Binance also offers crypto address whitelisting, which means you can select which addresses can withdraw your cryptocurrency. Coinbase’s digital wallet also has these features. Instead, it partners with Trust Wallet, which secures your crypto via biometrics, a 12-word recovery phrase, and a PIN. While Coinbase uses its own digital wallet for storing your cryptocurrency, Binance does not. Both exchanges offer two-factor authentication, so you can prevent unauthorized access to your account. Cold storage is the most secure way to store cryptocurrency, so the fact that Coinbase does this is a huge plus.īoth Binance and Coinbase offer world-class security meaning your coins are in relatively safe hands. This makes it hard for thieves to steal crypto assets if the exchange is hacked. However, because Binance holds most of its digital assets in cold storage, the hackers only got away with what was in the hot wallet – about 2% of Binance’s Bitcoin holdings at the time.Īs long as you take precautions, and transfer your crypto off the exchange to an external cryptocurrency wallet, you should be safe.Ĭoinbase uses its own digital wallet for storing your cryptocurrency.Ĭoinbase keeps 98% of its cryptocurrency in cold storage. The hackers used phishing and viruses to gain access to the exchange. Back in 2019, hackers stole 7,000 Bitcoin along with customers’ 2FA codes and API tokens. Keep in mind, Binance has been hacked before. It offers two-factor authentication, so you can prevent unauthorized access to your account.
It's user-friendly and easy to navigate.īinance offers world-class security meaning your coins are in relatively safe hands. On its desktop platform, you can select “Convert” for a quick debit or credit purchase, or “Classic” or “Advanced” for more trading types.Ĭoinbase app offers a clean white background with simple text. Binance offers its users multiple ways to purchase crypto depending on the type of trade you want. Binance Canadaīinance’s app interface also closely resembles its desktop counterpart, though, at first glance, it does not seem as user-friendly and intuitive as Coinbase. On its desktop platform, you can select “Convert” for a quick debit or credit purchase, or “Classic” or “Advanced” for more trading types.
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On Google Play, it has 4.5 stars with 271,000 ratings.īinance’s app allows its users to switch between the Lite and Pro interfaces making it suitable for both beginners and experienced traders.īinance’s app interface also closely resembles its desktop counterpart, though, at first glance, it does not seem as user-friendly and intuitive as Coinbase.
On Google Play it has a 4.3-star rating with 453,000 ratings.īinance has a rating of 4.6 stars on the Apple App Store with 22,000 ratings. On the Apple App Store, Coinbase has a 4.7-star rating with 1.3 million ratings. Safely store your debit card information and you can buy and sell top cryptocurrencies such as Bitcoin and Ether in just a few clicks. Both desktop and mobile versions are easy to navigate.Ĭoinbases’s app is almost identical to its desktop platform making it easy to trade crypto wherever you are. Coinbase offers a clean white background with simple text. Binance and Coinbase have well-designed desktop platforms and mobile apps that make it easy to trade on the go.
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