Binance Vs. Coinbase - Compare and Choose the Right One


Visit Investing in cryptocurrencies involves risk.	Visit Investing in cryptocurrencies involves risk.
Overview
Binance is a global cryptocurrency exchange founded in 2017 in China with the aim of providing the ultimate trading solution. Currently, they offer more than 700+ cryptocurrencies, derivatives (such as Vanilla options, futures, staking), a Launchpad platform for ICOs and many more services such as several trading platforms with different complexity levels.	Coinbase is a cryptocurrency exchange and wallet founded in 2012 with the aim of simplifying cryptocurrency transactions for the average user. Through their mobile and web app they allow purchasing, storing, receiving and sending several real cryptocurrencies.
Best For
Avid cryptocurrency traders and investors from intermediate to expert levels Day traders looking for a high liquidity exchange with competitive fees	Inexperienced cryptocurrency investors Long term cryptocurrency holders Investors meeting the above two conditions and also satisfied with the cryptocurrency offering they provide Seasoned investors and traders looking to explore the Coinbase Pro option for better pricing.
Licenses
Financial Licenses Regulation Unregulated Top-tier Licenses 0 Other Licenses 0 Provided by TheTradingBible.com Learn More	Financial Licenses Regulation Unregulated Top-tier Licenses 0 Other Licenses 0 Provided by TheTradingBible.com Learn More
🏛 Financial Regulators
None, not required at the moment.	Registered as an electronic payments provider in countries where required to operate, yet they don’t require traditional brokerage regulation.
The Good
Largest cryptocurrency exchange in the world by liquidity Massive cryptocurrencies selection available (700+) Large amount of financial products in the form of derivatives (Vanilla options, futures, etc) Advanced trading platforms with visual order books at no cost	Extremely simple and friendly interfaces Moderate variety of cryptocurrencies Independent wallet application Option to choose from standard Coinbase or Coinbase Pro Coinbase debit card (for eligible countries) to spend and manage your cryptocurrencies
The Bad
Interface can be complex to use for beginners The wide selection of products and derivatives can also be intimidating for beginners	Extremely high fees for cryptocurrency transactions (especially on standard app) Low variety of cryptocurrencies to trade when compared to leading exchanges
Status
Operational	Operational
Recent News
N/A	N/A
Key Data
⌛ Account Opening Time
1 Day	1 Day
📋 Documents Required
Only to increase withdrawal limits: Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.	Valid identity document (Passport, ID Card, etc) Valid proof of residence document (Bank statement, utility bills) All documents must be under the account holder's name.
📍 Year Founded
2017	2012
💳 Minimum Deposit
0	0
💰 Payment Methods
All supported cryptocurrencies Bank transfers Visa Mastercard	Visa Mastercard Bank Transfers Paypal
💵 Account Base Currencies
All supported cryptocurrencies.	All available cryptocurrencies.
🗽 Available to U.S Citizens
Yes (excluding few states)	Yes
❌ Restricted Countries
None	None
📊 STP Account
No	No
📊 DMA Account
No	No
📊 ECN Account
No	No
Assets
📚 Available Assets
More than 700+ real cryptocurrencies A wide selection of derivatives based on real cryptocurrencies such as futures, vanilla options, etc.	Coinbase provides only real cryptocurrencies.
📙 Stocks
N/A	N/A
📘 Currency Pairs
N/A	N/A
📗 Commodities
N/A	N/A
📕 Indices
N/A	N/A
📔 ETFs
N/A	N/A
💸 Cryptocurrencies
700+	110+
📒 Bonds
N/A	N/A
📓 Options
N/A	N/A
📗 Futures
N/A	N/A
📝 Notes:
Binance specialises in real cryptocurrencies and tokenised derivatives based on their own cryptocurrency offering.	Coinbase is a traditional cryptocurrency wallet and exchange, meaning that all cryptocurrencies purchased are real ones and not financial derivatives.
Trading Experience
📈 Minimum Stock Trade Size
N/A	N/A
📉 Minimum ETFs Trade Size
N/A	N/A
📈 Minimum Crypto Trade Size
$10	$2
📉 Minimum FX Trade Size
N/A	N/A
📈 Minimum Commodities Trade Size
N/A	N/A
📉 Minimum Bonds Trade Size
N/A	N/A
📈 Minimum Futures Trade Size
N/A	N/A
📉 Minimum Options Trade Size
N/A	N/A
💪 Retail Leverage
Up to 1:20	N/A
💪 Professional Leverage
N/A	N/A
✍ Customisable Leverage
N/A	No
🎲 Deleveraged Trading
Yes	Yes
🎓 Demo Account
No	No
📱 IOS App
Yes	Yes
📱 Android App
Yes	Yes
📺 MetaTrader 4
No	No
📺 MetaTrader 5
No	No
💻 Web trader
Yes	Yes
💻 TradingView Platform
Yes	No
💻 Proprietary Platform
Yes	Yes
📊 Multi-chart Tools
Yes	No
👬 Copy Trading
No	No
👫 Social Trading
No	No
🔑 Guaranteed Stop-loss
No	No
🔨 Trailing Stop-loss
No	No
Fees
💰 Inactivity Fee
No	No
💰 Deposit Fees
No	No
💰 Withdrawal Fees
No	No
💰 Commissions
Binance charges a fixed 0.1% trade value fee for spot trades.	Yes, from 0.50% up to 2.0% of transaction values on Coinbase Standard.
Spreads
📈 EUR/USD
N/A	N/A
📉 SP500
N/A	N/A
📈 GOLD
N/A	N/A
📉 TSLA (Stock CFD)
N/A	N/A
📈 XLK (ETF - CFD)
N/A	N/A
📉 BTC
Dynamic - From $1	Dynamic - From 0.50% up to 2.0%
Research and Analysis
⭐ Watchlists
Yes	Yes
🔭 Stock Screener
No	No
🗓 Economic Calendar
No	No
📜 Integrated Newsfeed
No	Yes
📡 Reuters Feed
No	No