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Robinhood vs. Coinbase: Which crypto platform is better?

Coinbase and Robinhood are competing crypto trading platforms, but which one is better for beginners?

Robinhood and Coinbase are two of the biggest names in the trading platform industry and both are designed to be easy for beginners. Robinhood offers users stocks, ETFs and more in addition to crypto.

Coinbase has a streamlined crypto experience, including earning options and a wide asset selection. Find out which exchange is best when Finder compares Robinhood and Coinbase.

Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

Round 1: Robinhood vs. Coinbase on vital statistics

Coinbase and Robinhood are both US-based exchanges available to US residents, but neither has FCA registration for their UK customers.

Robinhood offers users stocks, ETFs, crypto and more within a single platform, while also offering a cash card for users. Coinbase offers users a seamless cryptocurrency platform experience, with tons of helpful information, earning opportunities such as staking, and its own Visa debit card.

Crypto fees are likely lower with Robinhood but it offers a paltry selection of assets compared to Coinbase.

Robinhood CryptoCoinbase Digital Currency Exchange
Overall rating★★★★★★★★★★
Costs rating★★★★★★★★★★
Registered
Exchange locationUSAUSA
Offers a debit card
Go to site
More Info
More Info

Winner: Coinbase


Round 2: Supported coins

Coinbase supports exponentially more cryptocurrency coins and tokens than Robinhood. Robinhood only offers users 12 crypto assets and is missing some major assets like Cardano (ADA), Polkadot (DOT) and Avalanche (AVAX).

Coinbase has all of the assets that Robinhood offers and more. In addition, Coinbase supports staking for some of its crypto assets, allowing users to earn a passive income.

Robinhood CryptoCoinbase Digital Currency Exchange
Number of tradeable crypto assets15239
Go to site
More Info
More Info

Winner: Coinbase


Round 3: Supported fiat currencies

Coinbase supports a wide range of fiat currencies through credit and debit card purchases, while also supporting direct deposits of GBP, EUR, CAD, SGD and USD. Robinhood only supports deposits and withdrawals of USD. Both platforms support direct deposit of US paychecks into trading accounts.

Robinhood CryptoCoinbase Digital Currency Exchange
Number of supported fiat currencies123
Go to site
More Info
More Info

Winner: Coinbase


Round 4: Fees and costs

Robinhood charges no fees for buying and selling cryptocurrencies, but there is a spread between buy and sell prices. This means there are times when you’ll pay a much higher price or sell for a lower amount on Robinhood than on another platform.

Coinbase has a more complex fee structure, with different fees for instant buy and sell, spot trading and converting.

Robinhood also has free USD withdrawals and deposits.

Robinhood CryptoCoinbase Digital Currency Exchange
Deposit FeesWire transfer: $10
Trading FeeMaker: free
Taker: free
Maker: 0.00 - 0.4%
Taker: 0.05 - 0.6%
Withdrawal FeesWire transfer: $25
Deposit methodsBank transfer, Cash, Debit cardBank transfer (ACH), Debit card, PayPal, Wire transfer, Apple Pay, Google Pay
Go to site
More Info
More Info

Winner: Robinhood


Round 5: Wallets

Coinbase has a proprietary wallet: Coinbase Wallet. It’s fully noncustodial and compatible with multiple blockchain networks like Ethereum, Solana and more.

The wallet can store NFTs from any supported blockchain as well. This allows you to interact with decentralized apps (dApps) like decentralized exchanges (DEXs) or NFT marketplaces.

Robinhood offers only an exchange wallet, though it has a proprietary wallet in development. Robinhood didn’t even allow deposits or withdrawals of crypto until May, 2022.

Winner: Coinbase


Round 6: Ease of use

Both Robinhood and Coinbase are designed for beginners who have no trading experience. They both have smooth user interfaces and easy-to-find buying and selling tools.

However, Coinbase is solely focused on crypto, making it a simpler task for new users to focus on crypto rather than being distracted by other investment options.

Winner: Coinbase


Round 7: Security

Both Coinbase and Robinhood have experienced breaches. Coinbase was hacked in October 2021, affecting 6,000 users, though they were reimbursed. Robinhood experienced a data breach in November 2021, with 5 million email addresses and 2 million customer names being stolen.

