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Binance, Coinbase, and Voyager are cryptocurrency brokerages with their own set of unique features.
Binance is the most robust platform (technically an exchange) and is aimed at more advanced traders.
Coinbase is more user-friendly and does well filling the needs of most investors.
Voyager is a new app that has commission-free trades, making it suitable for casual traders.
This article includes a short and detailed review of each broker. We will go over all of the main features, fees, supported cryptocurrencies, and more. We are reviewing from the experience of a US-based trader–so there may be some differences if you are not located in the US.
It’s important to use the platform that is right for you. Once you decide which one fits your needs, we encourage you to sign up using one of our referral links to gain rewards.
This review is of Binance.US, which is the US-based version of Binance. Binance is the world’s largest cryptocurrency exchange. Binance.US is a slimmed-down version of Binance.com, offering fewer cryptocurrencies and features. However, we believe the US version will be just as good if not better over time.
Binance.US is available in 43 US states but currently unavailable to residents in Connecticut, Idaho, New York, Vermont, Texas, Hawaii, and Louisiana.
The minimum trade amount is $10. Trading fees are 0.1% spot trading fee; 0.5% instant buy/sell fee.
Buy owning Binance coin (BNB); you automatically get a 25% discount on trading fees by using your BNB balance. This feature can be turned off if you don’t want to spend your BNB on trading fees.
Owning large amounts of BNB and placing a lot of trades can reduce your fees even more with their VIP discounts.
USD deposits using ACH transfers are free. Debit/credit card deposits have a fee ranging from 3% to 4.5%.
Binance.US offers over 50 cryptocurrencies to trade and is continually adding more.
Binance has strong security features, including two-factor authentication, whitelisting crypto addresses (restricting withdrawals), and advanced verification.
All USD balances are insured up to $250,000 by the Federal Deposit Insurance Corporation (FDIC).
Binance is partnered with Trust Wallet. Trust wallet is a non-custodial wallet that offers biometric security and has over five million users.
Binance occasionally offers rewards and giveaways like crypto airdrops and other prizes. The platform is fast, easy to use, and has robust trading options on both the website and mobile app.
Binance has advanced order types like limit orders, stop limit, trailing stop orders, and more. Their charting is top-tier due to their partnership with TradingView.
You get great staking choices for multiple cryptocurrencies allowing you to earn interest on your investments. I’ve noticed the APR is typically higher than Coinbase and other competitors.
Best Suited For
Binance is best suited for more advanced traders who want the most available selection of cryptocurrency. Having access to BNB and Trust Wallet offers users to swap for thousands of different crypto tokens, including SafeMoon.
Binance.US Referral Link
Sign up for Binance.US using our referral link and earn rewards. Referral ID: 55067507
Coinbase is the largest US-based cryptocurrency exchange and is a publicly listed US company. It is available in all states, excluding Hawaii. Coinbase is a popular choice amongst intermediate and novice crypto traders located in the US.
Binance has a better fee structure, while Coinbase is more confusing and expensive. Their security and insurance features are better than Binance, but they also offer fewer cryptos to trade.
Trade minimum amount is $2. Trades and purchase fees are 0.50% but may fluctuate depending on market conditions.
USD deposits using ACH transfers are free. Debit/credit card deposits have a fee of 3.99%. Purchases using a bank account or Coinbase wallet have a 1.49% fee.
Coinbase offers 32 different cryptocurrencies to trade from. They’re pickier about which cryptocurrencies they allow on the platform compared to other exchanges.
Coinbase holds less than 2% of customer funds online or in what is called a “hot wallet.” The company stores the majority of funds in offline storage or a “cold wallet.” This allows for superior protection from online breaches.
Coinbase has insurance to protect customers from any hacks to recover any lost funds. USD held in Coinbase is FDIC insured up to $250,000. The company has a built-in wallet for storing your crypto that offers similar features as other digital wallets.
Coinbase has a well-rounded online platform and mobile app. Charting is not advanced but is simple enough for casual investors. You have access to a newsfeed that gives updates on crypto news and trends. You can also set up price alerts on cryptocurrencies that you want to track.
The company gives out free crypto for watching educational videos about different cryptocurrency projects. The unique feature allows users to learn and earn over $100 in crypto.
Best Suited For
Coinbase is a good choice for more intermediate traders or investors who want to buy and hold crypto for the long term. If your most significant concern is security and customer service, Coinbase will give you the most peace of mind.
Coinbase Referral Link
Sign up for Coinbase using our referral link and get $10 in free bitcoin when you place a $100 trade.
Voyager Crypto App Review
Voyager is a cryptocurrency broker created by former team members of Lightspeed Trading and E*Trade. There is no online platform at this time, but the trading app works on both Android and iOS.
Voyager is available for everyone in the US except those residing in New York state. The company plans to eventually expand internationally as well.
The platform is not an exchange itself but uses its own technology to give customers access to cryptocurrencies across several different exchanges. Its mission is to provide you with the best available market price. The commission-free structure makes Voyager like a crypto version of Robinhood.
Voyager trades are commission-free. So, how do they make money? Well, if Voyager can find you a price below what is quoted, they take a percentage and give you the remainder. You will never pay more than your trade quote.
ACH deposits are free and handled through Plaid. There is a $10 trade min.
Voyager’s cryptocurrency selection is similar to Binance. They offer 57 different cryptos to trade from and are continually adding more.
The company is US-based and regulated. Cash held in your account is FDIC insured up to $250,000. The app includes two-factor authentication and biometric access.
Voyager has a smooth app that highlights your portfolio performance in a pleasing manner. On top of commission-free trading, Voyager pays interest on several different cryptocurrencies. Just buy holding crypto in your account, you can get paid interest as high as 9%.
Voyager has a simple verification process compared to others. The app allows for automatic buying and has a newsfeed for current events in the Crypto world.
The company is still very new and has ambitious goals, including equities and options trading, digital banking products, and more.
Best Suited For
Voyager is best for those wanting more selection than Coinbase but want a simple-to-use app. If you’re going to buy and hold crypto with the intention of earning interest, then Voyager is a good choice. If you’re looking to deal with large and frequent trading transactions, Binance will better fit you.
Voyager Referral Link
Sign up for Voyager with our referral link referral code: DUN446 and get $25 in free bitcoin after a $100 trade.
Binance vs. Coinbase vs. Voyager: Winner
What is the best US cryptocurrency brokerage to use?
My pick is Binance.US because of their charting, advanced orders, security, staking opportunities, crypto selection, and low trading fees. Coinbase would be my second choice, then Voyager.
Coinbase needs more trading tools, better crypto selection, and lower trading fees to win me over.
Voyager needs to work on the bugs it has with its app and get it running smoother. Its zero-fee structure and interest-earning programs could make it a better candidate in the future.