Binance vs Compare Fees, Features, and Security

Binance is known for its high trading volume and low fees, while offers a user-friendly interface and a rewards program for using its native token, CRO.

As the cryptocurrency market continues to grow and evolve, choosing the right exchange platform is crucial for any trader or investor.

Two popular options are Binance and, but which one is the best choice for you?

In this post, we’ll compare both platforms on a range of factors, including their history and background, services and features, fees, security, and customer support.

By the end, you’ll have a better understanding of the strengths and weaknesses of each crypto Exchange and be able to decide which one is the best fit for your needs.

Quick Verdict: is better than Binance due to Low trading fees, more regulatory compliance, and offers Visa cards worldwide.

Key Takeaways:

  1. Binance is larger and more established than, with a wider range of supported cryptocurrencies and higher trading volumes.
  2. offers a broader range of services than Binance, including staking, interest-earning accounts, and a crypto-backed debit card.
  3. Binance has faced more regulatory scrutiny than, with some countries banning or restricting its services, while has generally been able to operate more freely.

Comparison between Binance and
Launched date20172016
FoundersChangpeng ZhaoKris Marszalek
FeaturesSpot, margin trading, staking, futures, options, lending, P2P trading, OTC deskSpot, margin trading, staking, futures, options, lending, P2P trading, OTC desk, payment gateway for merchants, prepaid debit card
Debit cardYesYes (visa Debit card)
Fees0.1% for spot trading, 25% discount for BNB Holders0.075% for spot trading, 0.04% for CRO Holders
Security2FA, SMS verification, withdrawal address whitelisting, encrypted user data2FA, SMS verification, encrypted user data, PCI DSS compliant
Supported assets383225
Liquidity946 (CMC data)605 (comparatively Low)
Avg. Trading Volume (24 H)$6.5 Billion$500 million
NFT MarketplaceYesYes
Fiat SupportedUSD, EUR, GBP, and 44+ othersUSD
Binance vs

Binance Overview


Binance is a cryptocurrency exchange founded in 2017. The company is headquartered in Malta but has offices and operations in multiple countries around the world.

It is one of the largest exchanges in the world in terms of the trading volume. Binance offers a wide range of cryptocurrencies for trading, including Bitcoin, Ethereum, and many others.

The Exchange also provides a range of trading tools and features, such as margin trading and futures trading. It has its own cryptocurrency called Binance Coin (BNB), which can be used to pay trading fees on the platform.

Read: Binance Review

Key Features of Binance

  • Binance secures accounts with 2-factor authentication, cold storage & security audits.
  • Trading options include spot, margin, and futures trading.
  • Available in multiple languages: English, Japanese, Chinese, Korean, and Russian.
  • Supports a wide range of digital assets like Bitcoin, Ethereum, Litecoin & more.
  • Low fees: 0.1% for spot trading & even lower for futures.
  • User-friendly mobile app for iOS and Android devices. Overview is a cryptocurrency platform that offers users a range of features, including the ability to buy, sell, and trade various cryptocurrencies. The platform supports over 300 cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, as well as many lesser-known altcoins.

One of the standout features of is its Visa debit card, which allows users to spend their cryptocurrency anywhere Visa is accepted. The card is available in several tiers, each offering different benefits, such as cashback rewards, airport lounge access, and higher withdrawal limits.

Users can also earn interest on their crypto holdings by staking their coins on the platform. Staking CRO,’s native cryptocurrency, unlocks additional benefits, such as higher interest rates, access to premium features, and discounts on trading fees.

Read: Review

Key Features of

  • Buy/sell various cryptocurrencies, including Bitcoin and Ethereum on
  • Earn interest on cryptocurrency deposits.
  • Pay with cryptocurrency using’s Visa debit card.
  • Take out loans using cryptocurrency as collateral.
  • Earn rewards through cryptocurrency staking on the platform.

Binance vs Similarities and Differences

History & Background

Binance is a cryptocurrency exchange platform founded in 2017 by Changpeng Zhao. It is headquartered in Malta and offers a wide range of services, including trading more than 300 different cryptocurrencies, margin trading, futures, and decentralized exchange (DEX).

Binance also has its own native cryptocurrency, Binance Coin (BNB), which can be used to pay fees on the platform and has seen significant growth in value since its launch. is a digital asset exchange and financial services platform founded in 2016 in Monaco. It rebranded to in 2018 and offers a range of services including trading, lending, and debit cards.

