Topic: Binance vs Coinbase Pro (Read 638 times)
Both are great exchange but I think why some people use coinbase pro is because of security guarantee. I think coinbase has well built security protocol than that of binance since every trader wants their funds tobe kept safe
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.
I'm not a user of coinbase pro exchange. Binance exchange always a good exchange for me. Some top exchange like kucoin or gate exchange withdraw fee also big than Binance. Even you can use Binance exchange without complete KYC but in Bittrex exchange is not possible. 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.
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.
Maybe it's a trader's habit. Sometimes the color and appearance of exchange also affects the outcome of the transaction. Sometimes at Binance, they don't do as well as Coinbase, so they accept high fees at Coinbase. but most Americans trade at Coinbase, which is their country's exchange and they want to enrich them rather than CZ. Everyone is aware that Binance is now safe and has lots of options to trade. 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.
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Both are great exchange but I think why some people use coinbase pro is because of security guarantee. I think coinbase has well built security protocol than that of binance since every trader wants their funds tobe kept safe
I somehow disagree with you about coinbase pro security guarantee both exchange have been hacked before but Binance manage to provide their users fund. However, most crypto trader consider binance as the best exchange due to their service and trading fees.
Both are good exchanges and of course everyone has a reason to use them. Coinbase has features that are not owned by Binance and Binance has a lower cost than 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.
I think it all depends on where you’re living. Take for example, for those living in the US, there is Binance.US and not the main Binance.com that you might be using. Binance.US compared to Coinbase Pro, both will have ways that they are better than each other for US traders.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.
In terms of Security, I think that the Coinbase Pro is better in handling their site than Binance. We all know that Binance was hacked for $40 million dollars not long ago (they were able to recover), but Coinbase has always be able to avoid every attack on their site. So it may also be that there are people who are considering things like this, and felt like Coinbase is better.
Another thing that may determine the exchange you choose can be the coin you’re trading. There are some coins that you can trade on Coinbase but wouldn’t see them on Binance, same thing with the other way round.
I use Coinbase Pro exclusively these days. I've probably used like 9 or 10 different exchanges over the years, including using Binance for a little bit before they shut out US customers. I guess they have a US specific site now but I haven't checked it out.
Coinbase Pro used to be great on fees, there used to be no fee for makers! But now that they've jacked up the fees a couple times they are pretty terrible on fees. I just make sure to try to stay above 100k/month volume so I get the 0.1% maker trading fee. I checked out some other exchange some well known crypto twitter guy I follow always promotes and saw their fees are only 0.025% but at this point I am just gonna stick with Coinbase Pro because I trust them. I don't ever worry about coinbase being hacked and I'm fine with the 0.1% fee as long as they don't raise it again. I'm used to using Coinbase Pro and its already hooked up to my bank account and I don't need to go through any complicated verification like I would setting up at a new exchange.
So while I miss Coinbase Pro's old fantastic fee structure at this point I just stick with them because I trust the exchange and have no complaints with it.
Coinbase Pro used to be great on fees, there used to be no fee for makers! But now that they've jacked up the fees a couple times they are pretty terrible on fees. I just make sure to try to stay above 100k/month volume so I get the 0.1% maker trading fee. I checked out some other exchange some well known crypto twitter guy I follow always promotes and saw their fees are only 0.025% but at this point I am just gonna stick with Coinbase Pro because I trust them. I don't ever worry about coinbase being hacked and I'm fine with the 0.1% fee as long as they don't raise it again. I'm used to using Coinbase Pro and its already hooked up to my bank account and I don't need to go through any complicated verification like I would setting up at a new exchange.
So while I miss Coinbase Pro's old fantastic fee structure at this point I just stick with them because I trust the exchange and have no complaints with it.
I agree to someone who say that most trader/crypto user aren't aware against it. You may need to search some thread on this forum who ask the reputable exchange that can be used by newbies or by most people they will anwer that binance is the best to trade.
