Your crypto will generally arrive between 5-20 minutes, depending on network traffic. Your crypto should generally arrive between 5-20 minutes, depending on network traffic. Your crypto should generally arrive between 5-20 minutes depending on network traffic.
- Here are the pros and cons of purchasing crypto in Exodus using Ramp or MoonPay.
- As such, Exodus cannot guarantee the performance of its products/services or that the steps shown and the information provided will always be accurate.
- It’s headquartered in San Francisco, but it considers itself to be a “remote first” company and 95% of its employees have had the option to work from home since 2021.
- This gives users more control over their cryptocurrencies, including the responsibility for security that comes with it.
- MoonPay has 61 cryptocurrencies available for purchase globally and 29 cryptocurrencies available for purchase in the US.
The mobile apps from both companies are user friendly, allowing investors to use the exchanges to make P2P trades or the Coinbase app to buy and sell. But the Exodus apps also integrate with Trezor hardware wallets, giving users additional control over their crypto assets. It’s headquartered in San Francisco, but it considers itself to be a “remote first” company and 95% of its employees have had the option to work from home since 2021. Coinbase monitors transactions and secures assets on your behalf. It remains an excellent choice for beginners or people who prefer a traditional brokerage experience.
How Do Exodus and Coinbase Work?
It offers a user-friendly platform accessible via a web browser or mobile app. Traders can exchange various fiat funds using several different methods, then buy or sell on the exchange. It says that fees will be calculated and shown at the time of transaction.
The network fee will be listed at the bottom of the app after you initiate a transaction and before you click “Send.” Each exchange also supports stablecoins like Tether (USDT) and USD Coin (USDC). However, the platforms have slightly different options — if you’re looking for specific coins, you’ll find a few offered on each platform that aren’t found on the other. Now you can buy crypto using Ramp directly in Exodus! Your Exodus wallet connects to Ramp so that you can buy crypto quickly with your credit or debit card.
As such, Exodus cannot guarantee the performance of third-party products or services, or that the steps shown and the information provided will always be accurate. Bitcoin ATMs generally send any purchased crypto to the crypto wallet’s receiving address you provide. Although Bitcoin is the most widely used cryptocurrency, many Bitcoin ATMs will allow you to purchase other cryptocurrencies, such as Ethereum (ETH) and Litecoin (LTC). If you need a wallet to buy and sell crypto, you can download Exodus here.
What are the fees for buying crypto with Ramp?
Coinbase’s wallet is a custodial wallet, and it manages your private keys. Your funds may be affected if Coinbase is hacked, whereas your wallet isn’t impacted if Exodus is hacked. Coinbase users must sign up for an account and complete a verification process. Coinbase keeps insurance on funds in hot storage, stores 98% offline in cold storage, and the Federal Deposit Insurance Corporation (FDIC) insures USD funds. Coinbase is the custodian of your web wallet, so it holds your private keys. The private keys reside on your device if you opt for the standalone wallet and you’re the custodian.
Exodus is a distributed exchange and it provides the platform for users to initiate buy and sell transactions. Exodus earns money via a portion of the spread, but 100% of the transaction fees go to network miners. Users instead download the app, secure their wallets, and use their crypto to begin trading. Exodus is a multi-currency wallet with a built-in decentralized exchange. Coinbase is a centralized exchange offering a web wallet and a standalone wallet.
It offers the ability to connect to a centralized exchange as well. Users have total control over their assets and private keys. Both Coinbase and Exodus offer mobile apps, but Coinbase also functions on a web browser. Exodus users must download a desktop or mobile app to access the service. Its apps and wallets work on Android and iOS devices. The Exodus desktop app also works on Linux, Windows, and Mac computers.
Some assets may be unavailable for purchase in your region due to market conditions, as well as local laws and regulations. To check if there is a Bitcoin ATM in your area, please visit Coin ATM Radar. Depending on your region and local crypto regulations, several third-party fiat API providers are available.
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Coinbase supports many major fiat currencies for holding and purchasing, but Exodus doesn’t support crypto to fiat withdrawals. It suggests Coinbase as one alternative to convert and withdraw your funds. Exodus offers you the option of buying crypto through Ramp and MoonPay. To better understand and decide on how to acquire and control your wealth, it’s important to know the advantages and disadvantages of the platforms you choose. Here are the pros and cons of purchasing crypto in Exodus using Ramp or MoonPay. Exodus is a cryptocurrency wallet with an incorporated, decentralized cryptocurrency exchange.
If you have a question about your purchase and need to reach out to Ramp’s support team, you can give them your order ID to help them help you faster. If you choose to pay $100 USD, that is all you will be charged. In Exodus Web3 Wallet, you can purchase tokens on Ethereum, Solana, and other supported networks.
The first thing you should do is ensure that your payment wasn’t rejected for any reason. If you are expecting a refund, bank transfer refunds are processed in 2-3 business days. Ramp accepts several forms of payment depending on where you’re located.
You have a lot of responsibility to ensure that your computer or mobile device, hot wallet, and cold wallet are secure. The Exodus wallet is a non-custodial wallet where users retain ownership of their private keys. The core function of Exodus is users swapping crypto via peer-to-peer trading. It’s app-based, so users must download a desktop or mobile app to use the exchange.
Users must create an account and go through an extensive verification process to use the exchange. Coinbase is a centralized exchange accepting many fiat currencies for deposit and purchases, including USD, EUR, and GBP. Users can transfer funds via the Automated Clearing House Network (ACH), debit or credit card, wire transfer, or PayPal. Exodus is primarily a distributed exchange, but it does allow you to connect to a centralized exchange if you prefer that option. It doesn’t accept fiat currencies, such as USD cash deposits from a bank account. But you can directly purchase crypto using fiat currencies in the app.
Exodus and Coinbase fee structures are difficult to compare, so we explored the total cost of trading on each platform and how prices may vary by use case. Finally, we examined security measures, ease of use, and accessibility to see how the platforms differed. Exodus supports Binance Coin (BNB), PAX Gold (PAXG), adToken (ADT), and Ripple (XRP). Again, Exodus doesn’t support fiat currency deposits, but you can buy crypto using fiat currency in the app.
Exodus vs. Coinbase: Currencies
It supports peer-to-peer (P2P) trading in the form of a decentralized exchange, but it also connects you to a centralized exchange if you prefer to buy crypto there. The crypto platforms differ in their approach to fees and features. Both Exodus and Coinbase let users purchase cryptocurrencies. Coinbase serves as a brokerage and offers advanced trading options such as margin trading on the Coinbase Pro platform. As a broker, Coinbase oversees transactions and charges fees to earn money.
It’s definitely more complicated to use than Coinbase. Bitcoin ATMs are another option for purchasing some Bitcoin. But it’s important to note that Coinbase also offers a standalone Coinbase Wallet. It’s a non-custodial wallet that gives you control over your assets and provides extra protection against a hack on the Coinbase site. The Exodus Wallet is safer than the Coinbase web wallet because the user holds their private keys and maintains complete control over their assets.