The card can be used to spend cryptocurrency on various online and offline marketplaces.

The platform supports over 225 different cryptocurrencies and has its own native cryptocurrency, CRO, which can be used to pay fees and access certain features on the platform.

It also has a rewards program that allows users to earn CRO by using the platform and referring others.


When it comes to security, both Binance and have taken steps to ensure the safety of their users’ funds. Here are some specific measures that each platform has implemented:


  • 2FA (Two-Factor Authentication) is available for all account types
  • Users can set up withdrawal address whitelisting
  • Email and SMS alerts can be enabled for login attempts and other account activities
  • Binance uses multiple layers of protection, including SSL (Secure Sockets Layer) and cold storage for the majority of its assets

  • 2FA and secure SSL encryption are available.
  • Anti Phishing phrases are also Available.
  • Users can enable email and SMS alerts and google authenticator or Yubikey for 2FA.
  • The platform uses a combination of cold storage and institutional-grade security measures to protect users’ assets

Note: Binance did experience a significant security breach in May 2019, in which hackers stole over 7,000 Bitcoin from the platform. Binance has since compensated affected users and implemented additional security measures.


The fees that each exchange charges can vary depending on the type of service being used, the volume of the trade, and other factors.

Here is a summary of some of the fees that Binance and charge:


  • Trading fees: Binance charges a 0.1% fee on trades. This fee is applied to both the maker and the taker of the trade.
  • Withdrawal fees: Binance charges a withdrawal fee when you move funds off the exchange. The amount of the fee depends on the cryptocurrency being withdrawn and network fees.
Level30d Trade Volume (BUSD)Maker / Taker
Regular User< 1,000,000 BUSD0.1000% / 0.1000%
VIP 1≥ 1,000,000 BUSD0.0900% / 0.1000%
VIP 2≥ 5,000,000 BUSD0.0800% / 0.1000%
VIP 3≥ 20,000,000 BUSD0.0700% / 0.1000%
VIP 4≥ 100,000,000 BUSD0.0200% / 0.0400%0.0700% / 0.0900%
VIP 5≥ 150,000,000 BUSD0.0200% / 0.0400%0.0600% / 0.0800%
Source: Binance Fees

  • Trading fees: charges a 0.075% trading fee for most trades. However, the fee can be reduced to as low as 0.04% if you use the exchange’s own CRO token to pay for the fees.
Level30 Day VolumeMakerTaker
1< 250,0000.0750%0.0750%
2≥ 250,0000.0700%0.0720%
3≥ 1,000,0000.0650%0.0690%
4≥ 5,000,0000.0600%0.0650%
Source: Fees

Supported Cryptocurrencies

Binance supports a wide range of cryptocurrencies, including Bitcoin, Ethereum, and many other altcoins. As of 2022, Binance had listed over 350 different digital assets on its platform. also supports a large number of cryptocurrencies, including Bitcoin, Cardano, Ripple, and many others. According to coinmarketcap Data, it supports over 225 digital assets.

NFT Marketplaces

Binance NFTs

Binance is a well-known company in the world of cryptocurrency, but did you know they also operate NFT marketplaces? That’s right – Binance offers a platform for buying and selling non-fungible tokens, or NFTs.

In addition to its main NFT marketplace, It also has a dedicated platform called the Binance NFT Marketplace.

This marketplace is based on the Binance Smart Chain. It allows for the trading of NFTs with lower fees and faster transaction speeds compared to the Ethereum network.

Not only can you buy and sell NFTs on these marketplaces, but Binance also provides a platform for artists and creators to mint their own NFTs. Digital creators can create and sell their own digital assets on the platform. NFTs offers an NFT marketplace where you can buy and sell non-fungible tokens using cryptocurrencies like Bitcoin and Ethereum.

NFTs are unique digital assets stored on a blockchain and can represent things like art, music, and collectibles.

On the marketplace, you’ll find a variety of NFTs, including ones from popular artists and creators.

Simply create an account and start exploring the marketplace to discover new and exciting NFTs.

Customer Support

Binance and both offer customer support through a variety of channels, including email, a support center with articles and FAQs, and a social media presence on platforms like Twitter.

