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Binance texas6/22/2023 High-volume traders can also level up for very important person (VIP) discountsīinance and Coinbase are geared toward different types of users. Binance users can lower costs by purchasing Binance (BNB) tokens to pay fees with a 25% discount. The fee chart can be confusing for beginners but offers vastly lower charges, especially for high-volume traders. Coinbase has an insurance policy to cover the 2% of funds kept in hot storage, but it only covers security breaches on their end, not ones due to a user security problem.īinance fees are some of the lowest in the industry, whereas Coinbase does not disclose its fees online.īinance uses a maker-taker structure with the same fees for both makers and takers. Like Coinbase, all USD balances are insured up to $250,000 by the Federal Deposit Insurance Corporation (FDIC) and held in custodial bank accounts.Ĭoinbase security features consist of fingerprint biometric access for its digital wallet, and 98% of cryptocurrency funds are stored in air-gapped cold storage via vaults and safe deposit boxes. Both Coinbase and Binance require users to verify their identity with a photograph.īinance security features also include address whitelisting, device management, and the ability to restrict device access. users report some problems with the Binance.US and Google authentication process. regulatory investigation.īoth cryptocurrency exchanges provide two-factor authentication (2FA) via the Google Authenticator app or short message service (SMS), but U.S. Note that Binance is currently under U.S. Unlike Coinbase, Binance was first established in China before moving to Japan, and the Binance.US platform is headquartered in Palo Alto, California. Binance isn’t consistently regulated around the world, but its Binance.US exchange stays within U.S. ![]() Founded in 2012, Coinbase is a U.S.-based exchange that went public on April 14, 2021, via a direct listing, and is backed by banks like J.P. However, both platforms support popular and up-and-coming currencies such as:Īlthough both platforms are considered secure, Coinbase has a better overall reputation. For example, the following cryptocurrencies are on Binance but not Coinbase: vechain (VET), harmony (ONE), vethor token (VTHO), and qtum (QTUM). Binance and Coinbase both offer many cryptocurrency pairs, but the number may vary based on your location. Coinbase offers 179 trading currencies.Ĭoinbase also supports fiat currencies, including USD, British pound sterling (GBP), and euro (EUR), whereas Binance supports many more fiat currencies, such as USD, EUR, Australian dollar (AUD), GBP, Hong Kong dollar (HKD), and Indian rupee (INR). However, the Binance.US exchange supports just over 100 coins. Coinbase: Supported Currenciesīinance is well-known for its massive altcoin list, with more than 600 choices available to non-U.S. Can earn cryptocurrency by watching short videosīinance vs.The optional Coinbase Pro platform with advanced charting features, including the ability to track exponential moving averages.A newsletter showcasing the latest cryptocurrency news.Available for use in over 100 countries and 49 states, with no trading allowed for residents of Hawaii.The ability to withdraw funds to your PayPal account.A secure, standalone digital hot wallet that you can use with Coinbase and other exchanges.residents but fewer options for international traders. In comparison to Binance, Coinbase offers more features for U.S. Users in over 180 countries can trade on Binance, but only 46 states can use Binance.US, excluding Hawaii, New York, Texas, and Vermont. ![]() The option to use the third-party digital wallet, Trust Wallet. ![]()
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