{"id":326271,"date":"2022-04-22T07:22:38","date_gmt":"2022-04-22T11:22:38","guid":{"rendered":"https:\/\/insidebitcoins.com\/?page_id=326271"},"modified":"2024-12-13T13:43:43","modified_gmt":"2024-12-13T13:43:43","slug":"binance-vs-coinbase","status":"publish","type":"page","link":"https:\/\/insidebitcoins.com\/buy-cryptocurrency\/best-crypto-exchanges\/binance-vs-coinbase","title":{"rendered":"Binance vs Coinbase – Crypto Platform Comparison"},"content":{"rendered":"

The two biggest cryptocurrency exchanges used to trade cryptocurrency from anywhere around the planet right now are Binance and Coinbase.<\/p>\n

Brian Armstrong and Fred Ehrsam founded Coinbase in the year 2012, making it one of the initial exchanges on the market. regulated in the United States, it provides users access to several of the most popular cryptocurrencies being traded around today. A simple interface and the option to purchase cryptocurrency using a credit card or a bank account have made Coinbase one of the world’s most popular exchanges.<\/p>\n

Changpeng Zhao, the brains of Binance, launched the company around five years later in 2017. As of this writing, it is the world’s largest cryptocurrency exchange in terms of trading volume. However, Binance had to create a new company called Binance US, exclusively for American customers since the service is offered across over 180 jurisdictions.<\/p>\n

Both sites provide a wide variety of cryptocurrencies to choose from. Currently Coinbase supports around 120 different cryptocurrencies, while over 600 coins may now be traded on Binance’s platform and more coins are listed each month.<\/p>\n

In order to help you pick which platform is best for you, we’ve taken a look at each platform’s currency support as well as its security and costs.<\/p>\n

We also recommend eToro as it’s more regulated, and also fully open to the United States, whereas Binance has less coins available in the US. eToro also has copytrading unlike either Binance or Coinbase. Investors often open accounts on several different crypto platforms to take advantage of the varying features.<\/p>\n

Update – As of 2024, the only cryptocurrencies eToro users in the United States will be able to trade on the platform will be Bitcoin, Bitcoin Cash and Ethereum.<\/em><\/p>\n

Binance vs Coinbase Compared – Quick Overview<\/h2>\n
\n\n\n\n\n\n\n\n\n\n\n
<\/td>\nCoinbase<\/b><\/td>\nBinance<\/b><\/td>\n<\/tr>\n
Fees<\/b><\/td>\n\n
    \n
  • Trading fees are based on the maker\/taker model which determines amounts per trade. For stable pairs, maker \/ taker is 0.00% \/ 0.01%. Each transaction has a fee of 1.49% when trading FIAT to crypto and vice-versa.<\/li>\n
  • Deposit fees vary according to payment method used; UK bank wire transfers + SWIFT payments + US ACH bank transfers are free, while US wire transfers have a flat rate of $10, \u20ac0.15 for SEPA and a rate of 3.99% per debit card deposit. Withdrawal fees are \u00a31 for SWIFT + UK bank withdrawals, \u20ac0.15 for SEPA and the rest are free.<\/li>\n<\/ul>\n<\/td>\n
\n
    \n
  • Trading fee depends,, starting from 0.1% up to 0.02% in maker fees and 0.1% – 0.04% in taker fees, according to trading volume on a 30 day interval in BTC, and BNB holdings.<\/li>\n<\/ul>\n
      \n
    • Deposits through bank accounts are free outside the US and $15 is charged per US wire transfer. Debit and credit card transactions carry a rate of 3.5% with a minimum of $10.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Key Platform Features<\/b><\/td>\n\n
    \n
  • Supports hundreds of different cryptocurrencies and is known to have a bigger selection than most trading platforms.<\/li>\n
  • Coinbase pro – a more advanced U.I. with tons more information and opportunities for more proficient traders.<\/li>\n<\/ul>\n<\/td>\n
\n
    \n
  • Handy mobile app featured with all the information that can be found on the browser app.<\/li>\n
  • Features the option to open a wallet for you, while also leaving you the option to link exchange with your own personal wallet like metamask.<\/li>\n
  • Supports over 600 coins to trade from around the world, but the US version is limited to around 60.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Security Features<\/b><\/td>\n\n
    \n
  • Two-factor authentication (2FA) when you log in.<\/li>\n
  • Google Authenticator link-up.<\/li>\n
  • Delayed withdrawal lock.<\/li>\n
  • Email confirmation when logging in from a new device.<\/li>\n
  • FDIC insurance up to $250,000 (when funds are stored in a USD wallet).<\/li>\n
  • Multi-signature logins.<\/li>\n
  • 98% of coins are held in cold storage.<\/li>\n<\/ul>\n<\/td>\n
\n
    \n
  • Two-factor authentication is supported, including hardware, app and SMS\/email-based approaches.<\/li>\n<\/ul>\n

    Advanced access control capabilities include;<\/p>\n

     <\/p>\n

      \n
    • IP and wallet address whitelisting,<\/li>\n
    • API access control,<\/li>\n
    • device management,<\/li>\n<\/ul>\n

      all of which may be enabled or disabled by the user.<\/td>\n<\/tr>\n

Cryptocurrencies Supported<\/b><\/td>\nTotal of approx. 10,000 crypto assets – 167 of which are currently tradable – ranging from relatively low market caps to the highest.<\/td>\nBinance offers 600 different cryptocurrencies worldwide, however is limited to around 60 in America.<\/td>\n<\/tr>\n
Types of Transactions<\/b><\/td>\nStandard Coinbase<\/b> – buying, selling, receiving and exchanging.<\/p>\n

Coinbase pro <\/b>– withdrawing, trading, stop order, time in force order, and limit order.<\/td>\n

The accepted trade orders include;<\/p>\n
    \n
  • Limit orders,<\/li>\n
  • Market orders,<\/li>\n
  • Stop limit orders,<\/li>\n
  • Stop market orders,<\/li>\n
  • Trailing stop orders,<\/li>\n
  • Post only orders,<\/li>\n
  • Limit TP\/SL orders.<\/li>\n<\/ul>\n<\/td>\n<\/tr>\n
Deposit Methods<\/b><\/td>\nBank Account (ACH), Debit Card, Wire Transfer, PayPal, Apple Pay, & Google Pay.<\/td>\nBank Transfer (SEPA \/ SWIFT),<\/p>\n

Bank Card (Visa \/ Mastercard),<\/p>\n

P2P Express,<\/p>\n

Advcash Account Balance.<\/p>\n

Also allows direct crypto deposits through third party e-wallets.<\/td>\n<\/tr>\n

Special Features<\/b><\/td>\n\n
    \n
  • Separate U.I\u2019s to cater for both beginners and professionals.<\/li>\n
  • Ample amounts of education sources on all that relates to crypto and industry standards.<\/li>\n
  • Ease of sending money.<\/li>\n
  • Mobile App.<\/li>\n<\/ul>\n<\/td>\n
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