Coinbase vs. Binance

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Quick Verdict

Coinbase is a good crypto exchange for those looking for a streamlined way to access the crypto market due to its simplistic interface and intuitive trading process. Coinbase does charge higher fees and offers fewer assets for international customers, but it is one of the best Binance alternatives for customers in the United States due to its regulatory compliance in the country. However, based on our rating methodology, Binance is the better exchange because it offers lower fees, more trading pairs, a wider selection of markets, and many more advanced features that will appeal to more traders.

	Binance	Coinbase
Website	https://www.hedgewithcrypto.com/go/binance	https://www.hedgewithcrypto.com/go/coinbase
Promotion	Up to $100 welcome bonus	$5 BTC bonus (USA only)
Fiat Currency	USD, EUR, GBP, AUD, CAD, +22 Others	USD, GBP, EUR, CAD, SGD, NZD & AUD
Supported Cryptocurrency	385	241
Deposit Method	Bank transfer, SEPA, Bank card (VISA) & SWIFT	Bank transfer, SEPA, wire transfer, debit card, Faster Payments, 3D Secure Card & PayPal
Max. Trading Fee	0.1% (spot) and 0.02% / 0.04% (Futures)	0.4% (maker), 0.6% (taker)
Overall Rating	HedgewithCrypto Score 4.8 / 5 We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. Visit Binance	HedgewithCrypto Score 4.7 / 5 We provide an overall weighted average rating out of 5 stars. Our ratings are based on objective criteria like the ease of use, fees, deposit methods, customer support and availability. Our reviews are not influenced by 3rd parties. Click here for further information about our rating methodology and a full list of categories we review against. Visit Coinbase
Review	Read our full Binance Review	Read our full Coinbase Review

Binance is a globally accessible crypto exchange offering a wide selection of trading pairs and many features tailored to a wide spectrum of traders. Being an all-in-one exchange, Binance offers automation and trading tools designed to streamline your workflow. Binance is undeniably a top cryptocurrency exchange in the US and internationally with its fees and diverse features.

Moreover, new Binance users can earn a $100 welcome bonus using a referral code.

Binance offers low trading fees, a wide selection of features, and many powerful tools that will help traders looking to maximize their earnings by precisely dialing in their buy and sell orders. However, while Binance is ideal for people with experience looking for advanced trading features, people new to crypto trading or investing may find Binance difficult to use due to its busy and confusing interface.

Coinbase is one of the oldest cryptocurrency exchanges operating today. The innovative company was also the first exchange publicly listed on the Nasdaq, with Coinbase trading under the ticker COIN, which provides greater safety for users as it ensures that Coinbase is subject to regular audits and stricter Commodity Futures Trading Commission (CFTC) regulations.

While Coinbase has some advanced features like an earn program, reoccurring buy support, and its own NFT marketplace, the platform is primarily targeted at people new to the crypto space who value a user-friendly platform with a straightforward interface and an intuitive ordering process over low fees, automation tools, and more trading pairs.

Read our full review on Coinbase

Coinbase vs. Binance: Features

There are several differences between Coinbase and Binance that will determine which exchange is better for the individual, the primary of which are the features each platform offers.

Binance is billed as an all-in-one cryptocurrency exchange offering a much broader selection of features and an excellent alternative to Coinbase. While Binance can be difficult for new users to get to grips with due to its increased utility, the platform appeals to a wider audience than Coinbase through its plethora of tools, which include crypto margin trading, 125x leverage on futures contracts, crypto options, and a wider selection of digital assets.

Outside of the typical crypto exchange features, Binance offers a P2P marketplace that helps international customers buy crypto with their local currency. Furthermore, Binance provides crypto loans for temporarily cashing out a portion of your assets, staking/yield farming support, an automatic investment tool, and trading bots, which can help users lessen their work.

Coinbase caters to the general public through its straightforward interface and purchasing process, while attracting experienced crypto traders with its advanced trading platform and staking support. Users can also apply for a Coinbase card to spend crypto in retail establishments, but the card is currently only available in select regions.

Aside from the ability to buy crypto on the fiat exchange, Coinbase includes an educational program that rewards users with crypto for learning about cryptocurrency and completing a brief quiz, which is perfect for people learning about the asset class. Additionally, Coinbase offers a propriety NFT marketplace and the ability to set up reoccurring purchases, streamlining the Dollar-Cost-Averaging (DCA) process.

Binance vs. Coinbase: Deposit Methods

Access to several payment methods is critical for people wishing to trade crypto on an exchange. Binance supports crypto deposits on every asset it lists and bank account transfer deposits on 27 fiat currencies. Furthermore, you can buy crypto with many more fiat currencies using Binance's one-click buy tool or its built-in Peer-to-Peer (P2P) exchange.

Coinbase offers better direct fiat-currency support with the exchange, letting users buy crypto in their local fiat currencies using credit/debit cards or bank transfers. However, only some currencies have a Coinbase wallet, meaning you could face currency conversion fees when depositing funds in Coinbase. Only BTC and USDC can be deposited, limiting Coinbase's viability for existing crypto holders.

