Comparison of Coinbase vs Bitrue [ 2024 ]

The crypto exchanges compared by their commissions, cryptos, security and much more. Here is the Coinbase vs Bitrue comparison!

Your expert: Alejandro Borja

Coinbase

Your expert: Xavier Tarrasó

Bitrue

Main points

Fees

0,40%/0,60%

Earns

Yes

Customer service

4/5

0,01%/0,35%

Fees

Yes

Earns

4/5

Customer service

Recommended for

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold

Yes

Beginners

Yes

Trading

Yes

Passive income

Yes

Buy and hold

Comparison of fees

Rating

3.5 – Higher fees but strong security and ease of use.

4.0 – Low fees, particularly for XRP trading pairs.

Level

0,40%/0,60%

0,01%/0,35%

Brief explanation

Coinbase is known for its relatively higher fee structure, which can be a significant consideration for its users. The exchange charges a flat fee for smaller transactions and a percentage of the transaction amount for larger ones. Fees vary depending on the payment method used, such as credit/debit cards or bank transfers, and the country of the user. Additionally, Coinbase applies a spread of about 0.50% for cryptocurrency purchases and sales. While the fees may be higher compared to some other platforms, they are often justified by the high level of security, user-friendly services, and the robust infrastructure that Coinbase offers to its customers. This makes it especially appealing to new entrants to the cryptocurrency market who seek ease of use and reliability.

Bitrue’s commission structure is designed to be competitive and accessible for traders of all levels. The exchange utilizes a tiered fee system, where the fees decrease as a user’s trading volume increases, incentivizing active trading. Typically, trading fees range from 0.098% to 0.028% for takers and from 0.075% to 0.020% for makers, which are below industry averages. This structure makes Bitrue an attractive option for both high-volume traders seeking to minimize costs and newcomers looking to enter the crypto trading space affordably.

Coinbase

Year Founded: Established in 2012, Coinbase has a long-standing presence in the cryptocurrency market. This extensive history not only showcases its resilience and adaptability but also its ability to innovate and grow alongside the rapidly evolving crypto ecosystem.
Number of Users: With millions of users globally, Coinbase is one of the largest cryptocurrency exchanges. This large user base not only demonstrates trust and satisfaction among a significant portion of the crypto community but also contributes to its robust trading volume and liquidity.
Security Methods: Coinbase employs state-of-the-art security measures including two-factor authentication, cold storage of 98% of customer funds, and insurance to protect against theft or breaches of the online storage. This comprehensive approach to security helps ensure user funds are protected at all times.
Possible Regulation: Coinbase is known for its strong regulatory compliance, operating in accordance with major regulatory bodies in the U.S. and other jurisdictions. This adherence to strict regulatory standards ensures operational transparency and security for its users.
Reputation and Reviews: Over the years, Coinbase has built a solid reputation within the cryptocurrency community. Positive reviews from users and its standing in the industry as a reliable, easy-to-use platform further affirm its credibility and reliability as a top choice for both new and experienced cryptocurrency users.

Bitrue

Security Methods: Bitrue implements robust security measures to protect user assets. These include two-factor authentication (2FA), cold storage of the majority of funds to minimize exposure to potential hacks, and encryption technology to secure users' data. These stringent security protocols are a cornerstone of Bitrue’s reliability.
Year Founded: Established in 2018, Bitrue has quickly risen to prominence in the cryptocurrency space. Despite being relatively new, it has built a reputation for reliability and innovation, indicating a solid foundation and a commitment to long-term growth and stability.
Trading Volume and Liquidity: Bitrue boasts a high trading volume and liquidity, which is indicative of a healthy trading environment. High liquidity ensures that traders can execute transactions quickly and at predictable prices, making Bitrue an attractive platform for both casual and serious traders.
Customer Service: Bitrue is known for its responsive and helpful customer service. Having a reliable customer support team is essential in the crypto space where users often need quick and effective solutions to their issues. Bitrue's commitment to excellent customer service fosters trust and user satisfaction.
Reputation and Reviews: The exchange has garnered positive reviews and a good reputation within the cryptocurrency community. User feedback often highlights the platform's user-friendly interface, range of supported cryptocurrencies, and the reliability of its services. Positive community feedback and testimonials further reinforce the trustworthiness of Bitrue.

