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Binance vs. Coinbase: Which crypto exchange is better?

Binance.US and Coinbase are major exchanges, but they do have some differences – discover which one is best for you.

Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

Comparing Coinbase vs Binance? Coinbase launched in 2012 and became the first crypto exchange to go public. Binance.US is the US branch of Binance, the largest crypto exchange in the world, and was created to comply with US financial regulations. Both Coinbase and Binance.US have simple interfaces, but there are some differences.

Round 1: Binance vs. Coinbase vital statistics

Apart from some minor differences, these are similar platforms in terms of the basic service and costs that are associated with using them. Coinbase’s costs are variable and depend on more factors, which makes them more complicated to understand than Binance.US’s costs. Overall, costs for using Binance.US are lower than Coinbase because of its extremely low trading fees. Although Binance is from China, both Binance.US and Coinbase have their headquarters in the US. Binance.US is available in fewer states than Coinbase.

Coinbase offers a dedicated debit card and an external wallet where you can store NFTs and participate in limited DeFi options. Both offer services to earn a return on crypto, but Binance.US has a more extensive history and a better interface. The overall experience on the Binance.US interface is more consistent and practical compared to Coinbase, but its customer service can be difficult to reach.

Binance.US Cryptocurrency ExchangeCoinbase Digital Currency Exchange
Overall rating★★★★★★★★★★
Costs rating★★★★★★★★★★
FCA-registered
Exchange locationUSAUSA
Offers a debit card
More InfoMore Info

Winner: Binance.US


Round 2: Supported coins

Despite the fact that the main branch of Binance supports over 600 cryptocurrencies and 1,000+ trading pairs, Binance.US only supports around 97. Coinbase supports about 168 of the top cryptocurrencies, making Coinbase the clear winner for this round.

Binance.US Cryptocurrency ExchangeCoinbase Digital Currency Exchange
Number of tradeable crypto assets161239
More InfoMore Info

Winner: Coinbase


Round 3: Supported fiat currencies

Binance.US only supports the US dollar as compared to the 23 fiat currencies supported by Coinbase. In terms of versatility, Coinbase is the clear winner, but some may appreciate the simplicity of only having one fiat currency.

Binance.US Cryptocurrency ExchangeCoinbase Digital Currency Exchange
Number of supported fiat currencies123
More InfoMore Info

Winner: Coinbase


Round 4: Cost

When it comes to cost, Binance.US is easier to understand than Coinbase. Binance.US allows deposits and withdrawals via crypto, bank transfers and wire transfer. Trading fees on Binance.US begin at 0.1% for both maker and taker trades.

Coinbase provides more fiat deposit and withdrawal methods but has much higher trading fees, with the Pro version starting at 0.6% and 0.4% for takers and makers, respectively. The basic Coinbase platform has even higher trading fees than the Pro version, and they vary depending on whether you are buying, selling or converting.

Binance.US Cryptocurrency ExchangeCoinbase Digital Currency Exchange
Deposit FeesWire transfer: None
Debit card: 3.75%
Apple Pay: 3.75%
Cryptocurrency: None
Wire transfer: $10
Trading FeeMaker: 0-0.30%
Taker: 0-0.45%
Maker: 0.00 - 0.4%
Taker: 0.05 - 0.6%
Withdrawal FeesWire transfer: $10-15 (minimum $100 withdrawal)
Cryptocurrency: Fees vary
Wire transfer: $25
Deposit methodsCryptocurrency, Debit card, Wire transfer, Apple PayBank transfer (ACH), Debit card, PayPal, Wire transfer, Apple Pay, Google Pay
More InfoMore Info

Winner: Binance.US


Round 5: Wallets

Coinbase has an internal wallet option but also utilizes an external self-custody wallet app: Coinbase Wallet. Binance.US has the same setup, with an internal wallet option and an external self-custody wallet: Binance Wallet.

Coinbase’s external wallet supports NFTs and DeFi as well as Ethereum and all EVM-compatible networks (including Solana, Avalanche and Binance Smart Chain). Binance Wallet only supports Ethereum and Binance Smart Chain.

Coinbase users are not required to use Coinbase’s external Coinbase. Instead, they can simply use the wallets provided on the exchange. The same is true for Binance.US. Coinbase gets an edge here because its proprietary wallet supports more networks than Binance’s.

Winner: Coinbase


Round 6: Ease of Use

Binance.US has a simple, practical approach that doesn’t try to chain users to its services. Both deliver a pleasing interface, but Coinbase has a less coherent overall structure.

