WEEX Review 2025: Is This Crypto Exchange Worth It?
Fungible vs Non-Fungible Tokens: Key Differences Explained
3Commas Review 2025: Pros & Cons, Features, Pricing, and More
How to participate IDO on Binance Wallet
Day Trading Crypto: A Beginner’s Guide
How to Buy Altcoins: A Complete Guide for Beginners
Top 5 Airdrop Farming Projects on Solana (Part 2)
Farming Airdrops on Binance Alpha: Low Risk, High Reward
How to participate in Hyperlane presale on Binance Wallet
What is Hyperlane: The Best Guide to Cross-Chain Connectivity
Is Binance Safe? Binance Exchange Security Measures Tested
Is MetaMask Safe and Legit? Security Measures Analysis
6 Best Crypto Exchanges in Singapore For 2025
Phemex Review 2025: Is it a Safe & Legit Crypto Exchange?
What Is GameFi and How Does It Work?
What is Ondo Finance? Future of RWAs and DeFi
What is Gem Wallet: Best Multi-Chain Solution for DeFi Users
What are Utility NFTs? Best NFT Utility Examples
Rabby vs MetaMask: Which is a Better Crypto Wallet?
What Is DeSci? The Ultimate Guide to Decentralized Science
What Are Pudgy Penguins (PENGU)? The Ultimate Collector’s Guide
What Is Trust Wallet? A 2025 Comprehensive Guide
What is DeFi (Decentralized finance) and How Does it Work?
What is DeFi NFT? The Ultimate Guide
Zora Airdrop Scandal: From “For Fun” to Loss of Trust
Gold vs. Bitcoin: Two Pillars of Value Preservation, But Which Is Better?
TRUMP Memecoin Price Prediction from April to May, 2025
Is May the beginning of a new growth cycle for Bitcoin?
Hyperliquid Deep Dive: Understand HYPE and HLP Model
XRP Deep Dive: A Masssive Player in Today’s Crypto Market
Study: 88% of Businesses Reported Higher Revenue after Accepting Crypto Payment
Survey: Nearly 80% of FTX Creditors Will Reinvest in Crypto with Their Repayment
XDC Deep Dive
Survey: 1 in 7 Americans Has Bought TRUMP Memecoin
Robonomics (XRT) Deep Dive
2025 Crypto Ownership Report: 70% of American Adults Own Cryptocurrency
By Fatima Rodriguez
Key Takeaways
Coinbase has over 110 million verified users and offers around 240 cryptocurrencies for trading, while Binance boasts over 230 million users and supports more than 400 cryptocurrencies.
Binance charges 0.1% maker/taker for spot trading, whereas Coinbase fees can reach up to 0.6%, making Binance significantly cheaper for most trades.
Compared to Binance, Coinbase provides more features for U.S. users but lacks the extensive options for international traders. Its standout feature is the roburst security by holding 98% of user funds in cold storage and adhering to strict U.S. regulations.
Binance provides up to 125x leverage on futures trading, while Coinbase has recently entered this market with a maximum leverage of only 10x.
According to CMC data, Coinbase and Binance are in the top 3 crypto exchanges based on trading volume and liquidity. Both platforms are popular, but they have important differences that can affect your trading experience.
This comparison article “Coinbase vs Binance” will explore key differences like fees, supported cryptocurrencies, security, and user experience. By looking at these aspects, you can decide which crypto exchange fits your needs best.
Coinbase is one of the best crypto exchanges globally, founded in 2012 by Brian Armstrong and Fred Ehrsam. As a publicly traded company (COIN) since 2021, it offers significant transparency in its financials and operates with stringent regulatory oversight. Coinbase has more than 110 million verified users and operates in over 100 countries.
One of the key reasons traders trust Coinbase is its security. Your crypto is stored 1:1, meaning the company doesn’t lend or trade your assets without permission. They use top-tier security measures, like 2FA and cold storage, to protect users’ funds. The platform handles massive amounts of crypto. For example, in just one quarter, it facilitated $226 billion in average trading volume and held around $269 billion in customer assets.
