One of the common ways to get involved in crypto is through spot trading. With spot trading, traders invest in coins and sell them for a higher price. And there are way too many crypto exchanges out there that offer spot trading.
But among them, two of the popular names are Bitvavo and Coinbase. Both of the exchanges have pretty similar offerings but many key differences.
So the question is, Bitvavo vs Coinbase, which one is the best?
To help you out with this question, I have compared both the exchanges below:
Bitvavo vs Coinbase: At A Glance Comparison
Bitvavo is one of Europe’s leading exchanges out there. The exchange offers go-to solutions to both new and advanced crypto traders.
Also, the exchange claims to be the largest and most competitively priced exchange in the Netherlands. Using the exchange, one can buy, sell, deposit, and withdraw digital currencies.
Coinbase is one of the most popular cryptocurrency exchanges out there. The exchange is widely popular and available in 100+ countries. Also, it is one of the oldest cryptocurrency exchanges operating since 2012.
Using the exchange, one can easily buy and sell cryptocurrencies at a competitive price. Overall, it functions as your go-to platform for building your crypto portfolio.
Bitvavo vs Coinbase: Trading Markets, Products & Leverage Offered
When it comes to product offerings, both exchanges stands at an equal position. Since both of them are spot crypto exchanges. As a result, you are only allowed to buy or sell assets.
You don’t get trading markets like derivatives or crypto options trading with both Bivavo and Coinbase.
However, apart from simple crypto buying/selling and storing, Bitvavo offers you crypto staking as a service.
On the other side, Coinbase does offer you a crypto wallet compatible with dApps.
So you can use Coinbase to connect with Web3 applications and participate in staking, investing, and other trading activities.
Verdict: Since both platforms are spot crypto exchanges, so there is no comparison. But Coinbase is a winner in this case because it is compatible with Web3 apps.
Bitvavo vs Coinbase: Supported Cryptocurrencies
With both exchanges, you can buy or sell a huge number of assets. Both exchanges allow you to trade in the commonly known and most popular crypto tokens.
Taking about Bitvavo, you can buy, sell and store over 180 digital assets on the exchange. Some of the coins that can be found on the exchange are:
Coinbase supports the trading of more than 200 tokens with a mix of popular and new crypto tokens. Some of the tokens include:
Verdict: As you can see that Coinbase allows you to trade in the most number of crypto tokens, so it is the winner for this section.
Bitvavo vs Coinbase: Trading Fee & Deposit/Withdrawal Fee Compared
The trading fee is a key element that decides your overall profit and losses. So going with an exchange that has the lowest trading fee is an ideal choice.
Both Bitvavo and Coinbase follow a maker-and-taker fee model. And here is what their fees look like:
Bitvavo Trading Fees
Bitvavo has a tiered fee structure. The trading fee gets determined based on your 30 days trading volume. The regular fee stands at:
- Taker Fee: 0.25%
- Maker Fee: 0.15%
Bitvavo Deposits & Withdrawal Fees
Bitvavo allows you to fund your account using 8 different payment methods. However, some of those payment methods charge you a deposit fee. But SEPA transfers are completely free.
Payment options like Giropay have a relative fee of 1.75%. However, it depends on what payment methods you have selected for depositing funds.
Bitvavo also charges you withdrawal fees which depend on blockchain congestion. The fee depends on what digital token you are withdrawing.
Coinbase Trading Fees
Coinbase also has a tiered fee structure. The more you trade on the exchange, the less you have to pay as a taker and maker trading fee. However, the regular trading fee stands at:
- Taker Fee: 0.60%
- Maker Fee: 0.40%
Coinbase Deposits & Withdrawal Fees
When it comes to depositing and withdrawing funds, you see a combination of both free and chargeable options. These include:
|Deposit Fee||Withdrawal Fee|
|Wire (USD)||$10 USD||$25 USD|
|SEPA (EUR)||€0.15 EUR||€0.15 EUR|
|Swift (GBP)||Free||£1 GBP|
Verdict: Overall, Bitvavo has a cheaper maker and taker fee compared to Coinbase. Hence, it is the winner.
Bitvavo vs Coinbase: Order Types
When it comes to order types, there are not too many options available on both exchanges. Being a spot exchange, it makes sense why there aren’t many order types.
If you talk about the available order types on both Bitvavo and Coinbase, you will enjoy the basic buy and sell option that allows you to set both limit and market orders.
Verdict: As there aren’t many order types available on the exchange. Hence, it is a clear tie between these exchanges.
Bitvavo vs Coinbase: KYC Requirements & KYC Limits
When it comes to KYC (Know your customer) requirements, both exchanges made it mandatory to complete your user verification.
On one side, Bitvavo is based on European legislation. As a result, the exchange is obliged to identify users. Without verifying your account, you are not allowed to deposit funds, trade, or withdraw.
However, once you are done verifying your identity, bank, and address, there is no limit on how much funds you can deposit or withdraw.
On the other side, the same goes for Coinbase. Before you can start investing, you need to verify your account using a government ID. Also, once your account is verified, there is no limit on how much funds you can deposit or withdraw, like many other exchanges.
