Coinbase
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Investing in cryptocurrencies involves risk.

Vs.

Blueberry Markets
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74-89% of retail CFD accounts lose money.

Coinbase Vs. Blueberry Markets - Compare and Choose the Right One

Updated May 13 2022

Visit

Investing in cryptocurrencies involves risk.

Visit

74-89% of retail CFD accounts lose money.

Overview

Coinbase is a cryptocurrency exchange and wallet founded in 2012 with the aim of simplifying cryptocurrency transactions for the average user. Through their mobile and web app they allow purchasing, storing, receiving and sending several real cryptocurrencies.

Blueberry Markets is a young Australian broker founded in 2015 offering CFDs on all the basic asset classes with competitive low spreads.

Best For
  • Inexperienced cryptocurrency investors
  • Long term cryptocurrency holders
  • Investors meeting the above two conditions and also satisfied with the cryptocurrency offering they provide
  • Seasoned investors and traders looking to explore the Coinbase Pro option for better pricing.
  • Cryptocurrency investors wishing to deposit with USDT to trade CFDs on traditional financial markets
  • Experienced traders interested in trading particular instruments using a big leverage factor
Licenses

Financial
Licenses

Regulation

Unregulated

Top-tier Licenses

0

Other Licenses

0

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

1

Other Licenses

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • Registered as an electronic payments provider in countries where required to operate, yet they don’t require traditional brokerage regulation.
  • ASIC (Australia)
  • SCB (Bahamas)
The Good
  • Extremely simple and friendly interfaces
  • Moderate variety of cryptocurrencies
  • Independent wallet application
  • Option to choose from standard Coinbase or Coinbase Pro
  • Coinbase debit card (for eligible countries) to spend and manage your cryptocurrencies
  • Allows deposits using cryptocurrency USDT (Tether)
  • Leverage of up to 1:500 (for experienced traders)
  • Extremely competitive spreads
The Bad
  • Extremely high fees for cryptocurrency transactions (especially on standard app)
  • Low variety of cryptocurrencies to trade when compared to leading exchanges
  • All instruments are CFDs, you can't buy underlying assets (real stocks or cryptocurrencies)
  • Their available asset offering is very low with less than 350 tradable assets
Status
Operational Operational
Recent News

No fresh news at the moment. Check again soon!

No fresh news at the moment. Check again soon!

Key Data
⌛ Account Opening Time
1 Day 1 Day
📋 Documents Required
  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

📍 Year Founded
2012 2015
💳 Minimum Deposit
0 $, €, £ - 100
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfers
  • Paypal
  • Visa
  • Mastercard
  • Bank Transfer
  • Neteller
  • Paypal
  • Skrill
  • USDT (Tether)
  • DragonPay
💵 Account Base Currencies
All available cryptocurrencies. 7 - USD, CAD, AUD, EUR, SGD, NZD, GBP
🗽 Available to U.S Citizens
Yes No
❌ Restricted Countries
None AF, AS, AZ, BS, BI, CF, CN, CD, CG, CY, ET, ER, GU, IR, IQ, JP, KP, XK, LB, LY, MM, MP, PS, PR, SL, SO, SS, SD, SY, TT, SH, TN, UM, US, VI, VE, VN (can be accepted when referred by a partner), EH, YE, ZW
📊 STP Account
No Yes
📊 DMA Account
No No
📊 ECN Account
No No
Assets
📚 Available Assets
  • Coinbase provides only real cryptocurrencies.

CFDs on stocks, commodities, currencies, cryptocurrencies and indices.

📙 Stocks
N/A 250
📘 Currency Pairs
N/A 45
📗 Commodities
N/A 5
📕 Indices
N/A 11
📔 ETFs
N/A N/A
💸 Cryptocurrencies
110+ 5
📒 Bonds
N/A N/A
📓 Options
N/A N/A
📗 Futures
N/A N/A
📝 Notes:

Coinbase is a traditional cryptocurrency wallet and exchange, meaning that all cryptocurrencies purchased are real ones and not financial derivatives.

All of Blueberry Markets assets are CFDs.

Trading Experience
📈 Minimum Stock Trade Size
N/A 1 share
📉 Minimum ETFs Trade Size
N/A N/A
📈 Minimum Crypto Trade Size
$2 0.01
📉 Minimum FX Trade Size
N/A $1,000
📈 Minimum Commodities Trade Size
N/A $1,000
📉 Minimum Bonds Trade Size
N/A N/A
📈 Minimum Futures Trade Size
N/A N/A
📉 Minimum Options Trade Size
N/A N/A
💪 Retail Leverage
N/A Up to 1:500
💪 Professional Leverage
N/A N/A
✍ Customisable Leverage
No Yes
🎲 Deleveraged Trading
Yes No
🎓 Demo Account
No Yes
📱 IOS App
Yes No
📱 Android App
Yes No
📺 MetaTrader 4
No Yes
📺 MetaTrader 5
No Yes
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
Yes No
📊 Multi-chart Tools
No Yes
👬 Copy Trading
No No
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
No Yes
Fees
💰 Inactivity Fee
No No
💰 Deposit Fees
No No
💰 Withdrawal Fees
No No
💰 Commissions

Yes, from 0.50% up to 2.0% of transaction values on Coinbase Standard.

Yes, depending on account type:

  • Standard account has no commissions
  • Direct Account has a commission of $3.5 per lot
Spreads
📈 EUR/USD
N/A Dynamic - From 0.1 Pips to 1 Pip
📉 SP500
N/A Dynamic - From 50 Pips
📈 GOLD
N/A Dynamic - From 10 Pips
📉 TSLA (Stock CFD)
N/A Dynamic- From 18c
📈 XLK (ETF - CFD)
N/A N/A
📉 BTC
Dynamic - From 0.50% up to 2.0% Dynamic - From $12
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
No No
📜 Integrated Newsfeed
Yes No
📡 Reuters Feed
No No