Coinbase also offers services for advanced traders and institutions. Coinbase Advanced (previously Coinbase Pro), which has more in-depth trading features like real-time charts and advanced order types, caters to more experienced users. Plus, their institutional arm, Coinbase Prime, provides professional trading solutions for large investors. They’re focused on making crypto easy and secure for everyone, while also keeping up with regulations to ensure safe trading.
User Score
9.8
Coinbase Promotion
Get Bonus Up to $600
Binance, launched in 2017, is the world’s largest cryptocurrency exchange by trading volume. It serves over 230 million users globally across more than 180 countries. Binance offers a broad range of services, including trading over 400 cryptocurrencies like BTC, ETH, and its own token, BNB. Its daily trading volume regularly surpasses $30 billion.
The Binance exchange supports multiple types of trading, such as spot, margin, and perpetual futures contracts. It also offers an “Earn” platform, enabling users to generate passive income through staking, savings, and liquidity pools. You can stake various cryptocurrencies and earn interest or participate in “Launchpad” projects, which allow early access to new tokens.
Binance’s global expansion continues, with offices and registrations in countries like Italy, Spain, and Sweden, though it faces regulatory scrutiny in certain regions like the U.S. and Europe. Despite challenges, Binance remains dominant in the crypto trading market. You can read our in-depth Binance review to learn about its pros and cons.
Binance Referral Code
-10% Trading Fees
Get 10% Lifetime Cashback on Every Trade
Code Valid: April 2025
When comparing fees, Binance stands out for its affordability, is one of the lowest fees crypto exchange in the market. Binance charges just 0.1% for spot trading, and its U.S.-based platform, Binance.US, offers zero-fee Bitcoin trading along with fees ranging from 0% to 0.6% for other assets.
Binance futures fees are highly competitive, with maker fees starting at 0.02% and taker fees at 0.05%. These rates can be further reduced based on a user’s VIP level or by paying with Binance’s native token, BNB. This makes it one of the lowest-cost options for futures trading. Here is the full Binance fee structure.
In contrast, Coinbase’s fee structure is less transparent and generally higher. On its Coinbase Advanced platform, it charges 0.4% maker and 0.6% taker, which is quite high compared to Binance’s 0.1% maker/taker. The exchange also acknowledges that fees can vary largely based on trading volume.
Also, the Coinbase Simple platform has very high fees. Transaction fees are charged at different flat rates depending on the amount involved. For transactions up to $10, the fee is $0.99. For amounts between $10 and $25, the fee increases to $1.49. If the transaction amount is between $25 and $50, the fee is $1.99. For transactions ranging from $50 to $200, the fee is $2.99.
Winner: Binance charges lower trading fees compared to Coinbase (0.1% vs. 0.6%).
While Coinbase caters better to U.S. residents, Binance focuses on offering more features for international traders. Its main features are:
Coinbase is regulated by U.S. authorities and complies with laws such as the Bank Secrecy Act. It holds licenses in various states, including one from the New York Department of Financial Services (NYDFS), making it one of the more heavily regulated exchanges. It is also a publicly traded company and holds 1:1 customer funds.
The Coinbase exchange provides FDIC insurance for U.S. dollar deposits up to $250,000, and 98% of users’ crypto funds are stored in cold storage, keeping them safe from potential online threats. The mobile app is also secure with Biometric access.
Binance, on the other hand, operates with less regulatory oversight, especially on its global platform. Binance.US is registered with the Financial Crimes Enforcement Network (FinCEN) in the U.S. and follows local compliance requirements.
However, Binance’s international arm does not have the same level of regulatory scrutiny. Still, Binance ensures security through features like multi-factor authentication (MFA), withdrawal whitelist, and AI-driven risk management. It also has a Secure Asset Fund for Users (SAFU), which holds a reserve of $1 billion to protect users in case of extreme events.
Here is the Binance SAFU on-chain wallet address: 0x4B16c5dE96EB2117bBE5fd171E4d203624B014aa
Also, in 2019, Binance suffered a significant hack in which 7,000 Bitcoin (worth about $40 million at the time) was stolen.
Winner: Both Binance and Coinbase are highly secure crypto exchanges with advanced safety measures such as 2FA, cold storage, and insurance funds.
