Coinbase Vs. SquaredFinancial - Compare Trustworthiness, Capabilities, Fees and Legitimacy

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.

SquaredFinancial is a global brokerage firm founded in 2005 and headquartered in Cyprus that specialises in providing real stocks along with CFDs on all major asset classes paired with MT4 & MT5 platforms.

• 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.

• Professional high volume traders looking to exploit their competitive commissions in shares
• High volume FX traders looking to open a SquaredElite account with spreads from 0 Pips

None

• CySec (Cyprus)
• FSAS (Seychelles)

• 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

• Extensive asset offering (more than 10,000+ products)
• Real stocks are offered along with CFDs
• Very competitive share trading commissions when compared to similar brokers

• Extremely high fees for cryptocurrency transactions (especially on standard app)
• Low variety of cryptocurrencies to trade when compared to leading exchanges

• Platform offering is limited to only MT4 and MT5
• High minimum deposit for SquaredElite account (5,000 €)

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• 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.

• Visa
• Mastercard
• Bank Transfers
• Paypal

• Visa
• Mastercard
• Bank Transfer
• Neteller
• Skrill
• Instatransfer

US, CA, IR, SY.

From 0.50% up to 2.0% of transaction value.

Yes, depending on account type or assets. For account types:

• SquaredPro account has no default commissions
• SquaredElite account has a commission of $5 per lot

For particular assets there are commissions on all accounts, specifically in shares as follows:

• USA shares have a $0.06 per share commission (with a minimum of $2)
• European shares have a 0.15% commission of the transaction value (with a minimum of 5 €)