Coinbase vs Revolut: Pros, Cons and How they Compare | Bitcompare

Coinbase and Revolut are leading brokers that compete to give you the experiences and rates. We break them down to see which is better for you.


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  • Ease of use
  • Security
  • Support
  • Reputation
  • Fees
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Pros and cons of Coinbase

Pros

  • Most trusted brand in crypto
  • Top-tier team and investors
  • One of the pioneers of the industry
  • Never successfully hacked
  • Interoperable suite of crypto products
  • It offers a great user interface for beginners
  • It offers access to over 30 cryptocurrencies

Cons

  • Can be more expensive than other options
  • The site crashes at times of high volatility
  • There is a lack of timely support
  • Transactions can be delayed for up to 3 days
  • Most local payment methods are not supported

Pros and cons of Revolut

Pros

  • Best-in-class product that is easy to use and has every feature you could want
  • Easy to invest in stocks and crypto all from within the banking app
  • Fast international payments with a variety of currencies
  • Incredibly fast moving with constant updates
  • Beautiful cards with very fast international deliveries

Cons

  • You can invest in cryptocurrencies but you don’t really own them. You can’t store of transfer your cryptocurrencies, you only invest in their price.
  • Can be expensive if you want all the best features
  • No ability to earn interest on your cryptocurrencies
Promoted

Risk-free and high-yield tool to store your coins

  • Earn up to 12% APR on EURS, USDT, ETH, XRP, and 20+ more coins
  • Weekly compound interest payouts
  • Universal conversion between all crypto, fiat, and stablecoins
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Frequently asked questions about Coinbase

We’ve compiled some answers to questions we often get. Should you have any other questions, feel free to reach out below in the comments.

Where is Coinbase based?

Coinbase's headquarters is in San Francisco, California. They did recently announce, however, that a large percentage of their workforce will be going remote. Their mailing address is: Coinbase, Inc. 100 Pine Street Suite 1250 San Francisco, CA 94111

Who is the team behind Coinbase?

Coinbase was founded by Brian Armstrong and have a team of more than 500 employees. You can read more about their employees here.

Where can I use Coinbase?

Coinbase can be used in more than 30 countries including:

  • Austria
  • Belgium
  • Bulgaria
  • Croatia
  • Cyprus
  • The Czech Republic
  • Denmark
  • Finland
  • Greece
  • Hungary
  • Ireland
  • Italy
  • Latvia
  • Liechtenstein
  • Malta
  • Monaco
  • The Netherlands
  • Norway
  • Poland
  • Portugal
  • San Marino
  • Slovakia
  • Slovenia
  • Spain
  • Sweden
  • Switzerland
What's the difference between Coinbase App and Coinbase Wallet?

The Coinbase app is a great product for those looking to buy and sell cryptocurrency. While the Coinbase Wallet app is used for storing your cryptocurrencies.

Can I switch from my existing wallet app to the Coinbase Wallet app?

Yes, you can. Each wallet uses a private key for security that can be imported into the Coinbase Wallet. In the settings menu of your current wallet, just search for the 12-word recovery phrase or mnemonic and then use the same 12 word phrase to sign into the Coinbase Wallet.

Frequently asked questions about Revolut

We’ve compiled some answers to questions we often get. Should you have any other questions, feel free to reach out below in the comments.

Can I buy Bitcoin and other cryptocurrencies with Revolut?

You can buy into the price of Bitcoin and other cryptocurrencies, however, you can’t buy and own Bitcoin and other cryptocurrencies.

This means you can’t store and transfer the asset. This is a serious problem if purchasing Bitcoin and other cryptocurrencies is a priority for a variety of reasons.

  1. If Revolut goes out of business, you can’t move those assets from Revolut to another wallet or platform
  2. Should you want to transfer your crypto assets, you’ll first have to sell them on Revolut and then purchase them elsewhere. This will create a taxable event.
Is Revolut available in the US?

As of the 24th March 2020, Revolut is available in the US

Is Revolut FCA or FDIC insured?

Yes, Revolut is insured in the UK and US.

  • Features
  • Ease of use
  • Security
  • Support
  • Reputation
  • Fees
  • Overall
  • 4
  • 4
  • 5
  • 3
  • 5
  • 3
  • 4
Go to site
  • 5
  • 4
  • 4
  • 4
  • 5
  • 4
  • 4.33
Go to site