Binance US vs. Coinbase Pro: BEST US Exchange?? 🖥

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- TIMESTAMPS -
0:00 Intro
1:39 About Binance US & Coinbase Pro
4:16 Are They Safe?
8:07 Supported Cryptos
9:03 Deposit Methods
9:45 Supported States
10:33 Fees
15:00 What To Know
16:07 How To Trade?
18:01 Support
18:51 Apps & APIs
19:27 Outages
20:01 Final Thoughts

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📺 Recommended Videos 📺

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⛓️ 🔗 Helpful Links 🔗 ⛓️

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📝 Overview 📝

Finding the right crypto exchange can be a daunting process. That’s particularly true if you are a US citizen.

❓About Binance US & Coinbase Pro❓

Coinbase Pro is based in San Francisco and has acquired more than 35 million users, processed $220 billion in trading volume and services over 100 countries. It also has safeguarded $7 billion in institutional assets since 2013.

🔒 Are They Safe? 🔒

Coinbase Pro uses the same security protocols as Coinbase. 98% of funds are stored in cold storage and private keys are stored in safe deposit boxes. US users enjoy FDIC insurance on USD balances and that’s good for up to $250k.

💰Supported Cryptos 💰

Coinbase Pro supports 31 cryptos, whereas Binance US supports 41.

💳 Deposit Methods 💳

► Binance US: Debit card, domestic wire & ACH.
► Coinbase Pro: ACH, wire and PayPal for withdrawals.

Both exchanges support crypto deposits and withdrawals.

🇺🇸 Supported States 🇺🇸

► Coinbase Pro: Supports every state except Hawaii.
► Binance US: Blocked states include Alabama, Alaska, Connecticut, Florida, Georgia, Hawaii, Idaho, Louisiana, New York, North Carolina, Texas, Vermont & Washington.

💸 Fees 💸

ACH deposit fees are free on both exchanges. However, if you want to use a wire or debit card then Binance US is going to be slightly cheaper.

One thing to be aware of is that Coinbase Pro has no withdrawal fees and on Binance US, you’ll pay a variable fee based on the crypto you withdraw.

When it comes to trading fees, Binance US is five times cheaper, charging a maximum fee of 0.1%.

✅ Things To Know ✅

With Coinbase Pro, you need to create a regular Coinbase account first.Your Coinbase login and password will be exactly the same for your Coinbase Pro account and you just need to transfer funds

Coinbase Pro verification is as easy as taking a selfie and submitting an ID document. Binance US has three steps of verification which will take about 10 minutes to complete.

📈 How To Trade? 📈

Watch my vid to learn how to do that!

🎧 Customer Support 🎧

Both exchanges use email support tickets. However, Binance US response times are significantly better.

📱 Mobile Apps & API’s 📱

Both exchanges have mobile apps, API’s and are compatible with a plethora of trading bots.

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📜 Disclaimer 📜

The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading Forex, cryptocurrencies and CFDs poses considerable risk of loss. The speaker does not guarantee any particular outcome.

#coinbase #binance #bitcoin #cryptocurrency #exchange #trading #us

[rorymc]

Great knowledge shared....one thing on fees though...although Binance charges lower fees they also have worse spreads on the Buy/Sell price so you need to consider that as well. I have known Binance to have a price to buy BTC that is >1% worse than Coinbase pro so that is worse than paying the 0.5% fee for Coinbase Pro

[Kory_Bailey]

I've learn a lot from this video.
Thanks so much for adding greatly to my knowledge..

[vraiqeth]

Best crypto channel on Youtube. Thanks for all the information.

[carlitos]

Great Job! I love your humor, keeping me focused yet smiling.

[MetalBum]

Yup. Moving my overvalued stocks into undervalued bitcoin and cryptos.

[katrinaspencer]

*I didn't get everything I prayed for until I became the person ready to receive (Good returns). People who usually give up in life are people who lose in life too. my first experience happens to be a failure but I never gave up cause l knew it was going to work out for me some day, tryings fortunately I'm smiling today by getting involved in Crypto investment*

[vanmasterflash]

ach withdrawl limit of $1000 per day. Nobody wants to talk about that.

[kyesniper]

This is the big worry I have with Crypto, being able to actually exchange it for fiat cash. I live in Canada, and for a while it's been pretty sketchy to actually convert coins to cash, hoping it's a little different now.

[BaggelasTV]

Coinbase has very high fee. At least for me, I don’t live in the US. for a 60 euro transaction it takes 3 euros ...and it offers less crypto’s. I think almost 25-30 maybe even more. Binance is difficult as an app but if you learn it, it’s the best

[scratchyai]

This was super informative. I opened a Binance.US Account a few months ago wondering if it was legit. Played around with it. Then found your video and was relieved. Thank you!!

[tonysantillanes]

Do not use Binance. They will take your money and then say your account is not verified. Impossible to reach customer service.

[danimoosakhan]

0.5% fee on coinbase pro is ridiculously high.

[theDanielJLewis]

It looks like Coinbase Pro must've changed because they don't have that "digital assets" line on withdrawal fees, and I'm seeing network fees if I want to withdraw my crypto to somewhere else.

[Ruddster]

I recently signed on to Coinbase Pro. I have a small amount of BTC and like it. I am yet to pull the trigger on trades like selling short. I also am just learning. Thanks for the videos.

[Tony-bepb]

I’m new to crypto investing.My question is if Coinbase pro and Binnace store 98% in Hard Wallets...Why is it necessary for me to store it in my personal Hard Walllet? Thanks

[veliromn]

@Coin Bureau would to see a video on decentralized crypto exchange platforms. Like bisq, etc.
Thanks for the video! Helpful

[sharidass]

Lover your videos. Learning a Ton.

Is Binance Smart Chain compliant with US regulations?

[triggerwarning]

I've had a horrible experience with binance, they have had me money held hostage for over a year now. They had a system glitch that charged my account multiple times and if you put a "ticket" in for help (only way to contact) they will make you wait past 90 days so there is no record of your transaction. They say I need to pay them back the full amount of the charge backs before they unlock my account to access my funds. I feel like I've been scammed big time. Their system glitch drained my account from my very first deposit and then tried overdrafting. The worst part is there is nothing I can do, by their design. This should be illegal.

[hayleybonnell]

I'm in UK. If we buy crypto on binance does it follow the general price fluctuations or do we need to move it elsewhere?

[jbjohnson]

Please talk about which exchange offers the most liquidity in terms of being able to sell your crypto for the price of that crypto at the time you wish to sell it.