When you are doing low volume and also use BNB to pay for your fee's it is not even remotely close, on the other hand when you are a big company doing huge volumes coinbase could look better but at the same time if you are dealing with binance the volume helps as well and put BNB on top of that, it is getting quite similar. So yeah, if you are a big volume player you could use Coinbase but it is just too close to call whereas low volume there is a bigger difference.
I still think binance is just way to go for any reason at all in exchange world, they are by far the best one out there, they do not offer fiat deposits as far as I know but I am sure one day they will get big enough to make that happen all around the world as well, after all they offered 400 million dollars to CMC and if a company makes that much money, they must have plans for fiat as well.
Topic: Binance vs Coinbase Pro - page 2. (Read 632 times)
Coinbase Pro, former GDAX was good option before, when you could buy and sell without paying fees when making a limit order.
Since they introduced the new fee's system, the only positive thing there is that you can exchange your bitcoin for PayPal.
I don't know if there is any other exchange where you can withdraw/exchange your coins in Paypal.
I have some coins left there and still play(trade) with them from time to time. Almost doubled them
Since they introduced the new fee's system, the only positive thing there is that you can exchange your bitcoin for PayPal.
I don't know if there is any other exchange where you can withdraw/exchange your coins in Paypal.
I have some coins left there and still play(trade) with them from time to time. Almost doubled them
I prefer to use binance than coinbase pro. But it is difficult if we compare between binance and coinbase pro because every people will have their favourite exchange, so they will say they choose binance or coinbase pro based on their experience. But binance will have the benefits for people, especially for new people because they can avoid for KYC which make many traders don't like it.
Every user has their own preference even a sh*tcoin exchanges has few traders you can't force everyone to trade on one exchange only we have our own choices. Sometimes if they are comfortable on one exchange and the coins they want to trade are available, they are sticking on that exchange. Coinbase Pro has a few coins listed on it that is why compared to Binance the volume has a very huge difference. Just like what everybody says the only advantage on coinbase is you can directly withdraw on banks, you can transfer funds from coinbase wallet to coinbase pro conveniently and vice versa, last time I check there was no fee on these transfers.
If I am not mistaken, Coinbase Pro offers an extremely low maker and taker for institutional traders.
Binance, on the other hand, also offers low fees for high volume traders, but not to the same degree as Coinbase Pro.
Overall, Coinbase Pro is expensive for low volume traders and Binance is less so, but the case is the opposite for high volume traders.
Binance, on the other hand, also offers low fees for high volume traders, but not to the same degree as Coinbase Pro.
Overall, Coinbase Pro is expensive for low volume traders and Binance is less so, but the case is the opposite for high volume traders.
There is no doubt that the transactions and trading fees of binance is lesser than coinbase so this can be the main reason for mostly people to chose binance exchange and most important, binance is also providing cash out options in various fiat currencies with otc and p2p options so with these effective and lesser costly services binance looks one step ahead from coinbase.
It all depends though, people believes there is more liquidity in binance than on coinbase Pro, which is obviously true. Besides Binance is an innovative exchange with lots of more coins than coinbase.
A review of Binance vs Coinbase including the pros and cons of both, a guide on how to transfer altcoins from Coinbase to Binance, and the best exchange to trade...
Both Binance and Coinbase Pro have their own advantages and a few drawbacks. Coinbase Pro is maybe a bit more suited for beginners, with its lower coin count, simple
Coinbase Pro consistently handles $100-200 million of volume per day, according to CoinGecko statistics: 30-day trading volumes for Coinbase Pro via CoinGecko
Both Binance and Coinbase Pro have their own advantages and a few drawbacks. Coinbase Pro is maybe a bit more suited for beginners, with its lower coin count, simple
Coinbase Pro consistently handles $100-200 million of volume per day, according to CoinGecko statistics: 30-day trading volumes for Coinbase Pro via CoinGecko
Hello. I am having a hard time understanding why anyone would use Coinbase Pro for trading compared to Binance. What am I missing?
