Binance vs. Coinbase
Binance is a better fit for people familiar with cryptocurrency lingo and investing options, whereas Coinbase is built for convenient, easy trading.
Both exchanges provide mobile apps with varying functionalities.
For instance, the Binance and Coinbase apps rate 4.7 out of 5 stars on Apple’s App Store.
Performance Metrics
In both the CoinMarketCap metrics and our custom analysis of the trades executed on the two exchanges, we see Coinbase Pro as the clear winner.
Coinbase Pro consistently has a higher trading volume, higher liquidity, and lower slippage than Binance US.
User Base and Accepted Cryptocurrencies
Clearly, if comparing Coinbase vs Binance, the bigger active user base is gathered by Binance with around 13.5M users, whereas Coinbase has around 13.3M active users.
If we look at the cryptocurrencies that are accepted by these exchanges, we can see that Coinbase has a higher number of acceptable crypto than Binance.
The Companies
Binance was founded in China but moved its servers and headquarters out of China and into Japan in advance of the Chinese government ban on cryptocurrency trading in September 2017.
In August 2018, Binance along with three other big exchanges raised $32 million for a stablecoin project.
Recommended Cryptocurrencies for 2021
The best cryptocurrencies to buy on the dip:
- Bitcoin (BTC)
- Ethereum (ETH)
- Solana (SOL)
- Avalanche (AVAX)
- Yearn.finance (YFI)
- Polygon (MATIC)
- Dogecoin (DOGE)