Topic: Binance vs Coinbase Pro | Which one is better? (Read 524 times)
Binance for sure. Coinbase is based in America where so many cryptocurrency antagonists there. Binance is based in Malta. Where they do their operations freely. If you compare the trading pairs offered on both Exchange. Binance offers more trading pairs so can enjoy more options but many of them are just props and not worth investing. Coinbase is just meticulously choosing what they're going to list. But for sure that cryptocurrency will boom. Coinbase is secured tho. But how long. Binance was hacked before but covered the lost funds. Which is a good thing.
Binance definitely. Binance is the biggest cryptocurrency exchange in the world. Binance has very huge liquidity and more user-friendly than Coinbase Pro. Binance is available for over 150 countries around the world but Coinbase Pro is open for less than 50 countries all over the world. Binance is better without a doubt.
Coinbase Pro has very attractive rates, it is also necessary to emphasize that for the United Kingdom they have had some limitations and problems, but everyone likes low rates.
On the other hand Binance is having a great growth, an Exchange that has been known to recover after having suffered an attack where a lot of BTC was extracted, where it has brought a great attraction for traders that is the leverage of 125x, where it is much larger than Bitmex and where they not has haved mass liquidations as in Bitmex. Undoubtedly Binance is gaining much more confidence and is having more acceptance, I think Binance can go winnig over Coinbase Pro. You can expand Binance Information in 125x here: https://decrypt.co/10549/binance-offers-125x-margin-borrowing-for-high-risk-margin-traders
On the other hand Binance is having a great growth, an Exchange that has been known to recover after having suffered an attack where a lot of BTC was extracted, where it has brought a great attraction for traders that is the leverage of 125x, where it is much larger than Bitmex and where they not has haved mass liquidations as in Bitmex. Undoubtedly Binance is gaining much more confidence and is having more acceptance, I think Binance can go winnig over Coinbase Pro. You can expand Binance Information in 125x here: https://decrypt.co/10549/binance-offers-125x-margin-borrowing-for-high-risk-margin-traders
binance is more popular in the crypto trade while coinbase is more often for wallets, I myself have long joined in Coinbase but have never traded, I guess people will also choose binance as the main exchange..
Binance is also not too bad for beginners to use because they have very good and user friendly platform that will be easy for newbies to get adjusted to and when it comes to low fee trading fee, they have one of the lowest trading fee that you can find in the market and also, they have the largest trading volume so far which makes transaction do fast and able to get executed immediately.
Coinbase is also a very good exchange too, at least they all belong to group of ten top exchanges that is classified as reliable exchanges that we have, so I will really not dispute that fact that Coinbase exchange is also a very good one, anyone that is used out of the two can still be relied on, but my choice is actually binance for now, I love them and find no reason to abandoned them.
Coinbase is also a very good exchange too, at least they all belong to group of ten top exchanges that is classified as reliable exchanges that we have, so I will really not dispute that fact that Coinbase exchange is also a very good one, anyone that is used out of the two can still be relied on, but my choice is actually binance for now, I love them and find no reason to abandoned them.
Coinbase Pro is one of the safest exchanges ever where every year Binance goes through hack issues! Both are great exchange, Coinbase Pro has lower fees than Binance. But Binance has almost 400 coins listed when Coinbase Pro has only 20-30 coins, and Coinbase is not supported in every country. So, you can go to both exchanges, but overall I prefer Coinbase Pro.
both have good reputation and number of the trader community. the advantage maybe that in binance there are many choices of coins and unique interfaces and KYC we can do now or later, we will still be able to do a trade even though we haven't done KYC, while for coinbase the advantages are in low fees and simple interface but must have to do kyc.
For beginners who are looking for a simple market exchange place, I agree to recommend CoinBase Pro because fee is low and simple.
For beginners who are looking for a simple market exchange place, I agree to recommend CoinBase Pro because fee is low and simple.
