vs. Binance 2023

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Sinead Burgess
Sinead Burgess
Updated on July 14, 2023

After a thorough comparison after a thorough comparison, we can see that Binance has the upper hand over because of its user-friendly interface that offers the best user experience for novice investors.

Binance is also able to meet the needs of experienced traders by offering a competitive pricing structure and a wide array of sophisticated features including margin/futures trade, and Binance Visa Card, and more.

Start Trading with Binance vs. Binance Comparison Table

FeaturesCrypto.comBinance logobinance logo
Trading FeesIncluded in spread0.1%
Deposit FeeCredit/Debit card: 3.50% | PayID, BPAY: FreeFree
Withdraw FeeFreeFree
Payment MethodsPayID, Credit/Debit card, BPAYPayID/OSKO


Visit Pros and Cons homepage


  • Has derivatives and margin trading
  • Insurance cover on cryptocurrencies
  • Fast lending and borrowing of crypto
  • Visa debit card comes with 5% cashback
  • Over 250+ crypto with staking available on 40+ coins


  • Visa card may require currency conversion fees

Binance Pros and Cons

Binance homepage


  • Favorable fee system with possibilities for discount
  • A large spot market with over 700 different cryptocurrencies
  • Sleek deposit and withdrawals
  • Advanced markets for pro-traders
  • Staking options for over 70 coins
  • Separate platforms for separate markets


  • Has some regulatory issues with several countries
  • Newbies might get overwhelmed by the vast offer of trading instrument


Binance and provide a variety of crypto features and benefits.

There is a Binance exchange is one of the largest worldwide. Alongside an extensive selection of coins that number more than 600 crypto coins can be exchanged for as much as 10x leverage. Limit markets, stop, and limit orders are accepted.

Binance has recently launched an NFT marketplace to facilitate the sale, creation, and buying of NFTs as well as the chance to you can win them with the Mystery Box Playground. also offers an NFT marketplace, where users can are able to trade limited edition digital artwork and collectibles that are hosted by the Blockchain. also has margin/futures trade and Visa Card.

Winner: Binance

Supported Cryptocurrencies

Binance offers more than 600 stablecoins and cryptocurrencies to trading, which is among the most extensive numbers that are accessible in one location. The complete list of all the major cryptocurrencies, including Bitcoin and Ethereum is available here.

binance supported cryptocurrencies offers more than 250 cryptocurrencies and counting, which includes popular coins such as Bitcoin, Litecoin, Ethereum, Ripple (XRP), and many more.

Winner: Binance


Binance is one of the lowest fees for trading of all exchanges that are commission-free in the crypto market and typically, they offer less extensive choice. Binance and Binance.US charges are comparable however they are not exactly the same, with international customers receiving slightly higher rates. has a adjustable Maker-Taker fee structure which is based upon the amount of trades that are made in a 30 day period. It also appears that they charge spreads on trades, reportedly between 0.25 percent to 0.5 percent.

Winner: Binance

Customer Support

When visiting the Binance website users first connect via a chatbot in order to get their questions addressed. The chatbot will display the most crucial Frequently Asked Questions and elaborates on a particular topic after receiving your questions. Users can reach the customer support team in case the issue does not resolve. However, a number of customers were disappointed with the customer support’s slow response time. Because of the volatile character of cryptocurrency markets this delay in response could result in significant financial loss for investors. provides customer service via an email, a help page as well as live chat. While’s customer support is not exceptional, some customers have complained of slow responses. A lot of people consider as a self-service site since customer support isn’t always beneficial. It’s ideal to those who are comfortable with financial services online and does not require any guidance.

Winner: Tie

Deposit Methods

You can add funds to your balance on account account by making deposits in any cryptocurrency you have as well as by making deposits into Singapore Dollar (SGD) via third-party payment processors like Xfers and IBAN or by depositing USD in USDC via your multi-currency accounts in your wallet. To Australian clients, the currency AUD can’t be transferred via PayID or debit/credit cards, as well as the BPAY option for trading.

For Binance it’s the only company that offers OSKO as well as PayID as options for depositing using the fiat currency for Aussie customers. You can also deposit crypto to your Binance account.


Security’s safety features are multi-factor authentication as well as insurance and cold storage for users’ money. Additionally, possesses advanced security and privacy options like CCSS Level 3, ISO/IEC 27001:2013, PCIDSS v3.2.1 Compliance Level 1 Level 4 NIST cybersecurity and privacy frameworks. Additionally, it conducts reviews of the essential Blockchain technologies using renowned security auditing and consulting firms like Kudelski Security.

cryptocom security

Numerous financial institutions are looking into Binance and its platform, which is not regulated in a variety of countries including that of the United States and the United Kingdom. In addition, hackers stole 77,000 bitcoins from the exchange as part of an incident of security breaches in the year the year 2019. Binance has since taken steps to reimburse customers for the losses they suffered in the aftermath of the attack, through the Secure Asset Fund and enhancing its security measures with more rigorous KYC and AML processes.


Conclusion as well as Binance are excellent however, if we had to choose one, it’s Binance. If you are a beginner looking for an encrypting and secure storage space to store their cryptocurrency and then use the coins for “real life,” Binance is the best choice. The mobile application and user interface of Binance makes the experience easy for those who are new to the market. It also has an attractive pricing structure and numerous advanced options, such as leveraged margin/futures trading, staking and the Binance Visa Card, etc.

Frequently Asked Questions

What are the staking rates on

The staking rates are very user-oriented on For Bitcoin and Ethereum the annual rates can reach up to 8.5%, while for USDC, the rates go up to 14%.

Does have cashback features?

