Updated May 13 2022
Overview | |
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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 | |
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Licenses | |
![]() Financial Regulation Unregulated Top-tier Licenses 0 Other Licenses 0 Provided by |
![]() Financial Regulation Unregulated Top-tier Licenses 0 Other Licenses 0 Provided by |
🏛 Financial Regulators | |
The Good | |
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The Bad | |
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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:
All documents must be under the account holder's name. |
All documents must be under the account holder's name. |
📍 Year Founded | |
2017 | 2012 |
💳 Minimum Deposit | |
0 | 0 |
💰 Payment Methods | |
💵 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 | |
📙 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 |