BTC Direct vs Coinbase: Fees, Coins, Safety Comparison
| Feature | BTC Direct | Coinbase |
|---|---|---|
Overall |
3.2 |
4.6 |
1 |
4.8 |
|
3.7 |
3.5 |
|
3.5 |
4.4 |
|
Investment Instruments |
1 |
3.7 |
Platforms and Charting Tools |
3.8 |
3.6 |
Deposit and Withdrawal |
3.9 |
4.0 |
Research |
4.1 |
4.5 |
Education |
3.5 |
4.8 |
Support |
3.9 |
4.8 |
Bonuses |
3.3 |
4.6 |
|
Your capital is at risk.
|
BTC Direct vs Coinbase: Pros and Cons
The BTC Direct (pronounced “Bitcoin Direct”) platform is a cryptocurrency exchange and trading service. It presents the following cryptocurrencies on the platform: Ethereum, Litecoin, Bitcoin Cash, and Ripple. All assets are euro-pegged except those that are US dollar-pegged. It is the same at most crypto exchanges. The company is based in the Netherlands, and the service is fully localized in six European languages. The site offers its users a separate cryptocurrency wallet for each currency. Also, several models of the latest generation hardware wallets can be purchased from BTC Direct. There is a standard affiliate program and the possibility of investing fiat funds in cryptocurrency. Investors have access to exclusive market analysis and a personal consultant.
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.
| BTC Direct | Coinbase | |
|---|---|---|
| Overall Pros | simple and convenient trading terminal interface; | 2 FA authentication |
| Cryptocurrencies are sold and purchased in three clicks; | Low minimum deposit | |
| the minimum deposit is 30 euros; | Passive income with staking | |
| major cryptocurrencies are traded on the exchange and are euro-pegged; | You can earn up to $32 in crypto while learning crypto | |
| low commissions and discounts for big trades; | Solid regulation | |
| comprehensive knowledge base and guides on cryptocurrencies; | Strong liquidity | |
| regular masterclasses (including upon request); | ||
| the ability to exchange cryptocurrencies for fiat funds. | ||
| Overall Cons | Max leverage is 1:1 | |
| all materials and technical support are in six European languages only; | High trading and non-trading fees | |
| the website doesn’t plan to introduce additional cryptocurrencies; | Indicators not available | |
| advanced AML verification (no basic verification). | Derivatives, NFT, ETF not available |
BTC Direct vs Coinbase: Safety and Regulation
| Regulated By: | BTC Direct | Coinbase |
|---|---|---|
Government-regulated |
Yes |
|
U.S Regulated |
Yes |
|
FCA U.K Regulated |
No |
|
Germany Regulated |
No |
|
AMF in France Regulated |
No |
|
Spain Regulated |
No |
|
DFSA in UAE |
No |
|
Singapore Regulated |
No |
|
Australia Regulated |
No |
|
Seychelles Regulated |
No |
|
Other countries |
BTC Direct vs Coinbase: Trading Conditions
| Trading Conditions | BTC Direct | Coinbase |
|---|---|---|
Minimum deposit, USD or USDT |
30 |
10 |
Futures leverage |
10 |
|
Spot leverage |
1 |
3 |
Supported Coins |
20 |
249 |
Trading platform |
||
DFSA in UAE |
||
P2P |
1 |
1 |
Perpetual contracts |
0 |
1 |
BTC Direct vs Coinbase: Fees
| Fee | BTC Direct | Coinbase |
|---|---|---|
Spot Taker fee |
2 |
0,5 |
Spot Maker fee |
1 |
0,5 |
Futures Taker fee |
0,02 |
|
Futures Maker fee |
0,04 |
|
Deposit fee |
No |
No |
Withdrawal fee |
No |
Fixed fee - 25 USD PayPal - 1,5% USDC - 10 USD |
P2P taker fee |
No |
0.05 - 0.60 |
P2P fee rate, maker fee |
No |
0 - 0.40 |
BTC Direct vs Coinbase: Trading Assets
| Asset Name | BTC Direct | Coinbase |
|---|---|---|
Coins Supported |
20 |
249 |
P2P |
Yes |
Yes |
Perpetual contracts |
No |
Yes |
NFT |
No |
Yes |
Crypto Options |
No |
No |
Futures |
No |
Yes |
BTC Direct or Coinbase: Investment Programs
| Asset Name | BTC Direct | Coinbase |
|---|---|---|
Staking |
No |
Yes |
Copy trading |
No |
No |
Yield farming |
No |
Yes |
Affiliate program |
Yes |
Yes |
Trading Platforms: Coinbase or BTC Direct
| BTC Direct | Coinbase | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Trading Platforms Features: Coinbase or BTC Direct
| BTC Direct | 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 BTC Direct
| BTC Direct | Coinbase | |
|---|---|---|
Indicators |
No |
No |
