Binance Or Coinbase

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    There has been a lot of debate in the community regarding which is better, Binance or Coinbase! Both Binance and Coinbase have proved themselves to be major players in cryptocurrency exchanges, but which one is better?

    Coinbase was founded by Fred Ehrsam and Brian Armstrong in 2012, and is run as a broker exchange, which means they buy cryptocurrency for their customers, rather than bringing sellers and buyers together.

    Binance was founded by Yi He and Changpeng Zhao in 2017 and is run as a crypto-to-crypto exchange, which means they bring sellers and buyers together. So, as you can see that there is a major difference in the way that both Binance and Coinbase operate. However, in all other areas, they are fairly similar and are both great platforms for new traders to begin their trading experience.

    As with everything, the best way to find out what works best for you, especially if you are new to cryptocurrency, is to try both and experiment with the features available on both Binance and Coinbase.

    Essentially the choice may fall on whether you prefer a broker exchange or a crypto-to-crypto exchange, as both these options have the good and bad points.

    Answered on August 7, 2019.
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