What We Like



  • Low fees
  • Multiple transaction types
  • High number of cryptocurrencies supported

What We Don’t Like



  • Only a limited version is available to U.S. users
  • Lack of Know Your Customer (KYC) features for consumer protection


COINBASE

New Coinbase users can get $10 in BTC when they sign up (and verify) for an account using BALANCE10. Expires 12/30/21.

What We Like

  • Easy to use

  • Supports most popular cryptocurrencies

  • Has its own digital wallet

What We Don’t Like

  • High fees

  • No advanced trading options


Binance vs. Coinbase: At a Glance

Binance is not available to U.S. residents as of March 2021. However, there is a separate platform, Binance.US, that can be used by U.S. residents, but with limited currency options and higher fees.

Binance vs. Coinbase: Ease of Use

Binance is a jack-of-all-trades, giving users everything crypto-related in one platform. Binance makes it simple for beginners to sign up and start trading, but advanced users can also get as technical as they want with Binance’s advanced charting, trades, and custom API keys.

To sign up for Binance, simply create a free account using your email address and a password. Once you verify your email address, you can secure your account with two-factor authentication and connect your bank account or credit card. From there, you can start buying crypto right away.

Coinbase Pro Login offers a simple interface for buying, selling, and trading cryptocurrency. You can also use their mobile app on both iOS and Android for access on-the-go.


Coinbase makes it easy to get started with a simple sign-up form and verification process. You can sign up for a free account with your email address, then verify your identity with a government-issued photo ID. This is done via the Coinbase app by taking a picture of your ID or you can manually upload it on the web version of Coinbase.

Once verified, you can connect a bank account or credit card to immediately begin purchasing crypto.


Binance vs. Coinbase: Security

Binance and Coinbase offer robust security settings to protect your digital assets. Here are a few of the security options available on each platform:

Binance Security Features

Trust Wallet partnership: Binance does not have its own digital wallet, but partners with Trust Wallet, a leader in the digital wallet space with over five million users. Trust Wallet secures your assets with a PIN, biometric access, encrypted key as well as a 12-word recovery phrase.

Whitelisting crypto addresses: Binance offers address whitelisting, which is the ability to restrict access to addresses that can withdraw your cryptocurrency. These addresses are saved in your address book, blocking any other addresses from accessing your funds.

Two-factor authentication: Binance also offers two-factor authentication (2FA) via SMS or the Google Authenticator app.

Advanced verification: Binance advanced verification is required to unlock more access to the platform (larger deposit/withdrawal limits, etc.). It also makes sure no one else is using your identity to create a fake account. To complete advanced verification, you will need to upload a government-issued photo ID and a picture of yourself.

Device management: Binance allows you to review all the devices that have accessed your account, and restrict any that you don’t recognize.

Coinbase Security Features

Built-in wallet: Coinbase offers its own digital wallet for storing your cryptocurrency. It is protected with a password and biometric access controls. It also has an encrypted 12-word recovery phrase protecting your assets (similar to other digital wallets).

Two-factor authentication: Coinbase offers two-factor authentication via SMS or the Google Authenticator app. This helps secure access to your account by requiring a time-sensitive six-digit passcode.

Cold storage and crypto vaults: Coinbase is one of the only exchanges that keeps your assets in “cold storage” (e.g. not connected to the internet). They keep 98% of all crypto balances in cold storage, helping protect your assets from would-be online thieves.

Coinbase also offers a cryptocurrency vault, further securing your stored digital assets. These vaults are a way to prevent fraudulent withdrawals and can be set up to require multiple user approvals before funds are withdrawn. They are also time-locked, meaning that if all approvals for the transaction are not completed within 24 hours, the withdrawal is canceled.

FDIC Insurance (up to $250K): Coinbase is one of the only exchanges that offers FDIC insurance on USD (US Dollar) deposits. This insurance is similar to a traditional bank, insuring up to $250,000 of deposited USD funds.


Binance vs. Coinbase: Features

Both Binance and Coinbase allow users to buy and sell cryptocurrency with ease, but they both go about it in different ways. Here are a few of the unique features on each platform:

Binance Unique Features

User rewards: Binance frequently holds giveaways and challenges to increase user participation on their platform. Users can claim these prizes in the Binance rewards center. Binance also hosts crypto airdrops for currencies that are soon-to-be listed on their platform.

Binance Academy: Binance hosts its own free education platform called Binance Academy. From beginner crypto lessons to advanced tutorials on trading, Binance Academy is a one-stop-shop for all things crypto.

