Coinbase Vs Exodus: Which Is The Better Crypto Wallet?

In this Coinbase vs Exodus article, we will compare the two popular cryptocurrency wallets. While both are very similar in their functions and design, there are some key differences that you should consider before choosing one over the other.

Coinbase Overview

 Coinbase is a well-known cryptocurrency wallet that allows users to buy, sell and store Bitcoin, Ethereum and Litecoin. It was founded in 2012 by Brian Armstrong and Fred Ehrsam.

Features of coinbase

Coinbase has a number of features that make it stand out from other cryptocurrency wallets. For example, Coinbase allows you to buy and sell Bitcoin, Ethereum and Litecoin. This means that you can use it like an exchange or marketplace for buying crypto assets. You can also send your crypto assets to other Coinbase users via email or text message.

Pros And Cons of coinbase

Coinbase is a great cryptocurrency wallet, but it does have some limitations. For example, Coinbase only allows you to buy and sell Bitcoin, Ethereum and Litecoin. The main benefit of using Coinbase is that they allow you to quickly send your crypto assets via email or text message.

However, if you want to store more than $10k worth of digital assets per day then this feature may not be suitable for you because there are currently no limits on how much money can be held in one account.

Exodus Overview

Exodus is a cryptocurrency wallet that allows you to buy, sell and store Bitcoin, Ethereum and Litecoin.

Features

Exodus has a number of features that make it stand out from other cryptocurrency wallets. For example, it gives you the ability to send your crypto assets instantly via SMS text message or email.

This means that you can quickly move your digital assets into another wallet without having to wait for the transaction to be completed on the blockchain.

It also has a secure vault feature which allows users to store their private keys offline and only allow access with an encrypted version of their private key. You will need an encrypted version of your private key before you can use Exodus Wallet .

Pros And Cons

2 Differences Between Exodus And Coinbase

1. Fees

While Coinbase  charges a flat $1 fee per transaction , Exodus  charges around 1% for every transaction that you make which seems quite expensive when compared to other cryptocurrency wallets such as Jaxx , Coinomi and Electrum which charge much lower fees . In addition, there is also no free version of Exodus : you will need to pay a monthly subscription fee in order to use its wallet service.

2. Customer Support

While both offer a decent amount of customer support, Coinbase is slightly better than Exodus because it offers an FAQ section on its website along with a forum where customers can ask questions about using their cryptocurrency wallet service. 

Features 

Both Coinbase and Exodus allow you to store your digital currency in an online wallet which means that it can be accessed from anywhere on the internet .

However, if you want to transfer funds into another cryptocurrency wallet or exchange platform then you will need to send your digital assets via SMS text message or email which exposes them to even more risks because they are connected directly to the internet .

If someone were able to gain access to this information then they would be able to steal all of your crypto assets  and potentially make thousands or millions of dollars in the process.

Security

While both offer a decent amount of customer support , Coinbase  is slightly better than Exodus because it offers an FAQ section on its website along with a forum where customers can ask questions about using their cryptocurrency wallet service.

However, there is no live chat feature available so when you have any problems with your account it will be difficult to contact a customer support representative.

In addition, while Coinbase  offers phone and email support , Exodus only offers emails which means that you will need to wait for a response before you can resolve any issues with your account.

Price

Coinbase charges 0.15% per transaction fee which is much lower than most other crypto exchanges out there, while Exodus only charges 1% per transaction fee .

This means that if you are planning on making multiple transactions then Coinbase would be better for you because it does not charge extra fees like Exodus does.

Ease Of Use

While both offer a decent amount of customer support , Coinbase has the edge over Exodus because it offers an FAQ section on its website along with a forum where customers can ask questions about using their cryptocurrency wallet service.

However, there is no live chat feature available so when you have any problems with your account it will be difficult to contact a customer support representative.

In addition, while Coinbase  offers phone and email support , Exodus only offers emails which means that you will need to wait for a response before you can resolve any issues with your account .

Mobile App

 Both Coinbase and Exodus allow you to store your digital currency in an online wallet which means that it can be accessed from anywhere on the internet .

However, if you want to transfer funds into another cryptocurrency wallet or exchange platform then you will need to send your digital assets via SMS text message or email which exposes them to even more risks because they are connected directly to the internet .

If someone were able to gain access to this information then they would be able to steal all of your crypto assets  and potentially make thousands or millions of dollars in the process.

Access

Coinbase allows you to fund your account with a credit card or debit card which means that it is easy for people who do not have access to a bank account .

However, if you are looking for alternative ways of funding your Coinbase account then you will need to visit the  website and click on “Get started” where they will give you instructions on how to purchase Bitcoin using cash or a check.

If someone were able to gain access to this information then they would be able to steal all of your crypto assets  and potentially make thousands or millions of dollars in the process.

Exodus also allows you to use PayPal as an alternative method of funding , but unlike Coinbase it only accepts payments through PayPal Credit (a prepaid Visa Card) which means that there are additional steps involved in purchasing cryptocurrency with PayPal .

Frequently asked questions

Both these crypto exchanges allow you to buy, sell, send and receive cryptocurrencies. 

Yes, Coinbase supports NFTs. The exchange provides a few tools to create, send and receive NFTs.