Binance Vs Coinbase - Which is Better For You?
Let us look at the difference between the two popular cryptocurrency exchanges, Binance and Coinbase. Know which one suitable for you to trade.
Binance and Coinbase are the two largest cryptocurrency exchanges available today.. Let us compare both with their features, fees, Supported Countries, supported cryptocurrencies and Security.
Supported Countries
Binance is a popular cryptocurrency exchange that serves more than 140 countries worldwide. Whereas Coinbase supports over 100+ Countries.
Currencies supported
Binance supports 600+ Currencies for the global traders on Binance and over 100+ supports for the U.S. On the other hand Coinbase supports over 179 cryptocurrencies. At the same time coinbase supports fiat currencies including USD, British pound sterling (GBP), and EUR. whereas Binance accepts many more fiat currencies, including USD, EUR, AUD, GBP, HKD, and INR (INR).
Fees
Binance charges 0.10% as spot-trading fees and 4.5% for debit card purchases. But Coinbase does not list any fees. Fees are calculated at the time of placing the order and may be determined by a combination of factors, including the chosen payment method, the size of the order, and market conditions.
Features
Binance features includes User rewards -to increase user participation on their platform, Binance Academy - which offers a comprehensive crypto education for free, Multiple types of trade options and API keys
Security
Although both platforms are considered secure, Both cryptocurrency exchanges offer two-factor authentication (2FA) via the Google Authenticator app or SMS service (SMS), Both Coinbase and Binance require users to provide a photograph to verify their identity. Binance comes with the security features which includes Address whitelisting, device management, and the ability to restrict devices. Address whitelisting, device management, and the ability to restrict devices. Whereas Coinbase's security features include fingerprint biometric access to its digital wallet.
So, Which is The Best?
Binance has many advanced features that are suitable for professional investors. Coinbase, on the other hand, aims to be simple, with few features and options designed specifically for general investors and beginners. As a result, investors must make the decision. If you are new to the cryptocurrency market, Coinbase may be the best option for you. However, if you are well-versed in dealing with the ups and downs of the cryptocurrency market, Binance is the way to go.
Source >> Binance Vs Coinbase — Which is Best To Choose?
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