Setting up an account is quick, and Coinbase makes it easy for traders to comply with KYC regulations. Ease of Useīinance.US attempts to serve a wide range of customers by offering different user experiences.Ĭoinbase, on the other hand, is well known for its user-friendly dashboard that makes it easy to trade currencies-even without experience. While the rates for makers and takers are important to keep in mind, the distinction ultimately isn’t that important as you don’t generally get to choose whether you run as a maker or taker. The latter creates a new order to be filled on an exchange (it makes liquidity), while the former fills an existing order (it takes liquidity away). Coinbase offers rates of 0.6% or 0.4% (for the pricing tier of $0 to $10,000), depending on if you’re a taker or a maker. That’s why it’s best to move onto its more advanced trading platform as soon as you feel comfortable. Binance.US edges out almost all exchanges but KuCoin regarding fees (where it’s equal), with its ultralow 0.1% rate.Ĭoinbase uses a convoluted (and pricey) fee structure that can eat up huge percentages of beginners’ crypto purchases. Feesįees can make or break an exchange for frequent traders, though even beginners benefit from more money going to crypto instead of crypto exchanges’ costs. ![]() Residents of the Aloha State may then be limited to platforms like Gemini. Binance.US is unavailable in Hawaii, New York, Texas or Vermont Coinbase can not be used in Hawaii. may determine which crypto exchange you use. Though, by and large Binance.US and Coinbase Pro are similar platforms, they aren’t identical, and some of their key differences may make one a better fit for you than the other.Ĥ6 states not available in New York, Texas, Hawaii, or Vermont A segment of crypto investors dislike KYC requirements as they believe it is against the decentralized ethos of crypto and crypto exchanges. This means providing government-issued proof you are who you say you are, just as you must when you open a bank account.ĭoing so helps reduce the risk of using crypto exchanges for illicit money laundering purposes. To access the full breadth of resources available on Binance.US and Coinbase, you must prove your identity through a Know Your Customer (KYC) process. StakingĬoinbase and Binance allow users to earn interest by staking their crypto to help verify transactions on their respective currencies’ blockchains. Margin trading is currently unavailable on nearly all crypto exchanges in the U.S. Margin can amplify profits-and greatly magnify losses. Neither crypto exchange currently allows users access to margin accounts, a riskier trading strategy that involves borrowing money to finance trades. Trading Toolsįrom a trading functionality standpoint, Coinbase Pro and Binance.US are relatively similar platforms: Both enable a range of order types, including market and limit, and both include advanced charting capabilities. Still, newer and less popular coins may experience wild price swings, be more illiquid, be harder to buy or sell quickly, and be more susceptible to fraud. ![]() However, investing in all forms of crypto is risky. If you truly want to get off the beaten path regarding coins, you may have to opt for an exchange like Kucoin, which has hundreds of cryptos. If you’re looking to stick with the major cryptos-think Bitcoin and Ethereum-you’ll likely be equally satisfied with either Binance.US or Coinbase.īecause both exchanges offer at least 100 cryptocurrencies, you’ll probably find many of the lesser-known, so-called altcoins you want, whether that’s Dogecoin or another memeable crypto. With that out of the way, here’s how Binance.US and Coinbase are similar. Coinbase Pro doesn’t accept credit card or debit card purchases. This distinction is important because Coinbase Pro offers much greater functionality and substantially lower fees, even if slightly less intuitive. The name “Coinbase” is often used as a catch-all for all of the offerings of Coinbase (the company): Coinbase (the platform), a beginner-friendly crypto app, and Coinbase Pro, a full-fledged crypto exchange. ![]() While the two crypto exchanges are quite similar, Binance.US has slightly more limited functionality and coin offerings.Ĭoinbase, likewise, is not quite as straightforward as it seems. residents must use Binance.US, its spin-off platform compliant with U.S. Coinbase, there are several important things to keep in mind.īinance is not available for customers based in the U.S. Coinbase: Top Similaritiesīefore getting too far into breaking Binance.US vs.
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