How does Binance compare to Coinbase in terms of fees?

3 answers

• Dec 20, 2021 · 3 years ago
  When comparing the fees of Binance and Coinbase, it's important to consider several factors. Binance offers a tiered fee structure based on trading volume, with lower fees for higher volume traders. Coinbase, on the other hand, has a simpler fee structure that varies depending on the region and payment method used. Overall, Binance tends to have lower fees compared to Coinbase, especially for high-volume traders. However, it's important to note that fees can vary depending on the specific cryptocurrency being traded. It's always a good idea to check the latest fee schedules on both platforms before making any trades.
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• Dec 20, 2021 · 3 years ago
  Binance and Coinbase have different fee structures. Binance charges a flat fee of 0.1% for both makers and takers, regardless of trading volume. Coinbase, on the other hand, has a variable fee structure that depends on the region and payment method. For example, Coinbase charges a fee of 1.49% for U.S. bank account purchases and 3.99% for credit/debit card purchases. In terms of fees, Binance is generally considered to be more cost-effective for frequent traders, while Coinbase may be more suitable for beginners or those looking for a user-friendly interface.
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• Dec 20, 2021 · 3 years ago
  In terms of fees, Binance and Coinbase have different approaches. Binance offers competitive fees for both makers and takers, with the possibility of reducing fees further through Binance Coin (BNB) discounts. On the other hand, Coinbase has higher fees compared to Binance, especially for smaller traders. However, Coinbase provides a more user-friendly experience and is often recommended for beginners. It's important to consider your trading volume and preferences when choosing between Binance and Coinbase, as fees are just one aspect to consider in the overall trading experience.
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