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.
You're not missing anything mate because the huge percentage payment for transaction on coinbase isn't been known to many traders and many of them don't Still be able to fetch this type of information. Coinbase is a well known cryptocurrency exchange compare to Binance in this case, due to the facts above many never looked into the exchange fees to know what sooth them. Although, for me I don't have any account with coinbase but only operating with Binance and some other decentralized cryptocurrency exchange with a minimal trade fees.