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Investing in Cryptocurrency| Coinbase vs CoinDCX | which one is the best ?

 Cryptocurrency trading is expected to be the future of investment. The values of coins and tokens are increasing everyday. These cryptocurrencies could be used in buying goods and services and are safe and easy to invest and store. Although the cryptocurrency market is volatile, an investor can face major drop or climb in the value of a digital coin. 

Many crypto investing platforms ae launched in the market which can or cannot be beneficial for your investment a goof investing platform must have three things

  1. Easy to use interface
  1. Good data representation
  1. safe and secured.
Out of many cryptocurrency investing apps two are in the limelight right now, we are talking about Coinbase and CoinDCX, one which is one of the best cryptocurrency investing app in the United States and other which is now termed as the safest and most secure crypto trading app in India. 

Coinbase vs CoinDCX-Which one is best


Coinbase

Founded in 2012 by  Brian Armstrong, Coinbase offers two platforms, a standard Coinbase platform and the other is Coinbase pro, while the standard version is a great tool to help investors understanding about the simplicity of purchasing, storing and moving cryptocurrency, Coinebase Pro proves to be a better platform for those who wish to actively trade or invest with lower fees and more features.

Top five best cryptocurrencies to invest for long run

This app has become a leading cryptocurrency exchange platform in the United States, for new traders it has made crypto investing much easier. A wide variety of tools including advanced trading platform, a wallet for retail investors, cryptocurrency investing and much more is offered by coinbase. 

Coinbase user interface




Pros

Number of coins: Being a fully regulated and licensed cryptocurrency exchanging platform its crypto list expands from Bitcoin, Ethereum, Litecoin, XRP and many others. Altogether it offers over 25 cryptocurrencies for investment, trading and also staking. 

Easy user interface: The extremely simple user interface works like magic for all types of investors. It is listed as one of the easiest crypto-trading app, moreover it has a learning program that helps users to better understand about the working of cryptocurrencies.

Safe investment: The crypto market is highly volatile and investors could face a drastic slippage of price, to cope up with that problem, Coinbase maintains high liquidity by consistently ranking among high liquid exchanges. 

Cons

Fees: Coinbase fees are high as compared to many of its best competitors, new comers are subjected to this fees until and unless they purchaseCoinbase Pro which is much cheaper option. 

Reports of Hacks: In a report by CNBC on August 24, 2021, an individual got a text message about his login credential has been changed and later when he logged into his account his funds were gone. 

Lack of coins than other similar platforms: Although coinbase offers over 25 different Cryptocurrencies, it lacks the number of coins featured in the app when compared to similar apps, for beginners the coins are soothing to invest but for those who are interested in serious trading will not find a great options here. However the developers are saying that they will plan to add more altcoins here. 

Want to invest and not sure how to? Then here is the guide to safely invest in cryptocurrency

List of Cryptocurrencies available on Coinbase

  • Aave (AAVE)
  • Algorand (ALGO)
  • Cosmos (ATOM)
  • EThe Balancer (BAL)
  • Band Protocol (BAND)
  • Basic Attention Token (BAT)
  • Bitcoin Cash (BCH)
  • Bancor Network Token (BNT)
  • Bitcoin Satoshi's Vision (BSV) (Send Only)
  • Bitcoin (BTC)
  • Celo (CGLD)
  • Compound (COMP)
  • Civic (CVC)
  • Dai (DAI)
  • Dash (DASH)
  • districtOx (DNT)
  • EOS (EOS)
  • Ethereum Classic (ETC)
  • Ethereum (ETH)
  • Filecoin (FIL)
  • The Graph (GRT)
  • Golem (GNT)
  • Kyber Network (KNC)
  • Chainlink (LINK)
  • Loom Network (LOOM)
  • Loopring (LRC)
  • Litecoin (LTC)
  • Decentraland (MANA)
  • Maker (MKR)
  • Numeraire (NMR)
  • NuCypher (NU)
  • OMG Network (OMG)
  • Orchid (OXT)
  • Ren (REN)
  • Augur (REP)
  • Synthetix (SNX)
  • USD Coin (USDC)
  • Universal Market Access (UMA)
  • Uniswap (UNI)
  • Wrapped Bitcoin (WBTC)
  • Stellar Lumens (XLM)
  • Ripples (XRP)
  • Tezos (XTZ)
  • Yearn.finance (YFI)
  • Zcash (ZEC)
  • 0x (ZRX)

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CoinDCX

CoinDCX is a Mumbai based Indian company co-founded by Sumit Gupta, who is also the CEO of the company. The app is termed as the safest cryptocurrency investing app in India and right now is considered as Cryptocurrency Unicorn.

