Close this search box. vs Binance Comparison – Where To Trade?


February 7, 2024
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If you are on the hunt for a reliable crypto exchange, you probably have heard about and Binance. The two tier-1 exchanges are top choices for crypto enthusiasts from all around the world. is one of the oldest crypto exchanges and Binance is the largest crypto exchange. In this side-by-side comparison of vs Binance, we will uncover everything that you need to know. After reading this guide, you will know exactly if you should use or Binance. Let’s figure out which crypto exchange suits you best!

First of all, we will provide you with a table where you can compare all key measures of Binance and at a glance.

This table compares all key measures of Binance and, two of the largest crypto exchanges in the world!


Overview was launched in 2013 and is therefore one of the oldest cryptocurrency exchanges. With over 1000 employees and its headquarters in the Cayman Islands, serves over 10 million crypto enthusiasts from over 150 different countries.

With over 1700 cryptos to trade, offers the most cryptocurrencies as of 2023. Over $7 billion in trading volume is consistently reached on, ranking it among the top 10 exchanges sorted by activity. The user-friendly interface and low futures trading fees guarantee a great experience for crypto day traders.

Furthermore, offers many products including but not limited to, staking, mining, copy trading, a crypto debit card, and much more. Home Page




Changpeng Zhao founded Binance, the biggest cryptocurrency exchange, in 2017. Dubai is currently home to the Binance corporate headquarters. With a daily trading volume of over $30 billion, Binance is without a doubt the top cryptocurrency exchange based on volume, and in 2023, it expects to reach over 150 million customers.

Over 350 different cryptocurrencies are available to traders across 1600 trading pairs, which are even settled in FIAT currencies like EUR, GBP, TRY, and more in addition to stablecoins like USDT or BUSD. Many day traders use the Binance futures market with up to 125x leverage to increase their profits while enjoying low fees.

In addition, Binance provides a wide range of products in addition to trading. Binance provides the broadest selection of crypto-related services, with a sizable “Earn” section for passive revenue, an NFT marketplace, and even crypto loans and a debit card.

Binance Home Page


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Trading on vs Binance

Spot and Futures Trading prides itself on supporting the most cryptocurrencies on the spot market. With over 1700 listed cryptos, made it to number 1 in our list of the crypto exchanges with the highest number of cryptos. With over $7 billion in daily trading volume, is one of the largest crypto exchanges in terms of activity. If that is not enough, offers 0% taker fees on the spot market, as well as completely 0% fees on BTC-marginated futures contracts. For the other spot pairs, the fees are at 0.2%.

The futures market of supports over 200 trading pairs, mostly settled in USDT, and supports 200x leverage. What we like most about the platform is the user-friendly terminal and smooth experience. has done a great job of developing a flawless interface. With maker fees of 0.015% and taker fees of 0.05%, offers some of the lowest futures fees in the crypto space. For options traders, even offers European-style options for BTC and ETH. Trading Interface


On the spot market, Binance supports more than 380 different cryptocurrencies with 0.1% trading fees. Along with USDT, BUSD, TUSD, and even FIAT currencies like EUR, GBP, BRL, TRY, and others, you can trade these cryptocurrencies. For traders who don’t want to employ stablecoins, Binance is a top option because of the FIAT support.

Binance supports approximately 250 different cryptocurrencies on the futures market, with the majority of trades settled in USDT and BUSD. The Binance futures platform does not accept FIAT pairs. Fees for makers and takers begin at 0.02% and 0.04%, respectively.

User-friendliness is one of the main drawbacks of trading on Binance. Due to the extensive selection of products, sophisticated order kinds, options, and features, the site is not always easy to use and navigate. Beginners in particular could find it challenging to understand the platform.

Binance Trading Interface


In terms of order types, the exchanges are very similar yet again. Both exchanges support advanced order types such as Iceberg, trailing stop, Post-only, and conditional orders. Binance even offers TWAP orders.

While charges higher fees, we still think that spot traders will have a better time on due to the high number of tradable assets. offers many cryptos and therefore opportunities to make money in the crypto market. Whatever you are looking for, most likely has it on its spot market!

For futures traders, Binance seems to be the better option. With more trading pairs and lower fees, crypto day traders will have everything they are looking for on the Binance futures market.


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For spot trading, offers 0% taker fees for all USD, BTC, and ETH trading pairs. Other pairs are taxed at 0.2% maker and taker fees. However, by holding the GT token, you receive a 25% fee discount, leaving you with 0.15% spot trading fees. Spot Fees


Spot traders on Binance enjoy fees of 0.1% for makers and takers. Binance also offers a 25% fee discount when holding the BNB token which leaves you with 0.075% fees which is a great rate.

Binance Spot Fees


The futures trading fees on start at 0.015% maker and 0.05% taker fees. Unfortunately, there is no fee discount for GT holders. However, based on your 30-day trading volume, you can reduce your fees. What we like most about the fee structure is how easy it is to climb up the VIP ladder. It only requires a 30-day trading volume of $1 million to reduce your maker fees to 0.04%. The highest VIP level on enjoys 0% maker and 0.02% taker fees. You can check out the official fee schedule of here. Futures Fees


On the futures market, Binance charges 0.02% maker and 0.04% taker fees. Only MEXC can compete with these costs, which are some of the lowest in the crypto industry. Again, by owning the BNB token, you may cut your trading costs on the futures market by 10%, leaving you with level 1 fees of 0.018% for makers and 0.036% for takers.

Limit orders are even compensated for at VIP level 9, where Binance fees are -0.01% maker and 0.0207% taker. You can check out the official fee schedule of Binance here.

Binance Futures Fees


For fees, Binance clearly takes the lead. With lower default fees and higher discounts, Binance offers some of the best fee rates in the crypto space.


