![]() The only difference is that Coinbase charges a $10 fee per transaction if you want to deposit funds using a bank account.Ĭoinbase also charges high fees when it comes to transferring funds out of your account. The fee structure at both sites is similar, with 0.25% commission on trades being charged whenever you buy or sell cryptocurrencies at each site. While this may sound like a significant difference between Binance and Coinbase, it’s important to keep in mind that both of these exchanges have different offerings than each other as well and may have other benefits or drawbacks that you should consider before choosing one over the other (for example, if you want to use Bitcoin Cash instead of Ethereum). For example, Binance charges a 0.1% fee for all trades made on its platform, whereas Coinbase does not charge any fees for deposits but does charge 1% for all withdrawals. One of the most important factors to consider when comparing Binance vs Coinbase is their respective fee structures. Binance vs Coinbase: Which has lower fees? To help you decide which platform is right for your needs, we’ve broken down the major differences between Binance and Coinbase in this article. While there are many similarities between these two exchanges, they also have some important differences. Both exchanges allow users to buy, sell and trade cryptocurrencies. Pro Account – This type of account allows you to trade BTC, ETH and BCH against fiat currencies like USD.īinance and Coinbase are two of the most popular cryptocurrency exchanges in existence today.Basic accounts have withdrawal limits of $10,000 per day but do not allow margin trading or advanced order types such as limit orders.īasic accounts are free to open and there are no transaction fees when buying or selling cryptocurrencies however, there may be fees associated with withdrawing funds to an external wallet address outside of Coinbase Pro. Basic Account – This type of account allows you to trade Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH).Users can access their accounts from any computer or mobile device via the Coinbase Pro website or iOS app.Ĭoinbase Pro offers two types of trading accounts: It operates in more than 30 countries around the world, including most of Europe, North America, Asia and Australia. The exchange offers a variety of coins and tokens for purchasing, selling and trading with fiat currency, such as USD and EUR.Ĭoinbase Pro is a crypto-only exchange that does not support fiat currencies like USD or EUR. Fee Structure: Binance charges 0.1% trading fees while Coinbase charges 1%.Ī Coinbase account is needed to use Coinbase Pro, the platform’s professional trading platform.Coin Listings: Binance offers over 500 coins while Coinbase only lists four: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH).Coinbase also offers 2FA but does not offer SMS verification as an option. Security: Binance has implemented two-factor authentication (2FA) as well as an SMS verification feature to ensure that your account is secure at all times.However, Binance offers more than just these three currencies it also supports JPY (Japanese Yen), HKD (Hong Kong Dollar), KRW (Korean Won) and XRP (Ripple). Fiat Support: Both Binance and Coinbase have fiat support for USD, GBP and EUR.The platform has grown rapidly since its inception in 2017 and now has over 10 million users worldwide.īinance offers many of the same features as Coinbase but with a few key differences: ![]() The company was founded by Changpeng Zhao, who wanted to create a world-class crypto trading platform. These fees vary depending on the type of order you place for buying or selling cryptocurrencies (more on this below).īinance is a cryptocurrency exchange based in Malta. ![]() The fee structure at both exchanges is pretty similar: You pay a small fee for every transaction you make on either platform. Here’s what you need to know about each exchange:Ĭoinbase and Binance are both centralized cryptocurrency exchanges, which means they allow you to trade fiat currency like USD or EUR into crypto coins such as Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Bitcoin Cash (BCH), and more.īinance is based in Hong Kong while Coinbase is based in San Francisco hence why they differ on some things like fees and minimum deposit amounts.īoth exchanges have mobile apps for iOS and Android so you can trade on the go, but only Coinbase has a web app for people who don’t want to download a mobile app or install extensions on their browsers. Coinbase and Binance are both cryptocurrency exchanges that allow you to buy, sell, and trade cryptocurrencies. ![]()
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