If you are in one of the states where Binance.US is available, then this may be the platform for you. Due to siloing, Coinbase users may find they are becoming experts on using Coinbase’s platform instead of improving their overall crypto acumen. However, it is not crucial to have access to every crypto or fiat to become a well-rounded crypto user. Binance.US winner: Binance.USĬoinbase is the preferable exchange if you are looking for sheer volume of supported cryptocurrencies and fiat currencies. The hack resulted in funds being stolen from 6,000 users, but they were all reimbursed. However, it continues to be under scrutiny, which is why it is not available in a few US states.īoth utilize industry-standard practices to maintain security, but Coinbase was hacked in October 2021. Binance has had some security issues, but Binance.US was developed for the sole purpose of complying with US regulatory and security standards. Winner: Binance.USĬoinbase has remained compliant since its inception. Both deliver a pleasing interface, but Coinbase has a less coherent overall structure. Winner: Coinbaseīinance.US has a simple, practical approach that doesn’t try to chain users to its services.
Coinbase gets an edge here because its proprietary wallet supports more networks than Binance’s. Instead, they can simply use the wallets provided on the exchange.
Binance Wallet only supports Ethereum and Binance Smart Chain.Ĭoinbase users are not required to use Coinbase’s external Coinbase. Binance.US has the same setup, with an internal wallet option and an external self-custody wallet: Binance Wallet.Ĭoinbase’s external wallet supports NFTs and DeFi as well as Ethereum and all EVM-compatible networks (including Solana, Avalanche and Binance Smart Chain). Wire transfer: $10-15 (minimum $100 withdrawal)īank transfer (ACH), Cryptocurrency, Debit card, Wire transfer, Apple Payīank transfer (ACH), Debit card, PayPal, Wire transfer, Apple Pay, Google PayĬoinbase has an internal wallet option but also utilizes an external self-custody wallet app: Coinbase Wallet. The overall experience on the Binance.US interface is more consistent and practical compared to Coinbase, but its customer service can be difficult to reach.īank transfer: None (minimum $1 withdrawal) Both offer services to earn a return on crypto, but Binance.US has a more extensive history and a better interface. Binance.US is available in fewer states than Coinbase.Ĭoinbase offers a dedicated debit card and an external wallet where you can store NFTs and participate in limited DeFi options. Although Binance is from China, both Binance.US and Coinbase have their headquarters in the US. Overall, costs for using Binance.US are lower than Coinbase because of its extremely low trading fees. Coinbase’s costs are variable and depend on more factors, which makes them more complicated to understand than Binance.US’s costs. Coinbase vital statisticsĪpart from some minor differences, these are similar platforms in terms of the basic service and costs that are associated with using them.
Both Coinbase and Binance.US have simple interfaces, but there are some differences. Binance.US is the US branch of Binance, the largest crypto exchange in the world, and was created to comply with US financial regulations. Finder or the author may own cryptocurrency discussed on this page.Ĭomparing Coinbase vs Binance? Coinbase launched in 2012 and became the first crypto exchange to go public.
Binance fees vs coinbase uk professional#
Talk with a financial professional before making a decision. Potential regulations or policies can affect their availability and services provided. Digital assets are volatile and risky, and past performance is no guarantee of future results. All international money transfer servicesĭisclaimer: This page is not financial advice or an endorsement of digital assets, providers or services.
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