<p>An important advantage they have over Coinbase is that they can offer a service to other people than U.S. inhabitants.</p>

<p><code>mtgoxUSD</code> may be by far MtGox's largest market, but don't forget that <code>mtgoxEUR</code> and <code>mtgoxJPY</code> are still the 5th and 6th largest markets that exist. More trade volume means more robust and stable prices which is a good advantage as trader.</p>

<p>I'm not familiar with Kraken, so I can't speak for that.</p>

<p>Also, Coinbase does not support <strong><a href="http://www.investopedia.com/terms/l/limitorder.asp" rel="nofollow">limit orders</a></strong>. This is <strong>very</strong> important. Read the link or search a little about limit order and you will understand.</p>

CC BY-SA 3.0
2013-12-05T03:25:24.383Z
2014-02-03T23:10:40.160Z
2014-02-03T23:10:40.160Z
Steven Roose
<p>I just verified at Mt. Gox and am pending verification at Kraken.  However, I quickly realized that there were hurdles that I needed to jump through in order to get my USD into BTC.  Coinbase was a much easier alternative. </p>

<p>What advantage do Mt. Gox or Kraken have over Coinbase?  I realize it's quite easy to move BTC into both Mt. Gox and Kraken hosted wallets.</p>

<p>Is it purely anonymity, pricing, or something that I'm missing, like trade execution features?</p>

<mtgox><coinbase.com>
What advantage do Mt.Gox or Kraken have over Coinbase?
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# What advantage do Mt.Gox or Kraken have over Coinbase?

(Asked by: username_0 on 2013-12-05)

I just verified at Mt. Gox and am pending verification at Kraken. However, I quickly realized that there were hurdles that I needed to jump through in order to get my USD into BTC. Coinbase was a much easier alternative.

What advantage do Mt. Gox or Kraken have over Coinbase? I realize it's quite easy to move BTC into both Mt. Gox and Kraken hosted wallets.

Is it purely anonymity, pricing, or something that I'm missing, like trade execution features?

**Tags:** mtgox, coinbase.com


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## 1 answers

### Answer by username_1 on 2013-12-05. Score: 1

An important advantage they have over Coinbase is that they can offer a service to other people than U.S. inhabitants.

`mtgoxUSD` may be by far MtGox's largest market, but don't forget that `mtgoxEUR` and `mtgoxJPY` are still the 5th and 6th largest markets that exist. More trade volume means more robust and stable prices which is a good advantage as trader.

I'm not familiar with Kraken, so I can't speak for that.

Also, Coinbase does not support **[limit orders](http://www.investopedia.com/terms/l/limitorder.asp)**. This is **very** important. Read the link or search a little about limit order and you will understand.


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