![]() ![]() To get listed on either exchange requires a submitted proposal and thorough vetting. But what that means is investors using these exchanges are somewhat less likely to get sucked into a pump-and-dump scheme. With more than 4,500 cryptos in circulation worldwide, neither Binance nor Coinbase offer comprehensive access. But in an effort to keep the the government off our backs, we won’t go down that rabbit hole. Of course, there are ways to circumnavigate these issues using a VPN. And there are several states that don’t allow access to Binance. But – and this is a big BUT – this is the case only for those living outside of the U.S. So for the little bit of extra effort it takes to start trading on Binance, you do get extra access. But Binance offers access to more than 500 different cryptocurrencies. You can easily find the regular suspects like Bitcoin, Ethereum and, of course, the head-scratchingly popular Dogecoin. But they may not have them all…ĭepending on where you live, Coinbase offers access to around 60 cryptocurrencies. And they’ll both have many of the cryptos you might want to invest in. They’re both solid places to get started trading crypto. Coinbase, it is like the New York Stock Exchange and Nasdaq. When it comes to the battle of Binance vs. But once funds are secured in the account, buying crypto here is just as easy as on Coinbase. In my personal experience, it’s taken several attempts over the course of a couple days to successfully connect my Binance and bank accounts. And it’s also the cheapest route.īut there have been some hiccups in the actual process. Or you can attach a bank account.īinance uses the service Plaid to connect, encrypt and protect personal financial data when you connect a bank account. The other option for adding funds to your account is to attach a debit card (this comes with a 4.5% transfer fee). But keep in mind there is a $15 transaction fee that comes with this. You can wire money directly to your account by filling out a form. So it’s naturally a bit more difficult to buy crypto there. When it comes to transferring funds to your account, it’s a bit more difficult with Binance. These latter two options circumnavigate the $750 daily limit. Another option is to use a wire transfer to transfer cash into or out of a Coinbase account. You can also attach your bank account right to your Coinbase account to buy crypto, deposit cash and process buy orders instantly. For those who would prefer to not use a credit card, there are plenty of other options as well. The lone downfall is that new users have a $750 buying limit per day. ![]() It’s hard to imagine it getting much easier than this. Here’s what it looks like buying $500 worth of Ethereum: ![]() All you need to do is attach a credit or debit card to your account and start buying. Coinbase shows that the mystery and difficulty can be erased.Ĭoinbase makes it about as simple as it can be to buy crypto. There’s a certain level of mysticism that seems to shroud the buying of crypto. If you miss the joys of the Windows XP experience and prefer substance over style, Binance is for you. Coinbase, here’s the deal… If you like big icons and simplicity like an Apple computer, Coinbase wins this round. Here it boils down to personal preference. But Binance offers more info right off the bat. Below those boxes is information about any open orders you may have and your personal trading level.īased on its homepage alone, Coinbase looks a little slicker. Being able to see whether your account has been logged into from other locations can be useful. This is a nice touch for those with security in mind. Below that is information regarding logins. There is an announcements box right next to it that shows the latest updates to your account. This one also starts by showing the details of your balance. But with the extra clutter, you get more information. The Binance home screen is a little busier. And a little below that, your portfolio is displayed. And if you scroll down, you can check out the cryptos on your watch list. Upon logging in, you can see your balance. Coinbase: the InterfaceĬoinbase’s home screen is clean and straightforward. Let’s start with the most basic aspect of the two exchanges… Binance vs. But we’ll get into more details on that below. Traders looking for small cap coins, coins with lower trading volume or new cryptos on the market will probably have to look elsewhere. But even still, these exchanges don’t have all the answers for all investors. So, between the two, most investors can find what they’re looking for in one of the two. What it really boils down to is how you plan to invest in cryptocurrencies.īinance and Coinbase are the two biggest crypto exchanges out there based on volume. Coinbase? Which one’s best suited for your needs? It’s a trickier question than you might think. ![]()
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