Binance.US vs. Coinbase: Coinbase Is Better for Most Crypto Investors - Aliens: AI Crypto News & Markets Updates
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Binance.US vs. Coinbase: Coinbase Is Better for Most Crypto Investors

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NextAdvisor

Tue, May 03, 2022

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Coinbase and Binance.US are two well-known exchange options, but experts have consistently told us Coinbase is among the best options for most investors.

Coinbase is one of the oldest cryptocurrency exchanges, and has been in operation since 2012.

Coinbase does charge much higher fees than Binance.US and the rewards are smaller.

Coinbase is a better option for most crypto investors, thanks mainly to its ease of use and best-in-class security measures to protect your investments.

Coinbase also offers more coin options, an educational hub with free crypto rewards, and a Visa rewards debit card .

For crypto investors who are just getting started or whose investments are relatively small, you can keep your coins on the exchange with both Binance.US and Coinbase.

The exchange also offers the Coinbase wallet , which you can use as a browser extension or on your mobile device.

Coinbase is the winner here, as it offers more wallet choices, including the option to store cryptocurrencies in the Vault, rather than keeping them on the exchange.

Since experts we’ve talked to consistently recommend Coinbase for crypto investors, its wallets are a good bet for many investors.

As with any cryptocurrency exchange, your coins aren’t insured by the Securities Investor Protection Corporation ( SIPC ), whether you’re on Binance.US or Coinbase.

Binance.US offers more than 80 cryptocurrencies , while Coinbase offers more than 150 cryptocurrencies .

Coinbase has its Coinbase Pro offering that provides access to additional cryptocurrencies, as well as spot trading and a different fees structure.

Both exchanges give crypto investors access to the most commonly traded cryptocurrencies, but if you’re looking for access to a wider variety of available cryptocurrencies, Coinbase is the better choice.

While Binance.US has some of the lowest fees among crypto exchanges, it comes at a cost of less transparency about its security measures.

For beginner crypto investors especially, experts say it’s probably a better bet to pay more for the added security assurance you’ll get with Coinbase.

If you use a debit card or PayPal, you’ll pay a higher percentage than if you use your bank account or Coinbase USD Wallet.

However, because Coinbase bases its fees on transaction amounts, you could pay a higher per-transaction cost, without receiving a discount for increased trading.

Binance.US offers fewer extra products and services than Coinbase.

If you’re looking to earn crypto rewards for everyday purchases, Coinbase offers a Visa debit card.

Overall, Coinbase offers more products to help you manage and grow your crypto holdings than Binance.US.

Coinbase is the winner here as it’s more accessible to beginning traders, offers a rewards debit card, displays clear security measures, and doesn’t have the legal issues of Binance.US.

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