vs. Binance 2023

Martin Parks – Last Updated on November 22, 2022 as well as Binance are well-known crypto exchanges. We have gathered the most relevant information and then compiled into an in-depth comparison so that you are able to make the most informed choice for yourself.

After a thorough analysis after a thorough comparison, we can see that Binance has the upper hand over due to its ease of use and user-friendly interface that offers the most enjoyable experience for novice investors. Binance also meets the needs of experienced traders by offering a competitive pricing structure and a wide array of sophisticated features like margin/futures trading as well as Binance Visa Card, and many more.

Comparison Table

Amount of Cryptocurrencies250+600+
Trading FeesIncluded in spread0.1%
Deposit FeesCredit/Debit card: 3.50% | PayID, BPAY: FreeFree
Withdrawal FeesFreeFree
Payment MethodsCredit/Debit card, PayID, BPAYPayID/OSKO Pros and Cons homepage


  • Derivatives and margin trading are available on desktop exchange
  • Insurance cover on crypto assets
  • Lend and borrow crypto assets fast and easily
  • Visa debit card comes with 5% cashback


  • Visa card may need currency conversion fees

Binance Pros and Cons

binance homepage


  • More than 600 available cryptos.
  • The largest cryptocurrency exchange in the world.
  • More than 30 fiat currencies.
  • Some of the lowest fees among crypto exchanges.
  • Numerous payment methods.
  • Beginner-friendly, advanced, and pro-level trading features.


  • US users need to use the Binance US platform, which has far fewer trading features and cryptos compared to the main Binance platform.
  • The customer service is often unresponsive, and there’s no live chat feature.


Binance and provide a range of crypto-related features and perks.

There is a Binance exchange is one of the largest worldwide. Apart from an array of coins, which number over 600, certain coin pairs are able to be traded at up to 10x leverage. Limit stops, market and stop orders are also supported.

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

Winner: Binance

Supported Cryptocurrencies

One of the most significant distinctions among Binance in comparison to Binance.US is the type of coins they provide.

Binance offers more than 600 stablecoins and cryptocurrencies for trading, which is among the most extensive numbers that are that are available on one platform. The complete list of the major cryptocurrency like Bitcoin and Ethereum is available here.

binance supported cryptocurrencies provides over 250 cryptocurrency and counting, including well-known currencies like Bitcoin, Litecoin, Ethereum, Ripple (XRP), and many more.

Winner: Binance


Binance is one of the lowest fees for trading of all exchanges with no commissions within the crypto industry that typically offer a less extensive range of. Binance and Binance.US charges are comparable however they are not exactly the same, users from outside the US receiving slightly higher rates. utilizes a tied Maker-Taker fee structure which is based upon the amount of trades that are made in a 30 day period. Additionally, they are reported to charge spreads on trades, reportedly between 0.25 percent to 0.5 percent.

Winner: Binance

Customer Support

When visiting the Binance website users are initially connected via a chatbot in order to get their questions addressed. The chatbot shows the most crucial Frequently Asked Questions and elaborates on a subject after receiving your questions. The user is able to contact the customer support team in case the issue does not resolve. But, many customers were disappointed with the customer support’s slow response time. Because of the unpredictable characteristics of the market for cryptocurrency this delay could result in significant financial loss for investors. provides customer support through an online help site, email as well as live chat. While’s customer support is not exceptional, some customers have complained of slow responses. A lot of people consider an online self-service portal because customer service can be a bit slow. It’s ideal for those who are familiar 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 and by depositing funds in Singapore Dollar (SGD) via third-party payment processors like Xfers as well as IBAN or by transferring USD in USDC through your multi-currency account in your wallet. To Australian users, customers can only deposit AUD, can’t be transferred via PayID or debit/credit cards, as well as the BPAY payment method to trade.

For Binance it’s the only provider that has OSKO together with PayID as options for depositing using the fiat currency for Aussie customers. But you can also transfer crypto into Binance’s Binance account.


