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Home Platforms AAVE vs Coinbase

Compare AAVE vs Coinbase

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Pros & Cons

tick Very low loan rates available
tick No origination or early redemption fees
tick Interest accrued every second
tick Savings interest payments remain attached to coin even if transferred off platform
tick Fully open source platform
tick One of the largest crypto loan platforms
tick $1,589,388,965 USD currently invested (TVL)
tick Higher rating on Trustpilot than Coinbase (2.5 vs 1.5 stars)
tick AAVE is decentralised, but Coinbase is not
tick Has less assets under management than Coinbase
tick Know your customer checks are required on AAVE but not on Coinbase
tick Has email support but Coinbase doesn't
tick The largest crypto exchange in the US
tick Simple, easy to understand interface
tick Fully regulated in the US
tick Earn crypto for watching educational videos
tick Higher average review rating than AAVE (94% vs 67%)
tick More reviews than AAVE (1,702,124 vs 9 reviews)
tick Been in business longer than AAVE (Founded 2012 vs 2017)
tick Fiat exchange available on Coinbase but not on AAVE
tick Instantly buy crypto with fiat on Coinbase but not on AAVE
tick Coinbase uses cold storage crypto wallets but AAVE does not
tick Coinbase uses two factor authentication but AAVE does not
tick Has 24/7 support but AAVE doesn't
tick Has phone support but AAVE doesn't
tick Has chat support but AAVE doesn't
tick Interface supports French, Argentinian-Spanish, Turkish, Polish, Brazilian-Portuguese, Portuguese-Portuguese, Spanish, Simplified Chinese, Russian, German, Italian, Mexican Spanish, Thai, Chilean Spanish, Peruvian Spanish and Colombian Spanish whereas AAVE doesn't
Staking Rates
tick AAVE will pay interest on 5 stable coin deposits not offered by Coinbase:
1 more stakings rates pro ...
Staking Rates
tick Coinbase has a higher base earnings rate for Dai (DAI) (2.8% vs 2.7%)
tick Coinbase has a higher base earnings rate for Ethereum (ETH) (4.5%)
2 more stakings rates pros ...
cross Interface is a bit complex and confusing for amateur users
cross Transaction (gas) fees on the Ethereum network can be high, but AAVE does support a number of much cheaper Ethereum sidechains including Polygon and Avalanche
cross Investments in liquidity pools can be higher risk
cross Liquidity pool investments are only suitable for advanced crypto users
cross Investments in liquidity pools can be higher risk
cross Liquidity pool investments are only suitable for advanced crypto users
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Reviews

67% based on 9 reviews
94% based on 1,702,124 reviews
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Staking Rates

The table below compares the staking rates for AAVE and Coinbase. Enter the amount you intend to deposit to get a more detailed comparison.
DeFi
Stable Coins
DAI Dai
2.7% APY
2.7% APY
FEI Fei USD
0.0227% APY
0.0227% APY
FRAX Frax
2.5% APY
2.5% APY
TUSD TrueUSD
16% APY
16% APY
USDC USD Coin
0.26% APY
0.26% APY
USDT Tether
0.722% APY
0.722% APY
Crypto Currencies
AMPL Ampleforth
1.6% APY
1.6% APY
BAL Balancer
4.9% APY
4.9% APY
0.202% APY
0.202% APY
ETH Ethereum
%
%
0.0111% APY
0.0111% APY
LINK Chainlink
0.208% APY
0.208% APY
0.11% APY
0.11% APY
MKR Maker
0.00262% APY
0.00262% APY
UNI Uniswap
0.00182% APY
0.00182% APY
0.0154% APY
0.0154% APY
XSUSHI xSUSHI
%
%
0.00625% APY
0.00625% APY
Loading rates ...
Stable Coins
DAI Dai
2.8% APY
2.8% APY
Crypto Currencies
ALGO Algorand
4% APY
4% APY
ATOM Cosmos
5% APY
5% APY
ETH Ethereum
4.5% APY
4.5% APY
XTZ Tezos
4.6% APY
4.6% APY
Loading rates ...
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Company