The app makes money by charging Deposit fees(charged on exchanging currencies), withdrawal fees, trading commissions i.e., 0.01 percent of the overall transaction, and listing fees. Gupta set-up the company back in 2018 with the aim to increase its users from 3.5 million to 50 million in the coming years. In singapore CoinDCX was registered as PrimeStack.Pte and in India it is an ISO-certified cryptocurrency exchange platform. 

CoinDCX user interface


PROS

Numbers of coins offered: As a registered and licensed cryptocurrency trading platform, CoinDCX offers close to 60 cryptocurrencies to invest in. The list includes Bitcoin, Ethereum, Solana, Yearn.Finance, and much more.

Easy to use: The user interface of CoinDCX is as simple as it is of Coinbase. Easy signup, easy deposit of money as low as INR 100 through different mediums such as UPI, Debit card and digital wallets. 

CoinDCX offers investment from INR 10 which encourages new investors to invest without suffering huge loss. The low investment also help new investors to practically learn and understand the working of cryptocurrencies this also makes a positive and risk taking mindset of experimenting by bearing low losses. 

Valuable data representation: The application provides data which is easy to understand, on top of that one can invest by looking at real-time data, this makes investing much safer and profitable. 

Safest Crypto-trading app in India: Crypto-market is fragile and some miscellaneous thefts can happen anytime for which trading apps must find a way to deal, CoinDCX is known as a one of the safest cryptocurrency exchange in India with no miscellaneous activities recorded till date. 

Cons  

Customer support: All though the customer support is fine but there is a space of improvement. 

P2P platforms: CoinDCX has not introduced a Peer-to-Peer platform on its platform, P2P is on going and could bring a lots of scope for CoinDCX.  

  List of Cryptocurrency available on CoinDCX

  • Bitcoin(BTC)
  • yearn.finance(YFI)
  • Ethereum(ETH)
  • Maker(MKR)
  • Bitcoin Cash(BCH)
  • Kusama(KSM)
  • Aave(Aave)
  • Compound(COMP)
  • Solana(SOL)
  • Chainlink(LINK)
  • Cardano(ADA)
  • Algorand(ALGO)
  • Tether(USDT)
  • The Graph(GRT)
  • Doge(DOGE)
  • Litecoin(LTC)
  • Dash(DASH)
  • ZCash(ZEC)
  • Avalanche(AVAX)
  • Filecoin(FIL)
  • Ethereum Classic(ETC)
  • Internet Computer(ICP)
  • Polkadot(DOT)
  • Cosmos(ATOM)
  • Chainlink(LINK)
  • Uniswap(UNI)
  • PancakeSwap(CAKE)
  • OMG Network(OMG)
  • Qtum(QTUM)
  • UMA(UMA)
  • Sushi(SUSHI)
  • Synthetix Network(SNX)
  • Theta Token(THETA)
  • Tezos(XTZ)
  • 1inch(1INCH)
  • Curve(CRV)
  • EOS(EOS)
  • Fantom(FTM)
  • Enjin Coin(ENJ)
  • Polygon(MATIC)
  • Ripple(XRP)
  • Ox(ZRX)
  • Alpaca Finance(ALPACA)
  • Decentraland(MANA)
  • Basic Attention Token(BAT)
  • Polymath(POLY)
  • Civic(CVC)
  • Hedera Hashgraph(HBAR)
  • Stellar Lumens(XLM)
  • VeChain(VET)
  • Ravencoin(RVN)
  • Zilliqa(ZIL)
  • Tron(TRX)
  • Siacoin(SC)
  • BitTorrent(BTT)

Conclusion

Both Coinbase and CoinDCX are the best cryptocurrency trading applications in their region, Coinbase is from the United States and CoinDCX is a Mumbai based Indian company. Also Indian people can invest in Coinbase and United states people can invest in CoinDCX. 

Both the apps try the best to provide a better user interface for all kind of investors and traders. Both the apps are widely popular and fully licensed and safe to use. The one difference between the two apps is that, CoinDCX offers close to 60 cryptocurrencies while Coinbase coins are just over 25, this leaves the serious traders with less option.   

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