Verdict: Coming to the verdict, both exchanges require you to complete KYC verification, so it is a tie.
Bitvavo vs Coinbase: Deposits & Withdrawal Options
Both exchanges offer you multiple ways to deposit and withdraw funds depending on you where you live.
- Method 1: Deposit funds using a bank transfer.
- Method 2: You can use third-party payment options such as Giropay.
- Method 3: Deposit cryptocurrency to your Bitvavo wallet from another exchange or wallet.
- Method 1: Deposit funds using bank transfer, ACH, Swift, SEPA or Wire.
- Method 2: Deposit funds using crypto tokens from another exchange or crypto wallet.
Verdict: Overall, both exchanges stand in an equal position when depositing or withdrawing funds. So I declare it as a tie for this section.
Bitvavo vs Coinbase: Trading & Platform Experience Comparison
Now talking about the trading experience, both Bitvavo and Coinbase are pretty similar. On both exchanges, the trading window isn’t really impressive.
You don’t get any advanced charting option powered by TradingView or multiple types of orders. But being a crypto spot exchange, these features aren’t really important.
- Line chart of trading pair
- Multiple time frames
- Easy-to-use order book
- Recent news of the trading pair
- Beginner-friendly mobile app
- Basic technical chart of the trading pair
- Multiple time frames
- Availability of multiple currencies
- Easy-to-use order book
- Easy-to-use mobile app
- Coinbase wallet compatible with Web 3
Verdict: Since there are not too many differences between these exchanges, it is a tie.
Bitvavo vs Coinbase: Customer Support
Reaching out to Bitvavo’s customer support is relatively easy. You get access to their live chat option, from where you can connect with a live support agent. However, they don’t offer 24-7 live chat support. But support through live chat is available throughout the week.
Alternatively, you can reach out to their customer support through email. However, Bitvavo doesn’t offer support through its social media channels.
Coinbase support can also be contacted through their live chat support, known as Coinbase Assistant. Their live chat support is available throughout the week and 24/7.
Alternatively, you can reach out to their support team through email. Or you can contact them via Twitter.
Verdict: Reaching out to Coinbase’s support is much easier and more convenient. Hence, Coinbase wins this section.
Bitvavo vs Coinbase: Security Features
Bitvavo takes multiple ways to ensure its users have a safe and secure experience. Also, the exchange offers a reliable platform to its users for crypto investing. It includes security features like:
- Bitvavo keeps the vast majority of users’ funds in cold storage
- Bitvavo backs up crucial data in bank-grade wallets
- Custody providers insured up to $250 million
- Regular security audits
- Two Factor Authentication (2FA)
- Device & IP Management
- Anti-Phishing Protection
Coinbase is also a pretty secure platform for trading and investing in crypto. It offers you various security features that help you to secure your account and your funds. Some of those features are:
- Two Factor Authentication (2FA)
- Password management
- Enhanced account protection
- Coinbase Vault
- Proactive security notifications
Verdict: As Bitvavo offers the most security features, it is a clear winner.
Bitvavo vs Coinbase: Supported Countries
Bitvavo is only available in a few selected countries. However, they are not offering their services in the United States. Instead, they have their primary focus in European countries such as:
- Czech Republic
Coinbase services are available in 100+ countries worldwide. The service availability is spread through locations like North and Central America, South America, Europe, Asia Pacific, Africa, and the Middle East.
Some of the notable countries are:
Verdict: Since Coinbase has a better global presence, it is a clear winner for this section.
Is Bitvavo Safe & Legal To Use?
Bitvavo is a wide cryptocurrency exchange registered and regulated by the Dutch Central Bank (DNB).
Plus, it holds different licenses in the countries it operates and performs regular audits to offer its customers a safe investment experience.
On top of that, the user gets several ways to protect their account from any security threats.
Is Coinbase Safe & Legal To Use?
Coinbase is one of the trusted platforms for buying, selling, and storing crypto. The exchange is licensed in every US State and around the globe.
Also, the exchange performs regular audits to ensure ultimate security.
Furthermore, it implemented strong security measures to protect its users, such as AES-256 encryption, 2FA, and cold asset storage.
Bitvavo vs Coinbase: Why not use both?
Overall, Coinbase is a clear winner compared to Bitvavo.
However, both exchanges are similar in many aspects. But Coinbase has a better global presence compared to Bitvavo, which is only available in a few regions.
Also, Coinbase offers more cryptocurrencies, wallet services, and Web3 integrations that can help you to invest in crypto effectively.
But Bitvavo is no loser. Although, the exchange is limited to a few countries. It has a cheaper trading fee. So if you are from the Netherlands or other supported countries, Bitvavo would be a better choice for you.
See how Bitvavo and Coinbase compares to other exchanges:
- Coinbase vs Bybit
- Coinbase vs Bitfinex
- Coinbase vs BitMEX
- Coinbase vs KuCoin
- Coinbase vs Kraken
- Coinbase vs StormGain
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