Bitget vs Coinbase 2024: Compare Exchange Fees & Security (2024)

Bitget vs Coinbase are two of the top 10 according to Coinmarketcap. They boast high liquidity and trade volume, ensuring smooth transactions for users. However, these platforms cater to different user bases and needs. Let’s delve into a comparison of their services to help you decide which exchange best suits you.

Key Takeaways:

1. Coinbase is a US-regulated cryptocurrency exchange, ideal for North American and European crypto traders, given its regulatory licenses across these jurisdictions. In contrast, Bitget is more oriented toward Asian countries.
2. Bitget offers advanced crypto trading services like 125x leverage futures trading and copy trading, whereas Coinbase has only 10x leverage trading for selected US traders.
3. Bitget is better due to its low trading fees and more tradable altcoins, whereas Coinbase is better for its beginner-friendly interface and easy fiat on-ramp and off-ramp.

Bitget vs Coinbase: Quick Comparison

What is Bitget?

Bitget is a popular cryptocurrency copy trading exchange founded in 2018 and is regulated in Poland and Lithuania as a Virtual Assets Service Provider (VASP). The exchange has over 25 million registered users and lists over 750 spot cryptocurrencies for trading. The exchange also has its own native token called BGB. The trading fees range from 0.1% for both makers and takers, to as low as 0.08%.

The platform places a strong emphasis on security, making it a safe platform for trading. You must complete Know Your Customer (KYC) and Anti-Money Laundering (AML) verification to use the platform. This ensures that all users are verified and that the platform complies with regulations.

You can unlock up to a $1000 USDT bonus and enjoy 20% off on trading fees with our exclusive Bitget referral code “ew9a8763”.

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Bitget Pros

• Competitive trading fees, often lower than many other crypto exchanges like Coinbase
• Clean and straightforward interface for beginners
• 750+ tradable assets including many lower-cap altcoins
• Web3 services with non-custodial wallet and dApps integration
• Multi-layered security protocols, including cold storage for a majority of assets and insurance funds

Bitget Cons

• Limited options for fiat-off-ramp (fiat withdrawals)
• Not available in all countries, including some significant markets like the United States

What is Coinbase?

Coinbase is another popular US-based cryptocurrency exchange started in 2012 in San Francisco. People use Coinbase to buy, sell, and store over 240 digital currencies like Bitcoin and Ethereum. You can access Coinbase from over 100 countries. These countries also include financial hubs like the U.S., the UK, and Canada.

Coinbase also offers many features for users including an “Coinbase Advanced Trade” platform. It allows you to place different types of orders including market and limit orders with advanced charting tools and order book. Another feature is “Recurring Buys”. This feature lets you set up automatic cryptocurrency purchases over a specific time interval. Coinbase also offers services like Coinbase card and NFT marketplace for digital art lovers.

It also has a program called Learn & Earn. This program teaches you about different cryptocurrencies and rewards you with small amounts of those currencies. Staking is another passive income option for long-term crypto holders. The exchange also has a mobile app. It is easy to use, making it a good choice for novice traders.

Sign up for Coinbase and trade now to receive up to $200 in crypto. Coinbase users can earn more, up to $400 on average just by taking advantage of the exchange rewards. Sign up and trade now.

Coinbase Pros

• Easy fiat deposits and withdrawals through bank transfers and debit cards
• Highly secure with a money transmitter license in the US
• Stores 90% of user funds offline, and it offers insurance coverage in case of cybersecurity breaches
• It offers a mobile app for both iOS and Android devices
• Advanced services for merchants and traders like Coinbase Commerce and Prime

Coinbase Cons

• High trading fees than the standard industry average
• No support for advanced features like margin trading, automated trading bots, and P2P trading

Bitget vs Coinbase: Features Comparison

Futures Trading

Bitget lets you trade perpetual futures contracts. This means there is no expiration date. This means you’re betting on the future price of a cryptocurrency, not buying it right now.

You can use leverage up to 125x. This means you can trade with more money than you actually have. It’s risky, but it can lead to bigger profits (or losses).

Bitget offers three types of futures contracts:

1. USDT-M: These contracts are settled in USDT (a stablecoin pegged to the US dollar). This means you’re protected from big price swings in Bitcoin itself.
2. COIN-M: The contracts use cryptocurrencies like Bitcoin for margin and settlement. This can be more risky, but also more profitable.
3. USDC-M: Similar to USDT-M, these contracts are settled in USDC, another popular stablecoin.

