You have heard about Binance and Coinbase, both are popular and the trusted cryptocurrency to get hold of in the current times. If you are thinking about which one to choose, you cannot easily decide as both have different features that make your cryptocurrency payment easier and hassle-free. Some think that how these two platforms come to mind at the same time. If you are thinking deep into cryptocurrency platforms, you might come across these two items on a research basis.
One company was established in the tech towers in Shanghai, and the other one was established in the VC-ridden hills at Silicon Valley. Despite being the two most popular among the three large cryptocurrencies, Binance and Coinbase are different platforms for different users.
Like the other crypto-related items, Binance and Coinbase provide access to the various coins and the platform features depending on the user’s location. However, some countries take it harder to check the retail trading for cryptocurrencies, whereas the other nations completely embrace it.
This makes it too difficult for these exchange platforms for determining the universal rules for all the users. Sometimes, it causes legal issues. Therefore, it is very important to understand the local laws and regulations to determine whether coinbase Vs Binance or any other cryptocurrency that is far better than this. In this blog, you will get a deeper look on the features of these two platforms, currencies offered and their benefits and disadvantages.
An Overview of the Coinbase
Let’s check this; it is one of the largest and the most popular cryptocurrency exchange platforms available in North America as per the trading volume. This American trading platform was founded in 2012 by Brian Armstrong, who was the Airbnb engineer before in his life. It has grown from the obscure San Fran start-up to the $85 bn+ trading company. This exchange platform now has 40 million verified users, and it is the 3rd largest cryptocurrency exchange globally after Binance and Huobi.
The Features Of This Crypto Currency Platform
This platform operates in more than 100 nations as the mobile app and the web platform on iOS and Android, Mac, Linux and many more. This platform allows you to buy, sell and also exchange 50 available crypto-currencies. This also will enable you to check the price chart and data for many other coins available.
The Benefits Of Using This Crypto Currency Platform-
It is one of the easiest solutions for users looking for ways to buy Bitcoin. In crypto, there is a slight barrier for the users to enter U.S. bank accounts. However, this platform makes it easier to link with the bank account. Though the process seems simple, the more you enter the process, you will be involved in the tricks and tips. It has excellent infrastructure and also customer support. If you are looking for the best cryptocurrency to invest in 2021, this platform can be the best solution for you.
On the other hand, the Binance platform is the largest cryptocurrency in the globe. It was founded in the year 2017 by the developer and Fintech entrepreneur Changpeng Zhao. The function of this platform is similar to the Coinbase, but here, the users can trade more than 500 crypto-currencies. The best part of this platform is that it has the lowest fees in this industry. It has lots of options for the beginner as well as for the advanced traders too.
For U.S. traders, there are so many other options available in the market. But, if you are searching for the best types of cryptocurrencies, Binance and Coinbase are the best ones. Now, you can choose as per your requirement.