So, at least they need comfortable when they use a platform to trade. No matter how much fees that will be spend they will pay for it. Because we spend money on the place that we don't know where it is, and a suggestion form most people will be choosen here compared they found a service although they have a low fee but there is no many people who suggested to trade in it.
So, at least they need comfortable when they use a platform to trade. No matter how much fees that will be spend they will pay for it. Because we spend money on the place that we don't know where it is, and a suggestion form most people will be choosen here compared they found a service although they have a low fee but there is no many people who suggested to trade in it.
Binance is also good because of the IEOs that it launches. People there head towards it when these IEOs are about to become tradeable and these EXCHANGE-based launches make you a lot of money in just a few moments. If you like to get higher profits on such things, Binance is the best place.
I am still not bullish on the IEO launches they made recently, it is true that you can make money in a short time when a new market evolves and that will happen here but it will follow the same route as ICO as they will dump all the coins once they get the desired profit and the cycle continues. I still trade with binance than coinbase because of their lower fee structure. 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.
I believe binance is the best cryptocurrency exchange available in the market now, I've had account with binance since 2017 but i've never had an account with coinbase because i've never see any need to create one with them. From all the difference ls you stated in the write up i believe binance offers the best features and reasonable fee charges. The liquidity and volume of binance is something to write home about
Most people are actually ignorant about this. Binance has lately brought out so many features that enable direct transactions from crypto to fiat and vice versa for most territories.
For US clients Binance has the whole new website with a separate department however the verification sucks especially for those who are not very tech savvy. I have friend in US and he is trying to buy bitcoins from last few day but he is stuck in verification process. He is too old to do the verification process by himself. The customer service is not that friendly at all. They should have a liver chat feature.
I will never know about Coinbase since I do not have access to it thanks to my nationality,,, but from an objective perspective, if I were an American or a United Kingdom resident, like a friend I know is, I would stick to Coinbase. Binance has been safe so far for people and they have even protected users from hacks but Coinbase, if you do not mind being KYC'd,,, is insured by the government in US and UK too.
In my opinion binance it is better than coinbase pro. They have their own coin with a big price history ( $40 ) and also I heard they actually have more than 1000 employees . About coinbase I did not hear them too much . I would recommend you to try binance
Binance has more trading options and the fees are much cheaper than Coinbase Pro. I have tried trading at these two exchanges, but Binance seems to suit me better. Of course, many new programs for new investors, but not all are good and you should consider carefully when participating. In addition, this is the only exchange that has had the most successful IEO projects and all have very high growth rates.practices, though the choose still depends from how people aimed and generates, both exchange have their capabilities and both have long term
supporters and traders who are compensating with the services.
Most people are comparing that you can cash out to your bank directly with coinbase pro and binance does not provide such a service. That is not true, I deposit and withdraw directly to my bank account but I don't know if that service is available to all countries. Besides, Coinbase pro service is also not available globally, as at the time of writing, I cannot utilize any of the services so the high fee is not justifiable. Most people that use coinbase are newbies that have not been exposed to other options with liquidity and low fee.
In my opinion binance it is better than coinbase pro. They have their own coin with a big price history ( $40 ) and also I heard they actually have more than 1000 employees . About coinbase I did not hear them too much . I would recommend you to try binance
Binance has more trading options and the fees are much cheaper than Coinbase Pro. I have tried trading at these two exchanges, but Binance seems to suit me better. Of course, many new programs for new investors, but not all are good and you should consider carefully when participating. In addition, this is the only exchange that has had the most successful IEO projects and all have very high growth rates. 
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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.
But you can use P2P Transaction of Binance Platform.
U can select which currency you are gonna use for cashout, so basically u trade with someone for selling and buying and binance will be a platform that provide this P2P transaction.
One of example, P2P transaction for cashout your crypto into fiat directly to our bank.
Most people are actually ignorant about this. Binance has lately brought out so many features that enable direct transactions from crypto to fiat and vice versa for most territories.U can select which currency you are gonna use for cashout, so basically u trade with someone for selling and buying and binance will be a platform that provide this P2P transaction.
