Coinbase vs Poloniex , which is the best for you ?

Hello guys,
It's @besticofinder here and today I'm going to look at two leading crypto currency exchanges and let's decide what is the best one for you. If you look at the coinmarketcap.com rankings which rank crypto currency exchanges on liquidity, traffic, number of spot markets and trading volumes, you can see Coinbase is ranked as No.2 and Poloniex something around No. 9 (current| spot). We all know that Poloniex is emerging faster than ever as a exchange. So through this we can identify what are the differences between two exchanges, what exchange is more suitable for a newbie and what for a pro, and which exchange is following the best security strategies. Then it's easy for you to decide which one is the best for you ?

Comparison Poloniex and Coinbase

Fact	Coinbase	Poloniex
Location	San Francisco	San Francisco
Founded in	2012 in San Francisco, California	2014, United States
Founder	Brian Armstrong and Fred Ehrsam	Tristan D’Agosta
Similarities	Liquidity is very good	Liquidity is very good
	Support large number ALT's	Support large number ALT's
	Comfortable for newbies	Comfortable for newbies
Advantages	Integrated credit and debit cards	No withdrawal or deposit fees
	Support fiat currency trading	2FA and offline storage
	Fast web experience	Up to 100X margin trading
		Lower trading fees compared to coinbase
		2FA and offline storage
Disadvantages	Reported violations on privacy of users	No fiat currency trading
	Trading fees are high	Poor Customer Support
		Website is slow comparatively
Security	Excellent	Excellent

Coinbase vs Poloniex , which is the best for you ?

For many users who coming in to the crypto industry , Coinbase is their first exchange experience because it's a trusted way to convert their fiat currencies in to crypto. And it has a very comfortable user interface for any one. At the same time it accept US $ in different ways such as credit/debit card or bank wire. A newbie just need an email and a mobile number to sign up and start using this site and every thing is well designed as user friendly. So according to my point of view Coinbase is suitable for people who convert fiat - crypto often.
On the other hand Poloniex is better for people who are not that much in to conversion of fiat - crypto , that's mean for seasonal investors who trade and hold crypto.

Trading interface of Poloniex exchange

I will give same marks for Poloniex interface and Coinbase interface , because both of them are very user friendly , clear , with all the information required. The next major point we should consider is Customer Support. Personally I don't like the both. I see both of these exchanges do not have a quality customer support. Both the exchanges provide 24/7 customer support chat , email support and tickets. But the user reviews are not very positive for both of them regarding this aspect. The most important fact we have to consider is Security. I'm happy to say both these exchanges have not faced major hacking incidents in last 5 years. So this proves both exchanges have excellent security for users assets.

Final Thoughts

Both Coinbase and Poloniex exchanges play important roles in this industry. Using one exchange will be directly depend on your trading objective. For example people who involved in Btc buying and selling business for locals Coinbase is a perfect place. Poloniex is much more suitable for seasonal investors. When considering other factors like security , liquidity , supported markets, I see both are very same. I think Poloniex is a exchange which deserves a better place in the industry.

Thank you

#poloniexspotlight #srilanka #steem #steemcryptochallenge