NFT4U

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:

  1. 0.02% to 0.10% purchase and trading fees
  2. 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

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NFT4U is a London based start-up. Writing short articles on NFT insights, technology and art. Say Hello at hello@nft4u.io 😊