Bitbank vs Coinbase: Fees, Coins, Safety Comparison
| Feature | Bitbank | Coinbase |
|---|---|---|
Overall |
2.0 |
4.6 |
2.6 |
4.8 |
|
2.3 |
3.5 |
|
1.9 |
4.4 |
|
Investment Instruments |
1 |
3.7 |
Platforms and Charting Tools |
2.4 |
3.6 |
Deposit and Withdrawal |
2.2 |
4.0 |
Research |
3.1 |
4.5 |
Education |
2.2 |
4.8 |
Support |
2.7 |
4.8 |
Bonuses |
1.6 |
4.6 |
|
Your capital is at risk.
|
Bitbank vs Coinbase: Pros and Cons
Bitbank is a marketplace for buying and selling cryptocurrencies. You can trade Bitcoin (₿), Ethereum (Ξ), Bitcoin Cash, MonaCoin, Stellar Lumen, OMG, and dozens of other crypto assets. The only fiat currency represented is the Japanese yen (JPY). Funds can be deposited through the most popular channels, including direct fiat transfers from a bank card. The exchange is known for one of the lowest rates of trading commissions: 0.12% for the taker, and -0.02% for the maker. There are no deposit fees, and withdrawal fees are also low. There is no minimum deposit, and registration and verification take a minimum amount of time. The exchange does not have specialized solutions for beginners, and investment and referral programs are not offered. From the position of the interface, experts estimate the platform as one of the most convenient and well-thought-out.
Coinbase is a popular cryptocurrency exchange, especially sought-after among novice traders. It allows you to trade all cryptocurrencies including Bitcoin, Ethereum, Litecoin, Ripple, BitcoinCash, and others. You will find a web version and an application for a smartphone based on iOS or Android. The crypto exchange provides services to users from 100 countries with more than 43 million active traders registered on the exchange. The total assets on the platform are equivalent to over USD 90 billion. The exchange brings to the table one-of-a-kind training programs that allow you to earn money during the learning process by improving your expertise in the crypto market. Learn what Coinbase is and how the exchange works.
| Bitbank | Coinbase | |
|---|---|---|
| Overall Pros | dozens of popular cryptocurrencies and tokens are traded on the exchange; | 2 FA authentication |
| trading fees are significantly lower than the market average; | Low minimum deposit | |
| no minimum deposit, no deposit fees; | Passive income with staking | |
| all funds of exchange clients are kept cold; | You can earn up to $32 in crypto while learning crypto | |
| the exchange has a state-of-the-art security system for users’ data; | Solid regulation | |
| there is a mobile application in addition to the terminal in the browser; | Strong liquidity | |
| terminal and application include tools for market analysis. | ||
| Overall Cons | absence of fiat currencies except for the Japanese yen; | Max leverage is 1:1 |
| there is no investment or referral program. | High trading and non-trading fees | |
| Indicators not available | ||
| Derivatives, NFT, ETF not available |
Bitbank vs Coinbase: Safety and Regulation
| Regulated By: | Bitbank | Coinbase |
|---|---|---|
Government-regulated |
Yes |
Yes |
U.S Regulated |
No |
Yes |
FCA U.K Regulated |
No |
No |
Germany Regulated |
No |
No |
AMF in France Regulated |
No |
No |
Spain Regulated |
No |
No |
DFSA in UAE |
No |
No |
Singapore Regulated |
No |
No |
Australia Regulated |
No |
No |
Seychelles Regulated |
No |
No |
Other countries |
Japan |
Bitbank vs Coinbase: Trading Conditions
| Trading Conditions | Bitbank | Coinbase |
|---|---|---|
Minimum deposit, USD or USDT |
1000 JPY |
10 |
Futures leverage |
Not allowed |
10 |
Spot leverage |
3 |
3 |
Supported Coins |
35 |
249 |
Trading platform |
||
DFSA in UAE |
||
P2P |
0 |
1 |
Perpetual contracts |
0 |
1 |
Bitbank vs Coinbase: Fees
| Fee | Bitbank | Coinbase |
|---|---|---|
Spot Taker fee |
0.15 |
0.5 |
Spot Maker fee |
0.12 |
0.5 |
Futures Taker fee |
No |
0.02 |
Futures Maker fee |
No |
0.04 |
Deposit fee |
No |
No |
Withdrawal fee |
0.0006 BTC 0.005 ETH |
Fixed fee - 25 USD PayPal - 1.5% USDC - 10 USD |
P2P taker fee |
Not supported |
0.05 - 0.60 |
P2P fee rate, maker fee |
Not supported |
0 - 0.40 |
