It's been a wild ride for cryptocurrency this year. Prices have surged and plunged, with no indication of slowing down any time soon. If you're looking to get in on the action, you'll need to choose a cryptocurrency exchange. But how do you know which one is right for you? This article will compare two of the most popular exchanges in Australia: Digital Surge and Coinbase. So read on to find out who comes out on top!

Digital Surge vs Coinbase: A Brief Overview

Coinbase is on the frontlines of the cryptocurrency craze. The popular cryptocurrency exchange was founded in 2012 and has been on the receiving end of investor interest amid the current frenzy surrounding bitcoin and other digital currencies. Coinbase's user base has surged, with the company now boasting more than 89 million users and close to 9 million active users per month.

Digital Surge is a relative newcomer to the cryptocurrency exchange scene, having launched in late 2017. However, the company has made a big splash, thanks in part to its low fees and user-friendly platform. Digital Surge currently supports over 300+ different cryptocurrencies and has seen significant growth since its inception.

Check out our comparison of Digital Surge and Coinbase to see which platform better suits your needs.

Digital Surge vs Coinbase:
Comparison Table

Header

Coins

300+

160+

Trading Fee

0.5%

0.5%

Deposit Fee

PayID: Free; POLi: $2 - $3.30

3.99%

Withdraw Fee

Free

No AUD withdrawals

Payment Options

POLi, Bank transfer, PayID

Debit card

Pros

- User-friendly platform

- Low fees and spreads

- Over 300+ coins supported

- Offers crypto insurance

- Easy for beginners to use

- Supports 160+ coins

Cons

- Only accepts AUD

- No debit card deposits

- High deposit and trading fees

- Cannot sell crypto or withdraw AUD from the exchange

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(Swipe across screen to see full table)

Header

Coins

300+

160+

Trading Fee

0.5%

0.5%

Deposit Fee

PayID: Free; POLi: $2 - $3.30

3.99%

Withdraw Fee

Free

No AUD withdrawals

Payment Options

POLi, PayID, Bank transfer

Debit card

Pros

- User-friendly platform

- Low fees and spreads

- Over 300+ coins supported

- Offers crypto insurance

- Easy for beginners to use

- Supports 160+ coins

Cons

- Only accepts AUD

- No debit card deposits

- High deposit and trading fees

- Cannot sell crypto or withdraw AUD from the exchange

Cell

Digital Surge Pros & Cons

Pros

  • Supports over 300+ different cryptocurrencies
  • Very low fees and spreads
  • User-friendly platform and mobile app
  • Various deposit methods

Cons

  • Only supports AUD
  • No debit card deposits

Coinbase Pros & Cons

Pros

  • Funds stored on Coinbase are insured against any losses or hacks
  • Platform is easy to use and navigate
  • High levels of security

Cons

  • Fees are high compared to other exchanges
  • Doesn't allow sale of crypto in Australia
  • Cannot withdraw AUD from the platform

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Digital Surge vs Coinbase Features

Digital Surge is a great way to get started with cryptocurrency investing. It's easy, intuitive, and safe - making it the perfect choice for beginners! With over 300 different coins available, it's no wonder that the Australia-based company has become one of the best crypto exchanges for traders of all levels. You can access your account from anywhere through the mobile app or site. A live chat and email correspondence are available 24/7 for customer support.

Coinbase is a popular cryptocurrency exchange that offers many features to make trading fast and convenient. It currently supports over 160 cryptocurrencies and offers a separate wallet for storing your crypto coins. Its secure, easy, and fast sign-up process makes it a favourite among traders worldwide. Coinbase also has high-level security measures in place to keep your investment safe, as well as an insurance policy that protects users against any lost or hacked funds. The downside with Coinbase in Australia is the restriction on crypto sales. There is no way to sell your crypto and therefore no way to withdraw AUD or profit from your crypto gains.

Features: Digital Surge wins the section on features, because it has a very basic feature that is lacking in Coinbase, that is the sale of crypto, and withdrawing AUD from the platform. Coinbase is built for a US market, and therefore it is not especially suited for Australians. You cannot sell your crypto nor can you withdraw AUD from Coinbase.

Digital Surge vs Coinbase Fees

Fiat deposits through PayID or by depositing cryptocurrencies are free on Digital Surge, but depositing through POLi will cost you at least $2. There are no fees for withdrawing through your bank account, and buying and selling cryptocurrencies costs up to 0.5% for each transaction. The spreads on Digital Surge are also very low, as seen in this comprehensive test on fees and spreads in Australia.

Coinbase's pricing is significantly higher than Digital Surge and by far the most expensive transaction fees compared to other exchanges.  In Australia, when you want to purchase crypto, you have to pay 3.99% debit card fee on top of the 0.5% transaction fee, which is a total of 4.49%. There are no AUD withdrawals allowed on Coinbase in Australia.

Fees: Digital Surge wins the fees section; not only do they have much lower deposit and crypto purchasing fees, but they also have lower spreads.

Number of Cryptocurrencies

Digital Surge has over 300+ different cryptocurrencies.

Coinbase has 160+ cryptocurrency options.

Number of cryptocurrencies: Digital Surge offers a much greater range of cryptocurrencies, with 300+ options compared to Coinbase's 160+.

Deposit Methods

Digital Surge offers PayID, bank transfer and POLi.

Coinbase accepts Debit cards only.

Deposit methods: Digital Surge wins as it offers more deposit methods than Coinbase.

Digital Surge vs Coinbase Security

Digital Surge has implemented some highly sophisticated measures to protect your funds from being misused or accessed without permission

For starters, all passwords are hashed and salted before being stored in a secure database. Two-step verification is also required for withdrawals, which means that only you can release those holdings into global circulation by making transactions at will.

Digital Surge prides itself in offering an easy experience for users everywhere by running all traffic through encrypted SSL connections, which protect against snooping attempts while also protecting sensitive data like passwords.

In addition, there are regular reviews with industry-leading third-party providers such as penetration testers or firewall engineers to review and update security systems.

This exchange also uses hot and cold storage wallets for optimal security and functionality.

Coinbase also takes security seriously. They employ offline cold storage of 98% of cryptocurrencies and multilayered protection for your crypto-assets. The safety of your details is also guaranteed with biometric logins, Two-factor authentication (2FA), and data encryption for all your sensitive information like bank account numbers or login credentials. In addition, paper and USB drive backups are distributed around the world in secure safes.

But that's not all: Coinbase also insures your crypto-assets against hacking and theft.

Security: This one is a tie. Both exchanges are committed to keeping your money safe with state-of-the-art security features and highly sophisticated security measures.

Digital Surge vs Coinbase Summary

Digital Surge and Coinbase differ in a few key areas. Firstly, Digital Surge has lower transaction fees and offers more cryptocurrencies (300+), while Coinbase only provides 160+ options. Additionally, Digital Surge outpaces Coinbase with a greater variety of methods available to Australians when it comes to depositing money. The biggest different though, is that Coinbase does not allow the sale of cryptocurrency in Australia, and therefore you cannot withdraw AUD from the platform. Digital Surge is built in Australia, for Australians, and you can easily sell your crypto and withdraw AUD to your bank account free of charge. While Coinbase is very popular in the USA, it is not a recommended choice for Australians.

If you are still trying to decide on a crypto platform, I suggest you read our list of the best crypto exchanges in Australia which can help you make up your mind.

About the Author Andy Carter

Andy Carter is the CEO of Freedom Dividend, where he teaches you about dividend income that can change your life for the better. As a financial expert, Andy explores securities investing (stocks & shares) with an aim to provide a steady flow of income, enough to sustain you in your life.

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