In the world of cryptocurrency, there are many different exchanges that people can use to buy and sell their coins. However, not all exchanges are created equal.
Some are better than others in terms of fees, security, customer service, and more. So, who is better than Coinbase?.
To start, let’s look at fees. Coinbase charges a base rate of 4% for all transactions. However, if you use a credit or debit card to make your purchase, that fee jumps to 5%. That’s pretty high compared to some other exchanges out there.
For example, Binance only charges a 1.5% fee for credit and debit card purchases. So, if you’re looking to save on fees, Binance is the better option.
When it comes to security, Coinbase is definitely one of the more secure exchanges out there. They have implemented multiple layers of security, including 2-factor authentication and a host of other measures. Binance is also a very secure exchange with 2-factor authentication and other security measures in place.
However, they did have a major security breach in 2019 where hackers were able to steal over 7,000 BTC. So, while both exchanges are secure, Coinbase has the edge in this area.
Customer service is another area where Coinbase excels. They have a very responsive customer service team that is available 24/7 to help with any issues you may have.
Binance also has excellent customer service, but they are not available 24/7 like Coinbase is. So, if you need help at odd hours or on weekends, Coinbase is the better option.
All things considered, Coinbase is definitely one of the better cryptocurrency exchanges out there. They have low fees (especially if you use a bank account), great security measures, and excellent customer service.
If you’re looking for a top-notch crypto exchange, Coinbase is definitely worth considering.