BitPay vs Coinbase: What are the differences?
Developers describe BitPay as "Bitcoin payments, deposited to your bank account". Once received, BitPay converts the bitcoin to your preferred currency and adds the full amount of the payment – without fees – to your next BitPay account settlement. Funds are then deposited to your bank account or bitcoin address. On the other hand, Coinbase is detailed as "Integrate bitcoin payments into your website or application". Coinbase provides a simple and powerful REST API to integrate bitcoin payments into your business or application. We allow all major operations in bitcoin through one API.
BitPay and Coinbase can be primarily classified as "Bitcoin Services" tools.
Some of the features offered by BitPay are:
- Direct Bank Deposit
- Cryptographically Secure API
- Custom Transaction Speed Setting Options
On the other hand, Coinbase provides the following key features:
- Buying and selling bitcoin (exchanging it to your local currency)
- Sending and requesting bitcoin by email or bitcoin address
- Accepting bitcoin payments as a merchant
According to the StackShare community, Coinbase has a broader approval, being mentioned in 8 company stacks & 15 developers stacks; compared to BitPay, which is listed in 4 company stacks and 5 developer stacks.