![]() They provide a range of services like staking, an advanced trading platform and a crypto wallet. This crypto exchange combines a wide range of cryptocurrency investment features with a user-friendly platform. Whatever you need as a crypto investor is available on Coinbase. They offer derivatives trading for crypto and other assets like oil, but there is no access to investments like stocks, bonds or ETFs. The platform allows you to invest in conventional assets like stocks, exchange-traded funds ( ETFs) and options.Ĭoinbase specializes in cryptocurrencies only. Robinhood was founded as a stock trading app, and only later got into cryptocurrency. On Coinbase’s advanced platform, investors trading less than $10,000 in a 30-day period would pay taker and maker fees of 0.6% and 0.4%, respectively. The fee for their basic platform is about 0.5% of your transaction. In contrast, the fees for Coinbase are higher than crypto exchanges like KuCoin or Binance.US. Instead, Robinhood makes money through something called payment for order flow.įor crypto investors on a budget, zero-commission trades are an attractive deal. The platform does not charge commissions for buying and selling cryptocurrencies. In terms of trading fees, Robinhood can be very attractive. You can expect a staking yield of around 3.28% APY for Ethereum and 4% for Solana on Coinbase.Ĭoinbase also offers an advanced trading platform with more investment tools and research on its scaled-up product, Coinbase Pro. For instance, it offers a staking program that lets you earn rewards. ![]() Other Cryptocurrency FeaturesĬoinbase offers far more advanced features for cryptocurrency investors than Robinhood. Currently, there are more than 1 million people on the Robinhood Wallet waitlist globally, according to the company. Robinhood launched a beta version of its self-custody Web3 Wallet to 10,000 customers on Sept. Storing your crypto in a wallet gives you an extra layer of protection from a hack. Crypto WalletsĬoinbase provides its own crypto wallet and also lets you use your own third party wallet. That’s something to consider if you’re looking to trade cryptos other than core mainstream cryptos, such as Cardano (ADA), Ethereum (ETH), Polygon (MATIC) and USD Coin (USDC), to name a few. With the latter, your investment selection is limited to only 17 cryptos, while Coinbase offers more than 150 cryptos. Via Robinhood's secure website Cryptocurrency SelectionĬoinbase offers many more cryptocurrencies than Robinhood. Robinhood: DifferencesĬoinbase and Robinhood serve very different markets, and that means there are material differences in the cryptocurrency investing options offered by each platform. In response, both companies have taken steps to improve security measures. Robinhood was also hacked last year but only lost customer data like email addresses and contact information, not investments. In a 2021 breach, criminals stole cryptocurrency from roughly 6,000 Coinbase customers. Coinbase and Robinhood have targets on their backs and have been subject to hacks. Security is key to protecting your crypto investment. ![]() The phone service at Coinbase is more customer-friendly as they actually list their phone number, whereas Robinhood requires users to request a callback from the app. When it comes to customer service, Robinhood and Coinbase offer phone support. They also both offer extensive libraries of educational articles to teach people the basics of investing. ![]() Robinhood: SimilaritiesĬoinbase and Robinhood allow you to quickly start trading the most popular cryptocurrencies, like Bitcoin (BTC), Ethereum (ETH) and Dogecoin (DOGE).īoth exchanges are relatively user-friendly, making it easy to set up an account, link a payment method and star trading crypto. To help you decide, let’s take a closer look at the key differences and similarities between Coinbase and Robinhood. But which one offers the best crypto trading platform? Coinbase and Robinhood are two of the biggest names in crypto.
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