CoinFLEX vs Coinbase: Fees, Coins, Safety Comparison
| Feature | CoinFLEX | Coinbase |
|---|---|---|
Overall |
3.8 |
4.6 |
1 |
4.8 |
|
4.2 |
3.5 |
|
4.1 |
4.4 |
|
Investment Instruments |
3.8 |
3.7 |
Platforms and Charting Tools |
4.2 |
3.6 |
Deposit and Withdrawal |
4.0 |
4.0 |
Research |
4.1 |
4.5 |
Education |
3.9 |
4.8 |
Support |
4.3 |
4.8 |
Bonuses |
4.5 |
4.6 |
|
Your capital is at risk.
|
CoinFLEX vs Coinbase: Pros and Cons
The CoinFLEX exchange is more than a regular cryptocurrency exchange for spot and margin trading. This is a multifunctional platform that combines the mechanics of a universal crypto wallet and an adaptive investment portfolio with advanced options for passive earnings. On CoinFLEX, you can buy/sell Bitcoin, Ethereum, Litecoin, Tether, and other cryptocurrencies and tokens. Cryptocurrency funds can be freely transferred to fiat and withdrawn to plastic cards, bank accounts, other cryptocurrency wallets, as well as electronic wallets. Trading with leverage up to 1:100 is also available. One of the distinctive features of this crypto exchange is flexUSD, which is a stablecoin with interest income. Using flexUSD and note tokens, the exchange builds an investment package for users that can provide loans to institutional trading firms on the CoinFLEX exchange.
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.
| CoinFLEX | Coinbase | |
|---|---|---|
| Overall Pros | spot and margin trading with a wide selection of cryptocurrency assets and pairs, including pairs with world currencies; | 2 FA authentication |
| investment programs, unique for the segment, based on lending stablecoins to companies; | Low minimum deposit | |
| one of the most well-thought-out mobile applications that combines the functions of an exchange, a crypto wallet, and an investor’s personal account; | Passive income with staking | |
| simple system of commission fees with profitable commissions that depend on CoinFLEX’s balance of the wallet; | You can earn up to $32 in crypto while learning crypto | |
| 100% transparent operation of the system, a complete archive of all transactions and actions of the administration; | Solid regulation | |
| no VIP statuses, absolute equality of users, unified technical support 24/7. | Strong liquidity | |
| Overall Cons | at first, the interface of the trading terminal may seem redundant, you need to get used to it; | Max leverage is 1:1 |
| there are trading restrictions for residents of some countries (see the corresponding section of the site). | High trading and non-trading fees | |
| Indicators not available | ||
| Derivatives, NFT, ETF not available |
CoinFLEX vs Coinbase: Safety and Regulation
| Regulated By: | CoinFLEX | Coinbase |
|---|---|---|
SEC |
No |
No |
FINRA |
No |
No |
SIPC Protection |
No |
No |
Other Regulators |
No |
Regulated in 45 States in the USA |
CoinFLEX vs Coinbase: Trading Conditions
| Trading Conditions | CoinFLEX | Coinbase |
|---|---|---|
Minimum Deposit |
$1 |
$25 |
Trading Platforms |
CoinFLEX |
Web, mobile |
Max Leverage (Futures) |
1-100 |
1:1 |
Number of Markets |
104+ |
170 |
Trading Accounts |
1 |
1 |
Base Account Currencies |
Cryptocurrencies |
USD + 6 cryptos |
CoinFLEX vs Coinbase: Fees
Trading Fees
| Fee | CoinFLEX | Coinbase |
|---|---|---|
Max Maker |
0 |
0.5% |
Max Taker |
0.08% |
0.5% |
Min Maker |
0 |
0 |
Min Taker |
0.04% |
0.04% |
Debit/Credit Card Purchase Fee |
Not supported |
3.99% |
Futures Trading fees
| Fee | CoinFLEX | Coinbase |
|---|---|---|
Max Maker |
0 |
not supported |
Max Taker |
0.08% |
not supported |
Min Maker |
-0.03% |
not supported |
Min Taker |
0.04% |
not supported |
Non-Trading Fees
| Fee | CoinFLEX | Coinbase |
|---|---|---|
Account Fee |
No |
No |
Deposit Fee |
No |
No |
Bank Transfer Withdrawal Fee |
Not supported |
1.49% |
Debit/Credit Card Withdrawal Fee |
Not supported |
3.99% |
BTC Withdrawal Fee |
0,0005 BTC |
1% conversion fee |
Inactivity Fee |
No |
No |
CoinFLEX vs Coinbase: Trading Assets
| Asset Name | CoinFLEX | Coinbase |
|---|---|---|
Overall |
104+ |
175+ |
Bitcoin (BTC) |
Yes |
Yes |
Litecoin (LTC) |
Yes |
Yes |
Dogecoin (DOGE) |
Yes |
Yes |
Binance Coin (BNB) |
Yes |
Yes |
Uniswap (UNI) |
Yes |
Yes |
Ripple (XRP) |
Yes |
No |
Polkadot (DOT) |
Yes |
Yes |
Cardano (ADA) |
No |
Yes |
Stellar (XLM) |
No |
Yes |
IOTA (MIOTA) |
No |
Yes |
Tron (TRX) |
No |
Yes |
Derivatives (Futures) |
Yes |
No |
NFT |
No |
No |
Crypto ETF |
No |
No |
CoinFLEX or Coinbase: Investment Programs
| Asset Name | CoinFLEX | Coinbase |
|---|---|---|
Staking |
No |
Yes |
Mining pool |
No |
No |
Managed Accounts |
No |
No |
MAM/PAMM |
No |
No |
Other |
Interest income |
No |
Trading Platforms: Coinbase or CoinFLEX
| CoinFLEX | Coinbase | |
|---|---|---|
Web |
Yes |
Yes |
Desktop |
No |
No |
Mobile (Android, iOS) |
Yes |
Yes |
|
Your capital is at risk.
