When comparing Coinbase Bitcoin Wallet vs Bitstamp, the Slant community recommends Bitstamp for most people. In the question“What are the best ways to buy/sell bitcoin?” Bitstamp is ranked 2nd while Coinbase Bitcoin Wallet is ranked 5th. The most important reason people chose Bitstamp is:
Bitstamp is very economical if you live in Europe as they have free SEPA deposits.
Specs
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Pros
Pro Stores 85% of users' funds offline
If security is one of your top priorities, Coinbase takes a unique approach at protecting users by storing most information offline.
Pro Converts Bitcoin to USD
By integrating a US bank account, Bitcoin can be converted to USD using ACH.
Pro Web and mobile
You can open your bitcoin wallet and fully manage it on both web and mobile, and access your bitcoin any time.
Pro Bitcoin can be transfered through email
Allows avoiding using Bitcoin addresses by transferring funds through email instead.
Pro Free SEPA deposits
Bitstamp is very economical if you live in Europe as they have free SEPA deposits.
Pro Very low transfer fees
For small transactions (< $500 USD) you're only charged 0.5%. This incrementally decreases to 0.2% for transfers over $150,000 USD.
Pro Lets you limit orders
On Bitstamp users can enter limit orders that stay open until they are either cancelled by the client or executed in the market.
Pro Supports multiple currencies
Bitstamp supports US dollars, British pounds, and Swiss francs.
Pro Offers prepaid debit cards
You can purchase physical or virtual prepaid debit cards through Bitstamp and load money into them directly from your Bitstamp account. There are currently three supported currencies: USD, EUR, and GBP. Note: this is currently unavailable to US citizens.
Pro Great support
Multiple threads on the Bitcoin sub-reddit praise Bitstamp for fast and helpful support.
Pro Great user interface
The interface and overall user experience of Bitstamp is fantastic. The design is clean, easy to use while also providing great features like the order book.
Pro Order book
The order book is a great feature because it’s where the exchange shows all the open orders it has from its clients.
The first part of the order book is a chart that represents all the orders organized by type (bid or offer), price, and volume. This is a very efficient way of looking at the market depth and also analyzing the open interest so you can decide how to set and manage your orders.
Cons
Con You don't own your Bitcoins
If they don't like you (KYC/AML) they can lock you out. This is the antithesis of what Bitcoin is able to provide. If you own the private keys, you own the Bitcoins, on Coinbase you don't.
Con Bank account integration is limited
It's only available in US and has a limit for spending and receiving.
Con Tracking you
Bitcoin is anonymous by design but Coinbase is tracking and reporting all transactions.
Con Questionable politics
Con High fees for credit/debit card purchases
Bitstamp charges a flat 5% for all credit/debit card purchases, regardless of purchase amount.
Con Not so great for cryptocurrency beginners
Bitstamp is not the best platform for those unfamiliar with cryptocurrencies in general — the live trading platform and UI can get too overwhelming for beginners due to information overload.