Binance vs Coinbase Pro: which is best for you?

About Binance

The Binance Exchange was founded in the year 2017 by Changpeng Zhao. This is one of the most popular cryptocurrency exchanges in the market capitalization with having a high volume of trading of any other cryptocurrency exchanges.

In less time, the Binance exchange becomes the leading cryptocurrency exchange. And the Binance exchange their crypto, known as Binance Coin (BNB). Binance exchange platform provides the way to purchase the crypto assets direct by having fiat currencies, bank transfers, and credit/debit cards to the users. It is run through a website, desktop, or mobile application.

About Coinbase Pro

Coinbase Pro was founded in 2015 and was initially known as GDAX. And currently, they are the highest and most reputable cryptocurrency exchanges. They offer services worldwide, including in the United States and European countries.

The Coinbase Pro platform has a vast range of cryptocurrencies and also allows users to have their exchange in more than 80 different pairings. They offer users various cryptocurrency services that have all control over the orders and live chart details, as well as features like staking and protocol voting. Many of its time, Coinbase Pro is targeted because they have a large number of accounts, but till now, it has never been hacked.

Fees of Binance vs Coinbase Pro

Due to the comparison, Binance has better fees. They provide users with a maker and a taker fee of 0.1%, which is the base fee. With the help of this fee percentage lowering, the users can increase the trading volume and BNB balance. Having more than 50 Bitcoin (BTC), the fees can be decreased on the user’s accounts in 30 days. In the Binance account, depositing the assets is always free. The withdrawal fees depend on which withdrawals want to use by the users. There are also available minimum withdrawal amounts.

Comparing Coinbase Pro and Binance, Coinbase Pro has base fees for transactions up to $10,000. The prices are 0.5% for both maker and taker. To get the costs up to 0.1%, the users must trade between S100k and $1 million or take the work of $100 million to $500 million. Then as-long-as it is better on Binance. The Coinbase Pro maker and taker fees seem to be competitive among them. And they are changed occasionally. In Coinbase Pro, the takers have to pay the commission up to 0.5-0.04%; it depends on the transaction type and amount. And the fees for makers are 0.05%.

Security and Trust of Binance vs Coinbase Pro

The Binance exchange has the top level of security. With IP logging and two-factor authentication (2FA). This is available on this platform. The Binance has hacked a couple of years ago in which $40 million was stolen. Due to the hacking, Binance keeps users’ funds in cold storage, which means the user’s assets are held offline.

The Coinbase Pro also has the top level of security. With IP logging and two-factor authentication (2FA). And also, this platform is available. They keep some users’ funds in cold storage. They have a large size of accounts since it is not hacked and is safe for trading. The Coinbase Pro has advanced encryption of the ASE-256 standard, vaults, and safety deposit boxes to keep the funds safe. Other included features are SSL encryption, two-step verification, and insured users’ funds up to $250,000.

Availability of cryptocurrencies in Binance vs Cryptocurrency Pro

By comparing Binance vs Coinbase Pro, Binance is the best cryptocurrency exchange. The Binance cryptocurrency exchange has over 175 cryptocurrencies and tokens available. Having a large number of assets, Binance still has 30% more currency and trading pairs.

Some of the available assets:

• Bitcoin (BTC)
• Ethereum (ETH)
• Cardano (ADA)
• Binance Coin (BNB)
• Chainlink (LINK)
• Bitcoin Cash (BCH)
• Litecoin (LTC)
• Ripple (XRP)
• Tether (USDT)
• Tezos (XTZ)

In Coinbase Pro, there are 110 cryptocurrencies and tokens available. Some of the assets which are available on these platforms:

• Bitcoin (BTC)
• Ethereum (ETH)
• Cardano (ADA)
• Binance Coin (BNB)
• Chainlink (LINK)  

Advantages and Disadvantages of Binance vs Coinbase Pro

Advantages Coinbase Pro

1. The Coinbase Pro is controlled with substantial security measures
2. This platform has a large number of supported cryptocurrencies
3. Also, the Coinbase Pro can be intuitional android and IOS, mobile application
4. For a large number of transitions, there are low to zero fees

Disadvantages of Coinbase Pro

1. The Bin can be massive at starting for the beginners
2. They directly don’t support the methods of local payments
3. Coinbase Pro has sub-optional customer services

Advantages of Binance

1. The Binance exchange has hundreds of trading pairs and the availability of cryptocurrencies.
2. This platform has low trading fees.
3. They have good customer service.
4. Binance exchange can buy crypto through multiple avenues.
5. It can be accessed through a mobile application for IOS and android.

Disadvantages of Binance

1. The Binance exchange is not available for US citizens.
2. They have the highest withdrawal fees compared to the external wallets.

Conclusion

In the Binance vs Coinbase Pro, we have seen the comparison between them. These both are the best options for the traders, but there is a difference in both fees and assets which users make. When deciding on the cryptocurrency exchange, ensure all the information about the crypto. May Binance vs Coinbase Pro above get all information and clear your doubts.