Huge variety of trade options: Binance offers one of the widest arrays of trade types on any exchange. Here is a quick list of just some of the trade options available:

  • Limit order
  • Market order
  • Stop limit order
  • Stop market order
  • Trailing stop order
  • Post only order
  • One-cancels-the-other (OCO) orders
  • Time in force limit orders
  • Limit TP/SL order (strategy order)
  • Margin trading
  • Pool liquidity
  • Peer-to-peer trading
  • Guess the price battles

Advanced charting: Binance allows users to create advanced charting views with hundreds of overlays and indicators via the embedded TradingView charts.

API keys: Binance gives public access to their API keys, allowing third-party apps to integrate with Binance.

Coinbase Unique Features

Free education (+ free crypto): Coinbase offers short educational videos that walk users through different cryptocurrency projects. These videos can be viewed on the platform and mobile app and will reward users who watch them with a small amount of free cryptocurrency.

Newsfeed: Coinbase offers a built-in newsfeed to update its users on current crypto news and developments. The feed curates articles from the web to deliver important trends and changes in the cryptocurrency market.

Price alerts: Coinbase users can set up alerts about price changes in whichever cryptocurrencies they want to track. Using a watchlist of currencies, users can either view updates on the app or get notifications pushed to their mobile phones.


Binance vs. Coinbase: Currencies

Binance and Coinbase both offer access to the top cryptocurrencies on the market, but Binance supports more than 10 times the amount of currencies that Coinbase does. Coinbase supports 44 cryptocurrencies, while Binance has access to over 500.

Both platforms allow you to purchase cryptocurrency in dollar amounts, allowing you to buy fractions of coins. Coinbase has a $2 minimum order amount and Binance has a minimum order of $1.

While the list of supported currencies is too large to share here, both platforms support major currencies such as Bitcoin, Ethereum, Uniswap, Chainlink, and Compound.

To explore more currencies on Binance, you can review their market listings. To view all the tradable assets on Coinbase, check their listing prices.


Binance vs. Coinbase: Fees

The difference in fees between Binance and Coinbase is fairly significant. Overall, Binance charges much less for trading cryptocurrencies as well as funding your account.

Coinbase charges users an average flat fee of approximately 0.50% per transaction. Additionally, Coinbase also charges extra fees based on the account used in the transaction.


As you can see, purchasing cryptocurrency on Coinbase could cost about 4% in fees per transaction. If you purchase and sell a cryptocurrency on the same day using a credit card, this can cost up to 9% of the total price.

Coinbase is best for buy and hold investors who want to purchase a currency and hold it for the long term.

Binance offers much lower fees per transaction, as well as incentivizing high-volume traders with their fee structure. While they use a maker-taker fee structure, both the maker and taker fees are identical.

When users place an order at the market price that gets filled immediately, they are considered a “taker” and are charged the taker fee. When users place an order that is not immediately matched, it is placed in the order book (until a match is found), and they are considered a “maker” and are charged a maker fee when the trade executes.

It may look complicated, but essentially users are charged a 0.1% fee per transaction, with discounts for using the BNB token (Binance native token) to pay for these fees. These tokens can only be purchased on Binance.

The higher the trading volume (measured in Bitcoin amounts), the lower the fee becomes, all the way down to 0.02%.

Binance can lower your costs significantly, with an average of 0.1% fee per transaction (or less). If you are an active trader, Binance offers some of the lowest fee trades on the market.

Binance vs. Coinbase: Access

Both Binance and Coinbase are available globally but not in all countries (as of March 2021).

Binance is available in over 180 countries worldwide, but they built a separate platform for U.S.-based users due to strict KYC (Know Your Customer) and anti-money laundering restrictions required by the United States.

Binance.US offers a limited selection of cryptocurrencies and trade options compared to their main platform. With no margin trading, limited crypto-to-crypto trading, higher deposit and buying fees, and no credit card purchases allowed, Binance US is not currently a great option for US residents at this time.


Coinbase is offered in 100 countries currently with its full platform available to United States residents as well.


Final Verdict

When comparing Binance vs. Coinbase, there are many similarities. Both have access to similar currencies, both allow you to buy, sell, and trade your digital assets, and both offer user education for newcomers to the crypto space.


Coinbase is the simplest platform to use for beginners due to its minimalist design and fantastic mobile app. Buying and selling crypto on Coinbase Pro Login only takes a few clicks, and your digital funds are safely stored at all times.

If you are NOT a U.S. resident and looking to go deeper into the crypto world, Binance is a great place to do so. With its wide array of trade options, easy-to-use platform, and access to over 500 cryptocurrencies, Binance is the top choice for most active traders.

No matter which platform you choose, understand that investing in cryptocurrencies is highly speculative, so never invest more than you are willing to lose.