Coinbase vs Robinhood: fees, withdrawals, safety and which to use
Robinhood lists $0 for buying $1,000 through a bank transfer; Coinbase reveals its charge only when you review the order.
Coinbase vs Robinhood fees
Fees in dollars for $1,000 at Coinbase and Robinhood, taken from each exchange's own pages.
| $1,000 and the basics | Coinbase | Robinhood |
|---|---|---|
| Buy by bank transfer (ACH) | – | $0 |
| Buy by wire | $19 | $0 |
| Sell and send to your bank (ACH) | – | $9.50 |
| Cash out to your bank (ACH) | – | $0 |
| Cash out by wire | $25 | $25 |
| Cash out instantly to a debit card | – | $17.50 |
| States it does not serve | – | Serves every state |
| Serves New York | Yes | Yes |
| Bank withdrawal | 1-5 business days | Free |
| NYDFS licence | Yes | Yes |
| App Store rating (ratings) | 4.7 (1,797,969) | 4.3 (4,899,968) |
| Google Play rating (ratings) | 4.3 (929,890) | – |
| Coins listed | 407 | 92 |
If a row has a dash, the exchange hasn't published a number. "Not offered" means that method isn't supported.
Coinbase vs Robinhood in your state
Coinbase doesn’t publish a list of the US states it excludes, and its user terms only require that you live in the US.
Robinhood states that customers across all 50 states can use its service.
Coinbase vs Robinhood withdrawals
Coinbase bank withdrawals take 1-5 working days.
Withdrawals from Robinhood to your bank are free.
Coinbase vs Robinhood safety
Coinbase's New York licence or charter is issued by NYDFS.
Robinhood's New York licence or charter is issued by NYDFS.
Coinbase vs Robinhood apps and coins
In the App Store, Coinbase receives 4.7 out of 5 based on 1,797,969 ratings. On Google Play, its score is 4.3 based on 929,890 ratings.
On the App Store, Robinhood receives 4.3 out of 5 based on 4,899,968 ratings.
Which should you choose, Coinbase or Robinhood?
- Choose Coinbase when Coinbase Advanced and its order book are what you'll use.
- Choose Robinhood if you will use its order book and Exchange routing fee tiers, or if you live in a state that others leave out.
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