Binance vs Coinbase Pro | Which one is better?

[sheenshane]

As I can see here more replies were in favor of Binance exchange compared to Coinbase pro. I personally choosing Binance because of no KYC/AML implementation if you are in a small amount trader. I can use my trading bot tools in Binance and that perfectly works for me.

Here are my personal Cons and Pros in Binance.

Pros: 
- Having a good reputation
- Easy to use UI especially newcomers.
- Listed over a hundred kinds of cryptocurrencies
- Low transaction fees (Withdraw and Deposit)
- They support and avail many languages
- Having a great reward for affiliate

Cons:
- App version is difficult to use
- Collect users data such as IP addresses

[mk4]

- Collect users data such as IP addresses

To be fair, I'm pretty sure every exchange does it for security reasons; as for them to get notified if your account was logged in from an IP address of a different country. A better 'con' for Binance is that they're in a sort of gray area in terms of regulations; hence Binance has different versions(e.g. Binance(international), Binance Jersey, Binance US).

[exstasie]

Coinbase Pro has low fees - we all love low fees. Go Coinbase.

They used to have low fees. Last year they even had 0% maker fees across the board. Now they charge 0.5% at the lowest tier: https://support.pro.coinbase.com/customer/en/portal/articles/2945310-fees

That's even higher than Gemini ActiveTrader. It's way higher than Kraken, let alone Binance. Binance's fees are only 0.1%.

[Google+]

if you don't have the experience of both, then you can try each with the capital you have, so the capital you have is divided into trading in both markets and after that you can have experience and can conclude which exchange is good, for me itself prefers a binance exchange place.

[1Referee]

A better 'con' for Binance is that they're in a sort of gray area in terms of regulations; hence Binance has different versions(e.g. Binance(international), Binance Jersey, Binance US).

That grey area is tightening every month that goes by, where the end result will be that a whole lot of no-kyc users will be trapped inside Binance's ecosystem. The only way out is to hand over Binance your ID and whatnot, but after what happened with their third party kyc desk, I'm not sure if that's smart to do.

I'm sure that Binance has taken some extra security measures, but nothing guarantees you that they don't still use a kyc desk somewhere in India or other third world country.

I put much more confidence in Coinbase in that regard, and they haven't ever been hacked as far as I'm aware of, and they are less likely to hire a third party kyc desk.

[EdvinZ]

I would prefer to trade on Binance because there are more traded pairs and promising IEOs are launched. However, users funds on the Coinbase exchange are more protected from a legal point of view. Therefore, if you trade only the main cryptocurrencies, you may be approached by the option of working on this exchange.

[TopTort777]

For trading huge amount I would choose Coinbase because of lower fees.
For having an opportunity to trade more, I would choose Binance, due to its high number of trading pairs.

[Serco]

For trading huge amount I would choose Coinbase because of lower fees.
For having an opportunity to trade more, I would choose Binance, due to its high number of trading pairs.

if we compared in fees, i am agree ciinbase has lower fee.but if we compare the coin variousity in trading platform, binance provide more coins.and as trader that looking the opportunity of course it will give us more advantages.we will freely choose which coins that will traded in order to get profits.

[bhabygrim]

I think for newbie's it would be good to choose coinbase but for the old time crypto owners or traders they would provably choose binance over coinbase pro.
Coinbase pro would be good if you would do a daily transaction since it have a low fee but for trading it is more efficient to use binance since most of us are already comfortable and it already proves that it is the best in keeping your funds,
It have shown us how it handle the worst case scenario when their site got hack with $40M so I think it is one of the best trading site right now.

[mk4]

A better 'con' for Binance is that they're in a sort of gray area in terms of regulations; hence Binance has different versions(e.g. Binance(international), Binance Jersey, Binance US).

That grey area is tightening every month that goes by, where the end result will be that a whole lot of no-kyc users will be trapped inside Binance's ecosystem. The only way out is to hand over Binance your ID and whatnot, but after what happened with their third party kyc desk, I'm not sure if that's smart to do.

I'm sure that Binance has taken some extra security measures, but nothing guarantees you that they don't still use a kyc desk somewhere in India or other third world country.

I put much more confidence in Coinbase in that regard, and they haven't ever been hacked as far as I'm aware of, and they are less likely to hire a third party kyc desk.

Oh I definitely see it coming in the future. Might be in more than a year, but that day is probably coming. New Jersey and the United States are the first pieces of the domino, and the other dominoes are up next to fall in the future.

