Binance trading fees vs Coinbase
Is it Coinbase or Binance? This is one of the most common questions asked by Turkish investors who are thinking about entering the crypto currency sector and care about commission rates. Of course, this is a logical question that beginners in the Sunday should ask. Since the Bitcoin ecosystem is a very dynamic environment, new opportunities appear every day. To take advantage of these possibilities, it is preferable to use exchanges with advanced functionality.
So, what exactly do these advanced features include? To begin with, do not think of the crypto currency market as a place where only Bitcoin, Ethereum and other cryptocurrencies are bought and sold. Due to cryptocurrency pools, airdrops, NFTs, mining pools and other similar services. I’m talking about a highly developed world. As a result, it is normal to think about which Bitcoin site or cryptocurrency exchange is best for you. Before we get to the bottom of our article, we will make a brief statement.
Is it Binance or Coinbase?
In our experience, Binance is quite superior to Coinbase. There are obvious reasons for this. First of all, Binance is the world’s largest cryptocurrency exchange by transaction volume. It occupies the top position and even increases the trading volume of its competitors by ten or twenty times. This is the preferred option.
Binance, on the other hand, offers many complex features. Binance outperforms Coinbase in many areas, including margin trading, leveraged transactions, mining pools, airdrop support, and the NFT trading platform.
Highlights of Binance
1. Low Commission
First of all, Binance’s commission rates are extremely low. In other words, Binance’s commission rates are quite competitive compared to Coinbase. Well, how could you do this? If your 30-day trading volume is less than 50 Bitcoins, Binance will charge you a 0.1 percent commission. If you pay a commission using BNB, the fee drops to 0.075 percent. Also, if you register with Binance via the link below, your commission rate will be reduced by 10%.
So, what is the significance of the commission rate? To begin with, this is not just about buying and selling coins. You may also want to try some of the other options. For example, commission rates on leveraged transactions can become inconvenient after a certain period of time. Some companies even pay thousands of dollars in commissions. As a result, it will be useful to use both the BNB and the URL that we will provide. Coinbase, on the other hand, does not offer such a feature.
2. Slipage Rates
Slippage is common in markets with high volatility or low liquidity. When a trade settles at a different price than expected or demanded, this is known as a shift.
Consider the following scenario: you want to place a market purchase order greater than $ 100, but the market does not have the necessary liquidity to fill your order at this price. As a result, you will have to accept the following orders (over $100) until your order is fully filled. This causes the average price of your purchase to be more than $100, known as a slip.
3. VIP Loyalty Program
The VIP program is a tool that makes high-volume investors feel special and allows us to increase their earnings by providing them with special privileges and bonuses. The VIP-program is divided into nine layers, each of which requires a larger volume of transactions than the previous one, but at the same time offers better advantages.
To become a VIP trader, you need to fulfill two conditions. The first criterion is simple and understandable: you must have at least 50 BNB in your wallet. A 30-day trading volume of at least 50 BTC for spot trading or at least 250 BTC for Futures is the second criterion. You cannot apply unless you meet both of these conditions. Binance VIP commission rates can be found at the link below.
https://www.binance.com/en/fee/vip
4. Binance Zero Trading Commission Promotion
Binance is expanding its Zero Trading Commission Promotion to include all USD fixed coin pairs to further increase liquidity in fixed coin trading pairs and provide a better trading experience to all users.
Promotion is available for these currency pairs; BUSD/DAI, BUSD/USDT, BUSD/VAI, SUSD/USDT, TUSD/BUSD, TUSD/USDT, USDC/BUSD, USDC/USDT, USDP/BUSD, USDP/USDT, USDT/DAI, UST/BUSD and UST/USDT
The period during which the promotion will be valid: 21/02/2022 03:00–30/06/2022 03:00
4. The Most Reliable Stock Exchange
Just as BTC is the leader of the crypto world, Binance is the leading brand in the world of crypto exchanges. You can become a Binance member without any trust problems with the motto that the biggest one is always more reliable. As you know, the crypto currency markets have started asking for your credentials. These measures were taken to secure our assets. Personally, I would rather give my own credentials to Binance than give them to an exchange I can’t trust.
Coinbase Highlights
1. Commission Rates
Although Coinbase’s commission rates seem to be higher than Binance’s commission rates, Binance gives the best commission rate on the cryptocurrency market when you become a member and own a BNB with a reference link.
Coinbase, on the other hand, lacks any crypto currency. There is no way to get a discount, as there is no reference system.
2. Deposit and Withdrawal Methods
Coinbase sadece bir para yatırma ve çekme seçeneği sunar. Bu, yalnızca kendi adınıza bir banka hesabınız varsa mümkündür. Binance ve Coinbase’in şu anda önemli ölçüde farklılaşıp farklılaşmadığını değerlendirmek zor.
3. Listed Cryptocurrencies
Although Coinbase is one of the world’s first cryptocurrency exchanges, the number of available cryptocurrencies is unfortunately limited. However, this does not seem to be a significant problem for Coinbase. Because Coinbase does not actually list crypto coins from projects that are high-quality, hollow, and do not have a solid foundation.
4. Transaction Volume
Coinbase does not have the same amount of trading pairs as Binance. But as already mentioned, Coinbase is a local exchange, where it outperforms other domestic exchanges.
Coinbase’s transaction volume is fine, but it lags behind Binance. Coinbase can of course be found on a regular cryptocurrency exchange due to its high liquidity.
Result
According to our reviews, Binance is much more advanced than the Coinbase exchange. The fact that the number of users is quite large is also indicative of this. Both low commission rates and reliability lead Binance to the first place. In addition, not to mention the deposit methods and P2P advantages it offers. If you think like us and want to join Binance, you can use this link.
