Coinbase vs Wirex: Features, Fees & More (2024) (2024)

FAQs

Coinbase vs Wirex: Features, Fees & More (2024)? ›

Coinbase vs Wirex cryptocurrency exchange overall score comparison reveals that Coinbase has a higher overall score of 9.1, while Wirex gathered an overall score of 6.0. If we look at the ease of use, it's clear that in this Coinbase vs Wirex comparison, Coinbase has better & smoother user experience than Wirex.

Liquidation Fee: Traders who are liquidated will incur a liquidation fee of 0.5% on the amount liquidated. These fees will contribute to the Insurance Fund and other components of the risk framework.

The platform supports many of the main cryptos on the market, and allows you to buy them with fiat money. On top of that, it also offers its customers a crypto-based debit card - a very unique feature for an exchange platform! So, in short - Wirex is definitely worth checking out.

Simple trades on Coinbase can cost between $0.99 and 1.5% of the total amount, depending on the size of the transaction. Overall the fees on Crypto.com are lower. But Coinbase does offer additional deposit options, such as a transfer from PayPal.

The current CoinMarketCap ranking is #519, with a live market cap of $66,306,057 USD.

Coinbase fees

Transaction and trading costs on Coinbase range from 0.5% to 4.5% depending on the cryptocurrency, transaction size and payment method.

Coinbase charges fees for ACH and wire transfers to cover the costs associated with processing these transactions. According to Coinbase, the fees are based on their estimate of the network transaction fees they anticipate paying for each transaction.

There is no spending fee, and users enjoy free withdrawals that refresh monthly. However, when you spend using the Wirex card, you'll be charged a hidden conversion spread fee.

Other important factors to consider when researching alternatives to Wirex Wallet include ease of use and reliability. We have compiled a list of solutions that reviewers voted as the best overall alternatives and competitors to Wirex Wallet, including Coinbase Wallet, Zengo Wallet, Exodus, and Trust Wallet.

If you don't transact with us for 18 months or longer, we'll charge you a storage fee at a rate of £/$/€ 5.00 per month, per balance at the current prevailing exchange rate. For crypto balances, the storage fee will be charged per balance at a rate of 0.003 BTC or equivalent per cryptoasset account per day.

Who has better fees than Coinbase? ›

Binance stands out for lower fees than Coinbase, providing a cost-effective option for traders. If minimizing transaction costs is a priority, Binance offers competitive fee structures.

As a regulated financial institution, we prioritise compliance with Know-Your-Customer (KYC) regulations to uphold financial integrity and security. We place a high emphasis on securing user accounts through a robust verification process, safeguarding against unauthorised access and potentially fraudulent activities.

Wirex is regulated by financial authorities and is required to comply with KYC and AML regulations. KYC regulations require Wirex to verify the identity of its users, while AML regulations require it to monitor and report any suspicious activities.

Founded in 2016 and headquartered in London, England, Wirex falls under the purview of the UK's FCA, the Bank of Lithuania, and Singapore's MAS. The platform supports countries across Europe and the Asia Pacific.

Liquidation Fees means reimbursem*nt for the costs and expenses for time and effort to sell or otherwise liquidate a Financed Vehicle after default and repossession.

In the background there are usually three or more people working on a liquidation case doing checks, making sure paperwork is filed, and carrying out other due diligence. If the case is complex, it will usually involve more people and time which is why the cost goes up.

If the company has assets at the point of liquidation then the costs of the liquidation will be paid from the value of these assets. But if this isn't the case, an insolvency practitioner will generally ask the directors to cover the liquidation costs so that he/she can be certain that they will be paid.

USDC withdrawals are FREE across all supported networks. Coinbase will cover network fees on behalf of our customers. To withdraw USDC from your account to your wallet: Navigate to Portfolio in the left navigation bar of the screen and select Withdraw.