Both as bulk material and coatings, cemented carbides currently occupy very well-established market niches and exhibit a promising future thanks to the development of compositions and manufacturing parameters. Direct comparisons of the properties of both are found only very rarely in the literature, very likely because the fields of application are complementary to each other but keep mostly separated. The current work is intended to evaluate similarities and differences in terms of microstructure and properties for two submicron WC-12 wt.%Co coatings obtained by High Velocity Air Fuel (HVAF) and Cold Gas Spray (CGS), together with a conventional sintered part. Microstructural features are discussed according to the inherent characteristics of each processing method. This covers a wide range in terms of the mechanical and thermal stresses acting on the material. While in CGS, the impacting particles do not melt, but experience extremely high plastic strain rates, the cobalt matrix is fully molten in the conventional sintering process, allowing time enough for diffusion processes. HVAF is to be placed in between, since the deposition process is characterized by a moderate heat input, leading to partial and/or full melting of cobalt, followed by rapid cooling. The microstructure and phases of the deposited coatings and bulk are characterized by using Scanning Electron Microscopy (SEM) and X-ray Diffraction (XRD). Electron Backscattered Diffraction (EBSD) investigations enable local phase distribution of Co and WC in the samples. The hardness of the alloy processed by the three different routes is investigated as well. Additionally, electrochemical corrosion measurements in NaCl media are presented to evaluate the facility for electrolyte penetration and how the degradation of the material is affected by its inherent microstructure.