Users can also get help from the Binance and communities through forums and chat groups.

In general, Binance’s customer support has received positive reviews, with users praising its responsiveness and helpfulness.

Supported Payment methods

Binance and both support a variety of payment methods, including-

  • Bank transfer (via third-party payment processors)
  • Credit and debit cards (via third-party payment processors)
  • Cryptocurrencies (including Bitcoin, Ethereum, Binance Coin, and many others)
  • Binance also supports Google Pay and Apple pay while don’t.

Binance and Trading Platforms

Binance trading Platform
Binance trading Platform

Binance and are two of the most popular cryptocurrency trading platforms in the world. Both platforms offer a wide range of features for traders, including spot trading, leverage trading, margin trading, and copy trading.

Spot Trading

Both Binance and offer spot trading for a wide range of cryptocurrencies. Binance has a larger selection of coins, with over 500 different cryptocurrencies available for trading. has a more limited selection, with around 90 different coins available.

Leverage Trading

Both Binance and offer leverage trading for a variety of cryptocurrencies. Binance offers leverage up to 125x for some cryptocurrencies, while offers up to 100x leverage.

Margin Trading

Both Binance and also offer margin trading, which allows traders to borrow funds to trade with. Binance offers up to 5x leverage for margin trades, while offers up to 3x leverage.

Binance vs Staking & Earn

Binance vs staking
Binance staking APY

Binance offers staking for a wide range of coins, including ADA, DOT, ETH, and SOL, among others. The APY rates for staking on Binance vary depending on the coin and the length of the staking period.

For example, as of March 2023, the APY for staking DOT on Binance ranges from 0.87% to 75%, depending on the staking period. The APY for staking ADA ranges from 1.2% to 77.43%, while the APY for staking SOL ranges from 8% to 10%. staking also offers staking for a variety of coins, including CRO, ETH, and BTC.’s staking APY rates tend to be less than those offered by Binance.

For example, as of March 2023, the APY for staking CRO on ranges from 18% to 20%, depending on the length of the staking period. The APY for staking ETH ranges from 1% to 2%, while the APY for staking BTC ranges from 1% to 1.5%.


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Pros and cons of Binance

Pros of Binance:

  • Large selection of cryptocurrencies available for trading
  • Low fees for trading and withdrawals
  • Advanced trading features such as margin trading, futures trading, and options trading
  • High liquidity for major cryptocurrencies
  • User-friendly interface and mobile app
  • Strong security measures, including two-factor authentication and cold storage for funds
  • Regularly adds new cryptocurrencies to its platform

Cons of Binance:

  • Limited fiat currency support for deposits and withdrawals
  • Not available in some countries, including the United States
  • Can be overwhelming for beginners due to the number of features and options available
  • Previous security breaches have raised concerns about the safety of user funds
  • Customer support can be slow to respond during times of high demand.

Pros and cons of


  • Wide range of cryptocurrencies
  • competitive fees
  • user-friendly interface and mobile app
  • staking and rewards program
  • high security.


  • Issues with customer support
  • limited availability in some countries
  • regulatory scrutiny in some jurisdictions.


In conclusion, Binance and are both popular and well-respected cryptocurrency exchange platforms that offer a range of services and features for traders and investors.

While both platforms have a lot to offer, they have some key differences that may make one a better fit for certain users.

Binance has a wider range of cryptocurrencies available for trading and offers margin trading and a decentralized exchange. It also has experienced a significant security breach in the past. has a range of unique features including a lending platform and debit cards and has a rewards program that allows users to earn CRO.

Related FAQs

Which is better: Binance or

Binance and both have their own unique features and target different user groups. If you are looking for a platform with a wide range of trading options and a large selection of cryptocurrencies, Binance may be the better choice. However, if you are looking for a platform that offers additional financial services like a debit card and a mobile wallet, may be a better fit.

Which is cheaper: Binance or is cheaper than Binance. charges users fees of 0.075% for trading volume lower than $250k in 30 days, Whereas Binance charges 0.1% fees.

Amit Chahar

Amit Chahar

Hey! I am Amit Chahar, a Crypto and blockchain content creator at Wallet Reviewer. With 3+ years of experience as a SEO content writer, I love talking about blockchain technology, digital assets, DeFi, Smart Contracts, DApps, Digital Wallets, Metaverse, and NFTs.

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