| Website |
https://www.coinbase.com |
https://vanguard.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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- Investor-owned – Like a credit union, Vanguard doesn’t need to make money for investors.
- Largest mutual fund provider in the world.
- Unlimited free trades of Vanguard mutual funds and ETFs.
- Automatic investing down to the penny with mutual funds.
- Industry leader in retirement investing.
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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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- Outdated user interface
- Fees for accounts with balances under $10k
- Fractional shares not offered for ETFs (only mutual funds)
- $25 fee to purchase non-Vanguard mutual funds for accounts with less than $1 million.
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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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- $20/yr fee for accounts with less than $10,000.
- 0.03% - 0.93% expense ratio for mutual funds and ETFs.
- Some funds have a purchase or redemption fee from 0.25% to 1% (I’d recommend avoiding these).
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