Hello. I am having a hard time understanding why anyone would use Coinbase Pro for trading compared to Binance. What am I missing?
Coinbase Pro's fees are 0.5% for transactions below $10k. Binance charges 0.1%, or 0.075% if you have BNB. So if you made a $5,000 trade you would pay a $25 fee on Coinbase Pro and a $3.75 fee on Binance. What am I missing here? Why would anyone trade on Coinebase over Binance? How can they be competitive charges such high fees? Thanks.
Most people do not have much information to compare the services. Those newbies in the space hears a lot about Coinbase and their pro version so they decides to go with Coinbase I think. By the way, can you tell me from US to buy bitcoin using Bank or card which platform has reasonable fees? Coinbase or Binance? Sorry I am not from US but a friend of mine needs help to buy some Bitcoin there.