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Features and Products

Binance and are the most comprehensive cryptocurrency exchanges with tons of products and features. You will quickly see how similar Binance and are when comparing features and products. In fact, is one of the few exchanges that can actually keep up with Binance in this section. has a big Finance section where you can access various passive income products, including, but not limited to:

  • Lend, HODL & Earn
  • Auto investment
  • Crypto Lending
  • Dual Investment
  • Crypto loans
  • Staking
  • Mining

Furthermore, has its own crypto card, similar to the Binance card. Earn and Finance


Where beats Binance is the copy trading feature. has integrated a fully functioning copy trading feature where you can follow experienced traders with just a few clicks. Unfortunately, Binance has not directly integrated a copy trading feature. As of 2023, Binance has partnered up with TraderWagon, a third-party application that supports copy trading for Binance traders. Copy Trading


In the Earn and Finance section, crypto enthusiasts can make passive income with Binance earn, liquidity farming, mining, ETH staking, automated range trading, auto-invest, dual invest, and DeFi staking. Additionally, you may apply for the Binance crypto card, which offers up to 8% cash back on purchases, and obtain cryptocurrency loans.

Binance Earn and Finance


As mentioned above, the two exchanges are very similar in terms of products and features. If you are looking for passive income products, both exchanges have tons of opportunities waiting for you.

If you are interested in copy trading, is better for you. However, if you plan to spend your cryptos with a Visa card, the Binance card offers higher cash back rewards of up to 8%, compared to with only 1%.




Signup and KYC Process

It is incredibly easy and simple to register on and Binance. and Binance allow you to utilize your email or phone number to register on the platforms. Next, create an account and pick a secure password. Be sure to use the 6-digit number you will receive in your inbox to confirm your account. You are now prepared to move on to the next item on the list, KYC verification. is a non-KYC exchange, allowing you to trade in anonymity. However, there are some benefits, such as increased withdrawal limits, to having your identity verified on

On the other hand, before using any of its services, Binance needs all of its users to confirm their identities. KYC Requirements


At Level 1 KYC, Binance requires facial recognition. You must upload a photo of your face as well as a photo of a personal document such as an ID, passport, or driver’s license. Lastly, you must provide proof of residency for level 2 KYC.


Deposits and Withdrawals


Both exchanges provide free deposits for all popular cryptocurrencies without any fees. Simply create an address for your wallet and send your cryptocurrency there. Ensure that you select the appropriate network.

Unfortunately, does not offer FIAT deposits. If you want to buy cryptos, you can use their crypto direct purchase feature.

Binance has an advantage in terms of deposits made in FIAT. More than 40 different FIAT currencies, including EUR, BRL, TRY, AED, AUD, and others, can be deposited into a Binance account. With a cost of 1€ for bank transfers (SEPA) and a fee of 1.8% for cards, Binance accepts FIAT deposits.

Furthermore, both platforms offer you to buy cryptos directly via credit card with a fee of 1-3% based on your currency and payment method.



All popular cryptocurrencies are available for withdrawal on both platforms. For every cryptocurrency and network, there are different fees. On both platforms, USDT via the TRC20 network costs $1 and appears to be a trustworthy alternative. does not offer FIAT withdrawals. If you want to send your profits back to your bank account, you must use the P2P market on For this, you have to verify your identity and finalize the KYC process.

Binance FIAT Withdrawals


Yet again, Binance takes the lead in terms of FIAT support. You can withdraw over 40 FIAT currencies to your bank account or card. The fees range between $1 to 3% based on your currency and withdrawal methods. The cheapest options are bank transfers (SEPA) for EUR and GBP which are fixed at 1€ / 1£ and take 1-3 working days to arrive. Card withdrawals are more expensive, however, they are processed immediately.


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Customer Support

Binance and both support 24/7 live chat support in the bottom right corner. Binance has an average response time of 3-5 minutes, while has an average response time of 1 minute. Both support teams are helpful and knowledgeable and ensure a great customer support experience.

Furthermore, and Binance have a massive self-help center where thousands of frequently asked questions are covered in depth.



In terms of security, Binance and are leaders in the industry. While both exchanges have been hacked before, the users were all refunded. Binance and also both have a SAFU fund (Secure Asset Fund for Users). Binance SAFU fund is now worth over $1 billion while has accumulated over $100 million.

Binance SAFU Fund


Lastly, both exchanges provide proof of reserves. Unfortunately, only provides PoR for BTC and ETH, while Binance provides PoR for the 28 most held cryptos on the platform, ensuring the highest level of transparency and security for investors.

Binance Proof of Reserves


With a larger security fund and more comprehensive reserve data, we consider Binance to be the winner in terms of security and transparency. However, still seems to be a good choice for traders that look for a reliable option!


Visit Binance



The comparison between and Binance was a very tough one! Both exchanges are at the top of the game in terms of features. However, there are subtle differences that you should take into consideration before opening an account. is a top choice for spot traders that are looking for a wide variety of tradable assets. While the spot fees on are higher, the overall spot trading experience is better due to the superior interface and the number of coins.

Furthermore, is the best option if you are looking for a reliable copy trading platform. With a directly integrated copy trading feature, offers you a simple way to follow experienced traders. Binance requires a third-party integration called TraderWage, which is more complicated to set up.


However, when it comes to day trading on the futures market, Binance is the better option. With more trading pairs, lower fees, and the most advanced order types, Binance is a top choice for futures traders.

Lastly, the comprehensive FIAT support on Binance should not be underestimated. By allowing over 40 FIAT currencies for deposits and withdrawals, Binance ensures ease of use for users that are looking for reliable options to on- and offramp their local currency.

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