Coinbase vs CoinDCX, pros(detailed information)-Fahadktalk

Coinbase vs CoinDCX, Let's discuss about both of them in details and try to conclude, which is a better cryptocurrency wallet for crypto investors and traders.

As we all know, the cryptocurrencies market is prevailing and experts say cryptocurrency is the future of investing, so now people are getting more interested in cryptocurrency investing, and that's why the demand for safe wallets for storing cryptocurrency is growing too.

There are many wallets available in but there is confusion for you which to choose, Coinbase and CoinDCX are one of the most popular and safe in comparison to other wallets. So, I am going to do a detailed comparison between coinbase and CoinDCX for you that can help you to choose between coinbase and CoinDCX.

Let's start with the pros and cons of coinbase and coin Dcx, 

Pros of coinbase: 

- Variety of cryptocurrencies: Coinbase helps its customers to trade and invest in 25 altcoins. In coin base, you have various options to choose from cryptos like chainlink, ethereum, Litecoin, orchid, Tezos, USD coin, and augur, etc.

- Simple and easy user interface: Coinbase has a user-friendly app with incredible features for mobile users too and Coinbase is very simple to use, you can do small transactions effortlessly without any difficulty. 

- Beginners guide: Coinbase also offers complete guidance by its learning program for beginners investors and traders. You can learn while investing before going further in the cryptocurrency field for taking any big decisions.

- Higher security: Coinbase assured that your transactions and Investing amount are secure from any fraud and hacks.

- Low minimums fund: Coinbase helps investors and traders to buy cryptocurrency even at just $25. You don't have to always invest high amounts to buy cryptocurrency, at coinbase you can buy cryptocurrency at low prices.

Also read:Top 5 cryptocurrency to invest in 2021

CoinDCX pros: 

- Higher Security: CoinDCX is one the safest platform to invest and trade in cryptocurrencies, CoinDCX assured that your account details and translations process is secured.

- Wide variety of cryptos available: CoinDCX supports nearly 200 varieties of cryptocurrency. You can trade in up to 200 cryptocurrencies on CoinDCX.

- Low fees: CoinDCX has low trading and withdrawal fees in comparison to other cryptocurrency wallets, it also attracts investors and traders to try CoinDCX.

- Good customer care service: CoinDCX offers 24/7 customer support for its customers, to ensure that the customers on CoinDCX have a hassle-free experience.

- User-friendly application: Coinbase has an efficient user friendly app with amazing features for its customers.

Cons of Coinbase: 

- Coinbase fees are much higher in comparison to its competitors.

- The altcoins variety is good but for serious investors and traders, it couldn't be enough. Coinbase has announced that it will include more altcoins in the future.

- Some hacks that happened with customers were reported in 2021 but now Coinbase has become more secure for its customers.

Cons of CoinDCX: 

- No options are available for fiat currency except only Indian rupees.

- No demo accounts are available in CoinDCX.

- Investors and traders need to require verification for higher fiat limits.

Now, after pros and cons let's look at a comparison with detailed information of CoinDCX and Coinbase, 

- Coinbase withdrawal fees is 0 and CoinDCX withdrawal fees is 0.0005.

- Coinbase support 120 cryptocurrency and CoinDCX 216.

- Taker fee of Coinbase is 2.00% and CoinDCX is 0.04%.

- Coinbase maker fee is 2.00% and CoinDCX is 0.6%.

These are some details which you all investors and traders should know before using Coinbase and CoinDCX. 

Conclusion: 

These are the two most popular cryptocurrency wallets among traders and investors, both are valuable apps but which is better for you? Is depends upon your requirements and yes definitely your choice. Both are safe and simple to use. So, I would suggest you gather proper information about everything and then make a decision.

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