I almost never use coinbase, let alone use coinbase pro, but I also almost never use other exchangers like binance,
because in my opinion the exchange standard should look at binance, it's just that unfortunately for the fee it is a bit expensive.
but if the problem of withdrawal speed, I recommend yobit, I often withdraw on yobit using LTC and no more than 3 minutes have arrived at the wallet.
but still, for the appearance and also the convenience of binance is still better in my opinion when compared to any exchange.
because in my opinion the exchange standard should look at binance, it's just that unfortunately for the fee it is a bit expensive.
but if the problem of withdrawal speed, I recommend yobit, I often withdraw on yobit using LTC and no more than 3 minutes have arrived at the wallet.
but still, for the appearance and also the convenience of binance is still better in my opinion when compared to any exchange.
Definitely, i am going with Binance because this is world wide popular crypto-currency exchange and even it’s a top ranking exchange. I think the comparison within both of exchanges it’s really unpair. But on the other hand Coinbase Pro is not familiar exchange for everyone i think and here some of the top ranking coin listed so i think it’s very limited. There are no listed any new alts coins what the hell. Still i didn’t use this exchange.
Isn't this more about what you want? I mean the person who uses coinbase pro must be from America as far as I know for the ease of use, sure you can be from somewhere else but it won't be similarly easy. Plus moving even fiat is easy when you are dealing with bitcoin, just withdraw bitcoin to your local vendors account and get fiat instead. Still, if you want to do btc-usd or one of those main pairs I guess coinbase is not really that bad, could be used.
However, personally I would pick Binance all the time, it is better in every aspect imaginable and I would say they are better at even fiat trading thanks to having USDT pairs as well. Thats my opinion of course, I never used Coinbase so it could be biased but having Binance and not needing anything else also speaks for itself.
However, personally I would pick Binance all the time, it is better in every aspect imaginable and I would say they are better at even fiat trading thanks to having USDT pairs as well. Thats my opinion of course, I never used Coinbase so it could be biased but having Binance and not needing anything else also speaks for itself.
I put much more confidence in Coinbase in that regard, and they haven't ever been hacked as far as I'm aware of, and they are less likely to hire a third party kyc desk.
I dare to question that.... I mean, every single exchange has been hacked and lost a shit ton of coins in the process, so it's not far fetched at all to at least consider the scenario of them being hacked.Coinbase has a lot on the line in terms of reputation, because the general assumption is that they are never hacked and that their security is top notch, and this provides them enough incentives to never admit that they have been hacked.
to this day I still believe in the binance exchange place even though some time ago there were a lot of problems that occurred at the binance exchange place but I am still very confident in the exchange place that can generate a lot of profit.
A better 'con' for Binance is that they're in a sort of gray area in terms of regulations; hence Binance has different versions(e.g. Binance(international), Binance Jersey, Binance US).
That grey area is tightening every month that goes by, where the end result will be that a whole lot of no-kyc users will be trapped inside Binance's ecosystem. The only way out is to hand over Binance your ID and whatnot, but after what happened with their third party kyc desk, I'm not sure if that's smart to do.
I'm sure that Binance has taken some extra security measures, but nothing guarantees you that they don't still use a kyc desk somewhere in India or other third world country.
I put much more confidence in Coinbase in that regard, and they haven't ever been hacked as far as I'm aware of, and they are less likely to hire a third party kyc desk.
Oh I definitely see it coming in the future. Might be in more than a year, but that day is probably coming. New Jersey and the United States are the first pieces of the domino, and the other dominoes are up next to fall in the future.
But yea, thankfully Binance is announcing AML/KYC restrictions ahead of time(a month in advanced I think?), so the effect isn't that bad compared to some exchanges that require AML/KYC information all of a sudden.
I think for newbie's it would be good to choose coinbase but for the old time crypto owners or traders they would provably choose binance over coinbase pro.
Coinbase pro would be good if you would do a daily transaction since it have a low fee but for trading it is more efficient to use binance since most of us are already comfortable and it already proves that it is the best in keeping your funds,
It have shown us how it handle the worst case scenario when their site got hack with $40M so I think it is one of the best trading site right now.
