Coinbase vs Binance - Crypto Wallet Comparison Overview

After performing an in-depth analysis of Coinbase vs Binance crypto wallets & their features, we have grouped the represented data into 9 different sections to help you process the information easier & quicker. If you want to get a brief understanding of Coinbase vs Binance comparison results, take a glance at the short table below.

By comparing Coinbase vs Binance overall scores, we clearly see that Coinbase has the higher overall score of 9.1. Binance, on the other hand, has scored 8.8 final points.

To help you quickly decide which crypto wallet is the best, we have also compared Coinbase vs Binance with the top-rated & most popular crypto wallet brand - Ledger Nano X. According to our analysis, Ledger Nano X has the highest overall score out of all crypto wallet brands & is considered to be one of the most trusted wallets out there with the overall score of 9.8. For a more detailed Coinbase vs Binance analysis, take a look at the in-depth comparison chart below.

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Ledger Nano X
LEDGER NANO X
Coinbase
COINBASE
Binance
BINANCE

Overall Score

9.8
9.1
8.8

Wallet Type

Hardware Software Exchange Wallet

Best For

Best for Safely Storing, Sending, and Receiving Different Cryptocurrencies Best for Safely Storing Cryptos Best for Storing Cryptocurrencies

Verdict

One of the best hardware cryptocurrency wallets ever made. One of the leading cryptocurrency wallets in the current industry. One of the best exchange-wallets on the market.
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Coinbase vs Binance Crypto Wallet Comparison Data

Compare Coinbase vs Binance side by side by checking this comprehensive cryptocurrency wallet comparison data chart. Measure the most important wallet metrics against each other & see who wins as the better crypto wallet!

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Ledger Nano X
LEDGER NANO X
Coinbase
COINBASE
Binance
BINANCE

Pros

  • Can be managed from mobile device
  • Very secure
  • Supports more than 1500 cryptocurrencies
  • Comfortable design
  • Easy to use
  • Free to register and keep crypto coins in
  • Decent fees
  • Supports most of the main cryptocurrencies
  • Top-notch security
  • Multiple cryptocurrency support
  • Very secure
  • SegWit and Bech32 address support
  • Built-in exchange functionality
  • One of the most trustworthy names in the crypto world

Cons

  • Relatively expensive
  • Small number of supported cryptocurrencies
  • A "hosted" wallet - constant connection to the internet is maintained
  • Mediocre customer support
  • Not ideal for beginners

Value For Money

Ease of Use

Latest Coupons

All Ledger Nano X Coupons See All Coupons of Best Wallets See All Coupons of Best Wallets
Security

Security Level

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Very Poor
Average
Excellent
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Very Poor
Average
Excellent
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Very Poor
Average
Excellent

2FA Two-factor Authentification

Multi-signature

Pin Code

Anonimity Level

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Very Poor
Average
Excellent
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Very Poor
Average
Excellent
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Very Poor
Average
Excellent

Backup Type

24-word Recovery Phrase Seed Phrase Seed Phrase

Private Key Owner

You You Wallet

Full Wallet Control

|
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No
Partial
Yes
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No
Partial
Yes
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No
Partial
Yes
Supported Crypto

Number of Supported Crypto

1100+
See Full List
8
See Full List
200+
See Full List

Number of Supported Tokens

1500+
See Full List
1500+
See Full List
1500+
See Full List

ERC20 Support

Compatibility With Wallets/Exchanges

MyCelium, Exodus + 48 more MyEther, MetaMask + 8 more Trust Wallet

Legacy Addresses

SegWit

Bech32

Software Features

Wallet Software

Android App
iOS App
Windows Software
MacOS Software
Linux
Android App
iOS App
Windows Software
MacOS Software
Android App
iOS App

Software Functions

Receive
Send
Store
Send
Receive
Store
Deposit
Trade
Withdraw

Transaction Fee Control

Extra Features

Password Manager
N/A
Exchange features

Transparency

Open-Source Open-Source Close-Source

Customer Support

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Very Poor
Average
Excellent
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Very Poor
Average
Excellent
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Very Poor
Average
Excellent
Connectivity

Wallet Connectivity

Bluetooth
USB
Wifi
Wifi
-

Wallet Control

Mobile
Dekstop
Mobile
Dekstop
Mobile
Pricing

Money Back Guarantee

14 days N/A N/A

Base Price

119 EUR 0 USD 0 USD

Service Fees

N/A N/A N/A
Payment Methods

Wire Transfer

Credit/Debit Card

PayPal

Cryptocurrency

Company’s info

Full Company Name

Ledger Coinbase Binance

Based in

Paris, France California, USA Malta

Year of Origin

2014 2018 2017

Check Official Website

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Coinbase vs Binance Technical Comparison Results

The Value for Money score is one of the most important factors you should consider, as it can tell you whether the crypto wallet comes with the best quality and price ratio, or if the brand lacks in one of these aspects. While comparing Coinbase vs Binance, we can see that Coinbase has a higher Value for Money score compared to Binance.

