![]() It operates in more than 30 countries around the world, including most of Europe, North America, Asia and Australia. The exchange offers a variety of coins and tokens for purchasing, selling and trading with fiat currency, such as USD and EUR.Ĭoinbase Pro is a crypto-only exchange that does not support fiat currencies like USD or EUR. Fee Structure: Binance charges 0.1% trading fees while Coinbase charges 1%.Ī Coinbase account is needed to use Coinbase Pro, the platform’s professional trading platform.Coin Listings: Binance offers over 500 coins while Coinbase only lists four: Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). ![]() Coinbase also offers 2FA but does not offer SMS verification as an option. ![]() Security: Binance has implemented two-factor authentication (2FA) as well as an SMS verification feature to ensure that your account is secure at all times.However, Binance offers more than just these three currencies it also supports JPY (Japanese Yen), HKD (Hong Kong Dollar), KRW (Korean Won) and XRP (Ripple). Fiat Support: Both Binance and Coinbase have fiat support for USD, GBP and EUR.The platform has grown rapidly since its inception in 2017 and now has over 10 million users worldwide.īinance offers many of the same features as Coinbase but with a few key differences: The company was founded by Changpeng Zhao, who wanted to create a world-class crypto trading platform. ![]() These fees vary depending on the type of order you place for buying or selling cryptocurrencies (more on this below).īinance is a cryptocurrency exchange based in Malta. The fee structure at both exchanges is pretty similar: You pay a small fee for every transaction you make on either platform. Here’s what you need to know about each exchange:Ĭoinbase and Binance are both centralized cryptocurrency exchanges, which means they allow you to trade fiat currency like USD or EUR into crypto coins such as Bitcoin (BTC), Litecoin (LTC), Ethereum (ETH), Bitcoin Cash (BCH), and more.īinance is based in Hong Kong while Coinbase is based in San Francisco hence why they differ on some things like fees and minimum deposit amounts.īoth exchanges have mobile apps for iOS and Android so you can trade on the go, but only Coinbase has a web app for people who don’t want to download a mobile app or install extensions on their browsers. Coinbase and Binance are both cryptocurrency exchanges that allow you to buy, sell, and trade cryptocurrencies. ![]()
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