Latoken vs Coinbase | The Many Advantages Of Coinbase

While both platforms offer their own unique features and benefits, it's important to understand the trading fees involved before making any signup decisions.

Latoken, known for its diverse range of listed tokens, charges a spot trading fee of 0.49% for both makers and takers across the majority of tokens.

However, for tokens exclusively listed on the exchange, the maker fee is 0.49% and the taker fee jumps slightly to 0.98%.

These fees may seem a bit higher compared to other exchanges, but Latoken does offer rebates for high volume traders. If you trade above $10,000 during a 30-day period, you can enjoy discounts on the already affordable trading fees.

As for Coinbase's trading fees, the exchange charges a spot maker fee of 0.40% and a spot taker fee of 0.60%.

Like Latoken, Coinbase also offers the opportunity to lower trading fees based on monthly trade volumes. If you exceed $10,000 in trade volumes, you can enjoy reduced fees.

In comparing the two exchanges, Coinbase has lower fees than Latoken in most cases as most cryptocurrencies on Latoken come with a higher 0.98% fee structure.

Latoken does not support fiat currency deposits. Users can only deposit cryptocurrencies to trade on the platform.

However, if users want to buy cryptocurrencies with a credit or debit card, they can do so through third-party providers that Latoken works with, such as Banxa and Wert.

We need to highlight that buying through these providers can come with fees up to 10% commission which is something we recommend our readers avoid by all means.

On the other hand, Coinbase supports fiat currency deposits with three major currencies: USD, EUR, and GBP. You can deposit funds into your Coinbase account using various methods.

For USD deposits, you have the option of ACH (Automated Clearing House) deposits, which are free of charge. You can also use a wire transfer, which incurs a $10 USD deposit fee.

For EUR deposits, Coinbase offers SEPA (Single Euro Payments Area) deposits with a fee of 0.15 EUR. If you prefer GBP deposits, you can use the Swift deposit method, which is free.

In summary, Latoken does not support fiat currency deposits directly, and users have to rely on third-party providers to buy cryptocurrencies with a card.

Coinbase, on the other hand, supports fiat currency deposits in USD, EUR, and GBP, and provides various deposit methods such as ACH, wire transfer, SEPA, and Swift, each with their own fees.

Starting with Latoken, this exchange focuses solely on cryptocurrency withdrawals and does not support any fiat currency withdrawals. Users can withdraw Bitcoin from Latoken with a fee of 0.0005 BTC.

For Ethereum withdrawals, there is a fee of 0.014 ETH. Solana withdrawals come with a flat fee of 0.01 SOL, while ERC-20 Tether withdrawals have a fee of $10 USDT. It's important to consider these fees when planning to withdraw funds from Latoken.

On the other hand, Coinbase offers a wider range of withdrawal options for both fiat currencies and cryptocurrencies. Coinbase fiat withdrawals can be made via ACH, wire transfer, SEPA, and swift transfer. ACH withdrawals are free of charge, while wire withdrawals incur a $25 USD fee.

SEPA withdrawals are charged at 0.15 EUR, while Swift withdrawals have a fee of 1 GBP. Coinbase also supports cryptocurrency withdrawals, with a withdrawal fee of 0.0002 BTC for Bitcoin, 0.000768 ETH for Ethereum, and 0.008 SOL for Solana.

For ERC-20 Tether withdrawals, the fee is 3.55 USDT.When comparing the withdrawal fees of the two exchanges, it's clear that Latoken charges higher fees for Bitcoin, Ethereum, and ERC-20 Tether withdrawals compared to Coinbase.

In conclusion, Latoken appeals to beginners with its user-friendly interface and wide range of altcoins while Coinbase offers a more comprehensive suite of services and caters to a larger user base.

When it comes to key numbers and facts, Coinbase has a higher number of employees, available countries, and registered users compared to Latoken.

Coinbase also has a higher trading volume and liquidity, with daily spot trading volumes frequently exceeding $1 billion. However, Latoken supports a wider range of cryptocurrencies and trading pairs, making it an altcoin heaven for enthusiasts.

In terms of mobile accessibility, both exchanges have mobile apps available on both Android and iOS platforms. Latoken has over 1 million downloads with a solid 4.3-star rating, while Coinbase has 10 million downloads with a 4.1-star rating based on over 750,000 reviews.

When comparing the signup process and KYC requirements, Latoken offers a straightforward signup process where users can start trading right away without mandatory KYC verification whereas that is not possible on Coinbase. KYC verification is mandatory on Coinbase for all users.

In terms of trading fees, Latoken charges a spot trading fee of 0.49% for both makers and takers, with a slightly higher fee of 0.98% for tokens exclusively listed on the exchange. Coinbase charges a spot maker fee of 0.4% and a spot taker fee of 0.6%.

Both exchanges offer the opportunity to lower trading fees based on monthly trade volumes. When it comes to depositing fiat currencies, Latoken does not support direct fiat currency deposits and users have to rely on third-party providers to buy cryptocurrencies with a card.

Coinbase, on the other hand, supports fiat currency deposits in USD, EUR, and GBP and provides various deposit methods with low fees.

When taking into consideration all of these variables, it's clear that Coinbase is the better exchange overall unless you wish to trade shitcoins with KYC!