Coinbase Pro's fees are 0.5% for transactions below $10k. Binance charges 0.1%, or 0.075% if you have BNB. So if you made a $5,000 trade you would pay a $25 fee on Coinbase Pro and a $3.75 fee on Binance. What am I missing here? Why would anyone trade on Coinebase over Binance? How can they be competitive charges such high fees? Thanks.
Difference in the fee is the reason why Binance sitting at the top in trading volume compared to other reputed exchanges but some people may have issues with binance so they will use coinbase even the fee is little bit more so they just keep continue to trade after paying high fee.One who is more cautious about all the expenses while doing a trade will take it into account about switching to exchange with cheaper fee. Coinbase Pro's fees are 0.5% for transactions below $10k. Binance charges 0.1%, or 0.075% if you have BNB. So if you made a $5,000 trade you would pay a $25 fee on Coinbase Pro and a $3.75 fee on Binance. What am I missing here? Why would anyone trade on Coinebase over Binance? How can they be competitive charges such high fees? Thanks.
Binance is totally a good innovative exchange site which all crypto exchange site live behind his shadow and i like the fact that they are always ready to go extra miles just give their exchange users the perfect treat and even ready to face any sort of challenges. However, the reason behind coin base pro fee is because its a US company and the tax paid will be much than Binance.
Binance is a good exchange with a lot of assets
I don't use Coinbase Pro rather I use Binance because I find it better, therefore I don't know about their Coinbase charges and so on. One thing to understand is, everyone uses exchanges that best suit them, and it might be hard for the person to see something good in another. As for Binance, the reason I find it better is that even without kyc you have a withdrawal limit and holding BNB as well have it positive impact. Lastly one of the main reason in which people might prefer Coinbase is because of withdrawal to their personal banks, could be that Binance isn't supported on their country or there are incentives associated with Coinbase.
Hello. I am having a hard time understanding why anyone would use Coinbase Pro for trading compared to Binance. What am I missing?
Coinbase Pro's fees are 0.5% for transactions below $10k. Binance charges 0.1%, or 0.075% if you have BNB. So if you made a $5,000 trade you would pay a $25 fee on Coinbase Pro and a $3.75 fee on Binance. What am I missing here? Why would anyone trade on Coinebase over Binance? How can they be competitive charges such high fees? Thanks.
Coinbase Pro's fees are 0.5% for transactions below $10k. Binance charges 0.1%, or 0.075% if you have BNB. So if you made a $5,000 trade you would pay a $25 fee on Coinbase Pro and a $3.75 fee on Binance. What am I missing here? Why would anyone trade on Coinebase over Binance? How can they be competitive charges such high fees? Thanks.
Left to me, i'd pick binance every day so far they kept on being the best exchange out there. Binance offers the best of the best features any cryptocurrency trader could ever imagined. The liquidity, volume authenticity and low trading fee of Binance is mind blowing
Do you think majority of people go through all this differences before sign up in exchange. What interest people much is the popularity and transparency of the platform. I don't think any exchange offer fee lower than binance however I'm very sure majority of the people that might prefer coinbase pro over binance might do so because it is localized. For instance Americans might prefer coinbase pro
I guess the main reason why people use Coinbase Pro is because it give several options to withdraw funds directly to fiat (which are greatly low, for example I can send fiat directly to my bank account just for 0.15 euro cents), while Binance allows only to buy crypto using debit card.
Hello. I am having a hard time understanding why anyone would use Coinbase Pro for trading compared to Binance. What am I missing?
Coinbase Pro's fees are 0.5% for transactions below $10k. Binance charges 0.1%, or 0.075% if you have BNB. So if you made a $5,000 trade you would pay a $25 fee on Coinbase Pro and a $3.75 fee on Binance. What am I missing here? Why would anyone trade on Coinebase over Binance? How can they be competitive charges such high fees? Thanks.