Legal name
Aave SAGL
Legal name
Coinbase Global Inc
Year founded
2017
Year founded
2012
Country incorporated in
222
Country incorporated in
2
Headquarters country
1
Headquarters country
2
Platform token
Aave
Platform token
USD Coin
Decentralised
tick Yes
Decentralised
cross No
Open source
tick Yes
Open source
Number of employees
50-100
Number of employees
4100
Number of users
Number of users
73,000,000
Total assets under management
$18,000,000,000USD
Total assets under management
$5,860,000,000USD
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Products

Savings accounts
tick Yes
Savings accounts
tick Yes
Loans
tick Yes
Loans
tick Yes
Crypto to crypto exchange
tick Yes
Crypto to crypto exchange
tick Yes
Fiat to crypto exchange
cross No
Fiat to crypto exchange
tick Yes
Pro exchange marketplace
cross No
Pro exchange marketplace
cross No
Peer to peer exchange
cross No
Peer to peer exchange
cross No
Margin trading
cross No
Margin trading
cross No
Corporate accounts
tick Yes
Corporate accounts
tick Yes
Instantly buy crypto with fiat
cross No
Instantly buy crypto with fiat
tick Yes
Integrated crypto wallet
tick Yes
Integrated crypto wallet
tick Yes
Crypto withdrawals to private wallet
tick Yes
Crypto withdrawals to private wallet
tick Yes
Fast account verification
tick Yes
Fast account verification
tick Yes
Futures exchange
cross No
Futures exchange
cross No
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Security

Cold storage
cross No
Cold storage
tick Yes
Two factor authentication
cross No
Two factor authentication
tick Yes
Credit check
cross No
Credit check
cross No
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Support

24/7 support
cross No
24/7 support
tick Yes
Email support
tick Yes
Email support
cross No
Phone support
cross No
Phone support
tick Yes
Chat support
cross No
Chat support
tick Yes
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Fees

Exchange fees
0% exchange fees
Exchange fees
Fiat deposit fee
Fiat deposit fee
tick Free
Fiat withdrawal fee
Fiat withdrawal fee
tick Free
Crypto deposit fee
0
Crypto deposit fee
tick Free
Withdrawal process
The AAVE platform is fully decentralised and all deposits and withdrawls are handled completely automatically. This means withdrawls are very fast, and simply depend on the speed of the Ethereum network or side chain. There are no records of AAVE withdrawls being halted or frozen.
Withdrawal process
Crypto withdrawal fee
0
Crypto withdrawal fee
tick Free
Savings crypto account withdrawal limit
Unlimited
Savings crypto account withdrawal limit
Loan crypto account withdrawal limit
Unlimited
Loan crypto account withdrawal limit
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Investment Strategy

Liquidity pools
tick Yes
Liquidity pools
DeFi products
tick Yes
DeFi products
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Registrations & Regulation

