By FintechNews Staff
-Robinhood and Coinbase are both popular online investment platforms. They may appeal to different kinds of traders.
-Coinbase is the leading U.S.-based cryptocurrency exchange. Coinbase is all crypto, all the time. If you are looking for analytical tools and technical trading applications, Coinbase is for you.
-Coinbase has a rather complex fee structure.
-Compared to Coinbase, Robinhood is the best option for traders who want to merge traditional investments (e.g., stocks, ETFs, and options) and cryptocurrencies under the same umbrella. It does not offer fixed income investments. It may be better for beginners in cryptocurrency investing.
-Robinhood offers a no-commission fee structure for cryptocurrency purchases. You do, however, pay the spread between the buy and sell prices; Robinhood does not divulge what that cost is.
To go deeper on this subject:
–Coinbase vs. Robinhood: Which Crypto Exchange Is Right for You?
–Coinbase vs. Robinhood: Which Is the Better Crypto Brokerage?
–Robinhood promised to take crypto investors to the moon, and there’s no turning back now