Coinbase
est. 2012
The most beginner-friendly regulated exchange, and the on-ramp of choice for institutional and retail money alike.
Exchanges
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ExchangesSumo Pick
Fact-checked 2026-08-14
Binance
Established 2017
The world's largest exchange by trading volume, with the deepest liquidity and the widest altcoin selection.
Binance processes more volume than any other exchange and supports hundreds of assets with sub-0.1% spot fees that fall further when paying with BNB. Its ecosystem spans staking, Earn products, a P2P marketplace, and the BNB Chain — plus region-specific variants like Binance.US.
Quick facts
Founded
2017
Category
Exchanges
Platforms
Web, iOS, Android, Desktop
Key facts
Centralised, KYC required, Largest by volume
Pros
- Deepest liquidity and tightest spreads in the market
- Low fees with BNB discounts and VIP tiers
- Enormous product suite: Earn, staking, P2P, cards
Cons
- Regulatory availability varies sharply by country
- Product complexity overwhelms newcomers
- Past run-ins with regulators make some users cautious
Best for
Active traders who want liquidity, low fees and altcoin depth
Fees
Spot from 0.1%; lower with BNB or high volume. Withdrawal fees vary by network.
Security notes
SAFU insurance fund, proof-of-reserves, 2FA options. Global exchange best practices apply: keep only what you're trading.
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Frequently asked questions
What is Binance?
Binance is The world's largest exchange by trading volume, with the deepest liquidity and the widest altcoin selection. Binance processes more volume than any other exchange and supports hundreds of assets with sub-0.1% spot fees that fall further when paying with BNB. Its ecosystem spans staking, Earn products, a P2P marketplace, and the BNB Chain — plus region-specific variants like Binance.US.
Is Binance safe to use?
SAFU insurance fund, proof-of-reserves, 2FA options. Global exchange best practices apply: keep only what you're trading. As always, verify details on the official site before trusting funds to any service.
How much does Binance cost?
Spot from 0.1%; lower with BNB or high volume. Withdrawal fees vary by network. Figures change — confirm current pricing on the official site before deciding.