Bitbank vs Coinbase: Trading Assets
| Asset Name | Bitbank | Coinbase |
|---|---|---|
Coins Supported |
35 |
249 |
P2P |
No |
Yes |
Perpetual contracts |
No |
Yes |
NFT |
No |
Yes |
Crypto Options |
No |
No |
Futures |
No |
Yes |
Bitbank or Coinbase: Investment Programs
| Asset Name | Bitbank | Coinbase |
|---|---|---|
Staking |
No |
Yes |
Copy trading |
No |
No |
Yield farming |
No |
Yes |
Affiliate program |
No |
Yes |
Trading Platforms: Coinbase or Bitbank
| Bitbank | Coinbase | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
Yes |
No |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Trading Platforms Features: Coinbase or Bitbank
| Bitbank | Coinbase | |
|---|---|---|
SMS Based 2 FA |
No |
Yes |
App Based 2 FA |
Yes |
Yes |
Voice Call 2 FA |
No |
Yes |
Search Bar |
Yes |
Yes |
Filters |
Yes |
Yes |
Technical Analysis: Coinbase or Bitbank
| Bitbank | Coinbase | |
|---|---|---|
Indicators |
Yes |
No |
Drawing tools |
Yes |
No |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: Coinbase or Bitbank
| Bitbank | Coinbase | |
|---|---|---|
iOS Version |
Yes |
Yes |
Android Version |
Yes |
Yes |
Apple Watch App |
No |
No |
Touch ID |
No |
No |
Face ID |
No |
No |
Types of orders: Coinbase or Bitbank
| Bitbank | Coinbase | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
No |
Yes |
Stop Limit |
No |
No |
Trailing Stop |
No |
No |
Bitbank vs Coinbase: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | Bitbank | Coinbase |
|---|---|---|
Bank Transfer |
Yes |
Yes |
Credit/Debit Card |
No |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
Yes |
Yes |
Bitbank vs Coinbase: Research
| Research Type | Bitbank | Coinbase |
|---|---|---|
News Feed |
Yes |
Yes |
Fundamental Data |
Yes |
Yes |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
Yes |
Bitbank vs Coinbase: Education
| Education Type | Bitbank | Coinbase |
|---|---|---|
Demo-account/Paper Trading |
Yes |
No |
Courses |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Webinars |
No |
No |
Coinbase vs Bitbank: Support
| Support Features | Bitbank | Coinbase |
|---|---|---|
Working Days |
24/7 |
24/7 |
Yes |
Yes |
|
Phone |
No |
Yes |
Online chat |
Yes |
Yes |
Other |
FAQs |
No |
Bitbank vs Coinbase: Crypto Bonuses and Promo
| Promo | Bitbank | Coinbase |
|---|---|---|
Crypto Bonus |
Welcome bonuses |
You can earn crypto learning crypto |
Affiliate Program |
No |
You get $10 when your invitee completes a buy or sell of $100 USD. |
|
Your capital is at risk.
|
Top 5 Reviews on Coinbase
-
Comment
I recommend the cold wallet Wallet Coinbase – this way you can reduce the risk of your account being blocked (which can happen for any reason, including the investigation of the coins' origin). The wallet is very convenient. It supports most of the top cryptocurrencies, all Ethereum-compatible networks, allows you to work with DeFi liquidity pools and DEX exchanges, and to create, manage, and configure NFTs. Deposits and withdrawals are done in just a few clicks.
-
Comment
I’m a freelancer and get paid in cryptocurrency. And I want to highlight the convenience of working with Coinbase in this regard. The exchange issues its own Visa card, which I use to pay in many stores, both with cash and cryptocurrency. The fee is from the payment system. And another plus: selling cryptocurrency can be considered income, for which I would have to pay taxes. However, if I pay with the Visa/Coinbase card using USD or USDC (the exchange's stablecoin), no tax obligation arises.
-
Comment
Maybe my review will seem ordinary. But this is just my experience. After missing out on several successful listings like NOT and Dogs, I caught FOMO and wanted to take a risk with literally a couple of hundred dollars. I was choosing between several exchanges. In the end, I logged into Binance, Coinbase, MEX, and Bybit. In terms of account management comfort, I liked Coinbase the most. It’s an intuitive platform with a minimum of necessary tools. In terms of functionality and trust – Bybit, because it faces less regulatory pressure. As a result, I transferred 80% of my cryptocurrency to my Coinbase wallet and increased the deposit.
