Both of these exchanges have different approach for the customers. Binance is designed more for those with experience in trading and a steep learning curve. While Coinbase is a US-based exchange that was created to provide a more straightforward interface and limited types of transactions. Though Binance has tried to provide a simple interface to the users by dividing it into three levels depending on the experience of users but was not able to make it as easy as Coinbase. 

In this blog, we will discuss the differences in features between Binance vs Coinbase. 

Difference in Features

As we know that both platforms are designed for different sets of people, so pointing out differences between their features will be easy and you can select any one of them without too much evaluation.

Binance will give you the following features:

• It has orders of 7 types.
• Users can use the wallet of any third party.
• Users of more than 180 countries can deal on the platform but only 46 states can deal on Binance US, and it does not include Vermont, New York, Hawaii, and Texas. 

Though Coinbase provides more features to US residents but for international users it might be limited. A list of those features are:

• It available in more than 100 countries along with 49 states except for the users of Hawaii.
• Subscribe to a newsletter that will inform you about the latest news to keep you updated.
• After watching some short videos, you can also earn some cryptocurrencies.

Variation in fees

This is a crucial point of difference between Binance vs Coinbase. After some evaluation, we can say that Binance is one of the lowest fees charging platforms in this industry. And if we talk about Coinbase, the exchange does not disclose any information about its fees online.  Users of Binance who hold BNB tokens can use them to make any payment and avail of an additional discount of 25%. And if you trade in high volume then you can apply for VIP traders and then avail some discounts.

Though we can only disclose the fees charged by Binance and not Coinbase because of its non-disclosure. 

Availability of Currencies

Binance gives the non-US users have a large variety of currencies available of over 600 cryptocurrencies but for the traders of the US, the number drops down to only 100 listed cryptocurrencies. Coinbase offers more than 179 cryptocurrencies to be available for trading. Both platforms also support a variety of fiat currencies but if we look into the total number, Binance has more number of supported fiat currencies. But, both firms don't need to have the same type of cryptocurrencies available, it is possible that some currencies that are available on Binance might not be available on Coinbase and vice versa. In our comparison of Binance vs Coinbase, the difference in supporting currencies was also an important point that can influence your decision. 

Final Verdict

If we look from the fees point of view, then you can say that Binance is the better option. But from an overall comparison, we can say that Coinbase wins this battle of Binance vs Coinbase. Anything that a trader looks at on any exchange before using it is on Coinbase whether it is more trading options, better support facility, ease of use, etc. We are not forcing you to select Coinbase based on just our blog, before making any decision think about it thoroughly and choose what’s best for you