Pionex vs Coinbase | Where Should You Buy & Earn Crypto?

One major factor to consider when deciding which exchange to choose is trading fees. Let's compare Pionex and Coinbase and see which one offers lower fees.

First up, let's take a look at Coinbase's trading fees. They charge a spot maker fee of 0.40% which is on the higher end compared to other exchanges like Binance and OKX which charge 0.1%.

Their spot taker fee is even higher at 0.60%. Unfortunately, Coinbase doesn't offer futures or margin trading so there are no fees to discuss there.

Now let's continue with Pionex. They offer the lowest spot trading fees on the market with a maker and taker fee of just 0.05%.

For leveraged products, the fee doubles to 0.1%, which is still much lower than Coinbase's fees.

While Coinbase doesn't offer futures trading, Pionex does, and they charge a futures maker fee of 0.02% and a futures taker fee of 0.04%.

Pionex trading fees are not only impressive compared to the higher fees of Coinbase but are actually some of the lowest trading fees on the market.

In terms of deposit methods, Pionex and Coinbase offer different options for their users. Pionex only allows for bank deposits in EUR via SEPA. Pionex's deposit options may be limited but they do not charge any fees for deposits made via SEPA. Users on Pionex can also purchase crypto with credit and debit cards through third-party providers like Banxa, Simplex and AlchemyPay.

Meanwhile, Coinbase has a wider range of fiat currencies that can be deposited such as USD, EUR, and GBP. Deposits can be made via ACH, wire transfer (USD), SEPA (EUR), and Swift (GBP). Coinbase ACH deposits are free and wire transfers come with a fee of $10 USD.

Coinbase offers the convenience of having multiple fiat currencies and deposit methods, including bank transfers and various fiat currencies. Overall, both exchanges offer their own unique options for depositing funds. It ultimately comes down to the user's preference and the specific fiat currencies they want to use. Pionex may be more suitable for those who have EUR as their primary currency while Coinbase offers more flexibility with additional fiat currencies such as USD and GBP.

Let's continue by looking at the withdrawal methods offered by each exchange. Starting with Pionex, users are only able to withdraw cryptocurrencies from the platform. Withdrawing Bitcoin comes with a fee of 0.0004 BTC while withdrawing Ether comes with a fee of 0.0004 ETH. Withdrawing SOL incurs a fee of 0.01 SOL and withdrawing ERC-20 USDT comes with a fee of 10 USDT.

Coinbase also users have the option to withdraw fiat currencies as well as cryptocurrencies. Fiat withdrawals are available via ACH, wire transfer, SEPA, and Swift, with different fees depending on the method chosen. ACH withdrawals are free while wire withdrawals come with a $25 USD fee. SEPA withdrawals have a fee of 0.15 EUR and Swift withdrawals come with a 1 GBP fee.

As for cryptocurrency withdrawals, Coinbase charges a fee of 0.0001 BTC for Bitcoin withdrawals and $3 fee when withdrawing USDT. Both Coinbase and Pionex generally don't charge too high fees when withdrawing cryptocurrencies. The big downside of Pionex however is the lack of fiat withdrawals.

In conclusion, Pionex is a relatively new player in this space but has quickly garnered popularity for its unique use of trading bots and its fast KYC verification process. With over 370 cryptocurrencies to to buy and sell, Pionex offers a wide selection of digital assets that will satisfy most users.

Moreover, Pionex has some of the lowest trading fees on the market with only 0.05% spot fees for makers and takers. This makes it a great option for those looking to save money on trading fees. Even more so when compared to Coinbase's high 0.4-0.6% maker and taker fees.

Coinbase is one of the biggest players in the industry with over 100 million users worldwide. They offer more traditional products and services as they are a highly regulated exchanged based in the US. These services include spot trading, staking, and educational programs. With over 200 cryptocurrencies supported, Coinbase caters to both retail and institutional investors.

One clear upside that Coinbase has compared to Pionex is that it offers much more flexibility when it comes both to the number of support fiat currencies but also deposit and withdrawal methods. In this regards, Pionex is best used by depositing cryptocurrencies to trade as opposed to buying crypto with fiat currencies.