If we talk about the leading digital currency platforms, Binance and Coinbase both come to mind. Binance and Coinbase are both computer currency platforms with very different investing and trading methods. Coinbase is a U.S.-based exchange made for newbies in the game with a straightforward interface and limited transaction modes.
At the same time, Binance has a learning curve that is specially designed for people who are advanced traders. It furnishes international traders and investors with multiple computer currencies to choose from. If you are looking for the best platform from where you can begin your journey into the world of digital currency, then you can check bitprofit.software.
However, the Binance platform is very user-friendly. Moreover, it also presents three levels systematized according to the trading experience of the advanced users so that they can carry out their trade in a very progressive manner. But if we compare it to the other cryptocurrency exchange, it isn’t nearly as easy to use as Coinbase, which is designed dominantly for the new people in the game.
If you are comparing both platforms very closely, then the general rates for multiple transaction types are the same. They accept fiat currencies and available altcoin for carrying out the trade. To know more about the comparison, continue reading this article.
Take a peek into the features offered by binance. You will receive a very advanced charting with numerous additional methods for including indicators and overlays in your trade. You will also have access to the public application programming interface (API) keys to integrate different software tools for a smooth transaction. Moreover, you will also have seven order types on binance to cater to the users’ needs.
Here, you use the third-party wallet named trust wallet. This digital currency platform has traders and investors from almost 180 countries who can trade and invest on Binance. However, some US states cannot use the Binance digital platform, and some are Hawaii, New York, Texas, and Vermont.
On the contrary, if we talk about Coinbase, it has a safe, standalone digital wallet that the traders can use with Coinbase and even with the other exchanges. Moreover, the trader can get the power to draw funds to your PayPal account quickly without any hassle or additional charges. If we talk about the places where you can use the coinbase application, then it, Available for use in over 100 countries and 49 states, with no trading allowed for residents of Hawaii. The users also get a newsletter giving them insights into the latest cryptocurrency news and events. You also get a chance to enhance your knowledge in the field by watching short videos, and you can earn coins by observing the maximum number of videos available. So, it entirely depends upon the user for which platform they want to go for and who caters to their needs.
Currencies they support
Both of these platforms are known for their very own dominating cryptocurrencies. Where Binance is famous for its massive list of altcoins, where the user gets to choose from more than 600 digital currencies. Nevertheless, the Binance.US exchange caters to only100 coins. If we talk about the total currencies provided by this digital currency platform, then Coinbase offers 179 trading currencies.
Coinbase also keeps up with fiat currencies which include USD, British pound sterling, and euro. On the other hand, Binance supports many more fiat currencies, such as USD, EUR, Australian dollar, GBP, Hong Kong dollar, and Indian rupee. Now, it is entirely onto the needs of the user they want for which crypto exchange as the features offered by these digital currency exchange platforms also depends upon their locations.
If we talk about the fees charged by these exchanges, then binance falls in the category which levies the least chargeable amount over their users; on the contrary, the coinbase platform demands the highest. Therefore, the usage of any of these platforms ultimately falls into the hands of the traders and investors. They can decide on the media according to the features they are looking for and even their locations. So, you can go for any of these platforms as they are both safe to use and have also proved themselves over time.