If you’re looking for alternative to , or just a different exchange to try out, fares well. In this article I will be discussing the similarities in these platforms to include: trading pairs (ex: ETH/USDT, BTC/USDT), features, fees, UX/UI, and upcoming features for both platforms. Binance Cobinhood COBX app front page TRADING PAIRS According to Coin Market Cap (COBX) has approx 121 trading pairs as of Aug 3rd 2018, while does boast a more robust number of 380 trading pairs. The coins/tokens (according to Coin Market Cap) trading pairs offered by exchanges are included in the list below: Cobinhood Binance top 20 both BTC/USDT BTC/ETH ETH/USDT ETH/BTC EOS/BTC EOS/ETH LTC/USDT LTC/BTC MIOTA/BTC MIOTA/ETH NEO/BTC NEO/ETH OMG/BTC OMG/ETH FEATURES Both platforms are planning to offer or offers (not USDT or other stable coin) You can begin depositing USD for , as to trading began on the 27th of July, while we expect to see this feature next quarter for Binance. Epay is the provider for Cobinhood’s fiat to crypto gateway. COBX will begin with 3 trading pairs initially, to include: USD to BTC, USD to ETH, and USD to USDT. To begin trading with fiat (USD) you will need to: USD trading pairs. Cobinhood currently fiat crypto Register for an account at (verify your account accordingly) Epay Verify your COBX account to KYC Level 3 Deposit fiat currency to your Epay account Withdraw to your COBX account fiat Trade and or at COBX USD/BTC, USD/ETH, USD/USDT Withdraw (USD) back to your Epay account fiat For a complete tutorial click here . Cobinhood is also currently beta testing their platform, in which users will be able to borrow with better interest rates by holding their native token, COB, similarly to how transaction/withdrawal fees can be paid in BNB on Binance (for more info on margin trading click ). Both platforms are distributing GAS to NEO holders as well, which is a feature I’d like to see in every exchange. Similarly, both exchanges are planning to launch a in the near future, which is critical to longevity as centralization is heavily frowned upon in this space. Lastly, both also have an for ICO projects. margin trading here DEX incubator Login Security Puzzle Challenge Security is , again, at both exchanges. Both have via email and Google Captcha, while Cobinhood has it via text as well. Both also send email confirmation upon login, precautionary emails for logins from new devices, verification emails for most actions (deposit, withdrawals), and include a “puzzle piece challenge” in place of the standard captcha for initial login. top notch 2FA As mentioned earlier, both platforms have their own native tokens; and . Holding either of these tokens offers their own benefits. Neither BNB or COB are fee share tokens, however Cobinhood allows for holders with a certain amount of COB tokens to receive airdrops of promotions ran with projects and allow for discounted ICO purchase prices for projects incubated with Cobinhood. Neither of these features are offered by holding BNB (although the sharp increase in value since it’s offering may be incentive enough to hold BNB). Binance users are able to vote for a Community Coin of the Month competition monthly by paying .1 BNB. By holding a larger amount you can multiply your vote up to 500 (maximum multiplier). This practice has recently come under scrutiny following Community Coin of the Month votes 6 and 8 fiascos. Cobinhood has been known to offer similar voting competitions, requiring a minimum amount of COB to be held to vote, but without the multiplier. BNB COB FEES Fees is where we will see the similarities come to a screeching halt. Cobinhood has on all trades and trading pairs, while Binance charges 0.1% on each trade (by using BNB you can save 25%). In contrast Binance has slightly lower withdrawal fees than COBX on average currently. For example: zero fee transactions BTC Withdrawal Fees Binance — .0005 BTC Cobinhood — .001 BTC ETH Withdrawal Fees Binance — .01 ETH Cobinhood — .007ETH EOS Withdrawal Fees Binance — .01EOS Cobinhood — .05EOS Having zero trading fees comes with its fault, which is mainly the perceived punishment by the most popular source for market caps and exchange information, Coin Market Cap. Since Cobinhood doesn’t have any trading fees, none of their volume is taken into account by Coin Market Cap, showing it as an erroneously low volume exchange. To view the correct volume for COBX you have to select the “ALL” tab under the “24 Hour Volume Ranking” for exchanges (besides “Market with Fees” and “Markets with No Fees”). USER INTERFACE & USER EXPERIENCE (UI/UX) UI/UX is of course subjective, so I’ve included screenshots of each platforms mobile app (desktop screenshots are not included and can be seen by visiting their respective websites). This entire article is opinion based so I’ll share my opinion on the two. My preference is for Cobinhood’s cleaner, brighter UI. In addition to trading on COBX, you can also complete user verification levels, join airdrops/trading competitions, and more. These are features not included in Binance, but any other exchange mobile app at this time. The differences of course are fewer on the desktop exchanges of both. Cobinhood has one of the most advanced mobile applications on the market to date. UPCOMING FEATURES While there are plenty of exchanges, including the slew of new exchanges that have recently popped up, it’s increasingly important to weed through them to find the better options. Binance, while also still very new, has recently acquired Trust Wallet, and are now promoting it as the official Binance wallet. Binance Labs, the incubator portion of Binance, is also forming new partnerships, most recently with Libra Credit and Cardinal Pitch Club. To visit Binance . click here Join Cobinhood Cobinhood has launched USD pairs (that is not only one of the most requested features, but necessary for ease for newcomers) and are planning to launch margin trading, while expanding their coin/token listings, incubating more ICOs, and offering more airdrops to COB holders. However, you will need to KYC verify to be able to use margin trading and trade in USD pairs (you won’t be able to deposit USD without it). Visit to explore more or to start trading with zero fees. Cobinhood Exchange Join Cobinhood’s and trading competition by visiting their medium page . bounties here
