Bitget vs Coinbase | What Are Their Respective Strenghts?

When it comes to trading fees, Bitget and Coinbase offer different options for traders to consider. Let's start by diving into the fees offered by Bitget.

Bitget charges a spot maker fee of 0.10% and a spot taker fee of 0.10%. These fees are already low and comparable to some of the most cost-efficient actors in the market.

For users that want to trade perpetual futures, the maker fee is as low as 0.02%, while takers, on the other hand are charged a fee of 0.06%.

The cherry on top is that Bitget allows both its spot and futures users to lower their trading fees even further by meeting certain criteria. If monthly trade volumes exceed a certain threshold, traders can enjoy reduced fees.

Now, let's turn our attention to Coinbase's trading fees which comprise of a spot maker fee of 0.40% and a spot taker fee of 0.60%. For those that wish to trade futures, Coinbase does not currently offer futures trading.

Similar to Bitget, Coinbase also provides an opportunity for traders to lower their trading fees if their monthly trade volumes exceed $10,000. Having said that, Bitget's trading fees are much more competitive than Coinbase's.

Bitget and Coinbase are both popular cryptocurrency exchanges offering different deposit options for users. Bitget only supports buying crypto with credit/debit card with over 40 fiat currencies but does not offer any support for fiat currency deposits.

On the other hand, Coinbase supports deposits with three major fiat currencies (USD, EUR, GBP) and provides various deposit methods such as ACH, Wire, SEPA, and Swift.

When it comes to Bitget, users can buy cryptocurrencies using their credit or debit cards. The exchange supports a wide range of fiat currencies, allowing users from different countries to conveniently purchase cryptocurrencies using their local currency.

In contrast, Coinbase supports multiple deposit methods such as ACH, Wire, SEPA, and Swift. ACH deposits are completely free, while Wire deposits come with a $10 USD fee. SEPA deposits have a fee of 0.15 EUR, and Swift deposits are free of charge.

Buying cryptocurrencies via third-party providers as is the case with Bitget is more expensive than depositing fiat currencies on Coinbase. The only exception to this rule is for those that deposit funds with credit/debit card. Those users will then also pay steep fees.

When it comes to withdrawing funds, Bitget and Coinbase offer different options for their users.

Starting with Bitget, fiat withdrawals are not available on this platform, users can only withdraw cryptocurrencies. This means that if you're looking to cash out your funds in regular currency, Bitget might not be the best option for you.

However, if you're solely interested in withdrawing cryptocurrencies, Bitget offers a variety of options. For Bitcoin withdrawals on Bitget, users are charged a fee of 0.0005 BTC. For Ethereum, the withdrawal fee is 0.0006 ETH.

If you're looking to withdraw Solana, the fee is set at 0.0074 SOL. Lastly, if you have ERC-20 USDT tokens on Bitget and want to withdraw them, there is a fee of 3 USDT.

Now let's shift our focus to Coinbase's withdrawal fees. Unlike Bitget, Coinbase provides users with the ability to withdraw their funds in fiat currencies as well. They offer several withdrawal methods for fiat currencies, including ACH, Wire, SEPA, and Swift.

This allows users to easily withdraw their funds to their bank accounts using their preferred method. For ACH withdrawals on Coinbase, there is no fee involved, making it a convenient and cost-effective option. However, if you opt for a Wire withdrawal, you will be charged a $25 USD fee.

SEPA withdrawals come with a very low fee of 0.15 EUR while Swift withdrawals have a small fee of 1 GBP. When it comes to withdrawing cryptocurrencies on Coinbase, the fees vary depending on the type of cryptocurrency.

For Bitcoin, the withdrawal fee is 0.0002 BTC. Ethereum withdrawals have a fee of 0.000768 ETH. Solana withdrawals come with a fee of 0.008 SOL. Lastly, if you want to withdraw ERC-20 USDT tokens from Coinbase, there is a fee of 6 USDT.

So while Bitget focuses solely on allowing cryptocurrency withdrawals, Coinbase provides options for both fiat and cryptocurrency withdrawals to it's users.

In conclusion, both Bitget and Coinbase are prominent cryptocurrency exchanges that have established themselves as major players in the industry.

Bitget, with its focus on derivatives trading and copy trading, appeals to experienced traders looking for advanced trading options.

Coinbase, on the other hand, caters to both retail and institutional investors with its user-friendly interface, educational resources, and regulatory compliance.

When comparing key numbers and facts, we can see that Bitget has over 8 million users across 100 countries and supports more than 450 cryptocurrencies.

On the other hand, Coinbase has over 100 million users across 100 countries and supports over 200 cryptocurrencies.  

As for range of products, Bitget offers additional products that are not available on Coinbase such as futures trading, margin trading, copy trading, and additional products such as trading bots, demo trading and P2P trading.

Both Bitget and Coinbase are in the top 10 of cryptocurrency exchanges world wide when it to trading volume and liquidity. And while Bitget offers leverage of up to 125X, that is not available on Coinbase.

In terms of trading fees, Bitget offers competitive options with low maker and taker fees for spot trading and attractive futures trading fees.

On the other hand, Coinbase offers cheaper options for users to deposit and withdraw fiat currencies on the platform.

At the end of the day, we like both Coinbase and Bitget and use them both. But they appeal to different types of users. Degen traders won't be happy with Coinbase as they won't find the necessary products to make them happy.

On the other hand, beginners and institutional clients will more often than not use Coinbase for the added security, beginner friendliness and it's custody solutions.