In terms of fees, Binance charges lower trading fees than Coinbase. As such, if you are looking to invest in niche altcoins or lesser-known cryptocurrencies, Binance may be a better choice for you. Coinbase only supports a small number of different coins, while Binance has hundreds of different coins and tokens listed. Coinbase, on the other hand, attracts a more casual crowd of cryptocurrency beginners who are just getting started with digital currencies.Īnother important distinction is the type of digital currencies supported by each platform. Binance tends to be more popular among experienced traders who are looking for a wide variety of trading options and features. One key difference between the two platforms is their respective user bases. Coinbase - which should you choose?īoth Binance and Coinbase are popular cryptocurrency exchanges used by millions of people around the world to buy and sell digital currencies. Ultimately, the choice is up to you and what your individual needs are. However, if you prefer having access to a wider variety of coins and ICOs, Binance could be a better option. If you are an American investor and want to use a reputable service that is easy to navigate, Coinbase may be the right choice for you. In addition to these options, Binance allows users to participate in initial coin offerings (ICOs), which is a way for companies to sell their cryptocurrencies and get funding.Īlthough Coinbase and Binance are both well-regarded exchanges, there are some tradeoffs to consider when choosing between the two. Binance allows users to trade Bitcoin, Ethereum, Litecoin, Monero, and other popular altcoins. However, it is not available in as many countries. The exchange has become highly popular in the United States, which is why it is often considered the go-to service for American cryptocurrency investors.īinance has a larger selection of coins than Coinbase does. Coinbase supports Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. Coinbase - which should you choose?Ĭoinbase serves as a wallet for users of digital currencies and offers a way to buy and sell coins.
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