I know that many new traders and investors find it difficult to choose the best exchange. Binance and Coinbase are both platforms for buying, transferring, storing, and selling your digital currency securely. Binance and Coinbase can allow you to exchange currency for another digital currency, an asset, or even fiat money (a currency established as money. i.e., USDT, BUSD, DAI, RUB, EUR) even without a broker. We'll see if Binance is better than Coinbase or vice versa to assist you in picking which financial system is right for you.

Binance: Pros and Cons

Binance is well known for low trading fees. If you trade with BNB, you get a 25% discount on the normal fee. It is the biggest crypto exchange in the world.

Pros:

Binance, unlike Coinbase and several other platforms, allows a wide range of fiat currencies. It supports currency exchanges from USD to EUR and over 50 other currencies, making it a popular choice for anyone looking to trade in that capacity. Binance has swept aside numerous smaller platforms that can't compete with its huge selection of cryptocurrencies and altcoins since its start. Binance ranked among the largest cryptocurrency exchanges in the world in 2021, with a trading volume of 18.63B USD.

• Binance lite mobile app has a straightforward interface that can make it easier for beginners. If you want more information and advanced staff, you can switch to advance mode in the mobile app and use their website.
• The maximum trading amount is unlimited, while others are capped.
• Huge coin collection.
• Low trading fees at 0.1% and less. (25% discount if you trade with BNB).
• Easy sign-up process.
• Excellent customer service

Cons:

• Binance does not have a built-in wallet feature.
• Many features are not available in few states of the USA. But it's available in many countries.
• Non-transparent corporate structure.

Overall, Binance is a powerful platform with many great features that are just becoming stronger with each passing day. Binance is the platform to utilize if you want minimal trading costs and access to lesser-known cryptocurrencies that other platforms may not provide.

Register on Binance: accounts.binance.com/en/register

Coinbase: Pros and Cons

Coinbase is well known as an American exchange. Coinbase was one of the first exchange apps that employ a broker-style user interface to convert USD from your bank account directly into bitcoin.Pros:

• All major coins are available.
• Easy to trade in the US.
• High security.
• Clean interface, which is good for beginners.
• The customer support is known to be good quality

Coinbase has a large user base, estimated to be over 13 million. While there is plenty to like about the platform, there are also drawbacks, such as a limited number of coins and greater trading costs than other platforms.Here are a few of the cons:

• Not available in all countries
• Lesser-known currencies aren't supported.
• A lower number of cryptocurrencies accepted than other platforms
• Higher fees
• If you wish to trade in fiat currency and withdraw to your bank, Coinbase is perfect. If you are based in the United States, it is also a better platform.

Conclusion( My Opinion):If you are a US citizen, it's better to start with Coinbase. But I recommend Binance for the non-US residents. I am a non-US resident. I started my trading career on Binance. Till now I haven't face any problems. Binance is more advance, and it has so many exciting features to explore. You can use its P2P platform to deposit initial funds or use Visa/MasterCard to buy coins.