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.
Difference in the fee is the reason why Binance sitting at the top in trading volume compared to other reputed exchanges but some people may have issues with binance so they will use coinbase even the fee is little bit more so they just keep continue to trade after paying high fee.One who is more cautious about all the expenses while doing a trade will take it into account about switching to exchange with cheaper fee.