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Product selection

Native token

Token BTR (Bitrue Coin)

Earns

Yes

NFT marketplace

Yes

Cripto/debit card

Yes

Full name

Coinbase Global, Inc.

Bitrue

Regulation

Regulated in the EE. UU. y varios otros países

Not regulated

Year founded

2012

2018

Founder

Brian Armstrong and Fred Ehrsam

Curis Wang

Payment methods

Transfers

Yes

Mastercard

Yes

Wire transfer

Yes

Card

Yes

Comparative table

Coinbase	FEATURES	Bitrue
Coinbase allows relatively low minimum trade amounts, making it accessible for beginners.	Minimum Trade	Bitrue allows users to engage in trading with relatively low minimum trade requirements, making it accessible for beginners.
Fees are higher than average but justified by high security and user-friendly services.	Trading and Transaction Fees	Bitrue offers competitive trading fees that are lower than many other exchanges, though they can vary based on market conditions and trading volume.
Offers a wide range of cryptocurrencies, catering to both popular and niche market interests.	Number of Cryptocurrencies	Offers a wide range of cryptocurrencies, providing users with many trading options across popular and niche markets.
Provides a robust selection of trading pairs, allowing diverse trading strategies.	Crypto-to-Crypto Trading Pairs	Bitrue excels in offering a diverse array of crypto-to-crypto trading pairs, facilitating robust trading strategies.
Highly transparent about security measures, fees, and operational procedures.	Website Transparency	While Bitrue provides essential information, some users might find it difficult to locate detailed data about certain policies or operational aspects.
The card is widely accepted, allows users to earn cryptocurrency rewards on purchases, and integrates seamlessly with Coinbase accounts, enhancing the user experience for everyday transactions.	Credit/Debit Card	Bitrue lacks an exchange card feature, which is a notable omission compared to some competitors who provide this convenient service for everyday transactions.
Offers secure wallet services with a majority of assets stored in cold storage.	Storage Offering	Provides secure storage options with the integration of cold storage solutions, enhancing the safety of user funds.
Provides competitive staking rewards and incentives for various cryptocurrencies.	Staking and Rewards	One of Bitrue’s strengths, offering competitive staking options and rewards that are attractive to users looking to earn passive income.
Both platforms are user-friendly and highly functional, providing excellent trading experiences.	Mobile App and Desktop	Both the mobile app and desktop platform are well-designed, offering full functionality with occasional user interface complexities.
Offers adequate support, though response times can vary during peak periods.	Customer Service	Offers 24/7 customer support, though response times and the quality of support can vary, reflecting room for improvement.
Efficient deposit and withdrawal processes, with some limits and fees that vary by region.	Deposit and Withdraw	Bitrue provides a variety of deposit and withdrawal methods, although some users have reported delays with fiat transactions.

Key features

Analysis tools

User-friendly charts, basic tools

Basic charting tools

Mobile APP

Yes

Security

High 4,9/5

Additional features

Staking, Coinbase Earn educational rewards, recurring buys, Coinbase Pro exchange

Power Piggy staking, futures trading, Bitrue token (BTR) rewards, lending services

Anonymity

Yes

Key points

Available cryptocurrencies

100+

User-friendliness

Coinbase is known for its highly user-friendly interface, making it one of the best choices for beginners. The platform is simple to navigate, and buying and selling cryptocurrencies is straightforward and hassle-free.

Bitrue offers a user-friendly platform that is easy to navigate, catering to both beginners and experienced traders. The interface is designed to facilitate smooth and efficient trading.

Value for money

Provides reasonable value for money with higher fees but strong security features and a user-friendly interface, making it suitable for beginners.

Provides good value for money with low trading fees and a focus on XRP trading pairs, making it an attractive option for XRP enthusiasts.

Countries of operation

United States, Canada, United Kingdom, Europe, Australia

Singapore, United States, Canada, Australia, United Kingdom

Best for

Great for beginners who prioritize security and ease of use, despite higher fees compared to other exchanges.

Best for XRP enthusiasts and other traders looking for a platform with low trading fees and a focus on XRP trading pairs.

