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Home Platforms Coinbase vs Hodlnaut

Compare Coinbase vs Hodlnaut

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Definda Score™

The Definda Score is an impartial, objective analysis of platform features.
Savings Rates
3.5
Loan Rates
2
Established
5.2
Reviews
9
Risk Management
2
Withdrawals
2
Coverage
6.8
Support
9
Savings Rates
7.3
Loan Rates
2
Established
2.8
Reviews
9.5
Risk Management
1
Withdrawals
1
Coverage
2.3
Support
6
Savings Rates
3.5
Savings Rates
7.3
Loan Rates
2
Loan Rates
2
Established
5.2
Established
2.8
Reviews
9
Reviews
9.5
Risk Management
2
Risk Management
1
Withdrawals
2
Withdrawals
1
Coverage
6.8
Coverage
2.3
Support
9
Support
6

Pros & Cons

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 More reviews than Hodlnaut (2,404,187 vs 941 reviews)
tick Been in business longer than Hodlnaut (Founded 2012 vs 2019)
tick Has fewer users than Hodlnaut
tick Has less assets under management than Hodlnaut
tick Fiat exchange available on Coinbase but not on Hodlnaut
tick Instantly buy crypto with fiat on Coinbase but not on Hodlnaut
tick Has 24/7 support but Hodlnaut doesn't
tick Has phone support but Hodlnaut 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 Hodlnaut doesn't
tick Very simple easy to understand interface
tick Interest accrued daily and paid out weekly
tick Enhanced interest rates available for big depositors (over 100 BTC)
tick Excellent reviews
tick Regulated in Singapore
tick Option to insure your deposits
tick Higher average review rating than Coinbase, but based on fewer reviews (95% vs 90%)
tick Higher rating for android phone app than Coinbase (4.6 vs 4.1 stars)
tick Higher rating on Trustpilot than Coinbase (4.8 vs 1.6 stars)
tick Has email support but Coinbase doesn't
Savings Rates
tick Coinbase has a higher base saving rate for Dai (DAI) (2.83% vs 0.25%)
tick Coinbase has a higher base saving rate for Ethereum (ETH) (4.5% vs 2%)
2 more savings rates pros ...
Savings Rates
tick Hodlnaut will pay interest on 2 stable coin deposits not offered by Coinbase:
tick Hodlnaut will pay interest on 3 crypto currency deposits not offered by Coinbase:
1 more savings rates pro ...
cross Limited number of coins supported
cross Loans not available for regular users.
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Withdrawals

Withdrawal Time
Withdrawal Time
1 hour
Withdrawal Score
2
Withdrawal Score
1
Withdrawals Experience

Withdrawals Experience

ON 8 AUGUST 2022, HODLNAUT FROZE ALL DEPOSITS AND WITHDRAWALS. Hodlnaut should be avoid until this situation is resolved.

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Risk

Risk Management Score
2
Risk Management Score
1
Risk Management

.

Risk Management

Hodlnaut make strong claims about sensible risk management policies they have adopted, including being very selective about who they lend to. They even state that should an unrecoverable loss occur, then investors will be reimbursed out of shareholder equity. They also engaged Crowe Singapore to audit and attest that Hodlnaut holds the tokens that it says it does, although the last audit that we could find was carried out in May 2021.

Unfortunately, it has since transpired that risk management was not as robust as they claimed it to be. In August 2022, liquidity issues forced the platform halt all withdrawals and deposits. We have to hope that the platform is able to successfully restructure.

