Trading cryptocurrencies as a beginner can be scary–that’s the main reason why Coinbase was established. It is easy to use and simple. This platform is used by most traders to trade digital currencies. However, it does charge a fee.
The company was founded in 2012 by Fred Ehrsam and Brian Armstrong. Its headquarters are located in San Francisco, California.
Coinbase was a unicorn in 2017, becoming the first crypto exchange with a $1B valuation.
Additionally, Brian Armstrong has been ranked number 10 on the Forbes list of the most influential young people in the business.
Coinbase Pro was created in 2015 by Coinbase and is intended for experienced traders. This is an excellent alternative for experienced traders. The platform makes transactions fast and is less expensive than traditional methods. This trick will allow you to avoid paying any transaction fees on the platform. If you are interested to buy dogecoin on coinbase here is a guide.
Binance exchange was founded in 2017 by Changpeng Zhao and Yi He. It is headquartered in Malta and has offices in Taiwan and Japan. Both founders began their crypto careers at OKCoin.
It is a crypto to crypto exchange that connects buyers and sellers of crypto trading. It also has its own cryptocurrency called Binance Coin (BNB). In July 2017, the platform raised $15 million via an ICO.
It is well-known for giving away cool prizes at its top traders. Prices have included iPhones, MacBooks and a Mercedes-Benz in the past. Binance is currently looking for partners to create a billion-dollar investment fund.
Binance is now one of the most popular cryptocurrency exchanges worldwide. It has been able to surpass Coinbase’s trading pairs over the years. Binance also offers a variety of services to its users.
Which One to Choose
So if you are confused binance vs coinbase here is the summary.
Coinbase is a platform that allows you to use cryptocurrency more effectively than Binance.US. Coinbase gives investors an impressive level of control: from dollar-cost averaging, to timed withdrawals to secure storage, and the chance to earn cryptocurrency assets.
Binance’s lower fees may be a good option for you if you are comfortable investing in cryptocurrency and don’t need secure storage or timed investments.