Coinhako vs Coinbase: 8 Major Differences






<br /> Coinhako vs Coinbase: 8 Major Differences<br />

Introduction

As the world of cryptocurrencies continues to grow, so does the number of exchanges available to trade them. Two of the most popular exchanges are Coinhako and Coinbase. Both offer a range of features and benefits, but there are some key differences between them. In this article, we’ll explore 8 of the major differences between Coinhako and Coinbase.

1. Supported Cryptocurrencies

Coinbase supports a wider range of cryptocurrencies than Coinhako. Coinbase currently supports over 50 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. Coinhako, on the other hand, only supports 12 cryptocurrencies, including Bitcoin, Ethereum, and Ripple.

2. Fees

Coinhako has lower fees than Coinbase. Coinhako charges a 0.25% fee for trades, while Coinbase charges a 1.49% fee for trades. However, Coinbase offers lower fees for larger trades, with fees dropping to as low as 0.1% for trades over $10 million.

3. User Interface

Coinhako has a simpler user interface than Coinbase. Coinhako’s interface is designed to be easy to use for beginners, while Coinbase’s interface is more complex and geared towards experienced traders.

4. Security

Coinbase has better security features than Coinhako. Coinbase stores the majority of its users’ funds in offline cold storage, which makes them less vulnerable to hacking. Coinbase also offers two-factor authentication and insurance in the event of a security breach. Coinhako offers two-factor authentication, but does not offer insurance.

5. Deposit and Withdrawal Methods

Coinhako offers more deposit and withdrawal methods than Coinbase. Coinhako allows users to deposit and withdraw funds using bank transfers, credit cards, and debit cards. Coinbase only allows users to deposit and withdraw funds using bank transfers and debit cards.

6. Customer Support

Coinbase has better customer support than Coinhako. Coinbase offers phone support, email support, and live chat support. Coinhako only offers email support.

7. Availability

Coinhako is only available in a few countries, while Coinbase is available in over 100 countries. Coinhako is currently only available in Singapore, Malaysia, Indonesia, and Vietnam. Coinbase is available in most countries in North America, Europe, and Asia.

8. Mobile App

Coinbase has a better mobile app than Coinhako. Coinbase’s mobile app is more user-friendly and offers more features than Coinhako’s mobile app.

Summary

Both Coinhako and Coinbase are popular cryptocurrency exchanges, but they have some key differences. Coinbase supports more cryptocurrencies, but has higher fees and a more complex user interface. Coinhako has lower fees and a simpler user interface, but supports fewer cryptocurrencies and has weaker security features. Ultimately, the choice between Coinhako and Coinbase will depend on your individual needs and preferences.

FAQs

1. Can I use Coinhako if I don’t live in Singapore, Malaysia, Indonesia, or Vietnam?

No, Coinhako is currently only available in those four countries.

2. What is the difference between a cold wallet and a hot wallet?

A cold wallet is a cryptocurrency wallet that is not connected to the internet, making it less vulnerable to hacking. A hot wallet is a cryptocurrency wallet that is connected to the internet, making it more vulnerable to hacking.

3. Does Coinbase offer insurance?

Yes, Coinbase offers insurance in the event of a security breach.

4. What is two-factor authentication?

Two-factor authentication is a security feature that requires users to provide two forms of identification in order to access their account. This typically involves entering a password and then entering a code that is sent to the user’s phone or email.

5. Does Coinbase offer phone support?

Yes, Coinbase offers phone support in addition to email support and live chat support.



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