There are more than 18000 crypto exchange platforms, including major players like Coinbase, Robinhood, and Binance, all of which promise the best service. They can’t all be telling the truth, right?
Today, we will compare the top dogs, Coinbase, Binance, and Robinhood.
Here’s which exchange is the best bang for your buck.
Coinbase: Number #1 CEX For a Reason?
Founded in 2012, Coinbase is the top crypto exchange in America and much of the Western world.
Coinbase does all the small things right and makes buying crypto easy.
It’s official: case dismissed.
Time for fair legislation for the entire industry. pic.twitter.com/fRsZVX4sBk
— Coinbase (@coinbase) February 27, 2025
Advantages and disadvantages of Coinbase
Here are some advantages of using Coinbase
- Coinbase offers access to more than 150 cryptocurrencies.
- There are negligible chances of hacking, and in case something terrible happens, the cryptocurrencies are insured.
- It has a high liquidity rate
Some disadvantages include
- They have high fees as compared to other top-rated exchanges
- Horrendous customer service that will leave you tearing your hair out
- They do not let their users control their wallet keys.
Robinhood: The Easy and Perfect UI CEX
Robinhood became a cryptocurrency juggernaut when it became one of the first exchanges to offer Dogecoin. Maybe you’ve heard of it? It’s kind of a big deal.
When no other exchange gave DOGE a chance, Robinhood led the charge for the doggy army.
Robinhood’s zero-fee policy made it an ideal place for novice cryptocurrency investors to make their first crypto trades.
Ultimately, Robinhood is only a good crypto exchange for beginners because you don’t own any of the coins in your account; you’re investing in the value of the tokens and nothing more.
Robinhood is not the ideal way to buy crypto, in fact I highly recommend against it.
Advantages and disadvantages of Robinhood
The advantages of using Robinhood are
- They charge zero fees and let their users trade for free.
- They have a high-performance mobile app for their users.
- They offer free stocks to every new user.
Some disadvantages include
- · They have limited support of cryptocurrencies (Bitcoin, Ethereum, Eth Classic, Dogecoin, Bitcoin SV, Bitcoin Cash, Litecoin)
- · You don’t “own” your crypto – there is no wallet functionality – you’re investing in the value
Binance: For Crypto Diehards
Binance is an online cryptocurrency trading platform with a much different strategy compared to Coinbase or Robinhood. Unlike the other two, Binance is for the crypto diehard.
Binance offers high-quality crypto education (just like us), gives its international users access to over a hundred cryptocurrencies, and offers a complex series of services such as staking and DeFi.
Advantages and disadvantages of Binance
The advantages of using Binance are
- It is one of the most trusted exchanges when it comes to crypto.
- It has advanced features such as staking and DeFi
- Complex crypto education guides and videos
- Comparatively low trading fees.
Here are some disadvantages of using Binance
- · It may not be the best option for beginners
- · They do not provide good customer support.
Which is Best For You?
If you’re starting out with crypto, Robinhood is a great exchange for newbies.
Meanwhile, Coinbase is recommended for both expert traders and newcomers. It offers an easy-to-use interface that anyone can learn to use quickly. Binance, of course, is for the pro, but don’t let that stop you from exploring it, even if you’re new to crypto.
In closing, play with all three exchanges and find out which is best for you!
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The post Coinbase vs Robinhood vs Binance: Which is Better? appeared first on 99Bitcoins.