Coinbase has insurance for both crypto and fiat holdings, while Robinhood has FDIC insurance for fiat but no insurance for crypto. It should be noted that Robinhood has had multiple incidences where they halted trading of specific assets, affecting users’ ability to take profit or stop a loss.

Winner: Coinbase


Coinbase vs. Robinhood winner: Coinbase

Taking 6 out of 7 rounds, Coinbase is our winner by a landslide. Coinbase offers more crypto assets, better fiat support including fiat trading pairs, its own wallet, better insurance and an easy-to-use platform. It also offers users earning opportunities.

Robinhood may have lower fees, but it has a small crypto offering and not much else for crypto users. If you’re looking for a platform with stocks and crypto, Robinhood is a good choice, but Coinbase is clearly better for those interested in crypto.

Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.

Name Product Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer Link
eToro Cryptocurrency Trading
eToro Cryptocurrency Trading
Bank transfer, Credit card, Debit card, Neteller, Skrill

18

78

Disclaimer: Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply.

Capital at risk

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Binance Cryptocurrency Exchange (Not available to US users)
Bank transfer, Cryptocurrency

1

369

Capital at risk

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KuCoin Cryptocurrency Exchange
KuCoin Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal, P2P

50

743

Capital at risk

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Bybit Cryptocurrency Exchange
Bybit Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, P2P

73

279

Disclaimer: Highly volatile investment product. Your capital is at risk.

Capital at risk

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Gate.io Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card

8

1607

Capital at risk

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Kraken Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay, SWIFT

8

222

Capital at risk

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OKX Cryptocurrency Exchange
Bank transfer, Cryptocurrency, iDEAL, PayPal, POLi, SEPA, Faster Payments (FPS)

35

338

Capital at risk

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Uphold
Uphold
Bank transfer (ACH), Credit card, Debit card, Apple Pay, Google Pay

27

237

Capital at risk

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Paybis Cryptocurrency Exchange
Bank transfer, Credit card, Debit card, Neteller

42

357

US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.

Capital at risk

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Finder Award
Bitstamp Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, SEPA, Faster Payments (FPS)

3

79

Capital at risk

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Coinmama Cryptocurrency Marketplace
Credit card, Fedwire, SEPA, Google Pay, SWIFT, Bank card

6

16

Capital at risk

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OFFER
Gemini Cryptocurrency Exchange
Bank transfer (ACH), Cryptocurrency, Debit card, PayPal, Apple Pay, Google Pay, SWIFT

7

141

Capital at risk

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Finder Award
Crypto.com App
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal, Wire transfer, Apple Pay, Google Pay, SWIFT

31

318

Capital at risk

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Bybit Cryptocurrency Exchange

Bybit Cryptocurrency Exchange logo
  • Offers leverage and derivative trading
  • Supports EUR, GBP and CHF
  • Licensed to operate in all European countries
Go to site
Disclaimer: Highly volatile investment product. Your capital is at risk.

Kraken Cryptocurrency Exchange

Kraken Cryptocurrency Exchange logo
  • Large selection of cryptocurrencies
  • Low fees for active traders
  • Pleasant UI for new traders
Go to site

KuCoin Cryptocurrency Exchange

KuCoin Cryptocurrency Exchange logo
  • Buy, sell and trade over 700 crypto assets
  • Supports 10 Asian fiat currencies
  • Offers crypto futures trading
Go to site

Kraken Cryptocurrency Exchange

Kraken Cryptocurrency Exchange logo
  • Buy, sell and trade over 200 crypto assets
  • Licensed to operate in 17 jurisdictions in Oceania
  • Supports AUD
Go to site

Binance Cryptocurrency Exchange (Not available to US users)

Binance Cryptocurrency Exchange (Not available to US users) logo
  • Supports over 300 crypto assets
  • Binance Pay enables users spend their crypto
  • Binance P2P supports multiple African fiat currencies
Go to site

Binance Cryptocurrency Exchange (Not available to US users)

Binance Cryptocurrency Exchange (Not available to US users) logo
  • Supports over 300 crypto assets
  • Binance Pay works with Credencial Payments to support crypto payments
  • Binance P2P supports five Latin American fiat currencies
Go to site

Bybit Cryptocurrency Exchange

Bybit Cryptocurrency Exchange logo
  • Supports leverage and derivative trading
  • Supports 300 spot trading pairs
  • Low-to-non-existent trading fees
Go to site
Disclaimer: Highly volatile investment product. Your capital is at risk.

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