Coinbase Pro offers you to withdraw money to your bank? You might be forgetting but coinbase is an american company and because of that they have a lot of connections with a lot of banks and they could literally withdraw money to their banks whenever they want to.Coinbase Pro's fees are 0.5% for transactions below $10k. Binance charges 0.1%, or 0.075% if you have BNB. So if you made a $5,000 trade you would pay a $25 fee on Coinbase Pro and a $3.75 fee on Binance. What am I missing here? Why would anyone trade on Coinebase over Binance? How can they be competitive charges such high fees? Thanks.
So, a person who is an american citizen could send money from their bank to coinbase pro and use it to buy bitcoin and trade with it however they want, make it go back to fiat and ask it to their own personal bank account without using anything else, just their bank and coinbase pro. Of course, some people may prefer coinbase pro for some other reason as well but this is by far the biggest reason, they are the biggest local exchange in the whole world, so big that it rivals global altcoin trading places as well.
You are right. This is the major reason coinbase is still in the game.
I don't know why but for some reason one of the first wallets/ exchange newbies get to know about or use is coinbase and blockchain.com wallet.
Like I said they hear about Coinbase too much. Coinbase do advertise a lot and a lot of people takes about them because of the $10 commission if you introduce them in their platform. So lot of YouTubers suggest them and also people in off-line too.I don't know why but for some reason one of the first wallets/ exchange newbies get to know about or use is coinbase and blockchain.com wallet.
About blockchain.com wallet, I know a lot of newbie think that this is original bitcoin wallet They match the term blockchain with the technology name Blockchain and ends up with this conclusion that this is the wallet.
Trust me, the newbies in the industry are clueless.
Hello. I am having a hard time understanding why anyone would use Coinbase Pro for trading compared to Binance. What am I missing?
People use them because of their reputation and very dominant brand. Binance's multiple hacks (of BTC and KYC info) work against them in those categories. People also use them because they rightly assume Coinbase Pro has better fiat liquidity, which is a draw for BTCUSD traders.
I think Coinbase analyzed their Pro customer base and realized a big chunk of users was only using it as a fiat onramp. Those users won't go to Binance.US just because Coinbase raised their lowest tier fees 0.35%. So they got taxed, while regular traders didn't really see higher fees under the volume-based tiered system.
Smaller traders (at the lowest volume tiers) obviously should and do trade at Binance, but I can see why lots of traders (who aren't at the lowest tiers) are willing to pay slightly higher fees to trade at Coinbase Pro.
Many things depend here. People using Binance because the fees here are very low and there is enough liquidity. But nobody can cashout using binance.
Did you just say nobody can cash out with Binance? Binance exchange supports more than 40 local currencies for direct cash out, and they are still expanding to other countries too, direct deposit and withdrawal to your bank account, it's something that I've used not that someone else tell me, As for the liquidity, Yes Binance has much than coinbase, I guess this is another reason why Binance is well ahead of coinbase
Most newbie do not have any idea about Binance. Most of them heard about about coinbase at the beginning
This is true on where most people who do just recently start up would really initially search up common centralized exchangers.This is what happened wayback where i do initially know about Blockchain.info and Coinbase which are pretty common wayback on previous years.
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It all depends on choice of the trader which could be as a result of ignorance (not having the right information) or personally decision not to patronize a certain exchange due to not been comfortable with their service. Prior to few months back, Binance didn't have an option to deposit fiat or withdraw your profit directly to your local fiat therefore for resident of the geographical area that supports that withdrawing option via coinbase pro, I see no reason why they'll choice Binance over coinbase.
The two exchange are quite decent in their service delivery. Personally I prefer to use my local exchange (LUNO) to trade my bitcoin instead of using Binance since the LUNO payment option are quite favourable than that of Binance irrespective of the fees been higher than that if Binance.
The two exchange are quite decent in their service delivery. Personally I prefer to use my local exchange (LUNO) to trade my bitcoin instead of using Binance since the LUNO payment option are quite favourable than that of Binance irrespective of the fees been higher than that if Binance.
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