Exodus Vs. Coinbase: Which Crypto Wallet Should You Use?

If you’re looking to receive or store cryptocurrencies, you need a crypto wallet. However, while you might already know some options out there, you might not be so sure which one to use. There are just so many cryptocurrency wallets out there.

Exodus vs Coinbase

Maybe you’ve asked around, and a few of your friends keep saying Exodus while others seem to think that Coinbase is the better choice for you, but which should you pick?

Sure, both are good, but if you’re that type of guy- or girl- that needs to know with all certainty which one is best for you, this article is for you. But before we conclude, let’s first take a brief look at what each crypto wallet is and how they operate.

Exodus wallet

Exodus is a crypto wallet that allows you to store, send, and receive over 100 cryptocurrencies and tokens. It requires no registration or verification and has its trademark support services available to traders round-the-clock. 

Coinbase

Coinbase allows for buying and selling cryptocurrency. It also serves as an online crypto wallet for the storage and reception of cryptocurrency assets.

Who should use Exodus? 

“If you’re completely new to the cryptocurrency world, then you should probably consider Exodus over Coinbase.”

~Manuel Black (Cryptocurrency Expert)

The reason is simple: Exodus is very simple, easy, and convenient to use and does not feature all those complicated functions prominent in other cryptocurrency wallets.

Should you decide to use the wallet platform, you will enjoy its great in-built services and other exceptional features like premium access to exchangers.

See also  Exodus vs. Atomic Wallet: Which is the best crypto wallet?

Do note, however, that there are a few disadvantages for those that choose Exodus over Coinbase. 

  1. The Commission on Exodus is a lot higher than that of Coinbase.
  2. It’s not as secure as Coinbase. If you intend to store large volumes of cryptocurrencies on the platform, it will be better to go with a more secure option like Coinbase. 

In short, if you’re an infant in the crypto world, you don’t have significant cryptocurrencies to exchange, and you don’t mind the somewhat high commissions, then Exodus is by far the perfect choice for you.

Who should use Coinbase?

Coinbase is perfect for cryptocurrency traders and exchangers who have amassed a significant understanding of the blockchain system. Those grades of users will find it extremely easy to navigate the world of seemingly complex settings and options. Its “cold” storage system also ensures less risk and greater security from scammers and cryptocurrency scavengers. Here are some of its other advantages over Exodus. 

  1. Low commission on the wallet. There’s no commission between two Coinbase users.
  2. Instant exchange to fiat is available for US citizens.

If you’re a newbie looking to up your game and trade more cryptocurrencies within a more secured space, then Coinbase sounds just like an ideal upgrade for you. If you’ve also been trading for any length of time and you’re looking to switch to a better platform, you might want to keep Coinbase close to the top of your list.

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