If you're choosing between Binance and Coinbase Cryptocurrency Exchanges, we've compared hundreds of data points side-by-side to make finding the right crypto exchange for you easier. Is Binance better than Coinbase Crypto Exchange? After assessing the two Cryptocurrency Exchanges on nearly 50 different variables, we would be able to get into an informed conclusion.
BINANCE VS COINBASE
4.7 / 5
Rating breakdown
Security
4.0/5
Ease of Use
4.5/5
Tradable Assets
5.0/5
Deposit and withdrawal
5.0/5
Trading Fees
5.0/5
Support
4.4/5
Binance Overview
Binance enjoys a huge popularity among online crypto exchange platforms with its main advantages being that it charges minimal withdrawal fees, while offering interested traders and investors the chance to purchase and exchange a great variety of different cryptocurrencies.
4.0 / 5
Rating breakdown
Security
5.0/5
Ease of Use
4.0/5
Tradable Assets
4.0/5
Deposit and withdrawal
4.0/5
Trading Fees
3.0/5
Support
4.0/5
Coinbase Overview
Coinbase is one of the biggest cryptocurrency exchanges in the world and it is also extremely popular due its high levels of security, which have also earned a very good reputation in the crypto exchanges industry. As such, Coinbase is one of the world’s favourite venues for buy cryptocurrencies and especially Bitcoin.| # | Exchange's Features | BINANCE Availability | COINBASE Availability |
|---|---|---|---|
| # | Analytical Tools | ✔ | ✔ |
| # | Mobile App | ✔ | ✔ |
| # | Social Trading | ❌ | ❌ |
| # | Copy Trading | ❌ | ❌ |
| # | Anonymity | ❌ | ❌ |
The variety of online cryptocurrency exchanges on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different Cryptocurrency Exchanges for trading crypto, our team at start-business-online.com team collected over 50 data points. For this review, we will compare Binance vs Coinbase.
The Verdict: Binance or Coinbase?
There’s no such thing as a perfect crypto exchange, but some are going to be a better fit for you than others.
Objectively, Binance is more reliable based on our criteria above.
What We Really Like on Binance
One of the most trusted brands in crypto
Very fast, easy to use interface
Binance offers extremely low transaction fees
What We Don’t Like on Coinbase
Higher fees than competitors
Other Important Factors That Influence Our decision the most
Undoubtedly, COINBASE has long been an established and reputable name in the cryptocurrency exchange and trading world and has built on its leading position to further expand its popularity. This has rendered it a very appealing first choice, especially for casual users or first timers, who simply want to buy some crypto for the novelty of the endeavor and out of curiosity. Having said that Coinbase exchange does pose certain disadvantages and limitations, the main ones pertaining to the following:- The structure and height of Coinbase Fees
Though few can argue that Coinbase is a trusted and easy to use venue for buying crypto, its fee structure has often been at the root of many user complaints. Moreover, there is also a general sense that the fees charged, especially withdrawal fees, may well be considered as exorbitant. Counting on its popularity and leveraging on it, Coinbase maintains high fees simply because it can do so. - Very strict and rigorous monitoring
In fact, since Coinbase questions how its users use their funds, there have been reports of Coinbase accounts been forcibly closed when clients were found to be using their crypto for online gaming, gambling, and escort services. The extensive anti-fraud policies and practices employed by Coinbase often frustrate its users, especially since, even if they don’t have any sinister intention on how to spend their funds, they still have to wait for days before they can move their crypto to non-custodial wallets. - Lack of Availability and Variety
Coinbase does not fare greatly in this regard, since it only serves a few dozen countries. Therefore, you may well be forced to look for alternatives to Coinbase, simply because it doesn’t serve your location or country of origin. Moreover, Coinbase is also criticized for lacking an adequate variety and diversity when it comes to the crypto currencies it offers, which are mostly limited to the most popular and widespread ones.
Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Crypto Exchange based on your precise requirements here.
By trading with securities you are taking a high degree of risk. You can lose all of your invested money. You should start trading only if you are aware of this risk. All the opinions expressed on our site by individual author is solely their own and does necessarily represent or correspond to the views of the site’s management. No information or opinion contained on this site should be taken as a solicitation or offer to buy or sell any currency, equity or other financial instruments or services.