But yea, thankfully Binance is announcing AML/KYC restrictions ahead of time(a month in advanced I think?), so the effect isn't that bad compared to some exchanges that require AML/KYC information all of a sudden.

[GreenStox]

to this day I still believe in the binance exchange place even though some time ago there were a lot of problems that occurred at the binance exchange place but I am still very confident in the exchange place that can generate a lot of profit.

[BitHodler]

I put much more confidence in Coinbase in that regard, and they haven't ever been hacked as far as I'm aware of, and they are less likely to hire a third party kyc desk.

I dare to question that.... I mean, every single exchange has been hacked and lost a shit ton of coins in the process, so it's not far fetched at all to at least consider the scenario of them being hacked.

Coinbase has a lot on the line in terms of reputation, because the general assumption is that they are never hacked and that their security is top notch, and this provides them enough incentives to never admit that they have been hacked.

[beerlover]

Isn't this more about what you want? I mean the person who uses coinbase pro must be from America as far as I know for the ease of use, sure you can be from somewhere else but it won't be similarly easy. Plus moving even fiat is easy when you are dealing with bitcoin, just withdraw bitcoin to your local vendors account and get fiat instead. Still, if you want to do btc-usd or one of those main pairs I guess coinbase is not really that bad, could be used.

However, personally I would pick Binance all the time, it is better in every aspect imaginable and I would say they are better at even fiat trading thanks to having USDT pairs as well. Thats my opinion of course, I never used Coinbase so it could be biased but having Binance and not needing anything else also speaks for itself.

[mdzahed134]

Definitely, i am going with Binance because this is world wide popular crypto-currency exchange and even it’s a top ranking exchange. I think the comparison within both of exchanges it’s really unpair. But on the other hand Coinbase Pro is not familiar exchange for everyone i think and here some of the top ranking coin listed so i think it’s very limited. There are no listed any new alts coins what the hell. Still i didn’t use this exchange.                

[glendall]

I almost never use coinbase, let alone use coinbase pro, but I also almost never use other exchangers like binance,
because in my opinion the exchange standard should look at binance, it's just that unfortunately for the fee it is a bit expensive.
but if the problem of withdrawal speed, I recommend yobit, I often withdraw on yobit using LTC and no more than 3 minutes have arrived at the wallet.
but still, for the appearance and also the convenience of binance is still better in my opinion when compared to any exchange.

[Landak]

both have good reputation and number of the trader community. the advantage maybe that in binance there are many choices of coins and unique interfaces and KYC we can do now or later, we will still be able to do a trade even though we haven't done KYC, while for coinbase the advantages are in low fees and simple interface but must have to do kyc.
For beginners who are looking for a simple market exchange place, I agree to recommend CoinBase Pro because fee is low and simple.

[Ferris419]

Coinbase Pro is one of the safest exchanges ever where every year Binance goes through hack issues! Both are great exchange, Coinbase Pro has lower fees than Binance. But Binance has almost 400 coins listed when Coinbase Pro has only 20-30 coins, and Coinbase is not supported in every country. So, you can go to both exchanges, but overall I prefer Coinbase Pro.

[bitgolden]

Binance is also not too bad for beginners to use because they have very good and user friendly platform that will be easy for newbies to get adjusted to and when it comes to low fee trading fee, they have one of the lowest trading fee that you can find in the market and also, they have the largest trading volume so far which makes transaction do fast and able to get executed immediately.

Coinbase is also a very good exchange too, at least they all belong to group of ten top exchanges that is classified as reliable exchanges that we have, so I will really not dispute that fact that Coinbase exchange is also a very good one, anyone that is used out of the two can still be relied on, but my choice is actually binance for now, I love them and find no reason to abandoned them.

[MURONDI]

binance is more popular in the crypto trade while coinbase is more often for wallets, I myself have long joined in Coinbase but have never traded, I guess people will also choose binance as the main exchange..

[LUCKMCFLY]

Coinbase Pro has very attractive rates, it is also necessary to emphasize that for the United Kingdom they have had some limitations and problems, but everyone likes low rates.

On the other hand Binance is having a great growth, an Exchange that has been known to recover after having suffered an attack where a lot of BTC was extracted, where it has brought a great attraction for traders that is the leverage of 125x, where it is much larger than Bitmex and where they  not has haved mass liquidations as in Bitmex. Undoubtedly Binance is gaining much more confidence and is having more acceptance,  I think Binance can go winnig over Coinbase Pro. You can expand Binance Information in 125x here: https://decrypt.co/10549/binance-offers-125x-margin-borrowing-for-high-risk-margin-traders