Winner: Binance.US


Round 7: Security

Coinbase has remained compliant since its inception. Binance has had some security issues, but Binance.US was developed for the sole purpose of complying with US regulatory and security standards. However, it continues to be under scrutiny, which is why it is not available in a few US states.

Both utilize industry-standard practices to maintain security, but Coinbase was hacked in October 2021. The hack resulted in funds being stolen from 6,000 users, but they were all reimbursed.

Winner: Draw


Coinbase vs. Binance.US winner: Binance.US

Coinbase is the preferable exchange if you are looking for sheer volume of supported cryptocurrencies and fiat currencies. However, it is not crucial to have access to every crypto or fiat to become a well-rounded crypto user. Due to siloing, Coinbase users may find they are becoming experts on using Coinbase’s platform instead of improving their overall crypto acumen.

If you are in one of the states where Binance.US is available, then this may be the platform for you. Ultimately, the experience with Binance.US is comparable to Coinbase, if not easier, but the far cheaper trading fees on Binance.US make it a more attractive option.

Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.

Name Product Deposit methods Fiat currencies Cryptocurrencies Offer Disclaimer Link
eToro Cryptocurrency Trading
eToro Cryptocurrency Trading
Bank transfer, Credit card, Debit card, Neteller, Skrill

18

78

Disclaimer: Cryptoasset investing is highly volatile and unregulated in the UK and some EU countries. No consumer protection. Tax on profits may apply.

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Binance Cryptocurrency Exchange (Not available to US users)
Bank transfer, Cryptocurrency

1

369

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KuCoin Cryptocurrency Exchange
KuCoin Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal, P2P

50

743

Capital at risk

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Bybit Cryptocurrency Exchange
Bybit Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, P2P

73

279

Disclaimer: Highly volatile investment product. Your capital is at risk.

Capital at risk

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Gate.io Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card

8

1607

Capital at risk

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Kraken Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay, SWIFT

8

222

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OKX Cryptocurrency Exchange
Bank transfer, Cryptocurrency, iDEAL, PayPal, POLi, SEPA, Faster Payments (FPS)

35

338

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Uphold
Uphold
Bank transfer (ACH), Credit card, Debit card, Apple Pay, Google Pay

27

237

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Paybis Cryptocurrency Exchange
Bank transfer, Credit card, Debit card, Neteller

42

357

US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.

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Finder Award
Bitstamp Cryptocurrency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, SEPA, Faster Payments (FPS)

3

79

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Coinmama Cryptocurrency Marketplace
Credit card, Fedwire, SEPA, Google Pay, SWIFT, Bank card

6

16

Capital at risk

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OFFER
Gemini Cryptocurrency Exchange
Bank transfer (ACH), Cryptocurrency, Debit card, PayPal, Apple Pay, Google Pay, SWIFT

7

141

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Finder Award
Crypto.com App
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal, Wire transfer, Apple Pay, Google Pay, SWIFT

31

318

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Bybit Cryptocurrency Exchange

Bybit Cryptocurrency Exchange logo
  • Offers leverage and derivative trading
  • Supports EUR, GBP and CHF
  • Licensed to operate in all European countries
Go to site
Disclaimer: Highly volatile investment product. Your capital is at risk.

Kraken Cryptocurrency Exchange

Kraken Cryptocurrency Exchange logo
  • Large selection of cryptocurrencies
  • Low fees for active traders
  • Pleasant UI for new traders
Go to site

KuCoin Cryptocurrency Exchange

KuCoin Cryptocurrency Exchange logo
  • Buy, sell and trade over 700 crypto assets
  • Supports 10 Asian fiat currencies
  • Offers crypto futures trading
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Kraken Cryptocurrency Exchange

Kraken Cryptocurrency Exchange logo
  • Buy, sell and trade over 200 crypto assets
  • Licensed to operate in 17 jurisdictions in Oceania
  • Supports AUD
Go to site

Binance Cryptocurrency Exchange (Not available to US users)

Binance Cryptocurrency Exchange (Not available to US users) logo
  • Supports over 300 crypto assets
  • Binance Pay enables users spend their crypto
  • Binance P2P supports multiple African fiat currencies
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Binance Cryptocurrency Exchange (Not available to US users)

Binance Cryptocurrency Exchange (Not available to US users) logo
  • Supports over 300 crypto assets
  • Binance Pay works with Credencial Payments to support crypto payments
  • Binance P2P supports five Latin American fiat currencies
Go to site

Bybit Cryptocurrency Exchange

Bybit Cryptocurrency Exchange logo
  • Supports leverage and derivative trading
  • Supports 300 spot trading pairs
  • Low-to-non-existent trading fees
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Disclaimer: Highly volatile investment product. Your capital is at risk.

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