Bitvavo vs Coinbase in Comparison for 2024: Which Crypto Exchange is better?
Bitvavo is a very special competitor of the long-established cryptocurrency exchange Coinbase. As the nearly identical color themes of these two crypto exchanges suggest, Bitvavo and Coinbase offer a similar user experience, that is worth taking a deeper look at.
To reveal the commonalities and major differences between Coinbase and Bitvavo, we compared the two exchanges in important factors, to conclude which cryptocurrency exchange is better - Bitvavo or Coinbase?
Registration
For the vast majority of users, registration on both Coinbase and Bitvavo will be easily done within 5 minutes on average.
This is because Bitvavo and Coinbase employ similar KYC verification that requires users to take pictures of their ID during registration and enter some personal details.
In our practical comparison test, registration on Bitvavo was slightly faster than on Coinbase. This fact has led us to rate the process registering on Bitvavo with 96/100 and on Coinbase with 90/100.
Payment Methods: Coinbase vs Bitvavo
While the payment methods of Bitvavo and Coinbase are more or less similar, Bitvavo has one major advantage of offering PayPal deposits.
The fact that Bitvavo offers PayPal, while Coinbase does not, may be the deciding factor for investors who do not own euros or US-Dollars. In that case, depositing money onto Bitvavo is significantly easier than on Coinbase.
| Bitvavo | Coinbase | |
|---|---|---|
| Bank transfers | Yes | Yes |
| PayPal | Yes | Yes |
| Klarna | Yes | Yes |
| GiroPay | Yes | No |
| Bank Transfer | Yes | Yes |
| VISA | Yes | Yes |
| Mastercard | Yes | Yes |
Trading Platform: Coinbase vs Bitvavo
On the surface, Bitvavo and Coinbase offer a very similar crypto investing experience on mobile phones and Desktop devices.
This is because Bitvavo and Coinbase offer similarly themed easy trading modes that leave no room for errors and advanced modes with lots of features for traders.
Furthermore, Bitvavo and
Coinbase have a similarly large selection of tradable coins on their exchange, with 175+ coins on Bitvavo and 230+ coins on Coinbase.
Simple Trading
With Bitvavo's and Coinbase's default trading modes, beginners can get started investing in cryptocurrencies in a similarly easy way.
However, at a closer look, the default trading mode of Bitvavo comes with a major advantage over Coinbase when it comes to cost efficiency for the following reason:
The easy trading mode of Bitvavo benefits from very low trading fees, which is by far not the case for Coinbase.
This fact makes Bitvavo more beginner-friendly than Coinbase, as it empowers beginners to utilize the platform to the fullest without having to use complex trading interfaces.
Advanced Trading
Bitvavo and Coinbase offer advanced cryptocurrency exchanges with more refined features, such as limit orders without spread and advanced trading charts.
Namely, the interfaces Bitvavo Advanced and
Coinbase Advanced make these two crypto exchanges highly suitable for advanced traders.
One common benefit in this Bitvavo vs Coinbase comparison is that both crypto exchanges offer trading of all of their cryptocurrencies in advanced trading mode.
The features and interfaces of advanced trading on Bitvavo and Coinbase are nearly identical, with one major difference: trading fees. This leads us to the next major factor in this Coinbase vs Bitvavo comparison.
Fees: Coinbase vs Bitvavo
The clearest differences in this comparison of Coinbase vs Bitvavo are trading fees, on both the easy and advanced trading modes.
While Bitvavo only charges trading fees of 0-0.25%, Coinbase has a higher fee of 0-1.49% across its platform.
| Bitvavo | Coinbase | |
|---|---|---|
| Default Trading Fee | 0-0.25% | 0-3% |
| Advanced Trading Fee | 0-0.25% | 0-0.6% |
| Average Trading Fees | 0.13% | 0.90% |
| Inactivity Fees | 0% | 0% |
The crypto exchange Bitvavo is the clear comparison winner over Coinbase in terms of fees across the entire exchange platform.
In fact, the significantly lower trading fees on Bitvavo are the main reason why we recommend Bitvavo over Coinbase.
Trading Fees: Coinbase Advanced vs Bitvavo Advanced
The advanced trading interfaces of Bitvavo and Coinbase generally come with lower trading fees. This is because Bitvavo Advanced and
Coinbase Advanced both are cryptocurrency exchanges that allow for trades without a spread or commissions for brokers.
Below you can find a detailed breakdown of the trading fees on Bitvavo Advanced vs Coinbase Advanced.
| Monthly Trading Volume | Bitvavo Advanced | Coinbase Advanced |
|---|---|---|
| < 10,000$ | 0.15-0.25% | 0.4-0.6% |
| < 50,000$ | 0.15-0.25% | 0.25-0.4% |
| < 100,000€ | 0.15-0.25% | 0.15-0.25% |
| < 250,000€ | 0.1-0.2% | 0.1-0.2% |
| < 500,000€ | 0.08-0.16% | 0.1-0.2% |
| < 1,000,000€ | 0.06-0.12% | 0.1-0.2% |
| < 2,500,000€ | 0.05-0.1% | 0.08-0.18% |
| < 5,000,000€ | 0.04-0.08% | 0.08-0.18% |
| < 10,000,000€ | 0.04-0.06% | 0.08-0.18% |
| < 15,000,000$ | 0.03-0.05% | 0.08-0.18% |
| < 25,000,000€ | 0.03-0.05% | 0.06-0.16% |
| < 75,000,000$ | 0.03-0.04% | 0.06-0.16% |
| < 250,000,000$ | 0.03-0.04% | 0.03-0.12% |
| < 400,000,000$ | 0.03-0.04% | 0-0.08% |
| >= 400,000,000$ | 0.03-0.04% | 0-0.05% |
Once again, this makes Bitvavo not only better than Coinbase in terms of instant trading fees, but also in terms of fees for advanced trading. Therefore, Bitvavo is a better option than Coinbase for anyone valuing low trading fees and cost efficiency.
As a result, Bitvavo was rated with 97/100 for its average trading fees of 0.13%, while Coinbase was given 77/100 for its average trading fees of 0.90%.
Regulations: Coinbase vs Bitvavo
Regulatory security and compliance are important factors for every legitimate crypto exchange, marking it an important factor in the comparison of Bitvavo vs Coinbase.
In this regard, Bitvavo and Coinbase show major differences, as Coinbase is regulated around the world, while Bitvavo has minor regulations in Europe.
This makes Coinbase more suitable than Bitvavo for international cryptocurrency investors and safer for storing funds long-term.
Ultimately, while users of Coinbase benefit from higher regulatory safety, relatively secure and reliable crypto trading should be given on both Bitvavo and Coinbase.
Comparison Results: Coinbase or Bitvavo?
Bitvavo and Coinbase are promising cryptocurrency exchanges with a unique set of strengths and weaknesses.
In this comparison, Bitvavo particularly shined with lower trading fees than Coinbase, while Coinbase shows to be more regulated than Bitvavo.
This makes us recommend Bitvavo to users who value low fees and at best plan to hold their cryptocurrencies on their own, while
Coinbase is a better option for those who prioritize security.
The following comparison results should help you decide whether Bitvavo or Coinbase is better:
| Bitvavo | Coinbase | |
|---|---|---|
| Account Opening | 96 | 90 |
| Available Coins | 96 | 97 |
| Trading Fees | 97 | 77 |
| Beginner Friendliness | 91 | 92 |
| Features | 90 | 94 |
| Final Rating | 94 | 90 |
As a result, Bitvavo is the comparison winner with a rating of 94/100 points compared to Coinbase with a final rating of 90/100.