Connect with us

Hi, what are you looking for?

Academy

Coinbase vs Coinify – Which platform is better?

It is hard to differentiate between Coinify vs Coinbase. Which is more secure? Which of these platforms has a better score on their reviews? And many more questions about comparing Coinify vs Coinbase. If you have any doubts about these two platforms, we are here to help you choose the best option. We will first review these platforms and finally compare them.

Coinbase

This company was established in 2018 and today has become one of the largest and best exchange offices in the United States. Services include Digital Currency Trading, Secure Wallets, U.S. dollar stablecoins, and more.

The exchange is licensed and supports all US states except Hawaii. Many cryptocurrencies are exchanged daily and this digital exchange has a large volume of transactions. You can also use this app for your own transactions as it supports different altcoins. Registration is also very simple and you can create your account with just a few clicks. Having apps for Android systems, iOS is another strength of Coinbase. It also provides very easy-to-use terms for novice traders to easily trade.

Security

Security is one of the strengths of this platform. With different layers of protection as well as provisions against attacks and hackers, Coinbase has been able to create one of the best security conditions for a digital application. Two-factor authentication is available to enhance account security.

Social Security Number

To open an account at this exchange, after entering your email and password, you will be asked for your mobile phone number. After entering the mobile number and receiving the code, this number is used to confirm the transactions. American citizens also need to identify themselves using social security numbers. Using the credit card, or debit card, and bank account, you can determine the methods of receiving and depositing money and buying digital currencies, and then start trading.

Coinify

This open-source wallet and asset browser application provides services in Europe, Asia, and other parts of the world and is one of the most popular. The project was created in 2014 in Denmark and today supports popular coins such as Bitcoin and other digital currencies. Using two-way virtual currency services, you can match traditional and new payment systems. It gives users easy access to sell digital currencies and receive them directly in a bank account or other traditional methods.

It also allows plugins such as BigCommerce, Magento, Shopify, and WooCommerce, enabling users to use digital currencies for their own payments. This app is only available in English for people all over the world. It can also be used on the web or mobile app.

Coinbase vs Coinify Which app is better?

In the list below, we will discuss the strengths of each of these two programs so you can see which platform is better under what condition.

Brand Popularity

In this case, Coinbase wins by having one more star than Coinify. Coinbase gets 4 stars but Coinify has 3 stars.

Debit & Prepaid Card Support

Both platforms support this feature.

Supported Languages

Coinbase supports English, Portuguese, German, French, Spanish, Italian, Dutch, Indonesian, while Coinify supports just English. So here, too, we see the superiority of the Coinbase program.

Storage type

In Storage type, both programs use Hot wallet. So they are equally rated in this aspect.

Private keys

Both of these programs provide private keys to their users.

Security

In Coinbase, Third-Party Encrypted but in Coinify this is not possible. Of course, in terms of security platforms, they are well protected.

PayPal / Gift Card Support

Coinbase supports PayPal and Gift Card if this is not possible in Coinify.

Privacy Policies / Data Portability Policies

In Coinify, users’ privacy and Data Portability Policies are well stated. There are similar features for both programs, such as 2 Factor Authentication.

Multi-Signature

Coinbase uses this feature.

Advantages

Coinbase supports a large number of digital currencies. Also, support for fiat currencies is one of the important points of this program.

Coinify

Supports many digital currencies. open source. Free use for users. Having more than one wallet for digital currencies

