PrimeXBT vs Coinbase Trading: Which Platform is better?

When it comes to buying Bitcoin (or any cryptocurrency), there are plenty of options. Despite the growing list of exchanges and brokers, however, not all of them are equally user-friendly, secure, or affordable. Such is the case with PrimeXBT vs Coinbase. While both platforms offer ways to buy Bitcoin (and other coins), they cater to different types of users. If you’re just getting started with crypto, you’ll want an easy and reliable way to purchase tokens like BTC. And while most exchanges and brokers are similar in this regard, each one has its unique quirks and costs. So how do you know which one is right for you? Keep reading for an in-depth comparison between PrimeXBT vs. Coinbase so that you can decide which one best fits your needs.

What is Coinbase?

Coinbase is one of the world’s largest cryptocurrency exchanges. It was launched in 2012 and is headquartered in San Francisco, USA. However, when Coinbase launched, it was not the same exchange as it is now. Instead, Coinbase was originally a medium through which Bitcoin could be bought and sold via bank transfer, primarily to store Bitcoin and some underlying altcoins. Coinbase also has offices in New York and Tokyo. This exchange currently has more than 12 million users and is offering its services in more than 35 countries. People use it to buy, sell, and store Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and Ethereum Classic. While Coinbase is best known for its retail operations, it has a robust offering for institutional investors and financial institutions. This includes everything from its Coinbase Custody service to Prime services.

coinbase exchange platform

Coinbase is well-regulated, compliant, and easy to use, citizens and residents of any country can use it. Whether you want to buy or sell your crypto, you can do so through one of Coinbase’s two main platforms. Coinbase’s flagship platform, Coinbase.com, is a beginner-friendly exchange where you can buy and sell crypto with fiat (USD or your local currency). Coinbase Pro,  Coinbase  Wallet enables you to buy crypto with other crypto or a wire transfer, Credit Card.

What is PrimeXBT?

PrimeXBT is a crypto trading platform that focuses on professional investors. For the most part, it is used as a brokerage service through which you can buy and sell assets like BTC, ETH, and other cryptocurrencies. Like other crypto exchanges, PrimeXBT has its platform through which you can trade. However, unlike most exchanges, PrimeXBT’s model focuses more on providing professional traders with advanced functionality than retail investors. As such, it has a higher barrier to entry than other exchanges.

primexbt trading platform

If you’re brand new to trading and crypto, you may find the experience overwhelming. That said, if you’re an experienced trader looking for advanced functionality and access to a wide variety of assets, you’ll like what PrimeXBT offers. It supports the trading of over 50 trading pairs like cryptocurrencies, stocks, gold, oil, forex, has a wide variety of advanced features, and offers 24/7 customer service.

We also compare many exchanges with Primexbt such as Bybit, Bitmex, Coinbase you can follow in the following articles.

Difference Between PrimeXBT and Coinbase

As you read through the above section, you may have noticed that Coinbase and PrimeXBT have a lot in common. These exchanges even use the same virtual trading platform. This means that you’ll get a similar user experience on both platforms. However, there are a few key differences between these two exchanges. Fees: As we mentioned above, the fees at PrimeXBT are much lower than those at Coinbase. Althought Trading Volume: PrimeXBT’s trading volume is less than Coinbase. This means that you are more likely to find a trading partner at Coinbase if you want to buy or sell large amounts of crypto.

Supported Currencies: Coinbase supports a lot of cryptocurrency such as Bitcoin, Ethereum (ETH), Cardano (ADA), Solana (SOL), Polkadot (DOT), USD Coin (USDC), Dogecoin (DOGE), Uniswap (UNI). Primexbt on the other hand, supports some quality crypto. From this, it is clear that Coinbase has better crypto support, but they are still mainly spot trading, when the bear market is very difficult to make a profit.

The Scope of use Primexbt and Coinbase: Coinbase is legal by US standards, very strict laws mainly supporting citizens of countries like the US and Canada, while Primexbt supports the whole world except the US and Canada.

Why choose Primexbt over Coinbase?

There are a few key advantages that Primexbt has over Coinbase. First, Primexbt  offers a wider variety of  multiple markets. While Coinbase offers just a few common choices. Another advantage is that Primexbt is a full-fledged crypto broker, not just an exchange. As such, it offers access to a wider variety of trading tools, advanced functionality, and investment options. You can also use Primexbt  to store your crypto and other assets. Finally, while Coinbase is available in over 35 countries, Primexbt  is available in over 100. If you’re a citizen or resident of any of those countries, you can use Primexbt trading  to buy and sell crypto and store your assets.

Why choose Coinbase over Primexbt ?

There are a few key advantages that Coinbase has over Primexbt. First, it’s easier to use for beginners. Primexbt  is a robust trading platform that caters to professional traders. As such, it may feel overwhelming for beginners. Coinbase, on the other hand, is straightforward to use. Another advantage is that Coinbase is available to a wide range of countries and has a consistent track record of being a reliable and secure exchange. Finally, Coinbase is regulated, compliant, and secure. It has a history of providing good customer service and is secure. In addition, you can use it to buy and sell crypto, store your assets, and send and receive payments.

Conclusion:

Ultimately, the best exchange or broker for you depends on your needs and level of experience. If you’re new to crypto, you’ll likely want an easy-to-use platform that caters to beginners. Coinbase is a good choice in this regard. If you’re an experienced trader, on the other hand, you’ll likely want a robust platform with advanced functionality and access to a wide variety of assets. In that case, you’ll like Primexbt better.

 

 

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