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

cryptocom security

Many financial institutions are looking into Binance and its platform, which isn’t regulated in many countries which include that of the United States and the United Kingdom. Additionally, hackers stole 77,000 bitcoins from the exchange during an incident of security breaches in the year the year 2019. Binance has taken steps to reimburse customers for any losses that resulted in the aftermath of the attack, through the Secure Asset Fund and enhancing the security of its system by implementing more rigorous KYC and AML processes.


Conclusion along with Binance are both excellent however, if we had to choose one, it’s Binance. For investors who are new to investing and want an encrypting and secure storage space to store their cryptocurrency and then use their funds for “real life,” Binance is the ideal option. The mobile application and user interface of Binance makes the experience easy for novices. It also has an affordable pricing structure as well as an array of sophisticated options, such as leveraged margin/futures trading and staking, and the Binance Visa Card, etc.

Frequently Asked Questions

Does have a mobile app? has developed its own mobile application, which enables its customers to purchase and trade cryptocurrencies in no time, from the convenience of their smartphones. The Exchange app is compatible with both Android and iOS platforms and may be obtained from both the Google Play Store or the Apple Store for free.

The app currently has a limited selection of trading tools in comparison to the web platform. These include: spot trading, deposits and withdrawals, stake and earn, CRO fixed staking, soft staking, lending, the syndicate, supercharger, as well as the referral programme.

What countries are supported by

Based in Hong Kong, the trading platform offers its services to the residents of the United States, Singapore, the United Kingdom, and more than 30 European countries.

Does offer a wallet?

Yes. This platform provides a non-custodial wallet that can be downloaded as an individual app. It’s important to note that by utilizing this DeFi wallet for holding your crypto assets, you’ll be solely responsible for its private keys.

What is Crypto earn?

Crypto Earn is a product that allows users to earn returns on their cryptos. Specifically, by depositing cryptocurrencies, clients may earn up to 8% (this goes up to 14% for deposited stable coins) of interest which is reimbursed on a weekly basis.

Can I make money on Binance?

Binance is a great crypto platform for making money because it offers users numerous possibilities, from spot trading, margin trading, leveraged futures contracts, and P2P trading, all the way to numerous staking options, liquidity mining, crypto savings accounts, and a booming NFT marketplace.

Can you lose money on Binance?

Sure you can. Crypto trading is a very risky activity because cryptocurrencies are highly volatile assets with dramatic price fluctuations within small periods of time. That’s why trading cryptocurrencies is a high-risk endeavour, and you should never invest more than you’re prepared to lose.

How do I get my money out of Binance?

You can easily cash out your crypto into fiat currency by connecting and verifying a bank account on Binance. Once you connect a bank account, you’re ready to facilitate fiat currency transactions from the platform to your bank account.

Is it safe to link a bank account to Binance?

Linking your bank account to Binance is perfectly safe because the exchange platform keeps all user data protected by advanced encryption methods and doesn’t share any of that information with third parties.

How does Binance make money?

Binance makes money mainly from platform trading fees. Although the Binance fees are among the lowest in the industry, the platform manages to achieve high profits thanks to the fact that it’s the most popular exchange in the world, with the highest number of active users.


Best Crypto Exchanges Compared

ExchangeDeposit MethodsFiat CurrenciesCryptocurrenciesTrading FeesDeposit FeesWithdrawal Fees

Swyftx Logo

Osko, PayID, Credit Card, Debit Card, Bank Transfer, CryptocurrencyAustralian Dollars, New Zealand DollarsMore than 3200.6%Fiat Deposits: $0 Crypto: $0Fiat Withdrawals: $0 Crypto: $0Visit Swyftx

