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Personal Finance · head to head

Coinbase vs Wise Business

Coinbase logo

Coinbase

Personal Finance

Buy, sell, and trade cryptocurrency with ease

From
Free
Rated
-
Full reviewWebsite
Wise Business logo

Wise Business

Accounting

The smart way to send and receive business payments

From
$29/month
Rated
-
Full reviewWebsite

The short version

  • Only Coinbase has a free tier, so it costs nothing to try first.
  • Each has a real cost: Coinbase the App Store listing states standard Coinbase trades carry fees and that a paid Coinbase One subscription is needed for zero trading fees and boosted staking rewards, and that fractional stock shares start at $1.; Wise Business opening a Wise Business account in the UK carries a one off setup fee of 50 GBP
  • They diverge on capability: Coinbase covers Cryptocurrency Trading, Wise Business covers Multi-currency accounts.

Where they differ

Only the attributes on which Coinbase and Wise Business actually diverge.

Attributes where Coinbase and Wise Business differ
AttributeCoinbaseWise Business
Starting priceFree$29/month
Pricing modelfreemiumusage-based
Free tierYesNo
PlatformsWeb, Ios, AndroidWeb, Ios, Android, Api
CategoryPersonal FinanceAccounting
Founded20122011

Identical on both: user rating (Not yet rated).

What each one covers

Drawn from each product's published feature list. An absence here means we hold no record of it - not that the product lacks it.

Only in Coinbase

  • Cryptocurrency Trading
  • Staking
  • Coinbase Wallet
  • Coinbase Card
  • Bank transfers
  • PayPal
  • Apple Pay

Only in Wise Business

  • Multi-currency accounts
  • International transfers
  • Batch payments
  • API access
  • Team management
  • Xero
  • QuickBooks
  • Various

Both cover

  • Web support
  • Ios support
  • Android support

What people use each for

The jobs each tool is most often brought in to do.

Coinbase

  • Exchangesnot Wise Business
  • Tradingnot Wise Business
  • Walletsnot Wise Business

Wise Business

  • Holding and converting multiple currencies as a businessnot Coinbase
  • Paying international suppliers and contractors at the mid market ratenot Coinbase
  • Receiving payments into local currency account details in several countriesnot Coinbase

Where each one falls short

Documented limitations, not opinions. Every one is a constraint you would hit in normal use.

Coinbase

  • The App Store listing states standard Coinbase trades carry fees and that a paid Coinbase One subscription is needed for zero trading fees and boosted staking rewards, and that fractional stock shares start at $1.

Wise Business

  • Opening a Wise Business account in the UK carries a one off setup fee of 50 GBP
  • Volume discounts on transfers start only above 20,000 GBP equivalent sent per month

Pricing, plan by plan

Coinbase

Free
  • FreeFree
    • Buy and sell crypto
    • Coinbase Wallet
    • Staking rewards
  • Coinbase One$29.99/month
    • Zero trading fees
    • Priority support
    • Advanced trading tools

Wise Business

$29/month
  • StandardFree
    • Multi-currency account
    • Real exchange rate
    • Batch payments

Which should you pick?

Choose Coinbase if

  • You need cryptocurrency trading.
  • You want to start without paying.
  • You work on Web, Ios, Android.
  • You also want staking.
Coinbase review

Choose Wise Business if

  • You need multi-currency accounts.
  • You work on Web, Ios, Android, Api.
  • You also want international transfers.
Wise Business review

Questions people ask

Is Coinbase or Wise Business better?
Neither clearly leads. Coinbase starts at Free and Wise Business at $29/month, and user ratings are close enough to be indistinguishable. Choose on capability and platform support.
Which is cheaper, Coinbase or Wise Business?
Coinbase has a free tier; the other does not. Paid plans start at Free for Coinbase and $29/month for Wise Business.
Does Coinbase or Wise Business run on more platforms?
Coinbase runs on Web, Ios, Android. Wise Business runs on Web, Ios, Android, Api.
Can I use Coinbase for free?
Yes. Coinbase has a free tier, so you can try it without paying. Wise Business starts at $29/month.
What is Coinbase best used for?
Coinbase is most often used for exchanges, trading, wallets. Of those, exchanges and trading are not what Wise Business is typically brought in for.
What can Coinbase do that Wise Business cannot?
Coinbase covers Cryptocurrency Trading, Staking, Coinbase Wallet, Coinbase Card. Wise Business covers Multi-currency accounts, International transfers, Batch payments, API access. Both handle Web support, Ios support, Android support.

Answered from the vendors’ own pages

Wise Business: How fast are international transfers with Wise Business?

Wise Business offers fast global payments with 70% arriving in 20 seconds and 95% arriving in under 24 hours. You can also pay up to 1,000 contacts in a single batch transfer.

Source
Wise Business: Does Wise Business offer volume discounts?

Yes, volume discounts are available on monthly transfers over 20,000 GBP or equivalent.

Source
Wise Business: How does Wise Business keep funds secure?

Wise customers move over AED60 billion monthly with systems built to keep funds safe. The company runs over 7 million daily fraud checks (80 per second), keeps funds diversified with secure financial institutions, and offers 24/7 customer support.

Source
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