![]() Canadian fundsĪdditionally, it can be quite complicated when you're ready to sell your digital tokens, especially if you have altcoins. You can also deposit cryptocurrency from an external platform or wallet. The only way to buy cryptocurrency is by purchasing it using a debit/credit card or another form of fiat currency. You cannot fund your account with Canadian Dollars or link to a Canadian bank account. There are many limits for Canadians wanting to purchase crypto on Binance. With almost 40% of the entire population of Canada living in Ontario, this is a huge downside. Another thing to note is that Binance is no longer available for users in Ontario due to regulatory issues. Neither platform supports Interac e-Transfer, nor can you link a Canadian bank account or fund your account with Canadian Dollars. Both Binance and Coinbase have limitations for Canadians, preventing us from trading as freely as some of the other best cryptocurrency platforms in Canada. Since we are talking specifically about the two platforms for Canadian users, it's essential to understand the accessibility of trading features based on your location. Binance provides so much information that it can be hard to digest if you don't know what you're looking at. Coinbase definitely takes the lead for simplicity on both the desktop and mobile app versions. That said, Canadians cannot purchase cryptocurrency on Coinbase Pro using Canadian Dollars, so it's unlikely you would use it unless you want to trade crypto to crypto.īoth Binance and Coinbase have desktop and mobile app versions, so you have flexibility in how you want to purchase your cryptocurrency. They also have Coinbase Pro, which is more similar to the standard Binance interface and has more advanced trading features. It has much better UX than Binance and is incredibly user-friendly, making it straightforward for traders of all experience levels. ![]() It takes some time to get used to the layout and how the platform works, but once you're familiar with it, there are many beneficial functionalities for advanced traders and access to real-time data.Ĭoinbase is better for beginners. It's not super user-friendly and can be overwhelming for beginner traders. Coinbase: overall platform qualityīefore getting into the nitty-gritty, let's look at the overall quality of both the Binance and Coinbase platforms for Canadians.īinance is a complex and advanced cryptocurrency trading platform. Coinbase – which one should Canadians pick?ġ. ![]()
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