Binance vs. Coinbase: Supported Coins

At the time of writing, Binance supports 385 cryptos across several markets and is one of the best altcoin platforms. However, the list of assets for US residents on the Binance.US platform is significantly reduced and limited to 158 cryptocurrencies, far higher than its previous roster of around 50 cryptocurrencies.

In contrast, Coinbase offers 248 crypto projects across its exchange that customers can buy, trade, and sell worldwide, including the United States. Therefore, Coinbase is a better option for individuals who reside in the United States compared to Binance.US in terms of tradable assets.

Coinbase vs. Binance: Fees

Regarding fees, Binance uses a flat fee structure with buys and sells costing 0.1% per transaction, which is straightforward for people to understand. However, buying crypto with a credit or debit and withdrawing funds will still incur additional charges with Binance. That said, Binance offers a 25% discount for paying fees using its native BNB token, effectively reducing fees to 0.075% per trade.

Trading Volume (30 day)	Binance Fees (without BNB)	Coinbase Fees
$0 – 10K	0.1% / 0.1%	0.5% / 0.5%
$10K – 50K	0.1% / 0.1%	0.35% / 0.35%
$50K – 100K	0.1% / 0.1%	0.25% / 0.15%
$100K – 1M	0.1% / 0.1%	0.20% / 0.1%
$1M – 10M	0.08% / 0.1%	0.18% / 0.8%

On the other hand, Coinbase uses a slightly more confusing structure that could be off-putting for new users. The company charges a 60bps fee for taker orders on the exchange, while maker orders cost 40bps. Furthermore, additional fees for credit/debit card purchases and wire transfers can be levied on eligible transactions, making Coinbase a costly exchange for traders.

Coinbase vs. Binance: Ease of Use

Binance is an all-in-one cryptocurrency trading platform with a wide selection of features tailored to investors and traders of different preferences. Because the exchange supports far more features than Coinbase, it's more challenging to navigate than Coinbase. Moreover, as there are more features on Binance, users need to know what they're looking for, as they may struggle when just browsing.

New crypto investors may prefer Coinbase thanks to its interface that vastly streamlines the process of buying, selling, and trading cryptocurrency. Furthermore, because Coinbase has separate platforms for basic and advanced trading activities, the platform is far more accessible.

Outside the interface, both exchanges offer their own charting system and one provided by TradingView, meaning that users will have access to plenty of drawing tools and technical indicators to plot complex strategies. However, Binance offers more order types, making it easier to enter and exit positions precisely.

Binance vs. Coinbase: Mobile App

Binance also offers a well-designed mobile app rated the same as Coinbase on the App Store (both exchanges rated 4.7/5). Binance's mobile app also covers all features present on the desktop platform, including advanced trading capabilities.

Conversely, Coinbase offers a mobile app for Android and iOS devices, enabling customers to monitor their positions and trade while on the move without access to a desktop PC or laptop. Coinbase has vastly improved its mobile app, now offering every feature available on the desktop platform, including advanced trading, which used to require a separate app called Coinbase Pro to be downloaded.

However, while both apps are closely paired, the Binance platform has included a greater quantity of features, including futures trading, options trading, automated trading bots, and easy crypto swaps. Therefore, Binance's mobile app is more versatile and will likely appeal to more users, giving it a sizable edge compared to Coinbase.

Coinbase vs. Binance: Security

Binance and Coinbase are both industry-leading platforms with advanced security measures and protocols to help in the protection of customer funds and information.

Coinbase stores 98% of customer funds in offline crypto hardware wallets to ensure its users' protection, with only funds used for day-to-day operations stored in hot wallets. Moreover, Coinbase offers AES-256 encryption, Two-Factor Authentication (2FA), and a Federal Deposit Insurance Corporation (FDIC) insurance policy against theft and exchange hacks up to $250,000 per person. However, Coinbase was hacked in between March and May 2021.

Similarly, Binance offers cutting-edge features to protect customers, including cold storage for client funds, IP address allowlisting, and device management tools. Furthermore, Binance has its Secure Asset Fund for Users (SAFU) that stores 10% of all trading fees in a secure fund to protect users against losses in case Binance gets breached by an attacker. Despite its best efforts, Binance was hacked in 2017.

Binance vs. Coinbase: Customer Support

Regarding customer support, Binance offers a detailed help center containing many articles on topics like verifying your account and understanding certain features. Furthermore, Binance offers its customers an automated chatbot and 24/7 live chat support.

On the other hand, Coinbase offers a help center containing articles on similar topics to Binance and a system that provides users with rewards for learning about cryptocurrency, which could incentivize people to improve their knowledge. Coinbase also offers an AI chatbot and live chat support for its users.

Frequently Asked Questions

Final Comparison Scores

Platform Category	Winner
Features	Binance
Deposit Methods	Binance
Supported Coin	Binance
Trading Fees	Binance
Ease of Use	Coinbase
Mobile App	Binance
Security Features	Draw
Customer Support	Draw
Overall Winner	Binance