Buying Bitcoin Through Bitstamp Versus Coinbase: Which Is Best?

buy sell bitcoin

People looking to buy or sell Bitcoins are often faced with a difficult choice when it comes to the particular method they would like to utilize in order to initiate the transaction. There are quite a lot of different methods that can now be used to both buy and sell cryptocurrencies, with Bitcoin often being one of the most popular. Exchanges are often considered the best way to buy Bitcoin, as well as LiteCoin, Ethereum and other cryptocurrencies. These platforms usually offer high levels of security, combined with multiple convenient payment and withdrawal options.

The problem is, there is too many exchanges today that can be utilized for these purposes. This makes it very difficult for a person to decide which exchange they should opt for. While taking a look at online reviews can be helpful, there are many exchanges with positive ratings – so which of these should a person opt for? Today, we want to take a look at two of the most commonly used exchanges. They are also the oldest on the market and respected by thousands of satisfied customers. The two exchanges we wish to compare in this post is Coinbase and Bitstamp.

Coinbase Or Bitstamp?coinbase

Both Coinbase and Bitstamp are some of the most popular cryptocurrency exchanges that can be used to buy or sell Bitcoin. With both having an equal level of reputation, security and convenient features, people are often not sure which exchange they should use. By taking a closer look at the particular features offered by each of these platforms, a person will be able to determine which will suit their specific requirements best; thus helping to make the decision somewhat easier.

One of the very first factors that we should mention is that Coinbase has been built with user-friendliness in mind. The platform is considered perfect for newcomers to the cryptocurrency industry, and makes buying or selling cryptocoins a breeze. Bitstamp, on the other hand, can be a little more complicated for individuals who are not yet familiar with how cryptocurrencies work and how cryptocurrency exchanges operate.

Both of these platforms have an accompanying mobile application that can be downloaded to the user’s smartphone; thus allowing them to access their account from anywhere, and at any time.

bitstampWhen it comes to the deposit and withdrawal methods offered by these two companies, the options are relatively similar. Deposits can be made with a credit or debit card, as well as a bank transfer and through a cryptocurrency deposit. With Coinbase, customers get the benefit of being able to withdraw their funds to a PayPal account, while Bitstamp does not allow PayPal withdrawals. Bitstamp, on the other hand, allows customers to withdraw their funds to a credit card – a feature that is not available at Coinbase.

Coinbase and Bistamp both offer numerous cryptocurrencies for the customer. This includes Ethereum, LiteCoin and, of course, Bitcoin. In addition to offering these particular cryptocurrency choices, it should be noted that Bitstamp also offers the cryptocurrency Ripple as an option when buying or selling through them. This can be an advantage for any person looking to buy or sell this particular cryptocurrency.

Conclusion

Both Coinbase and Bitstamp has a reputation for providing secure and convenient ways for customers to buy and sell Bitcoin, as well as other major cryptocurrencies. Each has some unique features that set them aside from the competition, and realizing how both of these platforms work is important for assisting a person with making the right decision as to which particular platform they would like to use to perform their transactions.

 

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About 

Kevin Lee is a former tech advisor who cut his teeth in Silicon Valley. He now spends his time sharing his passion for investing in diamonds and jewelry. You can reach Kevin for any comments by using the contact form on this site. Don't forget to sign up for his free "Investing 101 Guide" by clicking on the button at the top right of this website.