However, the trading fees are higher, which is arguably more important since both platforms offer free ways to deposit money via bank transfer. It costs 3.99% to buy crypto using a debit card, which is less than on Binance.US. Not only can fees on Coinbase be high, but the platform is also not very transparent about these charges. READ MORE: Binance Review Coinbase and Coinbase Advanced Trade Since Binance.US does not charge fees on BTC/USD trades, you could buy Bitcoin without paying any bank fees.
However, it makes more sense to deposit money via a bank transfer, which is free. To buy $1,000 worth of Bitcoin (BTC) on Binance.US using a debit card, you'd pay a $45 card fee. Binance.US also offers a 0% trading fee on certain pairs, but charges a higher maker-taker fee for certain cryptos. Binance.US customers pay a 0.5% fee to use its basic "Buy Crypto" function, which is similar to Coinbase's swap function. All Binance customers can get a 25% discount if they pay fees in Binance Coin (BNB), and high-volume traders can also qualify for lower fees. The basic maker-taker trading fee on Binance is 0.1%, which compares well with most other crypto exchanges. However, if you want to use a debit card, you'll pay a 4.5% fee on Binance.US and 1.8% on the main exchange. dollars) from your bank account to both Binance and Binance.US. It's free to transfer most fiat currencies (such as U.S. Binance and Binance.US come out ahead of Coinbase in terms of fees. Crypto exchange fees can add up, especially when you factor in the amount it costs to deposit and withdraw your funds.
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