Yes, the Visa cards have multiple tiers of cashback but require users to stake different amounts of crypto to unlock better cashback rates and other bonuses. The initial Midnight Blue card doesn’t require users to stake any crypto but only provides 1% cashback.

Does provide a digital wallet?

Yes, they do. The DeFi wallet is developed to offer users a secure environment for storing their private keys. The wallet is free to download and provides industry-standard security features, including two-factor authentication (2FA). It allows users to send and receive cryptocurrencies with custom network fees, in order to adjust the transaction speed.

Does provide a mobile app?

Indeed they do! The mobile app is one of the best mobile apps available on the market. The app is feature-packed with all of the features from the main desktop platform and provides users with a user-friendly interface for remote trading.

Does Binance provide a wallet?

This one is also a yes. In 2019, Binance acquired Trust Wallet after their security breach. The wallet can be used to store a wide range of cryptocurrencies as well as NFTs.

Where is Binance accepted?

Binance is accepted in almost any country in the world but fiat payments from cards are prohibited in countries like Iraq, North Korea, Iran, Afghanistan, and Syria. Some US states also lack credit and debit card deposit features – they are New York, New Mexico, Georgia, Connecticut, and Washington.

How does Binance make money?

In 2021, Binance reached a record revenue that was $20 billion from fees to trade as well as trades. In addition, Binance charges margin borrow interest, charges for futures trading, as well as Cross collateral rates.

Is it safe to link a bank account to Binance?

There is no way to guarantee that anything that happens on the internet is risk-free, however according to the security measures that Binance has implemented, Binance is an trusted crypto business.


Best Crypto Exchanges Compared

ExchangeDeposit MethodsFiat CurrenciesCryptocurrenciesTrading FeesDeposit FeesWithdrawal Fees


PayID, Osko, Debit Card, Credit Card, Cryptocurrency, Bank TransferAUD / NZD320 +0.6%AUD Deposits: $0 Crypto: NoneAUD Withdrawals: $0 Crypto: NoneVisit

Coinspot exchange logo

PayID, POLi, Cryptocurrency, Cash, BPAY, Bank TransferAUD370+OTC: 0.1% Instant buy/sell: 1% Market order: 0.1%* (applies to BTC, LTC, XRP, ETH, DOGE, POWR, NEO, TRX, GAS, XLM, EOS, RFOX, RChainDirect Bank Transfer: 0% Direct Deposit: 0% Cash: 2.5% BPAY: 0.9% PayID, POLi, and direct deposits: None AUD withdrawals: $0Visit

binance logo

PayID, Osko, Debit Card, Credit Card, CryptocurrencyUSD, AUD, CNY, EUR, CAD, GBP, UAH, NGN, TRY, RUB600+0% – 0.1%NoneVaryVisit

bybit logo

Crypto, electronic funds transfer (EFT), wire transfer, bank transfer, debit card/credit card50+160+0.1% to 0.6%Bank transfer: $0VaryVisit logo

Bank Transfer (ACH), Crypto, SWIFT, Fedwire, Wise, PayPal, Debit Card, Credit Card, SEPA, BPay19 including USD, AUD, and SGD250+0.04% to 0.4%$0FREE via bank transfer. $25 for USDC withdrawal via SWIFT NetworkVisit

coinjar new logo

Google Pay, Apple Pay, Debit Card, Credit Card, Cryptocurrency, Bank Transfer, CashAUD, GBP50+Taker: 0.04-0.1% Maker: 0.04-0.1%CoinJar users: No fee NPP: No fee Cash: 1.5%0 Withdrawal FeesVisit

Digital Surge
Digital Surge logo

PayID, Osko, POLi, Cryptocurrency, Bank TransferAUD300+0.1% – 0.5%POLi: $2 (capped at $3.30) Deposit Fees Bank Transfer: NoneNone for AU Bank Accounts Cryptocurrency: Network feesVisit

Independent Reserve
Independent Reserve exchange logo

SWIFT, EFT, PayID, Osko, CryptocurrencyUSD, AUD, NZD270.05% – 0.5%For SWIFT: $15 for deposits under AU$5,000 equivalent None for deposits over AU$5,000 equivalent For EFT: AU$0.99 for deposits under $100 None for deposits over AU$100Cryptocurrency: Fees vary Bank Transfer: None for AUD, $20 for non-AUDVisit

eToro exchange logo

Skrill, Online Banking, PayPal, Neteller, Debit Card, Bank TransferUSD, AUD, EUR, NZD, GBP, HKD, CAD, CHF, NOK, SGD, and 5+ more70+Vary (overnight and weekend fees apply)Vary (conversion fees for non-USD deposits) ($50 minimum deposit)$5 (minimum withdrawal of $50)Visit

Kraken exchange logo

SWIFT, Google Pay, Apple Pay, SEPA, Osko, Wire Transfer, Cryptocurrency, Bank TransferAUD, USD, GBP, EUR, CAD, JPY, CHF140+Taker: 0.10% – 0.26% Maker: 0.00% – 0.16%VaryVaryVisit

KuCoin logo

SEPA, Debit Card, Credit Card, Wire Transfer, PayPal, CryptocurrencyAUD, EUR, USD, RUB, GBP, KRW, CNY, VND, TRY645+0.1%NoneVaryVisit

Easy Crypto
easy crypto logo

Bank transfer, POLi, OSKO, P2PAUD100+Taker fees: 0.5% – 1.6% Maker fees: 0.5% – 1.6%Card deposit fees: 0%$0Visit

coinstash logo

Crypto, Bank Transfer, PayIDAUD410+Taker fees: 0.85% Maker fees: 0.85%$0$0Visit