BitPay VS Coinbase Prime

BitPay Reviews

Coinbase Prime Reviews

1. Peter Aungle    

   Doctoral Student at Harvard University | almost 3 years ago
   This site is a plug for Kraken, Misunderstands Prime

   The lowest trading volume tier is $1M-$20M a month -- totally different league. Also the fees start at .18% for takers and .08% for makers, quickly going down to near zero for institutions with large AUMs. Prime routes orders dynamically for optimal execution, including fees, so the largely made up notion that Coinbase is not competitive on fees is once again so far off, the reality is the opposite this time: prime is a highly competitive product for an important investor class from a trusted company in a space most institutional investors find confusing and perceive as somewhat dodgy. Are there other firms out there with the crypto nous and, crucially, the size to offer comparable products? This page about Kraken sounds great for individual/retail investors, though Coinbase Pro is competitive (but Coinbase isn't), but Prime should not be reviewed here. There's no comparing those kinds of trading services with those provided for retail clients.

BitPay mentions (43)

• Top Brand Cycles now accepting Bitcoin Cash - A great idea for your next visit to the Bitcoin Cash City

  Plenty of software solutions like https://bitpay.com/ do this. Source: 11 months ago

• All you need to know about keeping your crypto safe and getting the best exchange rates (Ethereum edition)

  Also, both Crypto.com and Bitpay offer a debit card that can be loaded using crypto. It's actually quite convenient, but just understand that 1) once the money is in, you can't get it out, and 2) you can't use the card to purchase crypto (lol). And a bit of a pro tip, if you're looking to load one of these cards with, let's say, a few thousand dollars, make sure to swap your ETH to a stablecoin (i.e. USDC, USDT,... Source: about 1 year ago

• Issue with gift card

  Can you message me the invoice ID? Once received, I will contact you from bitpay.com Support Channel. Source: about 1 year ago

• How to make market website in HTML?

  1) Easiest: use a 3rd party API like BitPay. Downside: they charge a 1% + $0.25 for every payment. Source: over 1 year ago

• Gorillas, militias, and Bitcoin: Why Congo’s most famous national park is betting big on crypto

  For example, an article on a crypto forum about how a particular company is 'accepting Bitcoin' will not point out that in most cases, the company in question is not actually accepting crypto, but instead partnering with an intermediary exchange who will accept crypto, convert it to fiat, and then pay the company. This is also the case with Paypal. They're lauded as now allowing people to buy/sell crypto, but in... Source: over 1 year ago

Coinbase Prime mentions (4)

• Crypto Whale Moves $321,000,000 in Bitcoin in Single Transaction

  You use what's called a Prime Broker and execute an OTC (Over The Counter) trade. Coinbase has one: https://primebroker.coinbase.com/. Source: about 3 years ago

• I have some bitcoin that I don't intend on touching for a long time. What is the best way to ensure that I will be able to access them in 10+ years?

  Exchanges have their limits , coinbase does offer https://primebroker.coinbase.com/ for large amounts though. Source: about 3 years ago

• Coinbase has license to trade securities?

  I THINK their securities license covers their institutional services. Coinbase Prime. Source: about 3 years ago

• Withdrawing a large amount of fiat from an exchange

  I could be wrong though - it's worth looking into. But coinbase, who report to HMRC anyway, have an OTC - https://primebroker.coinbase.com/ - so it's not like "all OTCs are dodgy" at least. Source: about 3 years ago