Bitget allows two margin modes:

• Cross Mode: In cross mode, your entire account balance can be used to avoid liquidation. This means all funds in your account can help cover losses.
• Isolated Margin: You set a specific amount of collateral for each position. This is safer, but you won’t be able to use your full account balance.

Beyond basic market and limit orders, Bitget also offers advanced order types for more control over your trades:

• Trigger: Your order is only placed if the price reaches a certain level. This is good if you’re waiting for a specific price to buy or sell.
• Post Only: It ensures your order is added to the order book and not executed immediately. This is useful for avoiding taker fees and ensuring you earn maker fees.
• Trailing Stop: The order moves with the market price. It sets a stop price at a fixed distance from the current price. If the market price moves in your favor, the stop price moves too. This helps you lock in profits while limiting losses.

Bitget’s platform is also user-friendly with many technical tools and charts. You can analyze the market before trading. There is also a demo mode. You can practice trading without using real money. This helps you learn how to trade and use different order types.

Coinbase also offers futures trading, but it’s not for everyone. Only residents of the US with a Social Security Number (SSN) can apply. If approved, you can trade on “Coinbase Advanced Trade”. The exchange has both traditional and perpetual futures with fixed and no expiry dates.

Coinbase traditional futures market supports only 5 cryptocurrencies: BTC, ETH, BCH, LTC, and DOGE. However, perpetual futures support over 40 coins and tokens.

The maximum leverage depends on the contract and can change, but it’s never more than 10x. The default leverage is set to 5x for many altcoins. Similar to Bitget, Coinbase only offers 3 order types: limit, market, and stop limit.

Winner: Bitget has a better futures trading portal than Coinbase due to its support for an extensive list of coins, multiple advanced order types, high leverage (125x vs 10x), and comparatively higher trading volume in the futures market.

Earn Services

Bitget Earn offers various ways to earn passive income with your idle crypto. Here’s an overview of the main earn products:

• Savings: It offers both fixed and flexible staking options. Fixed means you lock up your crypto for a set time to earn rewards. The longer the lock-up, the higher the reward. You can earn up to 100% APR for a fixed time like 7 days, 30 days, or 90 days. Flexible means you can withdraw your crypto anytime. The rewards are lower than fixed staking but offer more flexibility.
• Crypto Loans: You can borrow crypto using your assets as collateral. You pay interest on the loan, but you can still benefit from your collateral if its value increases. There is a flexible interest rate of up to 8% per year.
• BGB Staking: BGB is Bitget’s own native token. By staking BGB, you can earn 2% interest and enjoy benefits like zero-fee withdrawals.
• Shark Fin: Shark Fin is a low-risk investment product. You earn a base APR, but if the price of your asset stays within a set range, you can earn more.
• Range Sniper: This lets you bet on the price of crypto staying within a certain range. If it does, you earn a higher return. If not, you still get your principal back.

Coinbase also offers various services to earn rewards through its Coinbase Earn program. It lets you earn cryptocurrency by learning about it. You watch short videos and complete quizzes. For each quiz you complete, you receive a small amount of cryptocurrency.

Coinbase also offers staking services for over 124 assets. You can earn up to 9% APY. You can stake PoS cryptocurrencies like Ethereum, Tezos, and Cosmos. Rewards vary based on the amount staked and the performance of the network.

Sign up for Coinbase and trade now to receive up to $200 in crypto. Coinbase users can earn more, up to $400 on average just by taking advantage of the exchange rewards. Sign up and trade now.

Winner: Both platforms offer staking services, however, Bitget has extensive earn products like a shark fin, dual investment, range sniper, and more.

Bitget Token (BGB)

Bitget Token (BGB) is the native token of the Bitget cryptocurrency exchange, launched in 2021 to replace the older Bitget Defi Token (BFT). Built on the Ethereum blockchain, BGB has a maximum supply of 2 billion tokens, allocated for community growth, branding, and other strategic purposes.

Holding BGB offers various advantages within the Bitget ecosystem. These include a 20% discount on spot trading fees and futures trading fees. BGB holders can also use it as collateral in contract trading and access early-stage investments through the “Launchpad” feature.

Furthermore, BGB enables users to earn passive income through “Launchpool” staking, copy trading profit sharing, and a staking program that offers interest and gas-free withdrawals. Additionally, holders participate in platform governance, vote on new listings, and are eligible for daily lottery tickets through “Super Airdrop” features.

