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Coinbase vs Poloniex 2019

Steven Hatzakis

Is Coinbase better than Poloniex? After grading forex brokers on nearly 100 different features, both Coinbase and Poloniex hold a 3.50 star rating.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

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Review Rankings

Feature Coinbase Poloniex
Overall 3.5 3.5
Comissions and Fees 2.5 4
offering of Investments 2 4
Platforms and Tools 3.5 3
Mobile Trading 3 3

Exchange Overview

Feature Coinbase Poloniex
Trust Score 93 93
Licensed or Regulated
Yes Yes
Accepts US Citizens (Residents or Persons)
Yes Yes
Active Trader or Premium/VIP
Yes Yes
Regulated in Emerging Hub
No No
Regulated in Major Hub
Yes Yes
Private Company
Yes Yes
Publicly-Traded Company (Listed)
No No
Minimum Initial Deposit
$1.00 $0
Fixed bid/ask spreads
No No
Variable bid/ask spreads
Yes Yes

Security

Feature Coinbase Poloniex
Offers Two Factor Authentication (2FA)
Yes Yes
Offers Hosted Wallet
Yes Yes
Offers Wallet Hosted on Client-side
No No
Private keys can be exported
No No
Offers Passphrase or other recovery methods
No No
Holds Clients Funds in Cold Storage
Yes Yes
Offers Insurance on USD wallet
Yes No
Requires email verification for new login
No Yes

Pairs Offered

Feature Coinbase Poloniex
BTC/USD (or USD/BTC)
Yes No
BTC/USDT (or USDT/BTC)
No Yes
BTC/EUR (or EUR/BTC)
Yes No
BTC/ETH (or ETH/BTC)
Yes Yes
ETH/USD (or USD/ETH)
Yes No
ETH/EUR (or EUR/ETH)
Yes No
ETH/LTC (or LTC/ETH)
Yes No
LTC/USD (or USD/LTC)
Yes No
LTC/EUR (or EUR/LTC)
Yes No
LTC/BTC (or BTC/LTC)
Yes Yes
Offers Additional Crypto-to-Fiat pairs
Yes No
Offers Additional Crypto-to-Crypto pairs
No Yes
Offers Additional Fiat-to-Fiat pairs
No No

Trading Tools

Feature Coinbase Poloniex
Charting - Candlestick or Line Charts
Yes Yes
Charting - Multiple Time Frames
Yes Yes
Charting - Drawing Tools
No No
Charting - Indicators/Studies
2 5
Order Type - Market
Yes Yes
Order Type - Limit
Yes Yes
Order Type - Stop-Loss/Take-Profit
Yes Yes
QR Address Code Generator
Yes Yes
QR Address Code Reader
Yes Yes
Platform - Proprietary
Yes Yes
Platform - Third-Party
No No
Platform - Desktop
No No
Platform - web-based
Yes Yes
News Headlines
No No
Watchlist
No Yes
Demo account offered
No No
Depth Chart
Yes Yes
Order Book
Yes Yes
Winner check_circle

Mobile Trading

Feature Coinbase Poloniex
Android App
Yes Yes
iPhone App
Yes Yes
Alerts
Yes No
Watch List Syncing
No No
Charting - Multiple Time Frames
Yes Yes
Charting - Line Charts
Yes Yes
Charting - Candle Stick
No No
Charting - Drawing Tools
No No
Charting - Indicators/Studies
0 0
Pin Code or Fingerprint Login
Yes Yes
QR code reader
Yes Yes
QR code generator
Yes Yes
Winner check_circle

Overall

Feature Coinbase Poloniex
Overall 3.5 3.5
Winner check_circle
Our ForexBrokers.com team spent several months and hundreds of hours assessing 28 different forex broker accounts for trading FX. In total, over 2,200 data points were collected. For this review, we will compare Coinbase vs Poloniex.

To start this comparison, first, we will take a look at the fees charged for trading forex. It's important to note this is no easy task. Not every broker shares their average spreads, spreads can be fixed or variable (floating), execution policies differ, and brokers can act as market makers (dealers) or act as agents for execution. To simplify things, we analyzed everything for you and provide a single star rating for cost. Poloniex's score is 4.00 stars versus Coinbase's 2.50 stars.

Cost aside, we can now turn our focus to regulation alongside currency availability. For regulation, it's very important to select a broker you can trust with your money. Neither are regulated in a major hub. Coinbase nor Poloniex are publicly traded companies. How many currency pairs are available to trade? Coinbase and Poloniex offer the same number of currency pairs, .

To round out our comparison, let's look at the popular tools and features forex traders prefer. For platforms, some FX traders prefer MetaTrader. Neither offers Meta Trader. Within the trading platform, charting should be robust, so we counted the number of drawing tools and total technical indicators made available. Both Coinbase and Poloniex provide clients with access to total charting tools. Both Coinbase and Poloniex provide clients with access to total indicators (eg, moving averages).

Coinbase Review
Poloniex Review


Trading CFDs, FX, and cryptocurrencies involves a high degree of risk. All providers have a percentage of retail investor accounts that lose money when trading CFDs with their company. You should consider whether you can afford to take the high risk of losing your money and whether you understand how CFDs, FX, and cryptocurrencies work. All data was obtained from a published web site as of 02/18/2019 and is believed to be accurate, but is not guaranteed. The ForexBrokers.com staff is constantly working with its online broker representatives to obtain the latest data. If you believe any data listed above is inaccurate, please contact us using the link at the bottom of this page.

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