A comprehensive evaluation of Coinbase vs Robinhood

Have you just stepped into the crypto world?

If yes, then it becomes quite important and difficult also to find out a favorable platform through which you can embark on your crypto trading activities. Several platforms are existing in the crypto market but to ensure that you get the right companion for your crypto activities, we have prepared this read. Here, we will be comparing two well-known and favorable platforms for beginners.

Are you ready?

Great then. But, before making a quick comparison between Coinbase vs Robinhood let’s have a brief introduction to both crypto platforms. 

Shedding light on Coinbase and Robinhood

Coinbase is a well-known platform that supports the crypto trade and encourages potential investors to participate in trading and investment activities. The platform offers a wide range of crypto options from which investors can make a selection. 

Robinhood on the other hand also offers an intuitive approach for the investors to perform crypto trading activities. Unlike the former crypto platform, it doesn’t offer a vast range of trading operations.

Through this read, we will be looking into both platforms and will try to evaluate as which one is best between them. For this, we have found some points of difference based on which we will be having a comparison of Coinbase Vs Robinhood.

POINTS OF COMPARISON

To make a proper and easy evaluation of which one is good, we will be using some points as the basis of comparison and after putting the points of each of the exchanges, we will then conclude which one is favourable for carrying out your trading activities.

Let’s start comparing Coinbase Vs Robinhood then. 

Main platform attributes: With this point of difference, we will be understanding into which activity a particular platform is majorly engaged in. Coinbase encourages investors to participate in the crypto trade, withdraw crypto to a digital wallet, and make a selection from a variety of coins.

On the other hand, Robinhood supports purchase of digital assets, ETFs, stocks, and options. Based on their preference, the investors can make a choice.

Fees involved: Another important factor that plays a crucial role in the crypto mechanism is the fees involved in it. Coinbase charges a certain amount of fees for processing a particular transaction, however, on the other hand, Robinhood is free from commission. Further, the exchange asks for pay order flow fees that vary depending on the trade.

Supported transactions: The transactions supported by the exchange includes buying, selling, sending, receiving, and exchanging digital assets. On the other side, Robinhood supports buying. selling, and limit orders.

To Conclude

Both platforms do carry certain specifications, that are different from one another. Depending on the trade requirements and preferences of the investors they can make a choice between the both. However, with Coinbase investors gets vast options that can add wings to their trade journey. When comparing Coinbase vs Robinhood, it is also discovered that Coinbase supports a large number of trading activities. Further, both platform is suitable for novice investors, thus, you can make a choice with which platform you would like to go ahead after conducting a thorough study of the same.