific, small-cap cryptocurrencies.
Below you can find an overview of ratings given in this comparison, which should help you decide whether Bitpanda or Coinbase is better:
| Bitpanda | Coinbase | |
|---|---|---|
| Registration Procedure | 90% | 90% |
| Tradable Coins | 96% | 97% |
| Trading Fees | 83% | 77% |
| Ease of Usage | 92% | 92% |
| Features | 94% | 94% |
| Final Rating | 91% | 90% |
As a final result of our Coinbase vs. Bitpanda comparison, Bitpanda has received a rating of 91/100 points, while
Coinbase received 90/100.
This makes Bitpanda the winner of our comparison, and therefore the recommended crypto trading platform compared to Coinbase.