To access the full breadth of resources available on Binance.US and Coinbase, you must prove your identity through a Know Your Customer (KYC) process. StakingĬoinbase and Binance allow users to earn interest by staking their crypto to help verify transactions on their respective currencies’ blockchains. Margin trading is currently unavailable on nearly all crypto exchanges in the U.S. Margin can amplify profits-and greatly magnify losses. Neither crypto exchange currently allows users access to margin accounts, a riskier trading strategy that involves borrowing money to finance trades. Trading Toolsįrom a trading functionality standpoint, Coinbase Pro and Binance.US are relatively similar platforms: Both enable a range of order types, including market and limit, and both include advanced charting capabilities. Still, newer and less popular coins may experience wild price swings, be more illiquid, be harder to buy or sell quickly, and be more susceptible to fraud. However, investing in all forms of crypto is risky. If you truly want to get off the beaten path regarding coins, you may have to opt for an exchange like Kucoin, which has hundreds of cryptos. If you’re looking to stick with the major cryptos-think Bitcoin and Ethereum-you’ll likely be equally satisfied with either Binance.US or Coinbase.īecause both exchanges offer at least 100 cryptocurrencies, you’ll probably find many of the lesser-known, so-called altcoins you want, whether that’s Dogecoin or another memeable crypto. With that out of the way, here’s how Binance.US and Coinbase are similar. Coinbase Pro doesn’t accept credit card or debit card purchases. This distinction is important because Coinbase Pro offers much greater functionality and substantially lower fees, even if slightly less intuitive. The name “Coinbase” is often used as a catch-all for all of the offerings of Coinbase (the company): Coinbase (the platform), a beginner-friendly crypto app, and Coinbase Pro, a full-fledged crypto exchange. While the two crypto exchanges are quite similar, Binance.US has slightly more limited functionality and coin offerings.Ĭoinbase, likewise, is not quite as straightforward as it seems. residents must use Binance.US, its spin-off platform compliant with U.S. Coinbase, there are several important things to keep in mind.īinance is not available for customers based in the U.S. Coinbase: Top Similaritiesīefore getting too far into breaking Binance.US vs.
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