Coinbase vs Gemini – Which one is best to buy Cryptocurrency?

As of 2018, there are lots of option available to buy cryptocurrency like bitcoin, ethereum. Gemini and coinbase are the biggest players in this field.

But from both of them, Which is best for you? Who is more trustable and also who has fewer fees?

If these questions are also in your mind, then you are in the right place.

In this post, I am comparing both sites and tell you which is best for you to buy bitcoin or other cryptocurrencies.

Both sites have there pros and cons thus I am comparing both of the sites by taking some of the major points in consideration like Security, fees, Trust, payment method, Ease of use, etc.

 

Site NameCoinbaseGemini
Site TypeBuy sellBuy sell And Exchange
Deposite methodCredit Card, Debit Card, Bank Transfer Bank Transfer
Withdraw methodPayPal, Bank TransferBank Transfer
Deposite/ Buy Fees1.49% To 3.99%0
Withdraw/ Sell Fees1.49% to 3.99%0
Trading FeesN/A0.25%
Available CyrptocurrencyBitcoin, Bitcoin cash, Ethereum LitecoinBitcoin, Ethereum
Company Launch Year20122015
Company HeadquaterNew York,USACalifornia, USA
Mobile AppYesNo
Community TrustExcellentExcellent
Customer SupportGoodGood
Verification RequiredYesYes
User InterfaceBeginner friendlySlighty Complex
Security GoodGood
Two Factor AuthenticationYesYes
Trust Score90/10080/100

 

Let briefly discuss some key points of Coinbase and Gemini

History

Coinbase

Coinbase is one of the most trusted websites which was founded by brain Armstrong in 2012, Who is also a CEO Of coinbase. With more than 100Million+ monthly visitors, Coinbase is one of the biggest players in crypto-Industry.

Gemini

Gemini was started by the Winklevoss twins in 2015. In 2016 Gemini became the first license ether exchange in the world according to CNBC report. It regulates from the USA and has headquarters in New York.

Trust

When comes to buying there is always one question in mind and that is trust.

Coinbase and Gemini both are the trusted sites. Both of the companies are registered in the USA and works under the regulation of US government

Coinbase has more than 10millions+ registered users and also received investments from Alexis Ohanian (Reddit Co-Founder), Bank of Tokyo, Blockchain Capital, and various other trusted investors.

Whereas Gemini is not old as coinbase but it has a very good reputation in crypto- community.

User Experience

The interface of coinbase is very simple and beginner friendly which makes buying and selling of cryptocurrency easier, It’s like a cryptocurrency store.

You need to signup with your email and phone number. Then you having to upload any government id like Driving license or Passport to verify your details. Then you can easily buy and sell cryptocurrency

On the other hand, the User interface of Gemini is like a traditional exchange.

If you had used exchange before then there will be no problem for you with the interface but if you are new to exchange then you have to some time to get with the interface.

In short, the interface of Gemini is not simple nor complicate it is somewhere in middle.

Fees

When it comes to fees the coinbase is way more expensive than Gemini. Coinbase charges higher fees then Gemini. The withdrawal and deposit fees of coinbase are between 1.99% to 3.99% depending upon the mode of payment.

On the other hand, Gemini charges zero fees for deposit and withdrawal. It charges 0.25% or less on trading as a makers and takers fees.

So here Gemini is a clear winner

Customer Support

In terms of customer support, both sites are good. I had tried to contact with contact with customer support of both site with mail both sites replied me within 24 hours.

So I think both the site support can respond to email query within 24- 48 hours.

In customer support, both sites are quite good but I think they have to give a feature like live chat or live phone support which will be very helpful to us

Payment method

Here coinbase has a wide variety of option available. You can buy cryptocurrency with a credit card, debit card and also with bank transfer. Also, you can withdraw your money with Paypal and bank transfer.

Gemini has limited option, here you can deposit and withdraw your money only with bank transfer which takes hell lots of time.

So in this aspect coinbase is the clear winner

Supported coins

Coinbase allows you to buy and sell Bitcoin, Bitcoin cash, Ethereum and Litecoin

On the other hand, Gemini has a limited option it only supports Bitcoin and ethereum.

Security and trust

In terms of security both of the sites are never been hacked and also both provide two factors authentication.

As prefers security, both sites are cares about security

Mobile friendly

Both the sites are responsive and mobile friendly, there had been no issue in using this site by mobile.

Coinbase also provides a mobile app which is very handy but Gemini doesn’t have their official app.

Warning: There are many apps on play store which claims to be Official Gemini apps but they are fake.

Gemini hadn’t officially launched their mobile app but I think they might be soon launching their app.

Also here is the link to Official coinbase app

Safety of Fund

Both the sites really care about security and safety of customer’s fund. But no one knows what will happens tomorrow and when these sites may get hacked. So I recommend you to don’t keep funds in your account for a long time or keep less amount of fund.

Supported countries

Coinbase is available in 30+ countries including USA, Canada, Singapore, Australia, etc. Whereas Gemini is available only in USA, Canada, Hong Kong, Singapore, South Korea and the United Kingdom.

In terms of Countries supported coinbase is a clear winner.

Purchasing limit

When it comes to Buying and Selling both the sites have their limitation. Coinbase hadn’t mentioned any specific limit. You can learn more about coinbase purchasing limit here.

Gemini has set some specific limits for individual and institution.

It has daily deposit limit of $500 for individual and $10,000 via ACH, also it has a monthly limit of $15,000 for individual and $300,000 for an institution.

Also, It has a daily withdrawal limit of $100,000 for individual and institution.

There is no limit for withdrawal and deposit via wire transfer, BTC and Ether for an Individual as well as institution.

Coinbase Or Gemini Which is better?

Both the sites have there pros and cons. As there security and trust is good there are really tough decision to tell you which is best.

But choosing one of the sites between them is fully depends on your preference.

If you want to buy cryptocurrency quickly and without any hustle then coinbase is for you. But coinbase charges more fees than Gemini.

But if you have patience and want to save fees then Gemini is the best option for you. If Gemini adds some more feature like buying cryptocurrency with credit and debit card then Gemini might be the clear winner.

In conclusion, I can say that coinbase has more feature than Gemini which helps you to quickly buy crypto, on the other hand, Gemini has less feature but it has almost negligible fees.

Visit Coinbase         Visit Gemini

 

Before making any decision Please read this

I want to clear something as I am from India I hadn’t use both of them but one of my friend living in the USA used coinbase and he is satisfied with there services. He buys bitcoin with coinbase by using his credit card. He also told me that If you deposit funds via wire transfer you might lose your funds as bank do not like bitcoin business. There are many people who have lost their funds because of wire transfer. So my friend always prefer depositing funds via credit or debit card.

Read this Reddit post to know more.

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