{"id":61539,"date":"2023-03-27T21:33:36","date_gmt":"2023-03-27T21:33:36","guid":{"rendered":"https:\/\/staging.coinclarity.com\/coinbase-vs-bittrex\/"},"modified":"2023-11-22T18:27:53","modified_gmt":"2023-11-22T18:27:53","slug":"coinbase-vs-bittrex","status":"publish","type":"post","link":"https:\/\/coinclarity.com\/coinbase-vs-bittrex\/","title":{"rendered":"Coinbase vs Bittrex Comparison"},"content":{"rendered":"\n
With Coinbase being the #1 crypto-broker in the world and Bittrex ranked as the 15th best exchange, this comparison could throw up some interesting results. Are these businesses even playing the same game? Is Bittrex trying to attract beginners to their platform? Is Coinbase an exchange? There\u2019s a lot to discuss here.<\/p>\n\n\n\n\n\n
Beginner-favorite Coinbase is loved by the masses and loathed by those who hate paying hefty transaction fees. Accompanying their expert brokerage service makes buying cryptocurrency as easy as doing online shopping. Coinbase offers the most expensive fees of any Tier 1 cryptocurrency exchange.<\/p>\n\n\n\n
Coinbase\u2019s purchase fees will be the greater of the two following conditions:<\/p>\n\n\n\n
To simplify what is an unnecessarily complicated fee system:<\/strong><\/p>\n\n\n\n You should also be aware that:<\/strong><\/p>\n\n\n\n Convenience can be costly.<\/p>\n\n\n\n Bittrex is more straightforward than most exchanges when it comes to fees. There is a flat 0.20% commission on all trades and only five different tiers of discounts for makers and takers, as you can see in the chart below:<\/p>\n\n\n\n Bittrex, or Bittrex Global, charges a small built-in network transfer fee for withdrawals, as is standard (EOS, TRON, and Ripple offer the lowest network fees). Users can view the variable withdrawal cost only when trying to make the withdrawal in the platform.<\/p>\n\n\n\n *Bittrex Global is a near-identical exchange that is registered in Bermuda and operated from Liechtenstein. The two platforms share liquidity and allow more global users to join and exchange under slightly different terms. The names Bittrex, Bittrex International, and Bittrex Global are synonymous.<\/em><\/p>\n\n\n\n Winner: <\/strong>Bittrex. Their fees are pretty low in the crypto world.<\/p>\n\n\n\n To remain compliant with Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures, Coinbase has to perform an ID verification on every user when signing up.<\/p>\n\n\n\nBittrex Trading Fees<\/h4>\n\n\n\n
Sign up and KYC experience<\/h2>\n\n\n\n
Coinbase Onboarding Process<\/h4>\n\n\n\n