Coinbase pro would be good if you would do a daily transaction since it have a low fee but for trading it is more efficient to use binance since most of us are already comfortable and it already proves that it is the best in keeping your funds,
It have shown us how it handle the worst case scenario when their site got hack with $40M so I think it is one of the best trading site right now.
For trading huge amount I would choose Coinbase because of lower fees.
For having an opportunity to trade more, I would choose Binance, due to its high number of trading pairs.
if we compared in fees, i am agree ciinbase has lower fee.but if we compare the coin variousity in trading platform, binance provide more coins.and as trader that looking the opportunity of course it will give us more advantages.we will freely choose which coins that will traded in order to get profits. For having an opportunity to trade more, I would choose Binance, due to its high number of trading pairs.
For trading huge amount I would choose Coinbase because of lower fees.
For having an opportunity to trade more, I would choose Binance, due to its high number of trading pairs.
For having an opportunity to trade more, I would choose Binance, due to its high number of trading pairs.
I would prefer to trade on Binance because there are more traded pairs and promising IEOs are launched. However, users funds on the Coinbase exchange are more protected from a legal point of view. Therefore, if you trade only the main cryptocurrencies, you may be approached by the option of working on this exchange.
A better 'con' for Binance is that they're in a sort of gray area in terms of regulations; hence Binance has different versions(e.g. Binance(international), Binance Jersey, Binance US).
That grey area is tightening every month that goes by, where the end result will be that a whole lot of no-kyc users will be trapped inside Binance's ecosystem. The only way out is to hand over Binance your ID and whatnot, but after what happened with their third party kyc desk, I'm not sure if that's smart to do.
I'm sure that Binance has taken some extra security measures, but nothing guarantees you that they don't still use a kyc desk somewhere in India or other third world country.
I put much more confidence in Coinbase in that regard, and they haven't ever been hacked as far as I'm aware of, and they are less likely to hire a third party kyc desk.
if you don't have the experience of both, then you can try each with the capital you have, so the capital you have is divided into trading in both markets and after that you can have experience and can conclude which exchange is good, for me itself prefers a binance exchange place.
Coinbase Pro has low fees - we all love low fees. Go Coinbase.
They used to have low fees. Last year they even had 0% maker fees across the board. Now they charge 0.5% at the lowest tier: https://support.pro.coinbase.com/customer/en/portal/articles/2945310-fees
That's even higher than Gemini ActiveTrader. It's way higher than Kraken, let alone Binance. Binance's fees are only 0.1%.
- Collect users data such as IP addresses
To be fair, I'm pretty sure every exchange does it for security reasons; as for them to get notified if your account was logged in from an IP address of a different country. A better 'con' for Binance is that they're in a sort of gray area in terms of regulations; hence Binance has different versions(e.g. Binance(international), Binance Jersey, Binance US).
As I can see here more replies were in favor of Binance exchange compared to Coinbase pro. I personally choosing Binance because of no KYC/AML implementation if you are in a small amount trader. I can use my trading bot tools in Binance and that perfectly works for me.
Here are my personal Cons and Pros in Binance.
Pros:
- Having a good reputation
- Easy to use UI especially newcomers.
- Listed over a hundred kinds of cryptocurrencies
- Low transaction fees (Withdraw and Deposit)
- They support and avail many languages
- Having a great reward for affiliate
Cons:
- App version is difficult to use
- Collect users data such as IP addresses
Here are my personal Cons and Pros in Binance.
Pros:
- Having a good reputation
- Easy to use UI especially newcomers.
- Listed over a hundred kinds of cryptocurrencies
- Low transaction fees (Withdraw and Deposit)
- They support and avail many languages
- Having a great reward for affiliate
Cons:
- App version is difficult to use
- Collect users data such as IP addresses
Binance is far away from Coinbase, obviously traders choice is Binance. A high volume of coins and more coins to trade that what traders looking for not just only a one in a time withdrawal fee because you are preferred by the fee. Even though Binance has experienced hacking incidence I will still prefer to use this exchange site because I did not see better than this and Coinbase is nothing compared to Binance.
