As you probably know from the latest Coinbase news this year, the cryptocurrency exchange announced its Coinbase Pro platform earlier this year, along with Binance and the expansion with the American branch called Binance.US. This has put both of the platforms as direct rivals in the market – but is Binance US or Coinbase Pro actually better?
Even though there are several other options too, these exchanges are operated by two of the most recognizable cryptocurrency firms in the space. Both of them have a major US presence now.
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Below, we are reviewing both of them and showing you whether Binance US or Coinbase Pro is a better option.
Coinbase is a long-established company which was created in 2012 and launched its exchange in 2015. Binance was created in 2017 but is still more dominant than Coinbase – taking it over in many ways.
The Binance news today show that even though Binance ranks as the largest exchange in the world, Binance.US is much smaller since it serves only one country. Coinbase, on the other hand, does not report volumes for its non-Pro exchange and handles $100-$200 million of volume per day as details show.
If you are wondering whether Binance US or Coinbase Pro is more legit, we can safely say that they are on the same level. Even though they were both in the news for some fiascos over the years, Binance and Coinbase are among the most respected firms on the market.
According to CryptoWatch, Binance.US has $4 million of liquidity while Coinbase Pro has $15 million. However, both exchanges seem to have sufficient depth for the amount of activity that they experience.
Fees And Limits
Which is better in terms of fees and limits – Binance US or Coinbase Pro?
Binance.US’ fees start at 0.1% while Coinbase Pro’s fees start at 0.5%. However, both offer fees as low as 0%. The limits on trading are similar too – Binance.US allows withdrawals and deposits of up to $1 million via bank wire and Coinbase Pro allows unlimited deposits and withdrawals to $10,000 per day.
Binance.US supports 46 trading pairs for 26 coins while Coinbase Pro offers 53 trading pairs for 22 coins.
Now, as you can see, it is difficult to answer the “Binance US or Coinbase Pro” question and make a decision. Perhaps Binance.US is a bit better in terms of its fees, limits and support, but Coinbase Pro is definitely a decent competitor.
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