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Reviews

90% based on 2,404,187 reviews
95% based on 941 reviews
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Savings Rates

The table below compares the savings rates for Coinbase and Hodlnaut. Enter the amount you intend to deposit to get a more detailed comparison.
Stable Coins
DAI Dai
2.83% APY
2.83% 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
4.63% APY
4.63% APY
Loading rates ...
Stable Coins
DAI Dai
0.25% - 5.75% APR
0.25% - 5.75% APR
USDC USD Coin
0.5% - 7% APR
0.5% - 7% APR
USDT Tether
0.5% - 7% APR
0.5% - 7% APR
Crypto Currencies
BTC Bitcoin
1.6% - 4% APR
1.6% - 4% APR
ETH Ethereum
2% - 4.5% APR
2% - 4.5% APR
PAXG PAX Gold
1.2% APR
1.2% APR
1.6% - 4% APR
1.6% - 4% APR
Loading rates ...
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Loans Rates

The table below compares the loan rates for Coinbase and Hodlnaut. Enter the amount you intend to borrow to get a more detailed comparison.
No loan rates found
Loading rates ...
No loan rates found
Loading rates ...
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Company

Legal name
Coinbase Global Inc
Legal name
Hodlnaut Pte. Ltd
Year founded
2012
Year founded
2019
Country incorporated in
2
Country incorporated in
206
Headquarters country
2
Headquarters country
206
Platform token
USD Coin
Platform token
Centralised
tick Yes
Centralised
tick Yes
Number of employees
4100
Number of employees
11-50
Number of users
73,000,000
Number of users
10,000
Total assets under management
$5,860,000,000USD
Total assets under management
$500,000,000USD
Withdrawal time in hours
Withdrawal time in hours
1hours
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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
tick Yes
Fiat to crypto exchange
cross No
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
Corporate accounts
tick Yes
Corporate accounts
tick Yes
Instantly buy crypto with fiat
tick Yes
Instantly buy crypto with fiat
cross No
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
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Security

Insurance level
Insurance level
$44,000,000USD
Cold storage
tick Yes
Cold storage
tick Yes
Cold storage custodian
Cold storage custodian
BitGo, Fireblocks
Two factor authentication
tick Yes
Two factor authentication
tick Yes
Credit check
cross No
Credit check
cross No
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Support

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

Exchange fees
Exchange fees
0% exchange fees
Fiat deposit fee
tick Free
Fiat deposit fee
Fiat deposits not accepted
Fiat withdrawal fee
tick Free
Fiat withdrawal fee
Fiat withdrawls not accepted
Crypto deposit fee
tick Free
Crypto deposit fee
tick Free
Withdrawal process
Withdrawal process
On 8 August 2022 Hodlnaut froze all withdrawals.
Withdrawal time
Withdrawal time
1 hours
Crypto withdrawal fee
tick Free
Crypto withdrawal fee
1 free crypto withdrawl per month, Bitcoin 0.0004BTC, DAI 10 DAI, Ethereum 0.0036 ETH, USD Coin 10 USDC, Tether 10 USDT
Crypto wallet withdrawal limit
Crypto wallet withdrawal limit
100BTC per day
Savings crypto account withdrawal limit
Savings crypto account withdrawal limit
100 BTC per 24 hours
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Investment Strategy

DeFi products
DeFi products
tick Yes
Independent proof of reserves
Independent proof of reserves
cross No
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Registrations & Regulation