I prefer Binance because it is a very easy to use exchange and does not require users to implement KYC so this exchange is a good choice for everyone. I have been using this exchange for over 2 years now and everything is great here. Binance does not need to be highly ranked at CMC but everyone knows this exchange has the highest trading volume in this market and can trade at any time if you like.
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For education purposes, much better if you will suggest to newbies to test Binance to feel much the experience of doing trades. Volume-wise, those newbies will feel the pressure on Binance compared to Coinbase Pro.
It seems to me that contrary, beginners need to start with less loaded of information exchange which is useless (for a beginner). To begin with he must learn to consider the price change for a selected period of time, to understand how profitable it is or not to engage in cryptocurrency trading. Only then learn to use technical analysis, moving averages, japanese candles, and so on. Coinbase have a regular line chart that does not scare a beginner. There is nothing good in scaring away newcomers from trading, someone must brings profit to the market=) 
Do you guys have a preference? I'm leaning towards binance because I know what I'm doing but I might suggest newbies coinbase pro to begin with...
For education purposes, much better if you will suggest to newbies to test Binance to feel much the experience of doing trades. Volume-wise, those newbies will feel the pressure on Binance compared to Coinbase Pro.
However, it's more convenient to deposit funds on Coinbase especially to their supported countries but it doesn't mean depositing in Binance is a hassle.
We have different preferences here but since TRADING is the main purpose (I will assume), Binance is a good choice. No need to undergo KYC which will make newbies confident during their early phase of doing trades.
Theyre both good in my opinion but when in terms diversity I choose Binance with wide variety and pretty high volume while coinbase has very limited choices of coins to trade. I think Coinbase could have been bigger than Binance if they keep on adding new coins long time ago, maybe because of tight regulation thats why they are afraid to do so.
Binance is a more advanced cryptocurrency exchange compared to Coinbase Pro as Binance has more cryptocurrencies to trade.
Not saying that Coinbase Pro is superior to Binance(because I have no idea what's going on in their back-end software), but more coins =/= more advanced.Coinbase Pro is a very small cryptocurrency exchange with fewer crypto trading pairs compared to Binance. Binance trading volume almost triple the Coinbase trading volume.
Coinbase Pro has a lot less trading volume compared to Binance(obviously, because Binance supports a lot more coins/tokens), but Coinbase Pro is definitely not a "very small" cryptocurrency exchange. 
Binance is a more advanced cryptocurrency exchange compared to Coinbase Pro as Binance has more cryptocurrencies to trade. Coinbase Pro is a very small cryptocurrency exchange with fewer crypto trading pairs compared to Binance. Binance trading volume almost triple the Coinbase trading volume.
Binance is far away from Coinbase, obviously traders choice is Binance. A high volume of coins and more coins to trade that what traders looking for not just only a one in a time withdrawal fee because you are preferred by the fee. Even though Binance has experienced hacking incidence I will still prefer to use this exchange site because I did not see better than this and Coinbase is nothing compared to Binance.
Personally I prefer Binance because they have such a wide range of altcoins and good liquidity + an ecosystem built around them. I like the design of Binance and their branding more as it resembles with the Byzantium Empire that represents wealth and abundance. They are also the biggest altcoin exchange there and just added futures trading with more leverage than you can find on margin trading focused platforms like Bitmex, Deribit or Bybit. On the other part it is very cool that Coinbase offer 0% maker fees so if you are doing market making, CB should be a much more appealing option.
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Binance is best to my end. Because I can use this exchange without kyc and lots of project are listed here. On the other hand I not able to trade on coinbasw pro and it has not trading pair like as binance.
Anything is better than coinbase unless it is outright a scam which coinbase is pretty close to be one. If you compare these two only, binance by far better than scambase. Coinbase is a paranoiac US bank. If you want to be tagged by the US government agents, use coinbase.
Cool side by side analysis that I found:
https://cryptotradernews.com/investing-trading/coinbase-pro-vs-binance-a-side-by-side-comparison/
Do you guys have a preference? I'm leaning towards binance because I know what I'm doing but I might suggest newbies coinbase pro to begin with...
