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 |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
FSA Japan |
Regulated in 45 States in the USA |
Bitbank vs Coinbase: Trading Conditions
| Trading Conditions | Bitbank | Coinbase |
|---|---|---|
Minimum Deposit |
$1 |
$25 |
Trading Platforms |
TradingView |
Web, mobile |
Max Leverage (Futures) |
44562 |
1:1 |
Number of Markets |
31+ |
170 |
Trading Accounts |
1 |
1 |
Base Account Currencies |
Cryptos, JPY |
USD + 6 cryptos |
Bitbank vs Coinbase: Fees
Trading Fees
| Fee | Bitbank | Coinbase |
|---|---|---|
Max Maker |
0 |
0.5% |
Max Taker |
0.12% |
0.5% |
Min Maker |
-0.02% |
0 |
Min Taker |
0 |
0.04% |
Debit/Credit Card Purchase Fee |
0 |
3.99% |
Futures Trading fees
| Fee | Bitbank | Coinbase |
|---|---|---|
Max Maker |
0 |
not supported |
Max Taker |
0.12% |
not supported |
Min Maker |
-0.02% |
not supported |
Min Taker |
0 |
not supported |
Non-Trading Fees
| Fee | Bitbank | Coinbase |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Bank Transfer Withdrawal Fee |
550 yen / 770 yen (30,000 yen or more) |
1.49% |
Debit/Credit Card Withdrawal Fee |
Not supported |
3.99% |
BTC Withdrawal Fee |
0.0006 BTC |
1% conversion fee |
Inactivity Fee |
No |
No |
Bitbank vs Coinbase: Trading Assets
| Asset Name | Bitbank | Coinbase |
|---|---|---|
Overall |
16+ |
175+ |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
Yes |
Dogecoin (DOGE) |
No |
Yes |
Binance Coin (BNB) |
No |
Yes |
Uniswap (UNI) |
No |
Yes |
Ripple (XRP) |
Yes |
No |
Polkadot (DOT) |
No |
Yes |
Cardano (ADA) |
No |
Yes |
Stellar (XLM) |
Yes |
Yes |
IOTA (MIOTA) |
No |
Yes |
Tron (TRX) |
No |
Yes |
Derivatives (Futures) |
Yes |
No |
NFT |
Yes |
No |
Crypto ETF |
No |
No |
Bitbank or Coinbase: Investment Programs
| Asset Name | Bitbank | Coinbase |
|---|---|---|
Staking |
No |
Yes |
Mining pool |
No |
No |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
No |
No |
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
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.
-
Comment
Coinbase does not withdraw money from the account!!! After 3 years of working with them, my account suddenly became suspicious ... The other day I tried to withdraw money and was refused! Support began to communicate terribly uncivilized, I don’t even know what to think....
-
Comment
Reviews about Coinbase, in my opinion, speak for themselves. I have no confidence in these companies!
-
Comment
The company does not comply with its own regulations! Promises one thing, does another. So you can't trade. You have to trust the company, and I can't do that.
-
Comment
To begin with, Coinbase specializes in cryptocurrency trading only, so if you need other tools, Coinbase is definitely not your option. There is no demo account either, but with a $2 minimum deposit, this is forgivable. Moreover, several payment systems have been proposed for depositing funds, so there will definitely not be any problems. Education… Let's just say that I already know what is in Coinbase, as I have been trading for more than 5 years. But it will be useful for beginners. I consider Coinbase as a broker where you can learn how to trade, and then choose a broker according to your requirements. I’m talking about “learning to trade” literally: there are no investment offers in Coinbase. Only active cryptocurrency trading.
Top 5 Reviews on Bitbank
-
Comment
Bitbank is a Japanese centralized crypto exchange. A good plus is that this exchange is registered in a well-known country. Minus - all volumes are only for the BTC/JPY pair. Moreover, trading volumes are very large. Fiat currencies include JPY, USD, and EUR. But there is no normal trading with these currencies. Bitbank is quite specific. Although you can trade cryptocurrency here too.
-
Comment
This is a dubious resource. The Bitbank exchange entices customers with cheap fees and favorable rates. But in reality, it's not like that at all. There are many hidden fees on this exchange, which you only find out about after the fact. Moreover, these fees can change, meaning the Bitbank exchange shamelessly increases fees when it suits them. I don't recommend dealing with this platform!
-
Comment
I didn't have a good experience with the Bitbank exchange. The processing of market orders is consistently delayed, and limit orders may not open at all. The exchange's website often freezes, making it impossible to access my account. Additionally, the conditions at Bitbank are not very suitable. Dealing with the Japanese currency is inconvenient, and there are excessively high fees for conversion.
-
Comment
I confidently say that Bitbank is a dishonest exchange. Cryptocurrency prices on this exchange are very different from prices on other exchanges. I always compare prices before opening a trade, and this is what I noticed: when Bitcoin rises or falls, Bitbank does not allow you to open an order based on market movements, and the quotes themselves remain in one place. It is impossible to trade and make money here normally.
-
Comment
I recently got acquainted with the Bitbank exchange. I read several reviews from clients who supposedly traded cryptocurrencies here and were satisfied. However, after I opened an account here and started trading, it turned out that the reviews were not accurate at all. Bitbank does not have a multitude of cryptocurrency pairs as mentioned in the reviews. Only four major cryptocurrencies are traded here against the Japanese currency. Also, if I don't have an account with a Japanese bank, I cannot work with fiat. Overall, it's a complete disappointment.
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.
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.