It seems like every day there are new crypto exchanges and websites. This can be overwhelming especially for beginners with the amount of choices you have. Since they all have their own fees and features, you want to choose the best one for you and your needs. Continue reading on for our comparison of Coinbase vs QuadrigaCX for crypto trading.
Coinbase vs QuadrigaCX
We’ve written a bunch of articles mentioning Coinbase and we have only good things to say about them. They’ve been around for a while and they are ideal for beginners jumping into crypto. Their platform/UI is very clean, easy to navigate and straight to the point.
For simple buying and selling of coins, you can’t go wrong with these guys. Take the 30 seconds to sign up, attach a payment method and you’re good to go! You can up your limit by doing verification such as:
- Adding a phone number.
- Providing personal details.
- Providing a photo ID.
- Establishing a history of buying and selling on their platform.
- Using a wire transfer to fund your account.
Unlike QuadrigaCX which I’ll get into, Coinbase acts as a broker and that’s it. They help you buy and sell coins quickly so you can cash out or transfer them to another wallet. For those with less crypto or investing experience in general, this makes the perfect platform to get your feet wet. Unlike many other websites in their category, Coinbase offers more payment/withdrawal methods that are very convenient.
Quadriga or QuadrigaCX is a cryptocurrency exchange which allows you to place buy and sell orders. Instead of simply just buying or selling like Coinbase, you are trading currency pairs like you would with Forex. Note the currency pairs in the top right corner of their website.
This means if you’re interested in becoming a serious trader or have experience trading other securities, QuadrigaCX will make a better choice. They offer more in-depth tools, graphs, and reports you can use to make more accurate decision and strategies.
Being partnered up with CloudFlare, The Bitcoin Co-Op and Hetzner Online means they are one of the most secure and trustworthy exchanges. They are also a silver corporate member at the Bitcoin Foundation which is a non-profit organization focusing on protecting Bitcoin and promoting fair use.
What’s the Verdict?
When it comes down to Coinbase vs QuadrigaCX, it all boils down to your goals. Are you looking to keep it simple and buy some coins? Then go with Coinbase. If you’re looking to invest, trade often, and come from an investing background, QuadrigaCX is for you.