Important Coinbase Pro team members can be found on this link. You can transfer funds from a Coinbase account for free. Both exchanges prefer communication with their customers by email. The platform managed to raise $15 million through an ICO in July 2017. Beyond the great starting rates, Binance US continues to drop the rates based on a customer’s 30-day trading volume or BNB balance. There have been a couple of cases where people fell for phishing schemes but this has nothing to do with these platforms’ inner security workings. There are clear user flows, simple designs, and clear instructions at every turn. #fca_eoi_form_8003 .fca_eoi_layout_16.fca_eoi_layout_postbox div.fca_eoi_layout_email_field_wrapper { You can transfer funds from a Coinbase account for free. Both Binance and Coinbase Pro have their own advantages and a few drawbacks. Binance US is both more friendly towards small traders who don’t expect to execute more than $50k in trading volume, as well as whales who plan on executing north of $1B in trading volume each month. On the other hand, Binance US is aggressively adding new features in an attempt to catch up to the core Binance.com platform which has more trading features than any other exchange in the crypto market. However, on May 7, 2019, the exchange was targeted again and this time lost 7,074 Bitcoin currently worth around $54 million. Phone verification can be done by entering your phone number in the provided field and then entering a 7 digit SMS code that Coinbase Pro automated response bots will send to your number. Maker fees are 0% while Taker fees vary based on 30 day volume.eval(ez_write_tag([[580,400],'captainaltcoin_com-leader-1','ezslot_2',165,'0','0'])); An average fee of 0.1% is paid on every Binance trade. #fca_eoi_form_8003 .fca_eoi_layout_16.fca_eoi_layout_postbox div.fca_eoi_layout_name_field_wrapper { Learn more about Binance US’s trading fees. Additionally, it has a telephone helpline, but it’s only based in the U.S., thus difficult for international users to access. Although they offer “SupportBot” services for general inquiries. Coinbase Pro is maybe a bit more suited for beginners, with its lower coin count, simple interface and direct pipeline to Coinbase. We strive to share the most reliable, interesting, and accurate information to our readers. #fca_eoi_form_8003 .fca_eoi_layout_16.fca_eoi_layout_postbox div.fca_eoi_layout_email_field_wrapper { Founded in 2012 by Brian Armstrong and Fred Ehrsam, the company’s headquarter is based in San Francisco, California. Read our comprehensive guide on best cryptocurrency exchanges. On Shrimpy, users can also copy the strategies of the world’s best crypto traders. This free feature drops your trading fees down to 0.075% with the only requirement being the holding of enough BNB to pay for the fees. As for withdrawals, there is a limit of $10,000 per day on those. Binance US has a tiered fee schedule which is dependent on a user’s trade volume over a trailing 30-day period. Due to the strict regulatory and compliance requirements from many states in the US, trading cryptocurrency on Coinbase Pro and Binance US is not available in every state. The scale of its influence on the cryptosphere can be seen every time a Binance listing instantly causes a massive boost in price of a coin. The Easy Arbitrage Crypto Trading Strategies, Cryptocurrency Trading Bots - The Complete Guide, Threshold Rebalancing for Crypto Portfolio Management. Earn passive income with Quadency TRADING BOT. Exchanges should do everything they can to mitigate misunderstandings that could lead to the loss of funds. The platform has not been hacked or in any way endangered by a malicious outside player. There is no better place to start your journey as a crypto beginner. } The exchange was initially released under the name “Coinbase Exchange”. Although they may service fewer traders, the exchange is building momentum. Binance US is based on the globally tested and validated Binance.com exchange design. Binance.US’s trading fees begin at0.1% while Coinbase Pro’s fees start at0.5%, but both offer fees as low as 0%. "width": "350", Although Coinbase Pro has a stellar reputation when it comes to listing the highest quality assets, Binance US has been on fire when it comes to listing assets quickly and consistently. Every trader would fair better with the trading fee structure supported by Binance US. The team is active on social networks and constantly updates its users with any new information. At the time of writing, Coinbase Pro has 35 assets listed on the exchange. One of the most prominent differences between Coinbase Pro and Binance US is the way each exchange structures their trading fees. Over the coming years, it will be important for Binance US to continue striking a fair balance between listing assets quickly, but still maintaining a high standard for which assets get listed. Everything from trading fees, trading volume, and asset availability will be discussed throughout the article. It is designed to help both professional and novice traders automate their portfolio, track the market, and implement simple long-term strategies. When it comes to asset selection, Coinbase Pro has a stellar reputation for picking the assets that have long-term viability in the market. The exchange has a detailed FAQs section, which many traders find useful. This is a system where each account has two kinds of passwords. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. Follow us on Twitter and Facebook for updates, and ask any questions to our amazing, active communities on Telegram & Discord. This is among the highest of any exchange in the cryptocurrency market. Monitoring trades 24/7, segmenting funds into multiple portfolios, and automating a strategy is nearly impossible without software to aid in the process. In this article, we will answer the question “which exchange is the best for buying Bitcoin”, as well as other important questions regarding these two popular exchanges. Coinbase Pro also offers margin trading with leverage up to 3x (on BTC/USD and ETH/USD pairs, up to a limit of $10,000), or 2x (for BTC/EUR pair up to 3,000 EUR, and for LTC/USD pair up to $500). width:100%; width:100%; 1. As for Binance, they just recently moved their operations from Japan to Malta stating: “After reviewing several different locations, the company decided to invest in the European nation due to its existing pro-blockchain legislation and the stability that it offers financial technology companies through its regulatory framework.”. Binance US is moving fast and Coinbase Pro must be feeling the heat. Coinbase Pro supports only the key players on the crypto scene, namely, Bitcoin, Bitcoin Cash, Ethereum, and Litecoin. Trading cryptocurrencies as a beginner can be scary—that’s the main reason why Coinbase was established. width:100%; Starting off at a base rate of 0.1% for both maker and taker trades, customers can instantly save 25% by paying fees with BNB. He focuses on breaking news and education pieces; helping to spread the gospel of Blockchain. When it comes to trading crypto, we believe UI & UX are important aspects of providing a usable product.