Binance has a wider selection of cryptocurrencies compared to many exchanges, offering more than 400 coins for global users and around 150 for U.S. users on Binance.US. In contrast, Coinbase supports over 240 cryptocurrencies, catering primarily to mainstream traders while still offering options for niche markets.
Binance is also best for niche market participants, such as DeFi (Decentralized Finance) tokens, NFT-related tokens, and other emerging assets, making it a popular choice for those interested in cutting-edge blockchain projects. This range gives Binance a significant advantage for users looking to explore newer, specialized markets. Coinbase, though more limited in its selection, provides a simpler, more regulated platform that appeals to beginners and those focused on well-established assets
Winner: Binance supports more cryptocurrencies for trading than Coinbase (400 vs. 240).
Binance offers staking for over 60 cryptocurrencies, giving you a wide range of options. In contrast, Coinbase supports a few staking coins, including Ethereum (ETH) and Solana (SOL). Binance also charges zero fees, whereas Binance.us takes a 30% commission on staking rewards.
Coinbase, on the other hand, charges a much higher commission, taking 25% from Ethereum staking rewards and 35% from Solana. This results in lower net yields for users, with Ethereum staking on Coinbase providing around 2.23% APY and Solana offering about 7.05% APY. Binance.US, the American version of Binance, offers staking for 21 cryptocurrencies.
However, Coinbase has faced regulatory issues in certain U.S. states. Retail customers in California, New Jersey, South Carolina, and Wisconsin cannot stake new assets through Coinbase due to state restrictions.
Beyond staking, Binance provides many other earning products, such as yield farming, dual investment, and launchpool, allowing users to maximize returns. Coinbase lacks these additional earning options, making Binance a more versatile platform for passive income.
Winner: Binance offers high-staking APY and additional passive income features compared to Coinbase.
Many users appreciate Coinbase for its user-friendly interface and efficient transactions. For instance, a reviewer on Capterra praised the platform, stating, “I love how easy it is to navigate through all your investments & you can buy, sell & trade, it’s very simple, & you can cash out quickly, same day payouts which I love even more”.
However, account freeze and customer support have been a point of contention. Some users report difficulties in accessing timely assistance. A Reddit user shared their frustration: “I have got at least 3 tickets total. They just keep giving me the runaround and closing unresolved tickets! That’s so foul”.
Coinbase offers support through various channels, including a comprehensive help center, email support, and a support phone number. Despite these options, some users find it challenging to receive prompt and effective assistance.
About Binance, users often commend it for its extensive range of cryptocurrencies and advanced trading features. One user on G2 noted, “The customer support is also really good, once my BTC was stuck in the peer-to-peer transaction and the customer support helped me in getting that back”. Binance provides customer support through live chat, email, and a help center.
Winner: Binance offers better customer support, whereas Coinbase users face account freezing and delayed customer support responses.
When comparing Coinbase and Binance in terms of user interface, the difference is largely about simplicity versus depth.
Coinbase offers a clean, user-friendly platform for beginners. It is designed to make buying, selling, and managing cryptocurrencies straightforward for new users. The platform’s layout is minimal, with easy navigation and clear instructions, making it ideal for those just entering the world of crypto. Its mobile app reflects the same simplicity, offering a seamless experience with intuitive features for trading and tracking your portfolio.
Binance, on the other hand, caters more to experienced traders with its advanced and feature-rich interface. While it offers a “Lite” mode for beginners, its main dashboard is packed with complex tools like advanced charts, trading pairs, and market data that might be overwhelming for a newcomer.
However, for seasoned traders, these advanced features – such as customizable charts, multiple order types, and access to margin and futures trading – offer far more control and insights than Coinbase.
Winner: Coinbase focuses on ease of use and is excellent for new users, while Binance provides depth and customization, making it the better choice for those looking for advanced trading capabilities.
Coinbase provides tax reporting tools for U.S. customers, making it easier to manage crypto taxes. If you earn more than $600 through staking or rewards, Coinbase issues Form 1099-MISC and reports it to both you and the IRS. For futures trading, Coinbase provides Form 1099-B.