One of example, P2P transaction for cashout your crypto into fiat directly to our bank.
In fact, where i am from we even have a local binance crypto to fiat exchange platform with very cheap transaction fees.
I think it is more of not knowing about the services of Binance. Since Coinbase is highly marketed in some areas, they thought that they can use this platform without a doubt not considering the fees involved. Some are really for convenient purposes, where they are used to changing their crypto to fiat. Like for example, if you have 2 local exchanges offering conversion of your btc to your local fiat, usually you will use the exchange that has been existing for so long already as compared to the new one, even if the new one has competitive fees and rates. It is also more of a trust factor of the user to a certain exchange.
I believe that Coinbase Pro probably gives you the best features in the package (itself) and it's not the case with Binance. If you are interested in feature-packed trading, go for Coinbase pro but if you look for lower fee structure, then Binance is a good place and they charge you around 1% commission when you open up a futures trade. Binance is also good because of the IEOs that it launches. People there head towards it when these IEOs are about to become tradeable and these EXCHANGE-based launches make you a lot of money in just a few moments. If you like to get higher profits on such things, Binance is the best place.
Binance is a gambling site.
They act, advertise, behave, and function as any modern online gambling business. Their HQ is Malta for foks sake; An island known for being a gambling paradise and money laundering "service" backed by the government.
Look at their cheap marketing material on their front page.
They look cheap but they will rekt you twice in unimaginative ways.
Their CEO is a real Shitcoin King, no joke.
On the other hand, Coinbase Pro is expensive af. They can't justify those fees.
They act, advertise, behave, and function as any modern online gambling business. Their HQ is Malta for foks sake; An island known for being a gambling paradise and money laundering "service" backed by the government.
Look at their cheap marketing material on their front page.
They look cheap but they will rekt you twice in unimaginative ways.
Their CEO is a real Shitcoin King, no joke.
On the other hand, Coinbase Pro is expensive af. They can't justify those fees.
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.
I'm using the 2 and Imma say the same things too, binance and coinbase pro are top tier exchanges however there is something with binance that you cannot take away to consider when trading. If there is one thing I like about binance, that is their futures trading, Bitmex has the same futures trading but Binance got this 125x cross leverage, it means you'll earn more than what you are suppose to earn and that's a sweet of sound to most of the beginners isn't it? 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.
You're not missing anything mate because the huge percentage payment for transaction on coinbase isn't been known to many traders and many of them don't Still be able to fetch this type of information. Coinbase is a well known cryptocurrency exchange compare to Binance in this case, due to the facts above many never looked into the exchange fees to know what sooth them. Although, for me I don't have any account with coinbase but only operating with Binance and some other decentralized cryptocurrency exchange with a minimal trade fees.
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.
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.
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.
legendary
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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.
Most newbie do not have any idea about Binance. Most of them heard about about coinbase at the beginning. Moreover, fiat availability can be another factor for that. Maybe coinbase pro offer more available fiat deposit option than Binance.
I don't think so. I'm a newbie tho and never heard much of coinbase. Maybe because of the country I am from since we have a major local exchange which have a license with the central bank and no serious competitors that's why most of people here purchase their BTCs there. I am starting to trade now and learning in the process. I mostly heard about Binance and that's where I trade now and what I like about it the most is their mobile application which is very convenient for me along with many other features. I may check coinbase pro out of curiosity and people are pointing out that there are much better options out there with what I have read so far in this thread. legendary
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Most newbie do not have any idea about Binance. Most of them heard about about coinbase at the beginning. Moreover, fiat availability can be another factor for that. Maybe coinbase pro offer more available fiat deposit option than Binance.
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. Here you can exchange just another crypto currency. As a result, even with low fees, the original service binance cannot provide you. People can cashout using coinbase pro. So here the fees are high but the benefits are also high.
Do you mean that Binance cannot make payments to online stores and Coinbase can do it?If that is your intention, isn't it from binance that we can directly send coins at low cost?
