Robinhood versus Coinbase

Robinhood offers commission-free equity and ETF trading, IPOs, and cryptocurrencies. Coinbase became one of the most trusted US-based cryptocurrency exchanges and a market leader in its category by volume as of March 2021. Both continue to attract clients, with millennial and GenZ traders their primary market with a preference for mobile trading, where Robinhood and Coinbase present their in-house developed apps.

Beginner traders get educational content at Robinhood and Coinbase, but the latter pays a small number of cryptocurrencies after completing each lesson. Both struggle to fix their customer support, but Robinhood also has a controversial operating history and receives payment for order flow. Robinhood pioneered commission-free trading in the US, while Coinbase brought cryptocurrency trading to the retail sector.

We have conducted an in-depth review of Robinhood and Coinbase to determine which one presents the better overall choice and which traders will benefit the most at either broker.

Features and Platforms

Features & PlatformsCoinbase (visit site)Robinhood (visit site)
Established :
Retail Loss Rate:
Minimum Deposit:
Demo Account:
Managed Account:
Islamic Account:
Inactivity Fee
Deposit Fee:
Withdrawal Fee
Funding Methods:
Proprietary Platform:
Automated Trading:
Social / Copy Trading:
MT4/MT5 Add-ons:
Guaranteed Stop Loss:
Negative Balance Protection:
Bonuses and Promotions:
Unique Feature One:
Broad asset selectionAccess to IPOs
Unique Feature Two:
Passive income generationFractional share trading
Broker Offers:


Both offer a branded debit card, ensuring clients have swift access to their funds. A monthly subscription-based account upgrade exists at Robinhood, costing $5 monthly, including a $1,000 margin allowance. Neither supports algorithmic trading.

Available Markets

Available MarketsCoinbaseRobinhood
Currency Pairs:
Cryptocurrency Pairs:
Commodities and Metals:
Options, Futures, and Synthetics:
Maximum Retail Leverage:
Maximum Pro Leverage:

Coinbase remains a pure cryptocurrency exchange but excels in this sector, presenting the broadest asset selection in the US. Robinhood is primarily an equity broker with access to select cryptocurrencies, gold, options, and ETFs. It also offers IPO trading and fractional share dealing from as little as $1, ideal for diversifying smaller portfolios.

Typical Spreads and Fees

Typical Spreads & FeesCoinbaseRobinhood
Minimum Raw Spreads:
Not applicableNot applicable
Minimum Standard Spreads:
Not applicableNot applicable
Minimum Commission for Forex:
Not applicableNot applicable
Commission for Equities:
Not applicableCommission-free
Commission Rebates:
Not applicableNot applicable
Execution Type:
Market MakerMarket Maker

Robinhood maintains higher trading costs versus many competitors but offers leveraged traders one of the lowest margin rates at 2.50%. Pricing transparency remains an issue at this broker, which supplements income by selling order flow. Coinbase Standard costs range between $0.99 and $2.99 with a fixed margin rate of 8.00%.

Security and Trust


Country of the RegulatorName of the RegulatorLicense Number
UnregulatedNot applicable


Country of the RegulatorName of the RegulatorLicense Number
US Securities and Exchange Commission (SEC)Undisclosed

Robinhood is a Financial Industry Regulatory Authority (FINRA) member. The Securities Investor Protection Corporation (SIPC) offers client protection up to $500,000 per net equity or $250,000 for cash claims. Additional Robinhood membership consists of The New York Stock Exchange (NYSE), the NASDAQ, and the CBOE EDGX Exchange (CBOE EDGX).

Coinbase remains unregulated but duly registered as a Money Service Business with the US Financial Crimes Enforcement Network (FinCEN). It has all the necessary licenses to carry out its business. Coinbase Global Inc., the exchange operator, is a NASDAQ listed company with SEC oversight, which does not carry over to the cryptocurrency exchange operations.

Robinhood vs Coinbase – Verdict


Excellent choice of cryptocurrency assets, and US market leader by trading volume Limited deposit and withdrawal options
Coinbase debit card for swift financial transactionsInadequate customer support
Educational content allows beginner traders to earn crypto assets
Publicly listed company


Fractional share dealing from $1.00 and access to IPO tradingLimited deposit and withdrawal options
Debit card for swift financial transactionsQuestionable business practices and lack of overall transparency
Beginner traders get a wealth of educational content in written form
Optimized mobile app

Coinbase offers US-based cryptocurrency investors an excellent choice. Clients get a broad-based asset selection, a user-friendly exchange platform, and a hassle-free method to acquire cryptocurrencies. Robinhood caters to equity investors who accept higher trading costs. It also features IPOs, ETFs, and a convenient trading platform. Both maintain a secure trading environment.

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