How to buy crypto on exodus: Exodus vs Coinbase: Which Should You Choose?
You can follow the below steps to choose between Ramp, MoonPay, or Sardine if the option is available. Your information will be saved with Ramp, making future purchases faster and easier. 15 Prepare for verification by positioning yourself in good lighting and having a passport, national ID card, or driver’s license ready. Check the box to agree to the terms and conditions, then tap Continue.
You can read more about How network transaction fees work in our article on the subject. 11 Review your order details on the Order summary screen. Make sure the amount, your BTC address, and your payment method are correct. Exodus is not affiliated with any third-party platforms, external links, or any other third-party resources mentioned in this article.
However, some factors could prevent a payment from going through, which may prevent your crypto from arriving. 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. No additional fees will be tacked on down the line.
But the Exodus apps also integrate with Trezor hardware wallets, giving users additional control over their crypto assets. 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.
Users have total control over their assets and private keys. Exodus supports Binance Coin , PAX Gold , adToken , and Ripple . Again, Exodus doesn’t support fiat currency deposits, but you can buy crypto using fiat currency in the app. 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. The core function of Exodus is users swapping crypto via peer-to-peer trading.
If you’ve gone through the KYC process before and are using the same email address, you will not need to go through the verification process again and will skip to step 15. 11 You will be prompted to verify your identity. If you’ve gone through the KYC process before and are using the same email address, you will not need to go through the verification process again and can skip to step 15. We evaluated each platform based on general and unique features, such as rewards and staking.
8 Select the Card payment method, then tap Proceed. As such, Exodus cannot guarantee the performance of its products/services or that the steps sHown and the information provided will always be accurate. MoonPay is available in over 160 countries and 47 US states. MoonPay has 61 cryptocurrencies available for purchase globally and 29 cryptocurrencies available for purchase in the US. You can buy and sell crypto directly in Exodus!
These include white papers, government data, original reporting, and interviews with industry experts. We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy. Coinbase doesn’t publish many of their fees online. It says that fees will be calculated and sHown at the time of transaction.
How do I buy crypto in Exodus?
Its users hold funds using hot wallet software, and Coinbase is the custodian. But Coinbase investors can transfer funds to the standalone Coinbase wallet for additional control. 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.
In some cases, you have the option to select a third-party fiat API provider. Your information will be saved with Ramp, making your future purchases faster and easier. If you would like to have your data removed, you can contact Ramp’s support team.
All customers regardless of the amount spent are required to provide basic identifying information, including full legal name. If you’ve gone through the KYC process before and are using the same email address, you will not need to go through the verification process again and will skip to step 17. You also have to pay the network transaction fee to send the crypto to your self-custody wallet. Traders instead use the platform to swap cryptocurrencies from their Exodus hot wallet, Trezor Model T, or Trezor One device. This gives users more control over their cryptocurrencies, including the responsibility for security that comes with it. Coinbase is a centralized cryptocurrency brokerage.
It’s app-based, so users must download a desktop or mobile app to use the exchange. This differs from Coinbase, where investors can trade via a web browser or a mobile app. Centralized exchanges can move their customer’s funds around and control which assets are listed on their platforms. This can lead to potential conflicts of interest and a lack of transparency.
Ensure your Exodus wallet is syncing to the blockchain
With MoonPay, you can complete your purchase using a credit or debit card, Apple Pay, Google Pay, or by linking your bank account . 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. Coinbase’s wallet is a custodial wallet, and it manages your private keys.
Both Exodus and Coinbase are very secure, but differences exist due to the nature of their exchanges and wallets. Investing in cryptocurrencies, Decentralized Finance , and other Initial Coin Offerings is highly risky and speculative, and the markets can be extremely volatile. Consult with a qualified professional before making any financial decisions. This article is not a recommendation by Investopedia or the writer to invest in cryptocurrencies, nor can the accuracy or timeliness of the information be guaranteed. 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. All customersare required to provide basic identifying information, including full legal name.
Bank transfer—available in select non-US countries. You can find detailed information on Ramp’s website here. Ramp accepts several forms of payment depending on where you’re located. 5 Enter your email address, click the checkbox to agree to the Terms of Service, then click Proceed.
Exodus vs. Coinbase: Access
Coinbase users must sign up for an account and complete a verification process. Coinbase monitors transactions and secures assets on your behalf. It remains an excellent choice for beginners or people who prefer a traditional brokerage experience. Exodus offers more coins and control over assets. Ramp also includes a network processing fee to cover blockchain transaction costs. This fee profits the miners/validators of that blockchain, not Ramp.
If you need a wallet to buy and sell crypto, you can download Exodus here. Coinbase supports users in more than 100 countries, including all U.S. states except for Hawaii. Coinbase is an entirely closed source so people can’t check the code for vulnerabilities. Exodus uses some open source pieces, but it’s largely a closed source as well.
We’ve reviewed both cryptocurrency exchanges by looking at supported currencies, platform features, fees, and security. We’ve also assessed the mobile applications and each exchange overall for ease of use and accessibility. 11 You will then be prompted to verify your identity. All customers, regardless of the amount spent, are required to provide basic identifying information, including full legal name.