Everything you need to know about commissions and fees on Binance and Coinbase
Binance and Coinbase are the most popular crypto exchange platforms that are used worldwide. Binance is great for users around the world, it supports more than 180 countries with the headquarters located in Shanghai. Coinbase, on the other hand, supports about 100 countries with limited availabilities for buys and sells transactions (36 countries). Both platforms are easy to use for first-time users, Coinbase interface is designed for beginners with easy to use navigation. Binance will be an interest of both sides, if you are an intermediate trader then you will appreciate the interface and available features.
Binance vs Coinbase commission and fees
Binance
Deposit Options and Fees (Jul 2021):
1. Bank Cards (Visa/MC)
0 Fee
2. P2P Trading
0% Fee, but high risks
3. Simplex
Range between 3.5% — 5% of the transaction value
4. Bank Transfer
Gateway Fee: 1.99%
5. Advcash Account Balance
0 Fee
6. Etana Account Balance
0.1% Fee
Additional Fees:
- 0.02% to 0.10% purchase and trading fees
- 3% to 4.5% for debit card purchases
Coinbase
Payment Methods
1. U.S. bank account or Coinbase wallet
1.49%
2. Debit card
3.99%
Instant card withdrawal
Up to 1.5% (minimum fee of $0.55)
ACH transfer
Free
Wire transfer
$10 ($25 outgoing)
Fiat Deposit and Withdraws
Deposit (Add Cash)
ACH Free Wire (USD) $10 USD
SEPA (EUR) €0.15 EUR
Swift (GBP) Free
Withdrawal (Cash Out)
ACH Free Wire (USD) $25 USD
SEPA (EUR) €0.15 EUR
Swift (GBP) £1 GBP
Variable Fees by Location and Payment Method (Canada, Chile, Europe, Mexico, Singapore, UK & USA)
https://help.coinbase.com/en/coinbase/trading-and-funding/pricing-and-fees/fees
