Coinbase vs Gemini: Which is Best? [2024]
Key differences
- Coinbase supports over 200 cryptocurrencies while Gemini only supports 70+.
- Coinbase is available in over 100 countries compared to Gemini's 60+ countries.
- Coinbase offers unique features like PayPal withdrawals and crypto earning rewards, while Gemini does not.
Coinbase vs Gemini in Comparison
Description
Coinbase is a popular global crypto exchange with over 240 cryptocurrencies supported.
Popular and well-known exchange based in the USA.
Supported Countries
Available in over 100 countries globally. Full features in most of US including debit cards, staking, instant transfers and futures. Strong support in UK, Europe and parts of Asia with some restrictions. Not available in Singapore or OFAC-sanctioned countries. ID verification required.
Available in over 60 countries globally including United States, United Kingdom, France, Germany, Italy, Spain and Brazil. Supports all 50 U.S. states and territories.
Supported Cryptocurrencies
Over 240 cryptocurrencies
Over 70 cryptocurrencies including native assets like Bitcoin (BTC), Ethereum (ETH), Filecoin (FIL), Zcash (ZEC), Bitcoin Cash (BCH), Litecoin (LTC), Dogecoin (DOGE), Tezos (XTZ), Solana (SOL), Polkadot (DOT), Avalanche (AVAX), XRP, Cosmos (ATOM), Optimism (OP) and more.
Fees
- Transaction Fees:
- $0.99 for transactions $10 or lower
- $1.49 for transactions between $10-$25
- $1.99 for transactions between $25-$50
- $2.99 for transactions between $50-$200
- 0.50% spread fee for transactions over $200
Payment Method Fees:- ACH transfers: Free
- Bank account/USD Wallet: 1.49%
- Credit/debit card: 3.99%
- Wire transfers: $10 incoming, $25 outgoing
- Mobile/Web Instant Orders:
- Under $10: $0.99 flat fee
- Over $200: 1.49% + 0.5% convenience fee
- Mobile/Web Limit Orders:
- Maker: 0.20%
- Taker: 0.40%
- Stablecoin-USD:
- Maker: Free
- Taker: 0.01%
- Crypto Conversion: 1.49%
- Staking: 15%
- ACH/Wire Transfers: Free
Payment Methods
ACH, Wire Transfer, Debit Card, Bank Account, PayPal, Apple Pay, iDEAL, SEPA, Interac e-Transfer, Instant Verification, Google Pay
ACH, Bank Account, PayPal, Apple Pay, Debit Card, Google Pay
Do These Exchanges Allow you To Earn Interest on Crypto?
4.70%
Earn 4.70% APY rewards by holding USDC on Coinbase. USDC is fully backed 1:1 by US dollars. Minimum $1.
Mobile App Ratings
iOS Rating: 4.7 Official rating from the iOS App Store as of November 18, 2024.
Android Rating: 4.6 Official rating from the Android Play Store as of November 18, 2024.
iOS Rating: 4.8 Official rating from the iOS App Store as of November 18, 2024.
Android Rating: 4.2 Official rating from the Android Play Store as of November 18, 2024.
Storage
As a public US company, Coinbase maintains full 1:1 reserves of customer assets with no lending. Their platform features industry-leading security including mandatory 2FA, multi-approval withdrawals via Coinbase Vault, and 24/7 monitoring. Over 10 years of experience and regular third-party audits.
Gemini is the world's first SOC1 Type 2 and SOC2 Type 2 certified crypto exchange and custodian. The platform features industry-leading security controls including mandatory 2FA, hardware security key support, and address allowlisting for withdrawals.
Regular third-party security assessments including SOC2 Type 2, ISO 27001 certification, and annual penetration testing verify security practices.
All customer assets are fully secured with institutional-grade storage solutions.
Have These Exchanges Been Hacked Before?
No. Has never lost customer funds in any way.
No major hacks, though did lose customer funds during the Genesis bankruptcy. However, all customer funds were recovered.
Official Site
Exchange Review
"I mistakenly sent my crypto to the wrong wallet at Coinbase. The team at Coinbase was able to retrieve it and credit to my account within a week. I am quite impressed with their communication, instruction, and result! I'm so relieved. Thank you so much, Coinbase Support!"
- Real user review from iOS App Store, Android Play Store or Trustpilot
No review available
"My favorite crypto exchange! The customer service is great and the fees are not as bad as some other exchanges. I've been trading on Gemini for a couple of years and never had an issue. Thanks for the seamless experience guys!"
- Real user review from iOS App Store, Android Play Store or Trustpilot
Testing Coinbase vs Gemini with $100
I personally tested buying $100 worth of Bitcoin on both Coinbase and Gemini. Here are the results:
For $100, Gemini was giving me 0.00095838 BTC and Coinbase was giving me 0.00094729 BTC.
This means Gemini was offering about 1.17% more Bitcoin for the same $100.
| Comparison for $100 When I Tested | Gemini | Coinbase |
|---|---|---|
| Quoted BTC Price | $101,222.16 | $101,616.19 |
| Fee | $2.99 | $3.74 |
| Fee % | 2.99% | 3.74% |
| BTC Amount | 0.00095838 | 0.00094729 |
As shown above, Gemini offered both a lower BTC price and a lower fee (2.99% vs 3.74%), resulting in more Bitcoin for your money.
Note: This was using the normal Coinbase and Gemini Simple. Fees may be different when using Gemini Advanced and Coinbase Advanced.
Here are the images of the transactions:
Coinbase Test with $100
Gemini Test with $100
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