Coinbase vs finanzen.net ZERO: A Crypto Platform Showdown
Two major players in the crypto space, Coinbase and finanzen.net ZERO, have been compared side-by-side in terms of their features and offerings. Both platforms cater to users looking for a secure and accessible way to invest in cryptocurrencies.
Coinbase boasts over 260 available cryptocurrencies, a savings plan from as little as €1, and the support of various payment routes including PayPal. Additionally, it offers staking and wallet transfers for its customers. However, the platform's trading fee stands at around 1.49%, which is considered high in this comparison.
On the other hand, finanzen.net ZERO offers a more streamlined experience with zero explicit trading fees, costs arise solely through spreads. The platform allows users to trade 33 cryptocurrencies and offers staking for crypto ETPs. It also boasts a BaFin-licensed custodian, Tangany GmbH, and a dedicated TAN app as an added security feature.
One area where finanzen.net ZERO falls short is in its deposit methods, which are currently limited to SEPA transfers only. Additionally, the platform's total costs can reach up to €24 per 1,000 EUR trade due to spreads, a drawback that affects cost transparency.