![]() For that not to repeat, 2FA identification has seen the light of the day, and thanks to it, hackers nowadays have a hard time accessing the platforms.ĬoinDesk has made an interesting video about the heist that explains in detail how it began and how hackers hacked the system in order to steal milions of dollars. In 2019, hackers stole $40 million worth of Bitcoin from Binance, making it the most significant crypto heist up to date. And security is essential, especially in cryptocurrency. Binance or Coinbase: Securityīoth Binance and Coinbase have strict security rules that block possible hacker attacks and keep investor funds safe.īoth Binance and Coinbase offer two-factor authentication (2FA as it’s often called) used to identify users. Binance, even though it has a US branch, isn’t that appealing to the US residents but is far more prevalent in Europe or Asia. Coinbase has a stringent vetting procedure for which cryptocurrencies it will allow, and it presently supports over 40 of them.īinance, on the other hand, has expanded its cryptocurrency exchange to include over 500 coins (and counting).Ĭoinbase is also better for US residents users but a little less appealing to the rest of the world. ![]() ![]() The offered cryptocurrencies are the most significant distinction between the two platforms. However, they did have to create a distinct corporation, Binance US, exclusively for US consumers. Binance or Coinbase: General InformationĬoinbase, founded in 2012 by Brian Armstrong and Fred Ehrsam, was one of the first cryptocurrency exchanges on the market. It’s a licensed exchange situated in the United States that provides access to some of the largest cryptocurrencies on the market today.Ĭoinbase has positioned itself as one of the top exchanges globally, thanks to an easy-to-use interface and the option to buy bitcoin with your bank account or credit card.īinance, created in 2017 by Changpeng Zhao, is a relative newcomer to the cryptocurrency market. It has swiftly evolved to become the world’s largest exchange by volume, providing customers with access to hundreds of cryptocurrencies.īinance is available in over 180 countries globally. In the end, hopefully, you’ll be able to draw a concussion and pick the platform that suits you the best. We’ll do it by comparing Binance and Coinbase on several different aspects we believe are most important for a trader. We’ll cover everything to these two platforms, their good, and bad sides, and list all the information you may need. They are the most popular ones, they are incredibly safe, and you should expect to find all cryptocurrencies there - Bitcoin, Etherium, or alts, if that’s what you trade.īut which one to pick? Indeed the two of them have their pros and cons, but which one would be perfect for you as a trader? In this article, we’ll answer that question for you. It’s evident that if you’re a newbie trader (or someone who has been in the game for quite some time now), you will pick one of these two platforms. These two giants have a little less than 80 million users combined, and this number is expected to hit the 100 million mark by the beginning of January 2022. It’s reported that Binance has over 28 million active users as of October 2021, while Coinbase has about 56 million users. There are many platforms to choose from (they are often called brokers), but two share the crown and are considered the most popular.īinance and Coinbase are the two biggest crypto trading platforms. Thankfully, the market isn’t monopolized, and investors have a choice. In January 2021, the record was set - 400.000 Bitcoin transactions were made every single day, while for Ethereum, that number was 1.1 million. With such a huge fan base and millions of transactions made, there needs to be a platform that can support all activities and provide the best possible experience to the investors.Īnd, the volume of trading in the crypto space isn’t small. ![]()
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