Coinbase vs CloseOption

Coinbase vs CloseOption Comparison Table 2024
Coinbase CloseOption
1.4
3.8

Coinbase is a leading cryptocurrency exchange that provides access to 18,000+ crypto assets that can be traded on the marketplace, stored in a wallet or borrowed via the brand's DeFi function. The US-based firm has over 10 million clients and offers educational support to individual traders and tailor-made derivative products for businesses.

CloseOption is a Georgia-headquartered broker with over a decade in the trading industry. The brand offers high/low binary options trading on forex and crypto markets, with decent payouts, welcome bonuses, 24/7 customer support and intuitive trading software.

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Customer Reviews
1
Bonus Offer
£5/$5 in BTC. Terms and Conditions Apply. See Review $10 Welcome Gift
Comment by Reviewer
"Coinbase is a good option for dedicated crypto investors who want a vast selection of established and low-market-cap tokens. The platform makes it straightforward for new crypto investors to buy and sell Bitcoin in a few clicks." "CloseOption is a good pick for traders seeking a user-friendly binary options platform with high payouts and joining bonuses."
Pros
  • Powerful purpose-built crypto trading platform with backtesting capabilities
  • Well-regarded crypto exchange with thousands of tokens available
  • One of the most trusted brands in the crypto space
  • Fast execution speeds on the trading software
  • Slick app with excellent customer feedback
  • Margin trading available in some countries
  • You can sign up in three quick steps
  • New traders can get started with a $5 minimum deposit
  • CloseOption offers weekly trading tournaments with cash prizes
  • The user-friendly platform is compatible with most web browsers
  • Multiple global payment methods are available
  • Free demo account
Cons
  • Coinbase trades don't take place anonymously
  • Occasional bugs have caused issues on the system
  • Lower safety score vs established crypto brokers
  • Clients need to deposit $50,000+ to qualify for the best payouts
  • CloseOption is not regulated by a well-regarded trading authority
  • Binary options are only available on fiat and digital currencies
Instruments
Cryptos Binary Options on Forex & Cryptos
Demo Account
No Yes
Minimum Deposit
$0 $5
Trading Platforms
  • AlgoTrader
  • Own
Payment Methods
Minimum Trade
0.0001 XBT $1
Regulator
CBoI National Bank of Georgia
Margin Trading
Yes No
STP Account
No No
ECN Account
No No
DMA Account
No No
MAM Account
No No
PAMM Account
No No
LAMM Account
No No
Demat Account
No No
AI / Machine Learning
No No
Robo Advisor
No No
Negative Balance Protection
No No
Market Maker
No No
P2P Trading
No No
Spot Trading
Yes No
Mobile Apps
Yes iOS & Android
App Review

CloseOption’s TradeRoom stands out as a fantastic option for beginners, with its streamlined design minimizing the learning curve. It’s super easy to place short-term trades from 5 seconds with basic charting tools at your disposal. Tutorials and frequent updates with video demonstrations also enhance the experience, while weekly contests are available to skilled traders on the go.

Android App Rating
3.5
iOS App Rating
3.7
Copy Trading
No No
Social Trading
No No
VPS Hosting
No No
Tournaments
No No
Demo Competitions
No Yes
Ethical Investing
No No
Custodial Account
No No
Guaranteed Stop Loss
No No
Inactivity Fee
$0 0.5%
Islamic Account
No No
Account Currencies
  • USD
Forex Trading
Forex trading not offered CloseOption offers binaries on 25+ forex pairs, including majors like EUR/USD and a few minors like AUD/JPY. Payouts vary by currency, with decent typical payouts of 75% for GBP/USD.
GBPUSD Spread
No fee - payouts approx. 80% (Copper)
EURUSD Spread
No fee - payouts approx. 80% (Copper)
EURGBP Spread
No fee - payouts approx. 80% (Copper)
Assets
20+
Cryptocurrency
With some 18,000 digital assets available to trade, Coinbase is one of the leading exchanges in the crypto world with a wider selection of tokens than most alternatives. Traders access crypto markets through a powerful platform and can enjoy margin trading in some jurisdictions. Maker and taker fees are low and there are no hidden account charges. CloseOption traders can access high/low binary options on five major cryptos all paired with USD. Payouts of 40% are available due to digital assets' high market volatility, which compares well with rivals.
Spread
BTC 0.1%, ETH 0.1% No fee - payouts approx. 40% (Copper)
Coins
  • BCH
  • BTC
  • ETH
  • LTC
  • XRP
  • IOTA
  • NEO
  • EOS
  • XMR
  • FIL
  • WBTC
  • SHIB
  • BNB
  • BTC
  • BCH
  • ETH
  • LTC
  • XBT
Crypto Lending
No No
Crypto Mining
No No
Crypto Staking
Yes No
Auto Market Maker
No No
Binary Options
Binary options trading not offered CloseOption offers binary options trading on 30+ fiat and digital currencies through an easy-to-use web-based platform. 15 contract timeframes are available from 30 seconds to 1 month, suiting both short-term and long-term traders. New users also get a joining gift.
Payout
95%
Expiry Times
30 seconds - 1 month
Ladder Options
No No
Boundary Options
No No
This post contains affiliate links, and this website will be compensated if you make a purchase after clicking the links.
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