This article includes a short and detailed review of Binance Fees vs Coinbase Fees reddit comparison . Binance and Coinbase are largest cryptocurrency exchnages with their own set of unique features. They both give users access to buy, sell, and trade cryptocurrency.
Binance is founded in 2017 by Changpeng Zhao, a relative newcomer to the cryptocurrency space.It is the most robust platform (technically an exchange) and is aimed at more advanced traders. Although the Binance platform is user-friendly and offers three levels organized according to trading experience. It has quickly grown to be the largest exchange in the world, by volume, and offers users access to hundreds of cryptocurrencies.
Coinbase is more user-friendly and does well filling the needs of most investors. It was one of the earliest crypto exchanges on the market, started in 2012 by Brian Armstrong and Fred Ehrsam. It has a simple interface and limited transaction types. It is a U.S.-based, regulated exchange that offers access to some of the top cryptocurrencies .
We will discuss about all of the main features, various transaction types, fees and more. It’s important to use the platform that is right for you. Once you decide which one fits your needs, we encourage you to sign up using one of our referral links to gain rewards.
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Binance Vs Coinbase
0.02% to 0.10% purchase and trading fees, 3% to 4.5% for debit card purchases, or $15 per U.S. wire transfer
0.50% per trade, 3.99% for credit card purchases, 1.49% for Coinbase wallet or bank account purchases, and wire transfers are $10 for deposit and $25 for withdrawal
Comprehensive charting options,Multiple trading interfaces; Multiple order types, including derivatives and futures; API keys; Low per-trade fees
Simple beginner-friendly interface offering basic transactions; Buy, sell, and exchange , a digital wallet, and withdrawals to PayPal
Over 500 for global traders and 52 available for U.S. investors
2FA verification, FDIC-insured USD balances, device management, address whitelisting, cold storage
2FA verification, insurance for hot storage if Coinbase is breached, biometric fingerprint logins, cold storage, FDIC-insured USD balances, AES-256 encryption for digital wallets
Types of transactions supported
Buy, sell, trade, deposit, withdraw; Stop order; Limit order; Margin, options, and futures trading, market order, stop-limit order, trailing stop order, post only order, peer-to-peer trading
Buy, sell, send, receive, and exchange