Binance vs Coinbase

This is a comparison of Binance vs Coinbase (specifically GDAX) The first time I bought coins on Coinbase, the experience was extremely easy and quick. I was able to purchase, send, and receive coins, all in minutes. I have used Binance before, but have not purchased anything as of yet. I am going to be comparing the user experience of both from the perspective of the beginner. I am not going to compare the security of either exchange.

I will, however, discuss the process of trading on each exchange. I will discuss the ease of use, deposit methods, and verification requirements. I will also discuss the location of each exchange, and their user base. I will be basing my comparisons on the following criteria: The information in this post is up to date as of July 1 st , 2018. Deposits and Withdrawals Binance’s deposit and withdrawal methods are the standard for an exchange in 2018. You can deposit and withdraw through cryptocurrencies, as well as through fiat.

Binance accepts the following cryptocurrencies for deposits: Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. Binance accepts the following fiat for deposits: USD, EUR, GBP, JPY, and RUB. For withdrawals, Binance accepts the following cryptocurrencies: Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. Binance accepts the following fiat for withdrawals: USD, EUR, GBP, JPY, and RUB. Binance has all of the standard deposit and withdrawal methods. They accept cryptocurrency deposits and withdrawals, and also accept fiat deposits and withdrawals. Coinbase, on the other hand, only accepts cryptocurrency deposits and withdrawals. They do not accept fiat deposits or withdrawals. Verification Requirements Binance’s verification requirements are fairly standard. You are required to provide your name, email, country of residence, phone number, and a photo of your ID.

Coinbase is also fairly standard. You are required to provide your name, email, country of residence, phone number, and a photo of your ID. The only difference between Coinbase and Binance is that Coinbase also requires a photo of your face. Coinbase has a few more verification steps than Binance. Coinbase requires a photo of your face, while Binance only requires a photo of your ID card. Binance and Coinbase both require your name, email, photo of your ID, country of residence, and phone number. While Coinbase also requires a photo of your face, Binance does not. Location and User Base Binance is located in Hong Kong, and has a user base of around 9 million. Coinbase is located in San Francisco, and has a user base of around 30 million. Binance is located in Hong Kong, and has a user base of around 9 million. Coinbase is located in San Francisco, and has a user base of around 30 million.

Conclusion In my opinion, Binance vs Coinbase is a fairly even match. This comes down to personal preference more than anything. I prefer Binance’s user interface and the fact that they accept fiat deposits and withdrawals. I also like the fact that they have more verification steps. On the other hand, I like the fact that Coinbase is located in the US and has a higher user base.