Binance | Coinbase | |
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Introduction | Binance Binance is one of the leading global cryptocurrency exchanges since 2017, initially founded in China. Binance offers trading for spot cryptocurrencies and futures, with both rich trading tools and a simple trading interface with Binance Lite. The exchange is particularly known for listing many cryptocurrencies at low trading fees. While Binance originates from China it has expanded to dozens of countries around the world where it seeks to adhere to local regulations. | Coinbase Coinbase is an international crypto exchange listed on the US stock market, that offers trading of hundreds of crypto assets since 2012. The USA-based crypto exchange offers both a simple trading mode for beginners, as well as an advanced trading view for experienced traders. Hence Coinbase is suitable for any type of crypto investor. Coinbase is regulated worldwide and is the first-ever crypto exchange to be licensed by the German BaFin. |
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Cons |
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Binance | Coinbase | |
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Tradable Assets | Cryptocurrencies, Derivates | Cryptocurrencies |
Cryptocurrencies | 350+ | 230+ |
Payment Methods | ||
Min. Deposit | 1€ | 2$ |
Verification | ID, Selfie | ID, Video |
Languages | 🇬🇧 English | 🇩🇪 German |
Headquarters | 🇰🇾 Cayman Islands | 🇺🇸 United States |
Regulations | 🇫🇷 AMS, 🇪🇸 BdE, 🇸🇪 FI, 🇱🇹 FIU, 🇵🇱 KAS, 🇮🇹 OAM, 🇲🇽 SAT | 🇦🇺 AUSTRAC, 🇩🇪 BaFin, 🇮🇪 CBI, 🇳🇱 DNB, 🇬🇧 FCA, 🇺🇸 FinCEN |
Founded In | 2017 | 2012 |
Binance vs CoinbaseShowcase
Binance | Coinbase | |
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Fee Structure | Binance The trading fees on Binance depend on the used trading mode. In the easy trading mode, Binance Lite, higher fees of 0.5% apply. The advanced mode, Binance Pro, only comes with fees of 0.02-0.1%, which get lower the more you trade. Fees on Binance Pro can be further reduced by -25% by using Binance's own token BNB for paying fees. | Coinbase Coinbase has different fees for different trading modes. When trading in the easy swapping interface, users encounter a high spread of 0-3%, depending on the cryptocurrency traded. On the other hand, users of Coinbase Advanced Trade benefit from very tight spreads and low trading fees of 0-0.6% that get lower the more you trade. Coinbase's advanced trading offers the same, large selection of cryptocurrency markets. |
Standard Crypto Fee | 0.5% | 0-3% |
Advanced Crypto Fee | 0.02-0.1% | 0-0.6% |
Average Crypto Fee | 0.28% | 0.90% |
Binance | Coinbase | |
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< 10,000$ | 0.1% | 0.4-0.6% |
< 50,000$ | 0.1% | 0.25-0.4% |
< 100,000$ | 0.1% | 0.15-0.25% |
Binance | Coinbase | |
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Tradable Coins |
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Bitcoin | Yes | Yes |
Ethereum | Yes | Yes |
BNB | Yes | No |
XRP | Yes | No |
TRON | Yes | No |
Litecoin | Yes | Yes |
Binance | Coinbase | |
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Mobile App | Android,iOS | Android,iOS |
Web Version | Yes | Yes |
Easy Trading | Yes | Yes |
Pro Trading | ||
Demo Account | No | |
Signup Bonus | No | No |
Recurring Buys | Yes | Yes |
Real Crypto | Yes | Yes |
Withdrawable Crypto | Yes | Yes |
Crypto Staking | Yes | Yes |
Crypto Lending | Yes | No |
Why Binance over Coinbase? | |
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Binance | Coinbase | |
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Registration Speed | 70/100 | 90/100 |
Simplicity | 78/100 | 92/100 |
Coins | 99/100 | 97/100 |
Features | 97/100 | 94/100 |
Fees | 93/100 | 77/100 |
Opinion | Binance 87% Good /2024 We recommend Binance to advanced cryptocurrency investors who feel confident with advanced trading interfaces. This is because while Binance Lite is more or less suitable for Beginners, it's apparent that Binance values features and cost-efficiency over beginner friendliness throughout all trading modes. Binance particularly shines regarding the number of tradable coins and trading fees, making it perfect for high-volume traders and small-cap investors. | Coinbase 90% Very Good /2024 Coinbase provides a flawless user experience and easy access to crypto trading with almost instant account registrations. Because Coinbase is listed on the US stock market, we believe this exchange is one of the most stable international crypto exchanges one can choose from today. We recommend Coinbase to crypto investors who value regulatory safety and transparency more than low trading fees: We find the trading fees on Coinbase a bit too high, especially in the default trading mode. |