Binance vs. Coinbase – 2022

Binance vs. Coinbase Pro

By Top 10 team  Published May 22, 2022

The top 10 Crypto team is dedicated to ranking and comparing top exchanges in the market. To review references used in this review, please revert to the reference table at the end of this review. this review is not sponsored. 

Binance and Coinbase Pro are crypto exchange platforms that serve millions of customers. They are among the top ten largest exchanges by trading volume, with Coinbase Pro ranking second and Binance ranking first. 

The crypto exchange platforms include extensive trading features, cheap fees, and apps. Furthermore, both are aimed at advanced and beginner users. Binance, on the other hand, has somewhat lower fees, a wider variety of coins, and more methods to add or make withdrawals. Coinbase Pro, on the other hand, is recognized for its strong security standards.

To assist readers in selecting a platform, we compared Binance vs Coinbase Pro by examining supported currencies, security measures, overall fees, and features.

  • Fees: 0.02% to 0.10% purchase and trading fees, 3% to 4.5% for debit card purchases, free Single Euro Payments Area (SEPA) transfer, or $15 per U.S. wire transfer
  • Currencies: Over 500 
  • Security: 2FA verification, FDIC-insured USD balances, device management, address allow listing, cold storage
  • WalletN/A
  • Transactions Supported: Limit order, market order, stop-limit order, trailing stop order, post only order, peer-to-peer trading, margin trading, one-cancels-the-other order, and more
  • Max. Daily Trading Amount: Limits differ based on the cryptocurrency purchased
  • Mobile App: iOS and Android
  • Low trading fees  

  • Tutorial resources available

  • Trading fee discounts available  

  • Lengthy KYC identity verification process

  • Not available in the US

  • Lacks transparency

coinbase_vs_crypto.com

at Coinbase pro

  • Fees: 0.05% to 0.60% purchase and trading fees, 0.50% per trade, 3.99% for credit card purchases, 1.49% for Coinbase wallet or bank account purchases, and wire transfers are $10 for deposit and $25 for withdrawal.
  • Currencies: Over 500 
  • Security: 2FA verification, insurance for hot storage if Coinbase is breached, biometric fingerprint logins, cold storage, FDIC-insured USD balances, AES-256 encryption for digital wallets
  • Wallet: Yes
  • Transactions Supported: Buy, sell, send, receive, and exchange
  • Max. Daily Trading Amount: Limits vary based on your payment method and region
  • Mobile App: iOS and Android
    • Low trading fees for high volume traders 
    • Strong security measures

    • Advanced trading features   

    • Slow customers support
    • Not the cheapest in fees 

    • Not suitable for beginners

Head to Head Comparison

 
Exchanges
Binance AdvantageCoinbase Advantage
Top 10 Rating
Five star rating exchange
Winning factor
Number of Coins supported
500
150
Winning factor
Ease of Use (Beginners)
Winning factor
Features (Advanced traders)
=
Available Apps
=
Countries Supported
195
100
Winning factor
US Supported
Binance.us
Winning factor
Countries Restricted
UK and Italy
Countries that do not support crypto currencies
Winning factor
Wire Deposit
=
Credit/Debit Card Deposit
=
Crypto Deposit
Winning factor
SEPA
Winning factor
P2P
Winning factor
PayPal
Winning factor
Deposit Fees2% for credit card deposits 3.99% for credit card deposits
ACH Free
PayPal
Winning factor
Bank Withdrawals Fees2% on fiat withdrawalsACH (free), Wire USD ($25), SEPA EUR (0.15EUR), Swift GBP (1GBP)
Winning factor
Maker Trading Fees* Starting
0.0002%
0.001%
Winning factor
Maker Trading Fees* up to
0.001%
0.005%
Winning factor
Taker Trading Fees* Starting
0.0004%
0.002%
Winning factor
Taker Trading Fees* Up to
0.001%
0.005%
Winning factor
KYC RequirementsKYC for full accessKYC for full access=
KYC Requirements To trade
KYC Required
KYC Required
=
Transfer to Personal Wallet
=
Margin Trading
=
Staking Option
=
Sign-up bonusDeposit $50 and get $100 cashbackSign up to Coinbase and get $10 after your first trade.
Winning factor
Get started today$100 sign up bonus Binance$10 sign up bonus Coinbase
Advantages Tally
13
4
Recomended

Methodology

Binance and Coinbase Pro share 9 similar advantages, yet differences exist. First, we evaluated both platforms by looking at the advantages each platform provides, whether it is through their application or web platforms, such as tutorials and guides for beginners, advanced features for experienced traders, fees associated with trading and withdrawal, and the signup bonus you can claim today. 

Verdict: While we see great potential and foundation in both exchanges, Binance stands out as its offers all the tools you need to get started with minimal fees.

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