Its key feature is the ability to connect fiat to cryptocurrencies. In this review, it will be Coinbase.Ĭoinbase is one of the most famous exchanges in the world. If you have just started investing in cryptocurrency and want to start trading on the exchange, you will first have to buy cryptocurrency on another exchange and then make a deposit on Binance. Thus, newly-minted cryptocurrency investors will not be able to immediately start trading on Binance. Deposit MethodsĬurrently, Binance accepts exclusively cryptocurrencies as a deposit. Nevertheless, all investors from the United States should independently conduct a thorough analysis and find out if there are any legal obstacles imposed by their state that can prevent them from trading on sites included in the top cryptocurrency exchanges, one of which may be recognized as the best cryptocurrency exchange for them. Binanceīinance does not prohibit US investors from trading on their own exchange. The incomplete list of competitors-compatriots of this exchange includes Bit-Z, KuCoin, Gatecoin, BitFlip, and CoinEx Market. In a way, Hong Kong is a cryptocurrency trading mecca. Binanceīinance is an exchange from Hong Kong, that has a huge number of exchanges. If you replenish your account by bank transfer, the deposit fee will be 1.5%, which is also decent when compared with the commissions of competitors present in the market. When making a deposit to this exchange with a credit card, you will most likely pay a commission for the deposit of 4%. In general, it is worth paying attention to the various fees for depositing fiat currencies on exchanges for bank transfers and credit cards, as they may differ. This may seem especially useful to beginner cryptocurrency investors. You can deposit at Coinbase by bank transfer or credit card. This means that the service is primarily aimed at individuals who feel insecure with cryptocurrency trading and, perhaps, are only taking their first steps in the crypto world. Major cryptocurrencies are available here: BTC, BCH, ETH, and LTC. Only a few coins are available on this exchange (their list is much more complete on GDAX). Since Coinbase is an American cryptocurrency exchange, investors from the United States can freely trade here. Coinbase most likely specializes in retail customers who want to buy Bitcoin for fiat currencies, and GDAX is a more advanced cryptocurrency trading platform. Coinbase operates under two different brands, Coinbase and GDAX. It entirely depends on the currency you use.Ĭoinbase is an American cryptocurrency exchange, one of the largest cryptocurrency exchanges in the world. How much time do I need to transfer money? You can choose a slower transaction speed and transfer your money in one of the currencies with the smallest transaction fees. Technically it is a withdrawal to an external wallet. You transfer money via send/receive functionality. How do I transfer money between Coinbase and Binance?
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