|
Trading Platforms Features: Coinbase or CoinFLEX
| CoinFLEX | 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 CoinFLEX
| CoinFLEX | Coinbase | |
|---|---|---|
Indicators |
Yes |
No |
Drawing tools |
Yes |
No |
Historical Trades |
Yes |
Yes |
Live 2 Quotes |
Yes |
Yes |
Mobile trading: Coinbase or CoinFLEX
| CoinFLEX | 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 CoinFLEX
| CoinFLEX | Coinbase | |
|---|---|---|
Market |
Yes |
Yes |
Limit |
Yes |
Yes |
Stop Loss |
No |
Yes |
Stop Limit |
Yes |
No |
Trailing Stop |
No |
No |
CoinFLEX vs Coinbase: Deposit and Withdrawal Methods
| Deposit and Withdrawal Method | CoinFLEX | Coinbase |
|---|---|---|
Bank Transfer |
No |
Yes |
Credit/Debit Card |
No |
Yes |
Electronic Wallets |
No |
Yes |
Crypto |
Yes |
Yes |
CoinFLEX vs Coinbase: Research
| Research Type | CoinFLEX | Coinbase |
|---|---|---|
News Feed |
No |
Yes |
Fundamental Data |
No |
Yes |
Chart Analysis |
Yes |
No |
Trading Ideas |
Yes |
No |
E-Mail Reports |
No |
Yes |
CoinFLEX vs Coinbase: Education
| Education Type | CoinFLEX | Coinbase |
|---|---|---|
Demo-account/Paper Trading |
Yes |
No |
Courses |
No |
Yes |
Articles |
Yes |
Yes |
Videos |
Yes |
Yes |
Webinars |
No |
No |
Coinbase vs CoinFLEX: Support
| Support Features | CoinFLEX | Coinbase |
|---|---|---|
Working Days |
24/7 |
24/7 |
No |
Yes |
|
Phone |
No |
Yes |
Online chat |
Yes |
Yes |
Other |
Telegram, ticket |
No |
CoinFLEX vs Coinbase: Crypto Bonuses and Promo
| Promo | CoinFLEX | Coinbase |
|---|---|---|
Crypto Bonus |
Bonus rewards from the crypto exchange - up to 30% |
You can earn crypto learning crypto |
Affiliate Program |
Yes |
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 CoinFLEX
-
Comment
CoinFLEX is a cryptocurrency exchange, even a completely decentralized one. However, the company is not popular among traders. Trading volumes are small. If you already choose, then the company is more popular. I don't see the point in getting involved.
-
Comment
They look like thieves! My money is stuck somewhere, and no one knows where. The withdrawal allegedly went through but I did not receive it. No one wants to answer my questions about what happened! They just ignore me.
-
Comment
I got used to CoinFLEX, oh, how not right away ... Their terminal is an explosion of information, at first it was wildly distracting. Now I'm used to it, I immediately find what I need. And so far this is the only thing I could find fault with. Because in terms of functionality, CoinFLEX is difficult to find an equal competitor in the market. So, in addition to trading myself, I also started investing. I’m holding stablecoins, and the interest is already gradually dripping into the account. It's convenient and you don't have to do anything. The output is smart, I checked it first of all. I won't say anything about the app. It is, but it is more convenient for me to work from a laptop. It is also a sin to complain about the number of tools. Only there is no demo account, so I would try different strategies.
-
Comment
I came to CoinFLEX a couple of months ago. I heard about this crypto exchange from a friend who described it as a multifunctional platform with a plenitude of possibilities. And, friends, it really is. In addition to spot and margin trading, there are many other opportunities. The adaptive investment portfolio is great and with it, I achieved a normal passive income. After a flawless withdrawal of my profit, I was able to seamlessly convert the crypto into fiat and then receive a payment to my bank card.
-
Comment
To be honest, I originally came to the CoinFLEX platform to actively trade. My two childhood friends signed up here six months ago and praised the company for its customer-oriented service and quite loyal trading conditions. And indeed it is. Since March 2021, I have been able to earn profits of about $6,000 here. I don’t really bet on passive earnings, but for the sake of interest I held on to noteUSD. A little-by-little profit drips onto the balance. With the conclusion, everything is clear, you can pick up the earned money at any time.
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.