Note: Coinbase doesn’t have a native governance token.

Bitget Copy Trading

Bitget also provides the opportunity to engage in crypto copy trading. A practice where individuals can replicate the trading activities of expert traders. This approach can be particularly beneficial for those who lack the time or expertise to actively manage their own trades.

On Bitget, users can peruse a directory of professional traders (over 130,000 elite traders), each with a profile detailing their historical performance. These profiles typically showcase key metrics such as return on investment (ROI), win rate, and overall profit. Plus, Bitget extends copy trading capabilities to both spot and futures markets.

It’s important to acknowledge that copy trading on Bitget isn’t without its costs. You may incur trading fees, performance fees based on the profits generated from mirroring a trader’s actions, and in some instances, subscription fees for accessing certain traders’ strategies.

Elite traders on Bitget can generate passive income by sharing their trades. They receive a portion of the profits made by their followers, which can be up to 10% of the followers’ earnings.

Winner: Bitget offers an extensive copy trading platform, whereas Coinbase doesn’t offer this service.

Coinbase Commerce and Prime

Coinbase Commerce makes it easy for your business to accept payments in various cryptocurrencies like Bitcoin, Ethereum, and Litecoin. You can smoothly integrate it into your online store using platforms like WooCommerce. They offer two types of accounts: self-managed and Coinbase-managed.

With a self-managed account, you’re in control. You manage your crypto using a private key and a 12-word seed phrase. This also means you’re responsible for the security of your funds. Coinbase doesn’t hold or manage them. There’s a 1% transaction fee for this type of account, and it’s available globally, except in countries sanctioned by OFAC.

As a merchant, you can withdraw your crypto to an external wallet or a linked Coinbase account, but not directly to a bank account.

Coinbase Commerce makes crypto payments simple and secure. Their Onchain Payment Protocol ensures fast transactions with low fees. It’s also open source, so other businesses can build on it. The service offers instant settlement and supports hundreds of currencies across different blockchain networks like Ethereum and Polygon.

On the other hand, Coinbase Prime is designed for institutional investors. It offers advanced trading and custody solutions for those dealing with large-scale investments. This means sophisticated charting, deep liquidity, and secure storage for your digital assets. It’s perfect for financial institutions, hedge funds, and other big investors.

Winner: Coinbase is a clear winner with payment services for businesses, whereas Bitget doesn’t offer these services.

Sign up for Coinbase and trade now to receive up to $200 in crypto. Coinbase users can earn more, up to $400 on average just by taking advantage of the exchange rewards. Sign up and trade now.

Bitget vs Coinbase: Fees

Bitget Trading Fees

Bitget uses a maker-taker fee model for spot trading. The fees depend on your user level and whether you use BGB tokens to get discounts.

• Non-VIP Users: Maker and taker fees are both 0.1%. If you pay with BGB tokens, the fees drop to 0.08%.
• VIP 1: Maker fee is 0.040%, taker fee is 0.060%. With BGB, the maker fee is 0.032%, taker fee is 0.048%.

For futures trading, Bitget also uses a maker-taker model:

• Non-VIP: Maker fee is 0.02%, taker fee is 0.06%.
• VIP 1: Maker fee is 0.01%, taker fee is 0.05%.

You can check the full Bitget trading fees here.

Coinbase Trading Fees

Coinbase charges fees for various transactions, which can depend on the platform used (Basic or Advanced), the type of transaction, and the payment method. The Basic platform transactions have fixed fees for small amounts and a percentage fee for larger amounts, while Advanced platform transactions use a tiered maker-taker fee structure.

When using the Coinbase Basic platform, fees are charged for buying, selling, and converting cryptocurrencies.

• For transactions up to $10: $0.99 fee
• For transactions between $10 and $25: $1.49 fee
• For transactions between $25 and $50: $1.99 fee
• For transactions between $50 and $200: $2.99 fee

Additionally, for transactions over $200, the fee is a percentage of the total amount, generally around 1.49%

Coinbase Advanced has a fee system based on a maker/taker model, adding liquidity or taking liquidity from the market. The more you trade over a 30-day period, the lower your fees become.

Coinbase Advanced also has a separate stablecoin fee. For trading pairs pegged to stablecoins, makers pay 0.00% and takers pay between 0.10% and 0.45%, depending on their liquidity tier.

