Here, you will know about both the cryptocurrency options – Binance and Coinbase. However, the difference will make you understand their features and how they are differentiated from each other. Binance and Coinbase Global are the two reputed cryptocurrency exchanges that you can see. Both of them allow you to buy, sell and trade cryptocurrency, but their platforms are totally different from each other.
Binance cryptocurrency platform was launched in 2017, and it has fast gained its popularity in the trading market. It helps in recording the daily activities of the crypto exchange and also provides lots of features. Unfortunately, the investors who are staying outside the United States can only use the Binance.com platform. On the other hand, those staying within the United States can use the Binance.us version, which has very few choices to comply with the federal government regulations.
When talking about Coinbase, it was introduced in the market in 2012, and hence it is the oldest cryptocurrency used. It is very popular among the investors who are living in the U.S. They like this platform as it is user-friendly and also has mobile app support. So those who want to owe the cryptocurrency should take help of it. For helping the investors to decide which is better- Binance or Coinbase and you will also be able to know the features of both and the comparison of coinbase vs binance.
Check out the main features of Binance-
- This cryptocurrency is mainly designed for several advanced trading. It is having more features than Coinbase and also performs most other types of exchanges. It is the multiple trading interface that has the classic and the advanced versions. It is available in all versions of Binance platforms.
- If you are an investor from outside the U.S, you will surely find out the features like –
- Margin trading
- Non-fungible tokens
- Crypto borrowing
Check out the main features of Coinbase.
Coinbase mainly prioritizes usability for traders of all experience levels. This platform is easy to navigate, intuitive design, whether accessed from the computer or through the mobile app. It functions similarly to any stock brokerage available in the market.
Coinbase Pro is the more advanced version of the Coinbase trading platform available at no extra charge. Coinbase Pro provides an exchange where cryptocurrency traders can buy and sell from one another, and it also offers chart features.
- Learn and earn: This section allows the users to earn several free cryptos by completing educational modules on the site.
- Latest Newsfeed by A built-in news feed that keeps users always informed about the latest in crypto.
- PayPal integration: Users can buy crypto using PayPal (NASDAQ: PYPL) and withdraw funds directly to PayPal accounts.
What Are The Currencies Available On Binance And Coinbase
Binance.com or the (ones outside who live outside the U.S) offers 591 cryptocurrencies, while Binance.us, for the only U.S-based platform, supports only 58.
On the other hand, Coinbase offers 75 cryptocurrencies. In addition, Binance has issued its currency, called the Binance Coin (CRYPTO: BNB), one of the largest cryptocurrencies you can find, but it is not available on Coinbase.
If you look, the international version of Binance has the largest number of currencies; cryptocurrency selection is a strong point of all three exchanges. Unfortunately, many top cryptocurrency exchanges offer only 20 to 40 coins.
What Should you use – Binance or Coinbase?
The international version of Binance is best if you are an experienced investor who wants advanced features and low fees both at the same time.
Binance.com is one of the most reliable and popular platforms with features like multiple trading interfaces, staking, and program derivatives. It also has a cryptocurrency selection, with 100 coins available for trading.
But for U.S. investors, Coinbase is likely your best option as there is no restriction to use. It’s one of the best cryptocurrencies for beginners because it is very easy to use and has educational content, and more experienced traders can opt for Coinbase Pro. Both versions of the Coinbase platform have plenty of cryptocurrencies from where you can choose. Now, you can get the idea of the best cryptocurrency to invest in 2021, which will help make trading easier.