Coinbase vs Binance

Coinbase vs Binance: Which Is Best In Nigeria

Looking for the best cryptocurrency exchanges in Nigeria? The battle is Coinbase vs Binance Here you’ve come to the right place where you can get all the comparisons and their differences.

Binance and Coinbase are two digital currency platforms with totally different methodologies. Coinbase is a United States-based crypto exchange designed for newbies with a simple interface and limited transaction types. Binance has a precarious expectation to learn and adapt, upholds progressed clients, and gives global brokers many currency exchanging choices.

In Nigeria after the central Bank of Nigeria bans all use of cryptocurrencies, it becomes very difficult for the users in other to make their transactions, therefore Coinbase and Binance remain the best crypto exchanges in Nigeria.

Binance is a cryptocurrency exchange that is the largest exchange in the world in terms of the daily trading volume of cryptocurrencies. It was founded in 2017 and is registered in the Cayman Islands. Binance was founded by Changpeng Zhao, a developer who had previously created high-frequency trading software.

Coinbase was founded in July 2011 by former Airbnb engineer Brian Armstrong and was first funded by Y Combinator. In 2012, co-founder Fred Ehrsam, a former Goldman Sachs trader, joined the company, after which Coinbase launched services to buy, sell, and store bitcoin.

Binance vs Coinbase: Features

FeaturesBinanceCoinbase
Acceptability
Bonus
InstrumentsCryptosCryptos
Demo Account
Minimum Deposit$0$0
Best Payment MethodACH Transfer, ADVcash,
Bitcoin Payments, Credit Card,
Flutterwave,
Google Pay,
Paybis, Wire Transfer.
Bank Account (ACH),
Debit Card,
Wire Transfer,
PayPal,
Apple Pay, Google Pay.
P2P Method
Minimum Trade$10$2
Mobile AppsAndroid, iOSAndroid, iOS
Naira Currency

Binance vs Coinbase: Fees

FeesBinanceCoinbase
Bank accountFree outside of the U.S.1.49%
WalletN/A1.49% 
Debit/credit cards3.5% or $10 whichever is higher3.99%
Automated clearinghouse (ACH) transferN/AFree
Wire transfer$15 per U.S. wire transfer$10 deposit, $25 withdrawal
Cryptocurrency conversionFree, however, Binance has a spread above market price0.50% to 2%
Purchases0.015% to 0.1%0% to 0.50%
Trades0.015% to 0.1%0.50%
Other fees0.50% instant buy and sell fee$0.99 to $2.99 based on the amount

Binance vs Coinbase: Coins

BinanceCoinbase
CryptocurrencyBuy and sell an extensive list of leading and emerging crypto coins at Binance.

Coinbase offers access to almost 4000 digital coins. It is the easiest place to buy, sell and manage your cryptocurrency portfolio
SpreadVariable fees with account tiersBTC 0.1%, ETH 0.1%
Crypto Lending

Popular Binance Coins:

DOGE, VET, USDT, BTC, BNB, ETH, VTHO, ADA, ONE, SOL, NEO, LINK, XLM, NANO, LTC, BUSD, HBAR, ALGO, MANA, ZIL, ENJ, BCH, MATIC, EGLD, HNT, EOS, QTUM, RVN, DAI, IOTA, ONT, STORJ, UNI, ETC, BAND, OMG, XTZ, USDC, ATOM, DASH, ICX, BAT, MKR, OXT, ZEC, ZEN, ZRX, COMP, WAVES, KNC, REP, PAXG, FIL, WBTC, THETA, SHIB.

Popular Coinbase coins:

BCH, BTC, ETH, LTC, XRP, IOTA, NEO, EOS, XMR, FIL, WBTC, SHIB, BNB.

About Adamu Maigari

My name is Adamu Maigari, I'm living in Borno, Nigeria - I write on Tech, Crypto, Gaming, Computing, Cybersecurity, and How to make money online.

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