|Fees||Variable spread and network fees||$0.99 to $2.99 plus 0.50% spread per trade, 3.99% for credit card purchases|
|Security||Users are responsible for safely storing their crypto, as Exodus doesn’t hold funds or require personal information for accounts||FDIC-insured USD balances up to $250,000, two-step verification, cold storage, bug bounty program, and insurance against theft|
|Wallet||Hot software wallet and integrates with Trezor Model T and Trezor One||Web-based hot wallet software and optional Coinbase hot wallet|
|Transactions Supported||P2P crypto-to-crypto trades||Buy, sell, withdraw, send, and receive|
|Max. Trading Amount||Unlimited||Limits vary based on your payment method and region|
|Apps||Mobile: Android and iOS
Desktop: Windows, Mac, and Linux
|Mobile: Android and iOS
Exodus vs. Coinbase: Features
Exodus and Coinbase have hot wallets, incorporated cryptocurrency exchanges, and support staking. However, the platforms offer different features that may sway users toward one exchange or the other.
First, Exodus is a distributed exchange that doesn’t accept fiat currencies, such as USD cash deposits from a bank account. Instead, users swap crypto via peer-to-peer trading. Moreover, it’s app-based, meaning users must download a desktop or mobile app to use the exchange. This differs from Coinbase, where investors can trade via a web browser or a mobile app.
Exodus offers several features for investors, including:
- Hot wallet: The Exodus digital wallet earns a top spot as a beginner-friendly Bitcoin wallet. It’s free to use, and investors control their private keys.
- Staking: Exodus lets investors stake seven coins and earn rewards. Altcoin staking options include Algorand (ALGO), Cosmos (ATOM), Neo (NEO), VeChain (VET), Cardano (ADA), Tezos (XTZ), and Ontology (ONT). Estimated annual percentage rates (APR) range from 1.24% to 13.88%.
- Trezor partnership: Trezor Model T and Trezor One users can pair their hardware wallets to Exodus to quickly transfer funds between their Trezor wallet and the Exodus exchange.
- Compound finance: Deposit Dai (DAI) into something similar to a crypto savings account to earn a variable interest rate of around 3.74%.
Coinbase is a centralized exchange accepting more than 20 fiat currencies, including USD, EUR, and GBP. Users can transfer funds via the Automated Clearing House Network (ACH), debit or credit card, wire transfer, or PayPal. Like Exodus, Coinbase supports peer-to-peer trading.
Coinbase also offers:
- Staking: Coinbase users can earn up to 5% APR for staking four coins: ALGO, XTZ, ATOM, and Ethereum (ETH).
- Coinbase Earn: Watch videos and read guides about blockchain and cryptocurrencies to earn free altcoins.
- Interest accounts: Get on the waitlist to sign up for an interest-bearing account, earning up to 4% interest on USD Coin (USDC).
- Web and hot wallets: Coinbase users can store their currencies in the Coinbase web wallet or select the Coinbase wallet, a standalone digital wallet that lets users store crypto assets outside the exchange.
- Coinbase Pro: Advanced users can upgrade to the Coinbase Pro platform for free. It offers extra trading options, lower fees, and charting.
Exodus vs. Coinbase: Currencies
Exodus supports 138 altcoins, whereas Coinbase offers 66. Both platforms give access to well-known coins, such as:
- Litecoin (LTC)
- Bitcoin (BTC)
- Ether (ETH)
- Ethereum Classic (ETC)
- Lumen (XLM)
- Loom Network (LOOM)
- Graph (GRT)
- Aave (AAVE)
- Dogecoin (DOGE)
- Polkadot (DOT)
Additionally, each exchange supports stablecoins, like Tether (USDT) and USD Coin (USDC). But, Exodus also offers Gemini dollar (GUSB), TrueUSD (TUSD), and Paxos (PAX). If you’re looking for specific coins, you’ll find a few offered on each platform that aren’t found on the other.
For instance, Exodus supports Chainlink (LINK), Binance Coin (BNB),…