Know your customer
cross No
Know your customer
tick Yes
Regulators
Regulated in the UK by the Financial Conduct Authority
Regulators
Coinbase is licensed in most US jurisdictions, is registered as a money services business with FinCEN and is regulated by the FCA in the UK.
Financial Conduct Authority
tick Yes
Financial Conduct Authority
Connecticut - Money Transmitter License
Connecticut - Money Transmitter License
tick Yes
Georgia - Seller of Payment Instructions
Georgia - Seller of Payment Instructions
tick Yes
Idaho - Department of Finance - Money Transmitter License
Idaho - Department of Finance - Money Transmitter License
tick Yes
Illinois - Department of Financial and Professional Regulation - Money Transmitter License
Illinois - Department of Financial and Professional Regulation - Money Transmitter License
tick Yes
Kansas - Office of the State Bank Commissioner - Money Transmitter License
Kansas - Office of the State Bank Commissioner - Money Transmitter License
tick Yes
Maryland - Money Transmitter License
Maryland - Money Transmitter License
tick Yes
Minnesota - Department of Commerce - Money Transmitter License
Minnesota - Department of Commerce - Money Transmitter License
tick Yes
North Carolina - Money Transmitter License
North Carolina - Money Transmitter License
tick Yes
Nebraska - Money Transmitter License
Nebraska - Money Transmitter License
tick Yes
New Hampshire - Banking Department - Money Transmitter License
New Hampshire - Banking Department - Money Transmitter License
tick Yes
New Jersey - Money Transmitter License
New Jersey - Money Transmitter License
tick Yes
Ohio - Money Transmitter License
Ohio - Money Transmitter License
tick Yes
Oregon - Division of Financial Regulation - Money Transmitter License
Oregon - Division of Financial Regulation - Money Transmitter License
tick Yes
Puerto Rico - Money Transmitter License
Puerto Rico - Money Transmitter License
tick Yes
South Carolina - Money Transmitter License
South Carolina - Money Transmitter License
tick Yes
Tennessee - Money Transmitter License
Tennessee - Money Transmitter License
tick Yes
Washington - Money Transmitter License
Washington - Money Transmitter License
tick Yes
Mississippi - Department of Banking and Consumer Finance - Money Transmitter License
Mississippi - Department of Banking and Consumer Finance - Money Transmitter License
tick Yes
Alabama - Sale of Checks License
Alabama - Sale of Checks License
tick Yes
Alaska - Money Transmitter License
Alaska - Money Transmitter License
tick Yes
Arizona - Money Transmitter
Arizona - Money Transmitter
tick Yes
Arkansas - Money Transmission License
Arkansas - Money Transmission License
tick Yes
Delaware - Sale of Checks and Transmission of Money
Delaware - Sale of Checks and Transmission of Money
tick Yes
District of Columbia - Money Transmitter License
District of Columbia - Money Transmitter License
tick Yes
Florida - Money Transmitters Part II
Florida - Money Transmitters Part II
tick Yes
Iowa - Money Services License
Iowa - Money Services License
tick Yes
Louisiana - Money Transmitter License
Louisiana - Money Transmitter License
tick Yes
Maine - Money Transmitter License
Maine - Money Transmitter License
tick Yes
Michigan - Money Transmitter License
Michigan - Money Transmitter License
tick Yes
New Mexico - Money Transmission License
New Mexico - Money Transmission License
tick Yes
Oklahoma - DOB Money Transmission License
Oklahoma - DOB Money Transmission License
tick Yes
South Dakota - Money Transmitter License
South Dakota - Money Transmitter License
tick Yes
Texas - DOB Money Transmitter License
Texas - DOB Money Transmitter License
tick Yes
West Virginia - Money Transmitter License
West Virginia - Money Transmitter License
tick Yes
Colorado - Money Transmission License
Colorado - Money Transmission License
tick Yes
Kentucky - Money Transmission License
Kentucky - Money Transmission License
tick Yes
Nevada - Money Transmitter
Nevada - Money Transmitter
tick Yes
New York - Money Transmission License
New York - Money Transmission License
tick Yes
New York - Virtual Currency License
New York - Virtual Currency License
tick Yes
Pennsylvania - Money Transmitter License
Pennsylvania - Money Transmitter License
tick Yes
Rhode Island - Electronic Money Transfers
Rhode Island - Electronic Money Transfers
tick Yes
Rhode Island - Sales of Checks
Rhode Island - Sales of Checks
tick Yes
Vermont - Money Transmitter
Vermont - Money Transmitter
tick Yes
Virginia - Money Transmitter License
Virginia - Money Transmitter License
tick Yes
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Important Message Definda does not provide any financial advice. All information is provided for research purposes only. DeFi is a rapidly evolving industry. Most businesses in the sector are very young and it is possible that some of them could go out of business in the future. Such an event could result in the loss of your investment. You should do your own research or consult a financial advisor before investing any money. Please read and satisfy yourself with our terms before continuing to use our website. We offer a free impartial comparison service of savings, loans and other DeFi products. We may receive a small commission from some of the companies listed, but this never influences our rankings. If you spot any errors in the information listed then please contact us at info@definda.com.

Why Compare With Definda?

tick Completely Impartial

We always rank and compare products objectively and impartially.

tick Careful Research

We carefully research products for legitimacy before adding them to the platform.

tick We Never Sell Your Data

We never sell or disclose your data to anyone.

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