Gemini vs Coinbase: Which One is Better?

Introduction

Are you looking for Gemini vs Coinbase differences? Major crypto marketplaces Gemini and Coinbase both support a range of digital products. While Gemini has a global presence, some investors may better recognise Coinbase. In this post, you will read about the differences between Gemini and Coinbase.

Gemini vs Coinbase Services

Both Gemini and Coinbase enable the buy, sale, and exchange of non-fungible tokens and cryptocurrencies. However, both are renowned for having intuitive, beginner-friendly platform user interfaces.

Coinbase 

In addition to its primary exchange platform, Coinbase also offers knowledge and education. Users can watch short animated films with educational content to learn about crypto and earn free cryptocurrency. Coinbase also supports a news feed and price alerts.

• Price Alerts
• Newsfeed
• Coinbase Wallet

Gemini 

Gemini caters to both private investors and institutions. The platform facilitates stock trades and serves various institutional clients like asset custodians and fund managers. However, Gemini can be used by corporations, asset managers, and hedge firms for their institutional requirements.

• Publicly-Available API
• Gemini Earn
• Gemini Pay
• Digital Wallets

Gemini vs Coinbase Availability

Both Coinbase and Gemini are closely controlled businesses subject to local financial laws where they conduct business. The platforms may not be accessible to investors everywhere because they emphasise compliance. 

Coinbase

Coinbase is accessible in all 50 U.S. states and 100 other countries except Hawaii. Cryptocurrency can be purchased, sold, and converted by qualified investors in the U.S. via several different payment options.

Even though investors can access Coinbase in many nations, investors might only have restricted access to Coinbase’s services. However, users of Coinbase in some countries can store or exchange cryptocurrencies but not buy more or sell their existing cryptocurrency holdings for local currency.

Gemini

Investors can access Gemini in 61 nations and all 50 states of the United States (gemini.com). Gemini allows numerous people worldwide to purchase, sell, or store cryptocurrencies, but the platform only supports a small number of fiat currencies. However, it requires investors to have one of 7 fiat currencies to purchase cryptocurrencies through the exchange.

1. U.S. dollar
2. Canadian dollar
3. Euro
4. Pound sterling
5. Australian dollar
6. Hong Kong dollar
7. Singapore dollar

Gemini vs Coinbase Cryptocurrency Offerings

Gemini supports numerous cryptocurrencies in addition to Coinbase. Moreover, the quantity of cryptocurrency products on both exchanges is expanding.

Coinbase

Coinbase now supports 174 different coins. The various cryptocurrencies supported range from well-known ones like Bitcoin and Ethereum to less well-known ones like Enzyme and Polymath. In addition to NFTs, it supports multiple cryptocurrencies, like native tokens, utility tokens, stablecoins, and gaming tokens.

Just a few of the coins that Coinbase offers are as follows:

1. Bitcoin
2. Ethereum
3. Solana
4. Cardano
5. Algorand
6. Filecoin
7. Bitcoin Cash
8. SuperFarm
9. SushiSwap

Gemini

Currently, Gemini supports 98 coins. Numerous native tokens, including Bitcoin and Ethereum, as well as several stablecoins, including Gemini’s GUSD, are supported on the Gemini platform. However, it does not allow non-native tokens incompatible with the Ethereum or Solana blockchains, even though it supports many esoteric tokens.

A brief list of some of the cryptocurrencies that Gemini supports is provided below

1. Bitcoin
2. Ethereum
3. Filecoin
4. Solana
5. USD Coin
6. Tezos
7. Basic Attention Token
8. Fantom
9. Smooth Love Potion

Gemini vs Coinbase Fees

Both Gemini and Coinbase generate revenue through fees imposed on customers. However, before using either platform, investors should be aware of both exchanges’ cost structures because they are pretty complicated.

Coinbase

They employ the following pricing tiers:

Transaction Amount	Taker Fee	Maker Fee
$0 – $10K	0.60%	0.40%
$10K – $50K	0.40%	0.25%
$50K – $100K	0.25%	0.15%
$100K – $1M	0.20%	0.10%
$1M – $20M	0.18%	0.08%
$20M – $100M	0.15%	0.05%
$100M – $300M	0.10%	0.02%
$300M – $500M	0.08%	0.00%
>$500M	0.05%	0.00%

 

Gemini

Here’s the fee structure:

Transaction Value	Transaction Fee
≤$10.00	$0.99
>$10.00 and ≤$25.00	$1.49
>$25.00 and ≤$50.00	$1.99
>$50.00 and ≤$200.00	$2.99
>$200.00	1.49%

Gemini levies a higher fee of 3.49 per cent of the transaction’s total cost when using a credit or debit card. Additionally, the exchange imposes a convenience fee of 0.5 per cent for each transaction.

For ACH or wire transfers, the Gemini platform often does not collect deposit or withdrawal fees. A withdrawal charge, which differs by crypto and is charged in the crypto being 

withdrawn, may be applied to customers who make more than ten monthly withdrawals.

Gemini vs Coinbase Security

Best-in-class security measures are well-known for both Coinbase and Gemini. Both exchanges use security protocols, including cold storage for cryptocurrency assets and two-factor authentication (2FA) for account login. Furthermore, both services let users build lists of permitted withdrawal addresses, which stop lessons that aren’t on the list from engaging in fraudulent activity.

Conclusion

Both investment-grade bitcoin exchanges Coinbase and Gemini prioritise security without compromising usability or convenience. Both sales accept a sizable number of cryptocurrencies and are open to numerous investors worldwide. Moreover, depending on your objectives and tastes as an investor, you can decide whether Coinbase or Gemini is the “superior” option. Do your research before choosing a crypto platform to ensure that your choice is well-considered and well-informed.

No, Coinbase is a cryptocurrency trading platform based in the United States.

What is the Coinbase fee?

All bitcoin transactions through Coinbase are subject to a fixed transaction fee of 1%.