Drawing tools |
No |
No |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: Coinbase or BTC Direct
| BTC Direct | 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 BTC Direct
| BTC Direct | Coinbase | |
|---|---|---|
Market |
No |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
No |
Yes |
Stop Limit |
No |
No |
Trailing Stop |
No |
No |
BTC Direct vs Coinbase: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | BTC Direct | Coinbase |
|---|---|---|
Bank Transfer |
Yes (Only Deposit) |
Yes |
Credit/Debit Card |
Yes (Only deposit) |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
Yes |
Yes |
BTC Direct vs Coinbase: Research
| Research Type | BTC Direct | Coinbase |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
No |
Yes |
Chart Analysis |
No |
No |
Trading Ideas |
No |
No |
E-Mail Reports |
No |
Yes |
BTC Direct vs Coinbase: Education
| Education Type | BTC Direct | Coinbase |
|---|---|---|
Demo-account/Paper Trading |
No |
No |
Courses |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
No |
Yes |
Webinars |
No |
No |
Coinbase vs BTC Direct: Support
| Support Features | BTC Direct | Coinbase |
|---|---|---|
Working Days |
24/7 |
24/7 |
No |
Yes |
|
Phone |
No |
Yes |
Online chat |
No |
Yes |
Other |
Ticket |
No |
BTC Direct vs Coinbase: Crypto Bonuses and Promo
| Promo | BTC Direct | Coinbase |
|---|---|---|
Crypto Bonus |
No |
You can earn crypto learning crypto |
Affiliate Program |
You will get 0.5% of the trade amount from all trades of your referrals. The referral status is unlimited. |
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 BTC Direct
-
Comment
BTC Direct trading is turned into hell. They are in complete control of this process. You want to close a deal, and you can't do it for 3 minutes. Of course, this all has consequences in the form of financial losses. This is how this company works.
-
Comment
BTC Direct may have been normal in the past, but now no one can say anything good about them, since they have already shown their real face quite well. I know firsthand what trading in BTC Direct is.
-
Comment
Newcomers to BTC Direct should definitely not meddle. Not the conditions to try and learn. The conditions are designed for crypto traders who trade in large volumes. I myself did not go to BTC Direct for a long time, because it was simply unprofitable. Now I see more advantages for myself here. I don’t complain about the commission, I receive discounts from time to time, the platform draws my volumes with a bang. Some are afraid that BTC Direct has a limited number of assets, but this exchange is not for those who are looking for something new and in general in search. Those who have a strategy trade here. Webinars, respectively, for advanced traders. I would advise you to soberly assess what you want from the exchange and whether BTC Direct has it.
-
Comment
The BTCDirect crypto exchange is a reliable company that offers not only favorable conditions but also an easy-to-use web-based trading platform. But it will not suit those who are used to changing instruments every day because there are not many instruments here, so you will not overclock too much. My strategy is tailored for Bitcoin, but to some extent, it is also suitable for ETH (Ξ), so BTCDirect conditions suit me fine. It is also convenient that each of the currencies can be traded from different wallets. Another plus of this exchange is the free withdrawal of funds. I don't find any particular flaws in BTCDirect, so I recommend it for trading.
-
Comment
Before I started trading, I encountered difficulties while installing a wallet on my computer. BTCDirect does not offer hot storage, and I did not find instructions on how to download and install the program on the website. I figured it out only with the help of technical support. Although I am reassured by the fact that now my money is in a secure vault, to which only I have access. I am going to work only with Bitcoins, as it is the most liquid instrument, besides, on the BTCDirect exchange, the commission for trading BTC is lower than for other altcoins.
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.