The platform also offers gain/loss reports that summarize your taxable activities. These reports can be directly imported into tax software like TurboTax. You can also download your full transaction history, including all buys and sells, which helps in filing accurate tax returns or sharing data with a tax professional.
Binance offers a Tax Reporting Tool that helps calculate tax obligations and generate necessary reports. This tool supports up to 100,000 transactions and is free to use. Binance also allows integration with third-party tax software through API keys, enabling automatic synchronization of transaction data.
Binance.US, the version for American users, issues Form 1099-MISC for earnings over $600 from activities like staking and referrals, reporting it to both you and the IRS.
Winner: Both Coinbase and Binance provide tax reporting tools.
In conclusion, both Coinbase and Binance cryptocurrency exchanges have specific features that cater to different sorts of traders. Coinbase is popular for its user-friendly interface and robust security measures, making it the best crypto app for beginners.
In contrast, Binance excels in terms of advanced trading features, lower transaction costs, and a greater number of supported cryptocurrencies, making it more appealing to experienced crypto investors. Finally, the decision between the two platforms is based on personal preferences, trading techniques, and desired features.
Yes, US citizens can use Binance through the Binance.US platform, which complies with local regulations. However, the available features and supported cryptocurrencies are more limited than those on the global Binance platform. Due to regulatory scrutiny, Binance.US does not offer certain services, such as futures trading, and only supports 150 coins and tokens for trading.
Binance is larger than Coinbase in terms of trading volume and user base. As the world’s largest cryptocurrency exchange, Binance serves over 230 million global traders and consistently reports daily trading volumes that exceed $30 billion.
In comparison, Coinbase has around 110 million verified users and handles a significantly lower trading volume (around $10 billion per day). However, Coinbase is known for its regulatory compliance and is publicly traded, which can enhance trust for certain users.
Binance is renowned for its extensive range of cryptocurrencies, low trading fees, and advanced trading features, making it an excellent choice for experienced traders.
However, some users may find its interface overwhelming. Additionally, Binance faces regulatory challenges in various regions, which can impact its reliability. You should assess your requirements and consider factors like ease of use, security, and regulatory compliance when determining if Binance is the best fit for you.
Coinbase may be better suited for beginners due to its user-friendly interface and emphasis on security and regulatory compliance. It provides a straightforward experience for buying, selling, and managing cryptocurrencies, which is beneficial for new users. You can also buy crypto using bank transfers, ACH, credit, and debit cards.
However, it charges high trading fees. Conversely, Binance offers a more extensive selection of trading pairs and lower fees, making it attractive to seasoned traders.
Fatima Rodriguez
Fatima Rodriguez is a freelance writer that has been in financial journalism for over 5 years. With a keen interest in the evolving digital finance landscape, Fatima has a strong understanding of the crypto ecosystem and the crucial role that exchanges and wallets play in it. In her free time, Fatima enjoys meeting people, attending fintech webinars and conferences, and staying updated on the latest industry trends.
Disclaimer
NFTevening is an award-nominated media outlet that covers NFTs and the cryptocurrency industry. Opinions expressed on NFTevening are not investment advice. Before making any high-risk investments in cryptocurrency or digital assets, investors should conduct thorough research. Please be aware that any transfers and transactions are done at your own risk, and any losses incurred are entirely your responsibility. NFTevening does not endorse the purchase or sale of any cryptocurrencies or digital assets and is not an investment advisor. Additionally, please note that NFTevening participates in affiliate marketing.
Cryptocurrency
Analysis
Crypto Basics
Cryptocurrency
Learn
Exchanges
Guides
News
Exchanges
Data
Guides
Analysis
Please be aware that our Privacy Policy, Terms of Use, and Disclaimers & Ethics notice have been updated.
NFTevening is a renowned and award-nominated media platform dedicated to reporting on the cryptocurrency industry. Its journalists adhere to a rigorous set of editorial standards, guided by principles designed to uphold integrity, ensure editorial independence, and maintain unbiased reporting across all its publications.
The latest news, articles, and resources, sent to your inbox weekly.
Coinbase vs Binance 2025: Which Exchange is Better? – NFT Evening
