Binance vs. Coinbase

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
Binance
Score 8.2 out of 10
N/A
Binance is a global blockchain and cryptocurrency infrastructure provider with a financial product suite that boasts the largest digital asset exchange by volume.N/A
Coinbase
Score 7.9 out of 10
N/A
Coinbase is a digital currency exchange (Coinbase Pro) and crypto-oriented software solution suite for businesses, including hosted checkout pages, payment buttons, invoicing, and multiple ecommerce integrations (Coinbase Commerce), a turnkey solution for brokerages, exchanges, and fintechs enabling them to offer customers crypto (Coinbase Prime), crypto asset custody (Coinbase Custody), and a wallet to self-store crypto (Coinbase Wallet).
$0.20
taker fee
Pricing
BinanceCoinbase
Editions & Modules
No answers on this topic
$100K-$1M
$0.20
taker fee
$10-50K
$0.35
taker fee
<$10K
$0.50
taker fee
Offerings
Pricing Offerings
BinanceCoinbase
Free Trial
NoNo
Free/Freemium Version
NoNo
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional Details
More Pricing Information
Community Pulse
BinanceCoinbase
Considered Both Products
Binance
Chose Binance
Binance is very similar to Coinbase, however, Coinbase feels more grounded and user-friendly. However, this could just be the interface. Binance has more available tokens and coins, and lower transaction fees. This is very important when volume comes into play for the future. …
Chose Binance
The better amount of currency to currency exchanges available. Binance platform has it set in a way to do more advanced trading via triggers and setting points at buying and selling possibilities. It is a proven exchange over time that gives you the confidence that the platform …
Chose Binance
We found that Binance has a better fee structure. We also found Binance to be much easier to use. I have a little bit of experience in the trading space, but it was essential to have an easy-to-use platform for inexperienced employees to use while keeping up with new technology.
Coinbase
Chose Coinbase
Binance didn't seem to be something I would have wanted to jump into as a novice, and at the time it wasn't approved to operate in the US.
Chose Coinbase
Coinbase provides better security than its other market competitors and its insurance program allows us to be stressed free of our investment. It What I liked best about Coinbase was how simple it was to transmit cryptocurrency from one account to another via email and that …
Chose Coinbase
In terms of security, speed, and pricing, Coinbase outperforms other bitcoin services. It has assisted us in making sound investments and offers us with high passive returns. In compared to others, Coinbase performed admirably.
Chose Coinbase
Coinbase is one of the best in the industry for SME custody-focused investment companies. We were able to complete our objectives with Coinbase. We selected Coinbase as we were familiar with their UI from personal trading experiences. Originally, compared to its competitors, …
Chose Coinbase
Coinbase is easier to use and has a nice simple user interface. However, it may be lack some of the alternative coins, that we do not accept anyway. It easily allows you to keep track of what is going on. It also lets you see in real-time your balance and notifications are …
Top Pros
Top Cons
Best Alternatives
BinanceCoinbase
Small Businesses
Coinbase
Coinbase
Score 7.9 out of 10

No answers on this topic

Medium-sized Companies
Coinbase
Coinbase
Score 7.9 out of 10

No answers on this topic

Enterprises

No answers on this topic

No answers on this topic

All AlternativesView all alternativesView all alternatives
User Ratings
BinanceCoinbase
Likelihood to Recommend
8.1
(12 ratings)
8.4
(28 ratings)
Usability
-
(0 ratings)
9.0
(1 ratings)
Support Rating
-
(0 ratings)
6.4
(2 ratings)
User Testimonials
BinanceCoinbase
Likelihood to Recommend
Binance
If you are into crypto, it is definitely a platform that needs to be used for your business if you want to adapt to a modern-day solution. Especially with a lot of exchanges platform or crypto platforms around, I do think it's a good idea to find one that is highly regulated and well known in the industry. That's why Binance is a go too platform.
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Coinbase
I think Coinbase is extremely suitable for people who are just starting to get into crypto-related activities. Based on how easy it is to use along with the brand recognition I think it offers beginners a better sense of security. Just like all trading platforms, it is extremely easy to get carried away as you only have to confirm your purchase twice and it goes through. It would not be very suitable for those who have little self-control.
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Pros
Binance
  • Has the best data, tables and choices of all platforms out there.
  • Best charges / prices with quick transfers of currency from fiat banks to Binance
  • Best selection of currencies
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Coinbase
  • Coinbase has a really nice looking design which offers for a better user experience.
  • Coinbase is extremely easy to use.
  • Coinbase does a great job delivering company news/changes to its users.
  • Coinbase offers frequent updates which makes you feel more secure using their services.
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Cons
Binance
  • You have to login every time you use it due to security concerns.
  • The fees and charges are not clear sometimes
  • Make sure you go through the terms carefully before using any platform.
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Coinbase
  • Just like other apps(venmo, cashapp, PayPal) it keeps all your trade portfolio under coin based. Not transferable
  • Even though, they give you a starting balance of $10. They do wants you to put at least $10 of your money
  • The training video are simple. Learn about US dollar coin, USD, and bitcoin. But it doesn't teach you how to be a savvy trader. That will take additional education
  • You can't add small cryptocurrency like BAR to your portfolio. It certain amount to trade with.
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Usability
Binance
No answers on this topic
Coinbase
The application and desktop versions are updated regularly and rarely experience down time.
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Support Rating
Binance
No answers on this topic
Coinbase
I haven't needed to contact support for Coinbase yet—it's probably because it is super easy to use and very intuitive. If I were to use the support, it would probably be better than these other companies because most of the other ones come from foreign markets or aren't as big as Coinbase.
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Alternatives Considered
Binance
We found that Binance has a better fee structure. We also found Binance to be much easier to use. I have a little bit of experience in the trading space, but it was essential to have an easy-to-use platform for inexperienced employees to use while keeping up with new technology.
Read full review
Coinbase
Coinbase is just better overall, with access to investments that can be traded for USD. As well as the crypto that can gain interest, Coinbase is amazing at educating the user along with providing real-time data, that allows the user to make the best decision they can when making this kind of risky investment. Coinbase takes the risk out of Crypto.
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Return on Investment
Binance
  • It gave good opportunity for investment which resulted in good ROI
  • It's better than Indian Exchanges as the manipulation is high there
  • It's the best platform to check the actual prices of coins as other applications nowadays are fluctuating in prices
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Coinbase
  • It's saved time from figuring out how to buy and sell cryptocurrencies
  • It makes monitoring market prices and fluctuations in the value of crypto holdings very easy and simple. Which also saves time.
  • We don't do as high of volume so the lower transaction costs even though there is a slight premium saves us a lot of money in contrast to many of the exchanges that can charge 4-5+% transaction costs.
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