CoinSpot Logo

POLi, PayID, Cash, Cryptocurrency, Bank Transfer, BPAYAustralian DollarsMore than 370OTC: 0.1% Market Order: 0.1%* (applies to LTC, BTC, ETH, XRP, POWR, DOGE, TRX, NEO, XLM, GAS, RChain, RFOX, EOS) Instant Buy/Sell: 1% Direct Deposit: $0 Direct Bank Transfer: $0 BPAY: 0.9% Cash: 2.5% PayID, POLi, and direct deposits: $0 Fiat Withdrawals: $0Visit CoinSpot

Binance Logo

Osko, PayID, Credit Card, Debit Card, CryptoUS Dollars, Australian Dollars, and 8 moreMore than 6000% to 0.1%$0VaryVisit Binance

Bybit logo

Crypto, EFT, wire transfer, bank transfer, debit card or credit card50+More than 1600.1% to 0.6%Bank transfer: $0Network feesVisit Bybit

Independent Reserve
Independent Reserve Logo

EFT, SWIFT, Osko, PayID, CryptoAustralian Dollars, US Dollars, New Zealand Dollars270.05% to 0.5%For SWIFT Deposits: $15 for deposits under AU$5,000 equivalent $0 for deposits over AU$5,000 equivalent For EFT Deposits: AU$0.99 for deposits under $100 $0 for deposits over AU$100Crypto: Vary Bank Transfer: $0 for AUD, $20 for non-AUDVisit Independent Reserve logo

SWIFT, Crypto, Fedwire, Wise, PayPal, SEPA, BPAY, Bank Transfer (ACH), Debit Card, Credit CardUSD, AUD, CAD, CHF and 15+ more250+ 0.04% to 0.4% 0% for cryptocurrency and fiat currencies FREE via bank transfer. $25 for USDC withdrawal via SWIFT NetworkVisit

Coinbase Exchange Logo

EFT, SWIFT, Osko, PayID, CryptoAustralian Dollars, US Dollars, New Zealand DollarsMore than 210Fees VaryDebit Card and Credit Card: 3.99%Spending USDC with Coinbase Card: $0 ATM Withdrawals: 2.49%Visit Coinbase

Coinjar logo

Apple Pay, Google Pay, Credit Card, Debit Card, Bank Transfer, Fiat, CryptoAustralian Dollars, Pound SterlingMore than 50+Taker: 0.04 to 0.1% Maker: 0.04 to 0.1%CoinJar Users: $0 NPP: $0 Cash: 1.5%$0Visit CoinJar

Kraken Logo

Apple Pay, Google Pay, SWIFT, Osko, SEPA, Crypto, Wire Transfer, Bank TransferAustralian Dollars, US Dollars, and 5 moreMore than 140Taker: 0.10% to 0.26% Maker: 0.00% to 0.16%VaryVaryVisit Kraken

BTC Markets
BTCMarkets exchange logo

Crypto, BPAY, EFT, PayID, OskoAustralian DollarsMore than 15Taker Fee (for Bitcoin pairs): 0.20% Maker Fee (for Bitcoin pairs): -0.05% Australian Dollars Market Pairs: 0.10% to 0.85%$0Australian Bank Accounts: $0 Cryptocurrencies: VaryVisit BTC Markets

Easy Crypto
EasyCrypto Exchange Logo

P2P, POLi, and Bank TransfersAustralian Dollars, New Zealand Dollars, South African RandMore than 401%$0$0Visit Easy Crypto

coinstash logo

Cryptocurrency, Bank Transfer, PayID AUDMore than 140Taker fees: 0.85% Maker fees: 0.85%$0$0Visit Coinstash

eToro Logo

Online Banking, Skrill, Neteller, PayPal, Bank Transfer, Debit CardAustralian Dollars, US Dollars, Euro, and 12 moreMore than 70VaryVary$5 (minimum withdrawal of $50)Visit eToro

Kucoin Exchange Logo

Credit Card, Debit Card, SEPA, PayPal, Wire Transfer, CryptoUS Dollars, Euro, Australian Dollars, and 6 moreMore than 6450.1%$0VaryVisit KuCoin