Available coins

In Coinbase
Bitcoin (BTC), Ethereum Classic (ETC), VeChain (VET), OmiseGO (OMG), Qtum (QTUM), ICON (ICX), Bytom (BTM), Populous (PPT), Wanchain (WAN), Dogecoin (DOGE) , DigixDAO (DGD), Waves (WAVES), Zilliqa (ZIL), RChain (RHOC), Aeternity (AE), Status (SNT), 0x (ZRX), Loopring (LRC), Aion (AION), Golem (GNT) , IOST (IOST), KuCoin Shares (KCS), Waltonchain (WTC), aelf (ELF), Centrality (CENNZ), Dragonchain (DRGN), Substratum (SUB), QASH (QASH), Veritaseum (VERI), Mithril (MITH ), Elastos (ELA), Voyager Token (VGX), FunFair (FUN), Nebulas (NAS), Nucleus Vision (NCASH), Revain (REV), WAX (WAX), SALT (SALT), Power Ledger (POWR), Storm (STORM), Mixin (XIN), Enigma (ENG), Storj (STORJ), TenX (PAY), Cindicator (CND), Dentacoin (DCN), Civic (CVC), Iconomi (ICN), SingularityNET (AGI), Matrix AI Network (MAN), POA Network (POA), GameCredits (GAME), Dent (DENT), Quantstamp (QSP), Gnosis (GNO), iExec RLC (RLC), Decentraland (MANA), Polymath (POLY), Cube (CUBEAUTO), Po.et (POE), Genaro Network (GNX), Loom Networ k (LOOM), NULS (NULS), Dynamic Trading Rights (DTR), Time New Bank (TNB), Aragon (ANT), Enjin Coin (ENJ), High Performance Blockchain (HPB), Raiden Network Token (RDN), Metal (MTL), Santiment Network Token (SAN), Pundi X (NPXS), SIRIN LABS Token (SRN), Dropil (DROP), Bluzelle (BLZ), SmartMesh (SMT), Genesis Vision (GVT), THETA (THETA), Credits (CS), Pillar (PLR), Paypex (PAYX), Gifto (GTO), BLOCKv (VEE), AirSwap (AST), DEW (DEW), Bibox Token (BIX), OST (OST), ETHLend (LEND) , IoT Chain (ITC), DATA (DTA), Scry.info (DDD), Ruff (RUFF), Ripio Credit Network (RCN), SONM (SNM), Quantum Resistant Ledger (QRL), AdEx (ADX), SophiaTX ( SPHTX), SingularDTV (SNGLS), Eidoo (EDO), UTRUST (UTK), Ambrosus (AMB), Edgeless (EDG), EvenCoin (EVN), WePower (WPR), Pura (PURA), SpankChain (SPANK), CRYPTO20 ( C20), Telcoin (TEL), Crypterium (CRPT), Oyster Pearl (PRL), MediShares (MDS), AppCoins (APPC), USD Coin (USDC), Ripple (XRP), Binance Coin (BNB), Bitcoin Cash (BCH ), EOS (EOS), Ethereum (ETH), Litecoin ( LTC), Stellar (XLM), LKSCOIN, Polkadot (DOT), Matic Network (MATIC), NXM (NXM), Terra (LUNA), Ampleforth (AMPL), xDai (STAKE), Nectar (NEC), sUSD (SUSD) , Zap (ZAP), Monolith (TKN), Metronome (MET), YAM v1 (YAM), Hydro Protocol (HOT), Auctus (AUC), Compound Dai (CDAI), Compound SAI (CSAI), Compound USD Coin (CUSDC ), pTokens BTC (PBTC), Compound Ether (CETH), PieDAO BTC ++ (BTC ++), Compound Basic Attention Token (CBAT), Compound 0x (CZRX), Compound Wrapped BTC (CWBTC), Compound USDT (CUSDT), Compound Augur ( CREP), XinFin Network (XDC), Crypto.com Coin (CRO), UNUS SED LEO (LEO), Huobi Token (HT), Binance USD (BUSD), Celsius (CEL), Algorand (ALGO), OKB (OKB) , TrueUSD (TUSD), HUSD (HUSD), Ocean Protocol (OCEAN), ABBC Coin (ABBC), Energy Web Token (EWT), Quant (QNT), SwissBorg (CHSB), DxChain Token (DX), IoTeX (IOTX) , RSK Infrastructure Framework (RIF), TomoChain (TOMO), Kleros (PNK), Chiliz (CHZ), Uquid Coin (UQC), Ankr (ANKR), Velas (VLX), IRISnet (IRIS), Energi (NRG), Unibright (UBT), WAX (WAXP), Phantom (FTM), NAGA Coin.
In Coinify
Bitcoin (BTC), Nano (NANO), Dogecoin (DOGE), USD Coin (USDC), Bitcoin Cash (BCH), Bitcoin SV (BSV), Ethereum (ETH), Litecoin (LTC), Stellar (XLM), Tether ( USDT), Polkadot (DOT), Celsius (CEL)

overall Score

So Coinbase has more points. But we have to keep in mind that Coinify, in some cases, has its own characteristics and is more superior to Coinbase.

Support us

Crypto donation button by NOWPayments
All donations will be re-invested back into the website.
You can also sign up on NOWPayments to start receiving donations on your website too.

You May Also Like

Tutorials

Earlier Bitcoin Wallet used to be a bunch of private keys. In order to use new address, user had to generate new private key...

Tutorials

When you send Bitcoin from your wallet to some other address it needs some time for transaction confirmation in the blockchain.

Tutorials

To use Bitcoin, user generally needs two things: Private Key and Bitcoin Address.

Tutorials

Paper wallets if done right are one of the most secure ways of storing bitcoin especially if done on an air gapped computer.