There is also a staking fee. Coinbase takes a slice of your staking rewards instead of a straight fee. This slice, called a commission, is usually 35% for most assets like ADA, ATOM, DOT, MATIC, SOL, and XTZ. But for Ethereum (ETH), it’s only 25%.

Here’s the deal for Coinbase One members: They get a discount on commission rates for most assets, bringing it down to 26.3%.

The commission is automatically deducted from your rewards, so what you see in your account is the amount you earn after the commission is taken out.

Check the full Coinbase exchange fees here.

Sign up for Coinbase and trade now to receive up to $200 in crypto. Coinbase users can earn more, up to $400 on average just by taking advantage of the exchange rewards. Sign up and trade now.

Winner: Bitget charges lower trading fees compared to Coinbase (0.1% maker/taker vs. 0.4% maker and 0.6% taker).

Deposit and Withdrawal Fees

Bitget offers free deposits when you transfer cryptocurrencies into your account. If you are depositing fiat money, the fees depend on the currency and the method used.

For example, depositing Euros (EUR) through methods like Ouitrust is free, while using OpenPayd costs 0.5% of the deposit amount.

Coinbase also charges variable deposit and withdrawal fees:

Withdrawing cryptocurrencies on both platforms has different fees depending on the specific cryptocurrency and the current network conditions.

Bitget vs Coinbase: Supported Coins

Bitget has a lot more crypto choices for trading than Coinbase. Bitget offers over 750 different cryptocurrencies, while Coinbase offers around 240.

Bitget vs Coinbase: Deposit Methods

For deposits, Bitget accepts cryptocurrencies and 140+ fiat currencies like GBP, EUR, INR, and USD. Some popular methods are:

• Bank Transfer
• Credit/Debit Card
• PayPal
• Skrill
• Neteller
• Apple Pay
• Google Pay

On the other hand, Coinbase is more popular for its various fiat deposit methods in the US and European countries due to regulatory compliance. Here are some popular ones:

• Bank Account (ACH)
• Wire Transfer
• Debit Card
• PayPal
• SEPA Transfer (for European users)
• SWIFT Transfer

Bitget vs Coinbase: Security

Both cryptocurrency exchanges are highly secure with safety measures like:

• Two-factor authentication (2FA)
• Google Authenticator
• Withdrawal address whitelist
• Anti-phishing code
• Biometric fingerprint login
• Cold Storage for Funds
• Insurance Coverage

Bitget keeps a safety net of $300 million to protect users’ crypto in case of problems on their platform. This protection fund covers situations where users lose money because of something that goes wrong with Bitget’s system. The fund includes 6,500 Bitcoin (BTC).

Talking about Licenses, Coinbase is registered with the Financial Crimes Enforcement Network (FinCEN) as a Money Services Business (MSB). It is also licensed in the UK and Canada. On the other hand, Bitget also has obtained licenses to operate in Poland and Lithuania as a Virtual Asset Service Provider (VASP).

Both Bitget KYC and Coinbase KYC verification are mandatory. This involves submitting government IDs and personal information to prevent fraud.

Final Thoughts: Bitget vs Coinbase, Which is The Better Crypto Exchange?

Bitget and Coinbase are both good crypto exchange platforms for buying and selling digital assets, but they have different strengths.

While Bitget offers lower fees, more cryptos to trade, and features like bot trading, copying other traders’ strategies (copy trading), and high-leverage derivatives trading. Coinbase excels in ease of fiat deposits and withdrawals, and robust security measures with regulatory licenses in various jurisdictions like the US and Canada. It also offers a popular non-custodial Coinbase Wallet.

FAQs

Is Bitget a good exchange?

Yes, Bitget is considered a good exchange for cryptocurrency trading. It boasts competitive trading fees, advanced tools, and a wide selection of over 750 tradable assets, including many altcoins. Additionally, Bitget prioritizes security, with measures like KYC verification, insurance fund, and multi-layered security protocols.

Which is best for beginners, Bitget or Coinbase?

Both Bitget and Coinbase cater to beginners with their user-friendly interfaces and straightforward trading processes. However, Coinbase may be slightly more beginner-friendly due to its simplicity and extensive educational resources, such as the Learn & Earn program. On the other hand, Bitget offers features like copy trading and demo mode for practice, which can be beneficial for beginners looking to learn and improve their trading skills.