Base currencies available

USD, EUR, GBP, BTC

USD, USDT, BTC

Account

Trading

Coinbase is one of the most popular exchanges, especially for beginners. It offers a user-friendly platform, high security, and a good range of cryptocurrencies. However, its fees are higher compared to some other exchanges.

Bitrue offers a wide selection of cryptocurrencies and is known for its staking and loan services. It provides good liquidity but has faced some security issues in the past.

Deposit and withdrawal

Coinbase supports a wide range of deposit and withdrawal methods, including bank transfers, credit/debit cards, and cryptocurrencies. Withdrawals are processed efficiently, usually within a day, but fees can be higher compared to other exchanges .

Bitrue supports multiple deposit and withdrawal methods including bank transfers and crypto. Withdrawals are processed quickly, usually within 24 hours, with low fees.

Account opening process

Coinbase offers a user-friendly and seamless account opening process. Users need to provide personal information, verify their identity, and typically get their account approved within a day. It’s secure and efficient .

Bitrue provides a straightforward account registration process. Users need to submit personal details and verify their identity. The process is efficient and usually takes less than a day, ensuring quick access to trading.

KYC required?

Yes

Customer Service

Coinbase offers extensive customer support through email, live chat, and a detailed help center. Support is available 24/7, and the response times are quick, making it reliable for users globally .

Bitrue offers customer support via email and live chat. The support team is responsive, and support is available 24/7, ensuring users get timely help when needed.

Security

Coinbase employs extensive security measures, including 2FA, encryption, and cold storage. It is regulated by multiple financial authorities, making it a highly secure platform for investors .

Bitrue employs strong security features like 2FA, cold storage, and encryption. However, it lacks regulation from major financial authorities, which might be a concern for some investors.

Which of these exchanges is for you?

Alejandro Borja

As Threenvest reviews Coinbase, it is evident that this platform stands out as a robust and user-friendly gateway into the world of cryptocurrency trading. Ideal for both novice and experienced traders, Coinbase provides an intuitive interface, extensive educational resources, and a suite of trading options that cater to a broad spectrum of investment strategies. The security measures employed by Coinbase are commendable, with best practices like cold storage of funds, insurance, and stringent compliance with regulatory standards, ensuring a secure environment for digital asset trading. However, despite its many strengths, Coinbase does exhibit some limitations when compared against the broader landscape of cryptocurrency exchanges. The fee structure, particularly for small transactions and casual traders, can be notably higher than some of its competitors, which might deter those seeking more cost-effective trading options. Additionally, while Coinbase offers a substantial range of cryptocurrencies, it may not match the sheer volume of trading pairs available on platforms like Binance or Kraken. Nevertheless, Threenvest believes that for users who prioritize a secure, straightforward, and well-regulated trading experience, Coinbase remains an excellent choice. Our comprehensive review finds that while no platform is without its flaws, Coinbase’s commitment to security, ease of use, and continuous improvement align well with the needs of most cryptocurrency enthusiasts and investors.

Xavier Tarrasó

As an expert on our website, I recommend Bitrue for those interested in a diverse selection of cryptocurrencies and robust security features. In my experience, Bitrue’s platform is user-friendly and ideal for both beginners and experienced traders. The exchange’s commitment to maintaining competitive fees and offering a reliable customer support service makes it a solid choice for anyone looking to engage with the crypto market effectively.

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How do we review crypto exchanges?

At Threenvest, we conduct a thorough review process to evaluate and rank the world’s leading crypto exchanges. Our goal is to offer an unbiased assessment, providing you with the information you need to make informed decisions on which ones best suit your needs. We strictly adhere to the guidelines of our editorial policy.

We collect data directly from exchanges through detailed questionnaires and conduct first-hand testing and observations during crypto exchange demonstrations. Questionnaire responses, combined with demonstrations and hands-on research from our experts, feed into our proprietary evaluation process that scores each provider’s performance on more than 15 factors. The end result produces star ratings ranging from poor (one star) to excellent (five stars).

For more details on the categories considered when rating brokers and our process, read our full methodology.

Risk Disclaimer

Investing in cryptocurrencies is very risky, you should only invest the money you are willing to lose. Also you should not expect to be protected if something goes wrong.

Neither Threenvest, nor the author, are recommending you to invest with this article.