-
Comment
Nowadays, you can compare all other exchanges to Binance and Bybit. In my opinion, they are too "fancy," overloaded with different features, confusing products, and tools that take hours to figure out, and then one careless click – and you're at a loss. Maybe some people find it interesting to dig into all this, but I prefer the simpler and more reliable Coinbase. The liquidity level for trading top coins here is on par with Binance. There’s no P2P, but there are many withdrawal payment methods. There are basic tools: coins with potential growth (new ones) for staking, passive earnings with USDC, etc. In my opinion, Coinbase is the golden mean between useful functionality and reliability.
-
Comment
The platform's fees are notably high compared to other exchanges, eating into profits and making trading less attractive. Additionally, Coinbase's customer support can be slow and unresponsive. Overall, while Coinbase may be popular, its high fees, sluggish customer support, and limited coin offerings make it less than ideal for many traders.
Top 5 Reviews on Bitbank
-
Comment
I appreciated the security at Bitbank: the website states that funds are stored in cold wallets (cold storage), two-factor authentication (2FA) is used, and the company is regulated by the Japanese Financial Services Agency (FSA). This builds trust, especially when trading larger amounts. With a turnover of around ¥4,000,000, making a profit of +¥200,000 is a pleasant experience when trading in a reliable environment.
-
Comment
One of the advantages of using Bitbank was the mobile version and app: I could open trades on my phone and close them on my PC without losing positions. With a deposit of about $500, my trading volume reached around ¥800,000, with a profit of +¥40,000. The interface is responsive, and switching between trading pairs is fast. Bitbank shows that their mobile trading can be both convenient and efficient.
-
Comment
I liked that Bitbank offers a wide selection of cryptocurrencies and pairs, especially against the Japanese yen (JPY). I traded ETH/JPY, XRP/JPY, and LTC/JPY — turnover around ¥3,000,000, profit about ¥180,000. The liquidity on JPY pairs, as I observed, is good — entering and exiting trades is fast, and slippage is minimal. Bitbank clearly focuses on the local market and makes it convenient for those working with yen.
-
Comment
What I liked about Bitbank is that deposits are free of any fees — you can fund your account without losing money to the platform. I deposited JPY via bank transfer, then traded several cryptocurrencies with a turnover of around ¥2,000,000, earned a profit of ¥150,000, and was able to withdraw the funds. This makes it easy to start trading on Bitbank without “losing money on entry.”
-
Comment
I first learned about Bitbank as a Japanese exchange with a solid reputation, and I immediately appreciated that the maker fee is –0.02%, meaning you actually receive a rebate for placing limit orders, while the taker fee is 0.12%. I made a series of trades on the BTC/JPY pair with a total volume of around ¥1,500,000 (approximately $10,000) and earned a profit of about +¥120,000 (around $800) after accounting for fees. The “get paid as a maker” feature makes Bitbank especially appealing to those who prefer a “provide liquidity” trading strategy.
FAQs
What should I start Crypto trading with?
For starters, you need to learn what crypto trading is, understand what cryptocurrency is and the risks and opportunities cryptocurrency trading has. It is also important to learn the existing strategies. The second step is to choose the best crypto exchange with good trading conditions. A demo account that you can use to gain valuable experience risk free is an important advantage of an exchange.
What amount should I start trading with?
It is recommended to start trading cryptocurrencies with a small amount. That way, if you partially lose it, it won’t pose a serious financial problem for you. This is because cryptocurrencies are highly volatile, which carries certain risks for novice traders. The majority of cryptocurrency exchanges allow traders to start from a small amount – from $1 to $50 or its cryptocurrency equivalent.
What should I take into consideration when choosing a crypto exchange?
The first thing experts recommend looking at when considering crypto exchanges is their reliability. Other important features include basic trading conditions, commissions and fees, customer reviews. If crypto exchanges are approximately the same in terms of basic criteria, you need to choose based on your experience and tasks. One crypto exchange may be good for professionals and another – for novice traders.
Can a cryptocurrency exchange turn out to be a scam?
Unfortunately, this does happen. Therefore, it is better to choose cryptocurrency exchanges that have been operating in the market for at least several years and have a stable reputation. Regulation of an exchange in one of the countries with high legal culture is also an advantage.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
