| Website |
https://www.coinbase.com |
https://etrade.com |
| Pros |
- Access to Bitcoin, Ethereum, Litecoin, Dash, and dozens of other cryptocurrencies.
- Most trustworthy and long-lasting Cryptocurrency exchange.
- Provides tax documents for cryptocurrencies.
- Allows transferring your cryptocurrencies to a private wallet.
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- Built-in bank-to-bank connections for transferring money rather than through a 3rd party.
- Account offerings for just about everything you could want (401(k), IRA, etc).
- Full-service platform that doesn’t depend on others. Everything is in-house.
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| Cons |
- Very high transaction fees compared to stock market investing.
- Speculating in cryptocurrencies is dangerous, and can result in 100% loss due to hacked accounts or other attacks.
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- The number of options may be overwhelming to someone getting started investing.
- Usability of the interface is focused on power users.
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| Promotions |
- Get $10 in free Bitcoin by opening an account with $100.
- Earn up to $40 by going through Coinbase tutorials.
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| Fees |
- $0.99 trade fee for transactions $0-$10.
- $1.49 trade fee for transactions $10-$25.
- $1.99 trade fee for transactions $25-$50.
- $2.99 trade fee for transactions $50-$200.
- 0.50% fee for transactions above $200.
- 1.49% trade fee for transactions from a US Bank Account.
- 3.99% trade fee for transactions from a Debit Card.
- Coinbase’s Fees are far higher than investing in the stock market.
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- $0 trade fee for stocks, options and ETFs
- $0.65 trade fee for options contracts
- $1.50 trade fee for future contracts
- See all fees
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