Another highly important aspect is the Security Level - it can tell you how safe your crypto assets will be if stored in a certain wallet. After doing Coinbase vs Binance comparison, it’s evident that Binance has somewhat better security features than Coinbase. The Number of Supported Crypto section can tell you just how many & which cryptocurrencies you can conveniently hold in a single cryptocurrency wallet at the same time. After comparing Coinbase vs Binance, it’s clear that Coinbase has the higher number of supported crypto with 8 cryptocurrencies available, while Binance supports 200+ different cryptocurrencies.

It’s also really important to evaluate a wallet's customer support, as you might have some important questions or even issues that will need to be resolved right away. According to our Coinbase vs Binance comparison research & gathered data, the better customer support is presented by Coinbase, which offers fast & sincere help when their customers need it.

Keep in mind that here, we are only comparing Coinbase vs Binance, but that doesn’t mean that these brands are the best in the game. Even though Ledger Nano X wins this comparison, if put against all the cryptocurrency wallet brands, Coinbase is the clear winner. That’s why, in the comparison charts, you can see how Coinbase compares against your chosen brands. It’s evident that Coinbase offers features that are above the industry standards, and is the top-rated & most popular crypto wallet on the market today.


VS
Ledger Nano X
LEDGER NANO X
Trezor Model T
TREZOR MODEL T
9.8
9.6
VS
Ledger Nano X
LEDGER NANO X
Ledger
LEDGER
9.8
9.5
VS
Ledger Nano X
LEDGER NANO X
Trezor
TREZOR
9.8
9.4


The Process Behind Coinbase vs Binance Comparison

We Gather Coinbase vs Binance

1. We Gather

To make this Coinbase vs Binance comparison as accurate and fact-based as possible, we collect all the data from verified sources only. We gather opinions & real-life experiences from real users, as well as measure and test out various aspects ourselves.

We Measure Coinbase vs Binance

2. We Measure

To make sense of the gathered Coinbase vs Binance comparison data, our experts analyze & aggregate it using data structuring methods. Whether it’s security aspects or software features, the information is filtered out to remove any untruthful or biased claims.

We Score Coinbase vs Binance

3. We Score

To make the gathered & measured data more understandable and useful, each aspect is evaluated with a clear score, scale, or a short verdict. In this Coinbase vs Binance comparison, our goal is to help you choose the best just by glancing at the charts.

YYou Pick Coinbase vs Binance

4. YYou Pick

Our goal is to provide you with the clearest, factual & useful data out there. After we compare Coinbase vs Binance head-to-head, it’s up to you to decide which cryptocurrency wallet is the best for your needs. Take your time & choose wisely!

FAQ

Which aspects are the most significant while comparing Coinbase vs Binance cryptocurrency wallets?

The first aspect you should give your attention to is the wallet type, as it reveals a lot about the product and its security. Usually, hardware wallets are the most popular for their high level of safety. Another important aspect is the number of supported coins, as some wallets may not be able to hold the cryptocurrency you possess. You should also consider the helpfulness of a brand’s customer support & read some general feedback of other customers on how their issues were resolved. And, of course, price & payment methods are important as well, but in the world of crypto wallets, “free” often means a lower security level, so do not shy away from spending a little bit more for the safety of your crypto!

How should I know which crypto wallet is the best for me?

First, you need to consider your experience & knowledge level - decide whether you are a beginner, or an advanced user. Are you looking for a free wallet only, or are you willing to spend a little bit more for the sake of security and extra features? You should also consider how many & which coins you want to hold in one wallet. Our crypto wallet comparisons can help you answer all these questions.

What is the best cryptocurrency wallet type?

While wallets are highly preference-dependent, the most secure options are still going to remain paper and hardware wallets. The two types of cryptocurrency storage are going to allow you to retain the utmost security of your crypto coins - much better than, say, keeping them in an online exchange.

What types of cryptocurrency wallets are there?

In total, there are four big types of cryptocurrency wallets - online, hardware, software (app), and paper ones. Each of these types of wallets have their own features, benefits, and shortcomings, and are thus going to be suitable for different types of people, too. Security-wise, paper wallets are seen as the best alternative, while convenience-wise, software and online ones should be your go-to options.

Are hardware wallets worth investing in?

It depends, but in most cases - yes. If you’re just starting out with cryptocurrency trading and investing, a hardware wallet might be a bit of an overkill - it is generally considered that hardware wallets should be purchased once you have a significant amount of crypto, and want to keep it safe. If you’re an active trader, that can also dissuade the matter even further - trading-wise, software and online wallets are much more convenient.

What are “hot” and “cold” wallets?

Hot wallets are those crypto storage pieces of software that maintain a constant connection to the internet. As opposed to that, cold wallets are hardware devices that store your cryptos offline. Safety-wise, cold wallets are considered the best option - since they are always offline, you don’t need to worry about some sort of a hacker stealing all of your cryptocurrency assets.