Binance vs Coinbase: Fees
Binance has some of the lowest fees in the market, whereas Coinbase has some of the highest. Even though Binance US customers will pay a little more than those in the United States, it is still considerably less expensive than Coinbase.
The average transaction fee on Coinbase is around .50%, plus convenience fees that can range from 1.49% to 3.99%. Binance, on the other hand, uses a maker-taker model and charges 0.015% to 0.1% for both maker and taker.
Other Coinbase Fees:
1. Wire Transfer: $10 deposit, $25 withdrawal
2. Instant Card Withdrawal: Up to 1.5% of any transaction and a minimum fee of $0.55
Binance Maker-Taker Model:
Users who place an order for a product at the market price that is immediately filled are considered takers and charged a taker fee. On the other hand, users become a "maker" and are charged a maker fee when the trade completes, that is, if their order is not immediately matched.
Check out our Binance review for the complete fee structure. Users are charged a 0.1% fee per transaction, with reductions for paying using the Binance native token (BNB) to cover these costs. Binance is the only platform where you can purchase BNB.
The fee is also determined by the trading volume (measured in Bitcoin amounts), which drops down to 0.02% as the trade volumes increase.