When it comes to fees, both Coinbase and Binance charge relatively similar rates. Coinbase charges a flat fee of $2.99 for transactions under $200, while Binance charges a 0.1% fee for all trades.
NOTE: WARNING: Before deciding on which platform to use for cryptocurrency trading, you should always compare the fees charged by both Coinbase and Binance. Coinbase generally has higher fees than Binance, but this is not always the case. Fees can vary depending on the type of transaction, payment method and other factors. Be sure to do your own research to find out which platform offers lower fees that best suit your needs.
However, Binance does offer a discount for users who pay their fees with Binance Coin (BNB), which can lower the fee to as low as 0.03%. For larger transactions, Coinbase’s fee structure is more advantageous, charging 1% for transactions over $200. Overall, Binance’s lower fees are more advantageous for frequent traders, while Coinbase’s flat fee structure is better for infrequent or large trades.