Webull Vs Coinbase: Finding the best fit for your trade
The crypto market comprises a large number of bodies that act as a medium for adding ease to the crypto trade. Sometimes the availability of a large number of exchanges and other trading bodies might put the investors in dilemma relating to which exchange they should opt for. So, to comfort you in this struggle of picking up a suitable crypto exchange, we have crafted this read.
Through Webull Vs Coinbase, we have attempted to help you in finding out the best fit for your crypto trade and investment activities. To make a comparison between the both, we have taken some points of difference for a perfect evaluation.
Have a shufti at Webull Vs Coinbase
Before looking at the points of difference of both crypto exchanges, we will first have a quick overview of them. You might be already familiar with their emergence and what they basically dealt with. But for a short reference, we are hereby mentioning a short preamble of both exchanges.
Webull: Launched in the year 2017, and regulated by the U.S. Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA), it is a U.S based Fintech startup. It is one of the recognized online brokerages and has now tried its hands in the crypto industry as well. The platform holds up a limited line of investment.
Coinbase: Needless to mention, Coinbase is one of the highly recognized and reliable crypto exchange platforms which offers investors a vast pool of cryptocurrencies. The investors based on their preferences and situation can pick up any of the assets that they find suitable for their trade activities. In addition to it, the exchange has designed a separate section containing informative modules to timely educate the investors.
Making a comparison of Webull Vs Coinbase
Using the basis of differences, we have tried to make a speedy comparison of both the bodies engaged in the crypto trade. The comparison made for Webull Vs Coinbase is as follows:
Supported cryptocurrencies: Coinbase supports a vast range of digital assets available for trade. To date, the platform is supporting over 200 cryptocurrencies and is looking ahead to expand this list. Turning to Webull, this broker platform has done a great job of spreading its selection over time. It is currently offering more than 40 types of digital assets. Thus, based on this factor, Coinbase is better than Webull.
Availability of crypto wallet: To note, Coinbase does have its wallet, launched with the objective of storing and managing the crypto funds efficiently. The Coinbase wallet mobile app is also available in addition to the Coinbase wallet extension. Thus, investors can opt for any method to organize their funds. Webull, on the other hand, doesn’t offer any sort of the wallet. This is where the later platform has fallen back. In a nutshell, considering Webull Vs Coinbase on this ground, again Coinbase is one step ahead of the latter one.
Security: Coinbase does support 2FA and has FDIC coverage. It also allows its user to store around 98% of the total crypto funds in the offline wallet and has an extensive crime insurance policy to safeguard their funds from unauthorized access. Furthermore, evaluating the Webull security parameter is quite an uphill task. It is so, because there is nothing revealed about the type of crypto storage used. Although it does offer a 2FA facility. To conclude, Coinbase is more highly-secure than Webull.
The Final Take
From the above discussion made on Webull Vs Coinbase, we have discovered that Coinbase offers much better crypto trading services as compared to Webull. The platform has a sound security system to protect the investor's funds from any sort of malicious activity. Thus, from the above comparison, we can conclude that opting for Coinbase for your crypto trade would be a much better and safe approach.