There are many cryptocurrency platforms in the market and choosing the best one is still a confusing question for newcomers in the crypto industry. Fortunately, there are many quality platforms that are available for anyone looking forward to starting in the crypto field.
However, your choice of platform can differ according to your requirements. Popular cryptocurrency platforms like Binance, Coinbase, and CEX.IO are hard to compare with each other. So we’ve compared two of them in this article to figure out which one is better whether Coinbase or CEX.IO? Let’s find out!
CEX.IO vs Coinbase which one is Better?
Whether it’s CEX.IO or Coinbase their main purpose is to provide the fundamental service of buying, selling, and trading cryptocurrencies. Although there are certain factors that create a line of difference between individual platforms.
Providing their trustworthy services since 2013 CEX.IO is a cryptocurrency exchange platform. No doubt it’s very popular among the crypto traders in the market. With an approx user count of 4 million registered users around the world, they are growing continuously.
It’s obvious that they are providing quality features to prevent users from choosing other platforms. Because if they lose their customer base it’s not good for their business. Let’s have a closer look at the amazing features they are providing.
- High-security measures
- 24/7 customer support
- Hasslefree trading service
- Loans and earning opportunities
Most of the features are very useful for both beginners and professionals. In fact, features such as trading view integration are not easily available on other platforms. The registration process and trading dashboard are very user-friendly with an improved UI.
CEX.IO is an amazing cryptocurrency platform without a doubt, But your geographical location will decide whether you can use it or not. Because the company is not providing its services to specific countries yet.
Don’t worry if you are from one of those countries, as we are still going to go through Coinabase which is a strong competitor of CEX.IO for sure!
With a tremendous user base of more than 56 million users around the globe, Coinbase is one of the leading cryptocurrency exchanges in the market at the moment. Allowing their users to trade various cryptocurrencies such as Bitcoin, Litecoin, Ethereum, and Dogecoin.
However different cryptocurrencies aren’t the only benefit you get from Coinbase. Founded in California in 2012, Coinbase provides a lot of high-end features to its consumers. You can find many new features that are not normally available on other platforms.
- High-security standards
- Excellent user interface
- Supports a wide range of currencies
- Allows their users to keep a low account minimum
The features you get to use with Coinbase are worth considering. Like they store your valuable assets in cold storage offline, which provides better security. Additionally, the low account minimum option is a boon for newcomers in the market. Coinbase has more popularity and number of users compared to CEX.IO. Which is a pretty normal thing as it’s older than CEX.IO.
However, the only downside of choosing Coinbase is that you have to pay up to 4% transaction fees as a regular user. (you can lower the transaction fees by using the Coinbase pro) Whereas, CEX.IO will charge you between 0.10% to 0.25% fees depending on the transaction.
Both of the platforms are good in their own way, providing seamless services for a long time to their active users. As you don’t have to worry about security or other fundamental features because they both provide it without any doubt.
The change in choice will only occur if you have any specific requirements for trading cryptocurrency. So we recommend you consider your requirements before choosing either of them. Do share this article with others if you think it’s informative.