Know your customer
tick Yes
Know your customer
tick Yes
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.
Regulators
Hodlnaut is in the process of applying for approval under the Payment Services Act in Singapore
Connecticut - Money Transmitter License
tick Yes
Connecticut - Money Transmitter License
Georgia - Seller of Payment Instructions
tick Yes
Georgia - Seller of Payment Instructions
Idaho - Department of Finance - Money Transmitter License
tick Yes
Idaho - Department of Finance - Money Transmitter License
Illinois - Department of Financial and Professional Regulation - Money Transmitter License
tick Yes
Illinois - Department of Financial and Professional Regulation - Money Transmitter License
Kansas - Office of the State Bank Commissioner - Money Transmitter License
tick Yes
Kansas - Office of the State Bank Commissioner - Money Transmitter License
Maryland - Money Transmitter License
tick Yes
Maryland - Money Transmitter License
Minnesota - Department of Commerce - Money Transmitter License
tick Yes
Minnesota - Department of Commerce - Money Transmitter License
North Carolina - Money Transmitter License
tick Yes
North Carolina - Money Transmitter License
Nebraska - Money Transmitter License
tick Yes
Nebraska - Money Transmitter License
New Hampshire - Banking Department - Money Transmitter License
tick Yes
New Hampshire - Banking Department - Money Transmitter License
New Jersey - Money Transmitter License
tick Yes
New Jersey - Money Transmitter License
Ohio - Money Transmitter License
tick Yes
Ohio - Money Transmitter License
Oregon - Division of Financial Regulation - Money Transmitter License
tick Yes
Oregon - Division of Financial Regulation - Money Transmitter License
Puerto Rico - Money Transmitter License
tick Yes
Puerto Rico - Money Transmitter License
South Carolina - Money Transmitter License
tick Yes
South Carolina - Money Transmitter License
Tennessee - Money Transmitter License
tick Yes
Tennessee - Money Transmitter License
Washington - Money Transmitter License
tick Yes
Washington - Money Transmitter License
Mississippi - Department of Banking and Consumer Finance - Money Transmitter License
tick Yes
Mississippi - Department of Banking and Consumer Finance - Money Transmitter License
Alabama - Sale of Checks License
tick Yes
Alabama - Sale of Checks License
Alaska - Money Transmitter License
tick Yes
Alaska - Money Transmitter License
Arizona - Money Transmitter
tick Yes
Arizona - Money Transmitter
Arkansas - Money Transmission License
tick Yes
Arkansas - Money Transmission License
Delaware - Sale of Checks and Transmission of Money
tick Yes
Delaware - Sale of Checks and Transmission of Money
District of Columbia - Money Transmitter License
tick Yes
District of Columbia - Money Transmitter License
Florida - Money Transmitters Part II
tick Yes
Florida - Money Transmitters Part II
Iowa - Money Services License
tick Yes
Iowa - Money Services License
Louisiana - Money Transmitter License
tick Yes
Louisiana - Money Transmitter License
Maine - Money Transmitter License
tick Yes
Maine - Money Transmitter License
Michigan - Money Transmitter License
tick Yes
Michigan - Money Transmitter License
New Mexico - Money Transmission License
tick Yes
New Mexico - Money Transmission License
Oklahoma - DOB Money Transmission License
tick Yes
Oklahoma - DOB Money Transmission License
South Dakota - Money Transmitter License
tick Yes
South Dakota - Money Transmitter License
Texas - DOB Money Transmitter License
tick Yes
Texas - DOB Money Transmitter License
West Virginia - Money Transmitter License
tick Yes
West Virginia - Money Transmitter License
Colorado - Money Transmission License
tick Yes
Colorado - Money Transmission License
Kentucky - Money Transmission License
tick Yes
Kentucky - Money Transmission License
Nevada - Money Transmitter
tick Yes
Nevada - Money Transmitter
New York - Money Transmission License
tick Yes
New York - Money Transmission License
New York - Virtual Currency License
tick Yes
New York - Virtual Currency License
Pennsylvania - Money Transmitter License
tick Yes
Pennsylvania - Money Transmitter License
Rhode Island - Electronic Money Transfers
tick Yes
Rhode Island - Electronic Money Transfers
Rhode Island - Sales of Checks
tick Yes
Rhode Island - Sales of Checks
Vermont - Money Transmitter
tick Yes
Vermont - Money Transmitter
Virginia - Money Transmitter License
tick Yes
Virginia - Money Transmitter License
Singapore Fintech Association
Singapore Fintech Association
tick Yes
Payment Services Act 2020
Payment Services Act 2020
tick Yes
Major Payment Institution License - Monetary Authority of Singapore (MAS) under the Payment Services
Major Payment Institution License - Monetary Authority of Singapore (MAS) under the Payment Services
tick Yes
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Other Platform Comparisons

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.

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