Coinbase
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Investing in cryptocurrencies involves risk.

Vs.

Plus500
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72% of retail CFD accounts lose money.

Coinbase Vs. Plus500 - Compare and Choose the Right One

Updated May 13 2022

Visit

Investing in cryptocurrencies involves risk.

Visit

72% 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.

Plus500 is an international broker specialised in CFD trading with a big range of assets including CFDs based on American options

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.
  • Intermediate traders looking to trade short term
  • Experienced traders looking to speculate using CFDs based on options
Licenses

Financial
Licenses

Regulation

Unregulated

Top-tier Licenses

0

Other Licenses

0

Provided by
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Financial
Licenses

Regulation

Regulated

Top-tier Licenses

3

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.
  • CySec (Cyprus)
  • FCA (UK)
  • ASIC (Australia)
  • MAS (Singapore)
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
  • CFDs on american options offered
  • Low minimum trade sizes
  • Propietary platform with multi-charting tools
The Bad
  • Extremely high fees for cryptocurrency transactions (especially on standard app)
  • Low variety of cryptocurrencies to trade when compared to leading exchanges
  • No ability to remove leverage
  • All instruments are CFDs, you can't buy underlying assets (real stocks or cryptocurrencies)
Status
Operational Operational
Recent News
N/A N/A
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 2008
💳 Minimum Deposit
0 $, €, £ - 100
💰 Payment Methods
  • Visa
  • Mastercard
  • Bank Transfers
  • Paypal
  • Visa
  • Mastercard
  • Bank Transfer
  • Paypal
  • Skrill
💵 Account Base Currencies
All available cryptocurrencies. 16 - USD, GBP, EUR, CHF, AUD, JPY, PLN, HUF, CZK, CAD, TRY, SEK, NOK, SGD.
🗽 Available to U.S Citizens
Yes No
❌ Restricted Countries
None US, CA, CU, SY, IR.
📊 STP Account
No Yes
📊 DMA Account
No No
📊 ECN Account
No No
Assets
📚 Available Assets
  • Coinbase provides only real cryptocurrencies.

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

📙 Stocks
N/A 2,000+
📘 Currency Pairs
N/A 70
📗 Commodities
N/A 25
📕 Indices
N/A 26
📔 ETFs
N/A 95
💸 Cryptocurrencies
110+ 14
📒 Bonds
N/A N/A
📓 Options
N/A

Option CFDs (Calls and Puts) on: Alphabet, Facebook, Apple, Deutsche Bank, Snap, Twitter, Amazon, Microsoft, Netflix, Tesla and NIO along with major indices and EUR/USD.

📗 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 Plus500's assets are CFDs.

Trading Experience
📈 Minimum Stock Trade Size
N/A Varies by Stock (Eg: 0.05 units of Tesla)
📉 Minimum ETFs Trade Size
N/A Varies by ETF (Eg: 0.5 units of XLK)
📈 Minimum Crypto Trade Size
$2 Varies by Crypto (Eg: 0.001 BTC)
📉 Minimum FX Trade Size
N/A $1,000
📈 Minimum Commodities Trade Size
N/A Varies by Commoditty (Eg: 0.2 Troy ounces of Gold)
📉 Minimum Bonds Trade Size
N/A N/A
📈 Minimum Futures Trade Size
N/A N/A
📉 Minimum Options Trade Size
N/A Varies by Option (Eg: 5 contracts of Tesla Calls)
💪 Retail Leverage
N/A Up to 1:30
💪 Professional Leverage
N/A Up to 1:300
✍ Customisable Leverage
No No
🎲 Deleveraged Trading
Yes No
🎓 Demo Account
No Yes
📱 IOS App
Yes Yes
📱 Android App
Yes Yes
📺 MetaTrader 4
No No
📺 MetaTrader 5
No No
💻 Web trader
Yes Yes
💻 TradingView Platform
No No
💻 Proprietary Platform
Yes Yes
📊 Multi-chart Tools
No Yes
👬 Copy Trading
No No
👫 Social Trading
No No
🔑 Guaranteed Stop-loss
No Yes
🔨 Trailing Stop-loss
No Yes
Fees
💰 Inactivity Fee
No Yes, $10 every 3 months
💰 Deposit Fees
No No
💰 Withdrawal Fees
No No
💰 Commissions

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

No
Spreads
📈 EUR/USD
N/A Dynamic - From 0.8 Pips
📉 SP500
N/A Dynamic - From 70 Pips
📈 GOLD
N/A Dynamic - From 30 Pips
📉 TSLA (Stock CFD)
N/A Dynamic - From $5.2
📈 XLK (ETF - CFD)
N/A Dynamic - From 7 Pips
📉 BTC
Dynamic - From 0.50% up to 2.0% Dynamic - From $136
Research and Analysis
⭐ Watchlists
Yes No, only allows setting an individual favourites list
🔭 Stock Screener
No No
🗓 Economic Calendar
No Yes
📜 Integrated Newsfeed
Yes No
📡 Reuters Feed
No No

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