Or I misunderstood your words.
I myself do not use Coinbase because of the usage limits for my country, while Binance can accommodate use from all corners of the world, That's why I use Binance will probably be one of the Global markets that I will use. Besides, I myself became a part of the official P2P in Binance for Fiat in my country.
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
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.
This should not be a Debate because i see binance definitely coming on top.
Trading fees apart, binance now provide fiats deposit and withdrawals for over 10 countries, add that to the binance futures trading, margin trading and also the binance savings program (formerly lending).
No exchange comes close to binance, coinbase definitely has its benefit to users, but binance is better
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. Here you can exchange just another crypto currency. As a result, even with low fees, the original service binance cannot provide you. People can cashout using coinbase pro. So here the fees are high but the benefits are also high.
Yes, but you can transfer coins from Binance to Coinbase and cashout there.
I think binance is better than coinbase pro because you have chance with multi altcoin listed on Binance exchange then you have bigger way how to get profit with binance, other time if you wanna try with future trading you available try on Binance and get much profit depend how accurate your prediction.
Coinbase I don't think ever since I came into crypto I have made use of it for trading because it's mainly for BTC, ETH and so on not like BINANCE or BITTREX where by one can trade different kind of altcoin. Which in turn since am an African Binance has brought about fait deposit and withdrawal on the Go.
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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.
But you can use P2P Transaction of Binance Platform.
U can select which currency you are gonna use for cashout, so basically u trade with someone for selling and buying and binance will be a platform that provide this P2P transaction.
One of example, P2P transaction for cashout your crypto into fiat directly to our bank.
Most people are actually ignorant about this. Binance has lately brought out so many features that enable direct transactions from crypto to fiat and vice versa for most territories.U can select which currency you are gonna use for cashout, so basically u trade with someone for selling and buying and binance will be a platform that provide this P2P transaction.
One of example, P2P transaction for cashout your crypto into fiat directly to our bank.
In fact, where i am from we even have a local binance crypto to fiat exchange platform with very cheap transaction fees.
Both are good quality exchange but i would prefer Binance though. There are some reason for that of course. In Binance you can find some extra good feature like Easy to use, Have more altcoin to trade, Liquidity, Low fees, Extra trading events etc. But in Coinbase Pro you won't find some of these. If you are a altcoin lover then Coinbase Pro is not for you, i will recommend Binance for that. It's true that Binance have more good features than Coinbase pro. Then why many people compare between them..? Well it's probably newbies hype nothing else.
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 $3.75 fee on Binance. What am I missing here? Why would anyone trade on Coinebase over Binance? How can they be competitive charges such high fees? Thanks.
The fees on binance is not true , try to exchange 100$ using debit card to buy bitcoin on binance , you will see they take more than 12% fees .
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But you can use P2P Transaction of Binance Platform.U can select which currency you are gonna use for cashout, so basically u trade with someone for selling and buying and binance will be a platform that provide this P2P transaction.
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. Here you can exchange just another crypto currency. As a result, even with low fees, the original service binance cannot provide you. People can cashout using coinbase pro. So here the fees are high but the benefits are also high.
Yes, but you can transfer coins from Binance to Coinbase and cashout there.
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. Here you can exchange just another crypto currency. As a result, even with low fees, the original service binance cannot provide you. People can cashout using coinbase pro. So here the fees are high but the benefits are also high.
You can cashout from Coinbase but not with binance. That makes them useful for the ones who want their profit straight to their banks.
Binance is getting too big by the way. While I use that exchange for a very long time, I find it not easy anymore when you can't withdraw a tiny fraction of BTC without providing documents.
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.
Most people do not have much information to compare the services. Those newbies in the space hears a lot about Coinbase and their pro version so they decides to go with Coinbase I think. By the way, can you tell me from US to buy bitcoin using Bank or card which platform has reasonable fees? Coinbase or Binance? Sorry I am not from US but a friend of mine needs help to buy some Bitcoin there. 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.
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.
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