Coinbase Vs Binance: A Side-by-Side Comparison 2022

Other Features

Binance Winning belongs to Binance staking functionality, which offers a significantly higher number of staking coins with more than 50 tokens. The Binance staking app also provides much larger payouts of up to 82% APY on assets with a large market capitalizationlike Axie Infinity (AXS).

Binance Winning allows you to bet more than 50 coins. Picture: Binance

The OTC office on Binance allows traders to buy and sell large sums of cryptocurrency (over 10,000 USDT) without submitting orders in the order book. Through the Derivatives section of Binance, users can access the futures market. Many instruments support perpetual and delivery contracts in various cryptocurrencies, including stablecoins like USDT and BUSD.

Binance has opened an NFT marketplace where users can buy, sell, and trade digital assets such as art, music, and games. The Binance NFT exchange is still in its infancy.

In contrast, Coinbase Earn is Coinbase’s native staking product that allows investors to earn up to 5.75% annual percentage return on cryptocurrencies held on the platform. Coinbase only supports six currencies for staking, including Algorand (ALGO), Ethereum (ETH), Cosmos (ATOM), Cardano (ADA), Solana (SOL), and Tezos (XTZ).

On Coinbase Pro, many types of orders are supported. Basic orders include market orders, limit orders, and stop orders, while more advanced order types include Good ‘Til Cancelled, Immediate or Cancel, and Fill-or-Kill. This collection of order types allows traders to to optimise commercial precision, maximize gains and prevent losses.

Coinbase Pro User Dashboard. Picture: Coinbase

Coinbase recently announced Coinbase NFT, which generated significant anticipation ahead of its official launch. However, it significantly underperformed, trading only 20 ETH in 24 hours. The Coinbase NFT market offers a few OpenSea collections with reduced trading costs. ‍

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