If you are about to start buying your first cryptocurrency like Bitcoin or Ethereum, then Bitpanda or Coinbase are two excellent companies to engage with. They have both been around for a long time and are well established players on the international crypto scene. In this article we will take a look at the two companies and try to guide you to figure out which one you should choose. If you want to read an in depth review of Bitpanda or Coinbase you can proceed here.
On social media a lot of users describe Bitpanda as the European Coinbase. This is a very fair statement as the two platforms have a lot of similarities. Coinbase and Bitpanda have made it their foremost main objective to give the user a good experience when they buy their first cryptocurrencies, whether it is Bitcoin, Ethereum or some other alternative crypto. When Bitpanda and Coinbase launched it was very hard as a person new to crypto getting their hands on Bitcoin. Most platforms out there were very technical and were clearly not built with the user in mind. The two platforms have solved this by making the experience seamless and giving their users a feeling of trust and a high level of security as an integrated part of the experience when purchasing Bitcoin.
Below you will find a table that compares Bitpanda and Coinbase. As you will see there are not many things that differentiate the two.
|Other tradable assets||Yes, stocks and metals||No|
|Apps, android and iOS||Yes||Yes|
|Debit card||Yes||Coming soon|
|Earn free crypto||Yes||Yes|
|Operating area||Europe + some Asian countries||Globally|
Both Coinbase and Bitpanda have a really great intuitive user interface which caters to the users that want to buy Bitcoin or other cryptocurrencies for the first time. They try to hold your hand every step of the process to make sure you feel secure and safe when you spend your hard earned money on cryptocurrency.
Fees are another point where they do differentiate. Bitpanda has slightly lower fees than Coinbase. If you are located in the European Union then you can use SEPA transactions which are free. That makes it way cheaper to buy Bitcoin on Bitpanda as it eliminates the deposit costs. Buying Bitcoins at Bitpanda then only cost 1.5%, which is industry low.
While Coinbase has been around for a longer period of time, both platforms are fairly old in the crypto industry. They are very well respected and have a great reputation.
If one would have to choose between the two, location is the key. Bitpanda is currently not supporting customers in the United State, whereas North American is Coinbase’s home turf.
Both Bitpanda and Coinbase are excellent choices for investing in Bitcoin and other cryptocurrencies. Take a look at our full review of Coinbase if you want to know more details.
The biggest factor of whether you should choose Coinbase over Bitpanda is probably your country of residence. US users are not able to onboard Bitpanda’s platform at this point. So it makes it an obvious choice for US residencies to go for Coinbase.
If you are living in Europe I would go for Bitpanda, as they do have a bit more interesting features like, tokenized stocks, metals as well as their Bitpanda Ecosystem token (BEST) which you can earn monthly BEST rewards on. This is something that Coinbase does not offer.
If you want to know more about Bitpanda, head over here for a full review.
Bitpanda is the leading crypto exchange in Europe with more than 1 million users. You can trade more than +30 cryptocurrencies, tokenized stocks, gold, silver and other metals.