WhiteBIT vs Coinbase | Why Coinbase Is The Best For Europeans

When it comes to trading fees, Whitebit and Coinbase have their own unique offerings.

Starting with WhiteBIT, this exchange offers competitive spot trading fees that can vary between trading pairs. However, they never exceed 0.1% for both makers and takers.

WhiteBIT also provides further trading fee discounts to those who hold a minimum of 400 WBT tokens. So not only can traders enjoy already competitive fees, but they can also benefit from additional discounts by simply holding tokens.

Now let's turn our attention to Coinbase which charges a spot trading fee of 0.40% and a spot taker fee of 0.60%. While these fees are higher compared to Whitebit, Coinbase also offers a unique opportunity to lower trading fees based on monthly trade volumes.

If traders exceed $10,000 in monthly trade volumes, they can unlock lower fees with maker fees going down to 0.25% and the taker fee to 0.40%.

Whitebit and Coinbase are both popular cryptocurrency exchanges that offer a variety of deposit methods for fiat currencies.

Starting with WhiteBIT, users have the option to deposit 10 different fiat currencies, including USD, EUR, GBP, TRY, PLN, and CZK. WhiteBIT supports several deposit methods, including Visa/Mastercard, SEPA transfers, Advcash, and NixMoney.

The deposit fees vary depending on the method chosen. For SEPA transfers, the fee is 0.2%. Credit/debit card deposits have fees ranging from 1.5% to 2%. Advcash deposits have a fee of 1.5%, and NixMoney deposits have a fee of 1%. These fees are relatively reasonable compared to other exchanges.

On the other hand, Coinbase supports deposits in three fiat currencies: USD, EUR, and GBP. The deposit methods available on Coinbase include ACH, Wire (USD), SEPA (EUR), and Swift (GBP).

Coinbase charges different fees for each deposit method. ACH deposits are free of charge, while wire deposits have a fee of $10 USD. SEPA deposits have a fee of 0.15 EUR, and Swift deposits are free.

Thus in terms of the number of supported fiat currencies, WhiteBIT offers a wider range with 10 options compared to Coinbase's three.

However, Coinbase has a more established reputation and is often considered more user-friendly for beginners. Overall, both WhiteBIT and Coinbase provide users with multiple options for depositing fiat currencies.

When it comes to withdrawal methods, WhiteBIT and Coinbase once again offer different options for their users. WhiteBIT is a cryptocurrency exchange that allows users to withdraw the same 10 fiat currencies that they are able to deposit.

This includes SEPA withdrawals for 5 EUR, USD bank withdrawals for a fee ranging from 1.5%-3.5%, GBP withdrawals for 1.5% fee, and TRY withdrawals for a 4% fee. These options provide flexibility for users who prefer to withdraw funds in their local currency.

In terms of cryptocurrency withdrawals on WhiteBIT, there are different fees associated with each digital asset.

Bitcoin withdrawals come with a fee of 0.0004 BTC, Ethereum withdrawals have a fee of 0.005 ETH, Solana withdrawals incur a fee of 0.03 SOL, and ERC-20 Tether withdrawals can cost up to 20 USDT.

On the other hand, Coinbase also offers multiple methods for fiat withdrawals including ACH, Wire, SEPA, and Swift. With ACH withdrawals, users can withdraw their funds for free, while Wire withdrawals come with a $25 USD fee.

SEPA withdrawals incur a fee of 0.15 EUR, and Coinbase Swift withdrawals have a fee of 1 GBP. These options cater to users who prefer traditional banking methods to withdraw their funds.

For cryptocurrency withdrawals on Coinbase, the fees differ for each digital asset.

Bitcoin withdrawals come with a fee of 0.0002 BTC, Ethereum withdrawals have a fee of 0.000768 ETH, Solana withdrawals incur a fee of 0.008 SOL, and ERC-20 Tether withdrawals can cost up to 7 USDT.

It's worth noting that these fees may change depending on network congestion and transaction fees on the respective blockchain.

In conclusion, when comparing key numbers and facts between WhiteBIT and Coinbase, we can see that both exchanges have their advantages and strengths.

WhiteBIT stands out with its larger selection of altcoins, offering over 270 cryptocurrencies compared to Coinbase's approximately 200.

However, Coinbase has a more extensive global user base serving over 100 million customers in over 100 countries compared to WhiteBIT's 2 million users.

This highlights Coinbase's popularity and dominance in the market, particularly in the US and Europe.

When it comes to user experience, WhiteBIT offers a familiar interface that is easy to navigate, making it suitable for both beginners and experienced traders.

Meanwhile, Coinbase also provides a great user experience with its beginner-friendly and easy-to-navigate website.

WhiteBIT also offers margin and futures trading with up to 20X which is not available on Coinbase at the time of writing. These type of features will attract the more risk averse trader.

In terms of trading fees, WhiteBIT offers more competitive spot trading fees that never exceed 0.1% for both makers and takers, while Coinbase charges a more expensive spot maker fee of 0.40% and a spot taker fee of 0.60%.

When it comes to deposit methods, WhiteBIT supports 10 different fiat currencies, while Coinbase supports three. Whitebit offers several deposit methods, including Visa/Mastercard, SEPA transfers, Advcash, and NixMoney.

At the end of the way, we like and use both Coinbase and WhiteBIT and they both offer quality products and services albeit with different trading fees.