Robinhood vs Coinbase - Which Platform is Best for Crypto Trading?

Due to increasing complexities in the crypto market, selecting the right platform for long-term crypto investments has become difficult. Among all other potential crypto trading platforms, Robinhood and Coinbase are the two most popular choices for potential trading. Both of these crypto platforms offer unique and user-friendly features to traders. In this blog post, we will explore and compare both trading platforms based on various features and unique offerings. 

Overview of Robinhood 

Robinhood was created back in the year 2003. It is considered the most effective, secure, affordable, and easy-to-use trading platform. It gives access to trade 40 plus cryptocurrencies including BTC, ETH, SOL, DOGE, and many more. It allows the users to trade and even secure the cryptocurrencies easily. This platform further provides real-time information related to cryptocurrencies so that traders can enhance their crypto knowledge and make real-time and informed decisions. 

Overview of Coinbase 

Established in 2012, Coinbase is a well-known trading platform among the traders community. All these years, Coinbase has managed to become the most trusted, secure, and user-friendly trading platform for users to buy, sell, and manage cryptocurrencies. Here you will find more than 260 established coins including SOL, XRP, ETH, BTC, etc. With its impressive storage unit, it allows users to have a seamless and secure trading experience. The quarterly trading volume of the Cinbase is over $145B with $130B worth of assets on the platform. 

The trading fee is the main factor when it comes to choosing the trading platform.  

Robinhood Trading Fees

Robinhood offers a crypto trading experience to users with low fees and without any commission. However, the spread charges of transactions on the platform are a bit higher compared to the listed market prices. 

Coinbase Trading Fees

The fee charged for trading on Coinbase ranges from 0.5% to 4.5% depending on the type and volume of the digital asset you choose to trade. Even though the trading fees for the platform are high, the best part is that they are transparent about the pricing factor. 

However, Robinhood is considered to be the best choice for users when it comes to the trading fees of the platform. 

Features of a trading platform are one of the major factors to enhance the user experience.

Robinhood Features

Robinhood is a versatile trading platform that allows the user to trade various digital assets including ETFs, stocks, cryptocurrencies, etc. 

One of the main features of this platform is the potential for a 100% earnings match for Ethereum and Solana staking. The user-friendliness nature of the platform creates a seamless experience for the users to transfer cryptocurrencies easily. 

Coinbase Features

Coinbase provides the opportunity to access Decentralized Finance and NFTs with fast transactions with USDC. Furthermore, users can take advantage of the Learn and Earn module which allows them to earn crypto rewards by learning about cryptocurrencies. 

Large-scale traders can benefit from Coinbase Prime which is directly aimed at big institutions, businesses, and corporate bodies. It also offers the Coinbase Wallet for the users to safely store digital assets. 

Robinhood is the best choice if you want to deal with numerous digital assets. However, when it comes to advanced features, Coinbase can be a perfect trading platform. 

Security is the main concern for trading platforms especially nowadays when even giant trading platforms get hacking attacks.  

Robinhood Security

Robinhood prioritizes the security of the users by using a two-step verification process. It also provides SIPC for various digital assets making it a secure platform for trading. It further provides the following basic security features:

• Fraud Monitoring 
• Spend alerts
• Liability protection
• Lock card
• Location Protection

Coinbase Security

Coinbase also takes security concerns seriously by using a 2-step verification process and insurance for digital assets. The basic security features for Coinbase are as follows:

• Login security 
• Security key support
• Multi-approval withdrawals 
• Biometric logins
• Encrypted Data

Despite similar security procedures, Coinbase takes the lead as it stores 98% of the funds offline. This ensures that customers are protected from hacking.

These two platforms are user-friendly and provide unique benefits to both beginner and professional traders. is recommended to choose the trading platform as per your financial and trading goals. Robinhood can be the best choice if you are looking for traditional trading of digital assets with low fees of the platform. However, if you are focused on cryptocurrencies only and need a platform that offers diverse features, Coinbase is the better choice.

It is highly recommended to understand your risk and investment capacity before selecting any trading platform since the crypto market is highly volatile in nature. Make sure that you do your research before taking any crypto transaction into consideration. 

1. Is Robinhood a reliable trading platform?

Robinhood is a legitimate and safe trading platform. However, many people have questioned its commitment after the GameStop controversy.

2. Do Robinhood and Coinbase platforms offer reward programs?

Yes, both Coinbase and Robinhood offer reward programs. On Coinbase, you can earn rewards through Learn and Earn modules, staking, and USDC interest. Similarly, on Robinhood, you can earn rewards from Learn and Earn programs and earn from staking Ethereum or Solana. 

3. What are the cons of using the Robinhood trading platform?

One of the main cons of using the Robinhood trading platform is that even though Robinhood has zero fees, it has high spreads.

4. What are the cons of using Coinbase?

Firstly, Coinbase charges higher fees compared to other trading platforms. Plus, Coinbase does not support other digital asset classes.

5. Does Robinhood and Coinbase offer customer support?

Robinhood offers 24/7 support through their app and emails. While Coinbase offers priority support to users who have subscribed to Coinbase one.