Because I trade more often, so I prefer binance because it has more spot crypto markets. in various things written in the article, Coinbase Pro is indeed preferred by old users. disadvatages and advantages of binance and coinbase pro, it is very true and I agree with that article.https://cryptotradernews.com/investing-trading/coinbase-pro-vs-binance-a-side-by-side-comparison/
Do you guys have a preference? I'm leaning towards binance because I know what I'm doing but I might suggest newbies coinbase pro to begin with...
I dont have much experience on using up Coinbase pro but pretty sure that they are much more heavily regulated.
Definitely. You don't even have to do research to come to a conclusion that Coinbase is a lot likely to be more regulated compared to Binance. Coinbase is operating in the United States which is obviously a lot stricter with it's laws, whereas binance had to hop countries and ended up in Malta for them to be able to continue operating.
https://support.coinbase.com/customer/en/portal/articles/2689172-coinbase-regulatory-compliance
Like the article said - If you're starting out coinbase is easier to navigate. Binance can seem a bit intimidating as it offers more tools to use.
Binance if you trade a wide variety of cryptocurrencies.
Coinbase Pro if you only trade a small number of cryptocurrencies(Coinbase has like 20+ in contrast to Binance's hundreds). The advantage of Coinbase is that it's more regulated hence a scamquit sort of move is a lot less likely to happen.
Regardless of choice, do not store funds on exchanges unnecessarily. Why? Because this: https://cryptosec.info/exchange-hacks/
Good differentiating among the two.I dont have much experience on using up Coinbase pro but pretty sure that they are much more heavily regulated.Coinbase Pro if you only trade a small number of cryptocurrencies(Coinbase has like 20+ in contrast to Binance's hundreds). The advantage of Coinbase is that it's more regulated hence a scamquit sort of move is a lot less likely to happen.
Regardless of choice, do not store funds on exchanges unnecessarily. Why? Because this: https://cryptosec.info/exchange-hacks/
For those people who dont like to be tied in the neck for too tight then better choose up Binance but for those who doesnt even care about it then they can choose Coinbase
but as mentioned when it comes to selection of coins to be traded then its clear on whose much better with this aspect.
To be honest if you try out the whole BNB experience you'll realize tht Binance's fees aren't that bad. Plus binance offers many more coins to trade from.
I have never used Coinbase Pro exchange, often what I use for day-to-day, yes Binance, I'm already comfortable in the Binance exchange, so to compare I prefer Binance.
Binance if you trade a wide variety of cryptocurrencies.
Coinbase Pro if you only trade a small number of cryptocurrencies(Coinbase has like 20+ in contrast to Binance's hundreds). The advantage of Coinbase is that it's more regulated hence a scamquit sort of move is a lot less likely to happen.
Regardless of choice, do not store funds on exchanges unnecessarily. Why? Because this: https://cryptosec.info/exchange-hacks/
Coinbase Pro if you only trade a small number of cryptocurrencies(Coinbase has like 20+ in contrast to Binance's hundreds). The advantage of Coinbase is that it's more regulated hence a scamquit sort of move is a lot less likely to happen.
Regardless of choice, do not store funds on exchanges unnecessarily. Why? Because this: https://cryptosec.info/exchange-hacks/
If you're just starting out then do coinbase - but you're soon going to notice the limit of coins.
Coinbase Pro has low fees - we all love low fees. Go Coinbase.
Cool side by side analysis that I found:
https://cryptotradernews.com/investing-trading/coinbase-pro-vs-binance-a-side-by-side-comparison/
Do you guys have a preference? I'm leaning towards binance because I know what I'm doing but I might suggest newbies coinbase pro to begin with...
https://cryptotradernews.com/investing-trading/coinbase-pro-vs-binance-a-side-by-side-comparison/
Do you guys have a preference? I'm leaning towards binance because I know what I'm doing but I might suggest newbies coinbase pro to begin with...
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