Buy $100 worth of crypto and get a bonus $10

  • Trade crypto and digital assets
  • Significant sign-up bonuses
  • The most trusted finance platform

Disclaimer: eToro USA LLC; Investments are subject to market risk, including the possible loss of principal. Your capital is at risk. This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) &USA (by eToro USA LLC) which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

Choosing the right cryptocurrency exchange can be a daunting task, especially if you are new to crypto. On the one hand, you do not want to miss out on the many perks offered on one platform and at the same time, but you also don’t want to have your funds stuck in a siloed system that offers minimal benefits.

With a plethora of exchanges to choose from, and are by far some of the top choices to pick from as both exchange platforms are trusted and well established.

However, when it’s all said and done, you’ll probably want to settle on one exchange as your go-to place to make crypto trades. In this guide, we give you a detailed comparison of both services with a keen look at the relevant information you will need to help you make an informed choice.

Read MoreRead Less Quick Overview

To begin with, let’s have an overview of This is an investing and staking platform that boasts of being the fastest-growing crypto app and was founded by Kris Marszalek in 2016. With a team of more than 900 members, is well-positioned to serve its community of users, whose numbers now stand at more than 10 million.

This crypto exchange and investment platforms offer a variety of features, including a metal Visa crypto card that features an 8% reward for all spending, a crypto wallet that comes with a mobile app, as well as a crypto credit service that offers loans in crypto. What’s more, just launched an NFT marketplace where users can discover and exchange new NFTs.

Overall, is a reputable exchange and crypto platform with no reported fraud or hacking cases so far. With this platform, you can expect nothing short of premium-level services built for privacy, security, and compliance with regulatory rules and guidelines. Exchange Logo Exchange

  • One-stop shop for crypto with built-in exchange, app, lending platform, debit card and more
  • Native CRO token gives users a huge variety of perks and can be staked for over 10% APY
  • Potential for earning high amount of interest when storing digital assets on
  • A long-term goal of building cryptocurrency adoption on whole
Funding Methods Crypto, bank transfer, credit card, debit card
Cryptocurrencies 200+
Countries 80+ Pros and Cons


  • Highly reputable and trusted platform

  • Relatively low fees

  • Industry-leading Visa card with cashback rewards

  • Allows the user to earn interest on crypto holdings


  • Customer support could be better

  • Insufficient educational resources

  • Rewards are paid out in the platform’s volatile native crypto token

Binance Quick Overview

The Binance exchange was founded in 2017 at the peak of the previous crypto bull run by Changpeng Zhao. So far, the company has grown to become the world’s leading crypto exchange by trading volume.

With more than 300 supported cryptocurrencies, it is easy to see why Binance is the leading crypto exchange in terms of the trading volume. At the moment, Binance boasts of a daily trading volume of $27.76 billion, according to data from CoinRanking. This alone gives a win compared to’s daily trading volume of $4.32 million.

Adding to its generous list of supported cryptocurrencies, Binance features more than 1,000 market pairs on its platform. It also comes with a variety of trading alternatives, including a futures and derivatives trading market, a spot exchange, and also a margin trading option, to mention a few. Similar to, Binance also offers an NFT marketplace where users can exchange or discover new NFTs.

Binance Logo


  • Easy sign-up process
  • Lowest transaction fees of any major exchange
  • 175+ different digital assets available
  • Free deposits
Funding Methods Debit & Credit Card, Wire Transfer, ACH
Cryptocurrencies 175+
Countries 100+
Binance offers a relatively secure, versatile way to invest in and trade cryptocurrencies. The platform could be overwhelming for both beginners and experienced traders. Binance offers lower fees than many other cryptocurrency exchanges.

Binance Pros & Cons


  • A wide variety of supported cryptocurrencies

  • Features a native token for discounted trading fees

  • Good customer service

  • Accessible in most parts of the world


  • The full is not available in the USA

  • Coins are often suspended, leaving users in the dark

  • Its user interface can be intimidating to beginners

Beginner Friendliness

Both and Binance offer a standard user interface when you first sign up on either platform.

With, you get an easy-to-use mobile app that you can download on both Apple devices as well as Android. does a good job at simplifying the process of trading crypto, especially on its mobile app. You can trade crypto on the mobile app and transfer coins from one wallet to the other with ease. In addition, also comes with an advanced trading platform that features sophisticated charts for advanced traders.

Even though Binance features nearly the same interface as, Binance offers a much more sophisticated mobile app that can be a bit intimidating to most beginners. There is an even steeper learning curve when you visit the Binance desktop app as it is similar in complexity to its mobile app. When it’s all said and done,’s mobile app offers a more minimal and simplistic experience that is friendly to beginners.

Trust & Security

Binance is currently being investigated by several financial bodies and its platform is not regulated in various jurisdictions including the US and the UK. Furthermore, hackers stole 7,000 bitcoin in 2019 from the exchange in a security breach.

Although the hack was mostly due to the loss of users’ 2FA credentials which is beyond the company’s control, the hack is a good reminder never to leave large amounts of your funds on an exchange’s hot wallets.

Binance has since made efforts to cover the losses its users encountered from the hack with funds from its Secure Asset Fund, not to mention upgraded its security system with more rigorous KYC and AML processes., on the other hand, has never been hacked and similar to Binance, its platform features multi-factor authentication and anti-phishing measures. also claims that 100% of its user’s cryptocurrencies are held in offline cold storage, which is more than you can get on Binance.


When it comes to fees, both platforms seem to be on the same level as both platforms charge maker and taker fees based on trading volume generated by the trader. For Binance, a 30-day trading volume worth less than 50 BTC will attract a maker and a taker fee of 0.1%. Using the Binance coin at all levels will attract a 25% discount. will charge a 0.05% maker fee and a 0.07% taker fee for traders who pull in a 30-day trading volume below $25,000. Monthly trading volumes below $50,000 on attract a fee of 0.04% and 0.065% for makers and takers respectively.

Sign-Up Process

The sign-up processes on both platforms are similar. Both platforms require users to go through KYC and AML processes to verify their accounts.

With Binance, the more verification documents you submit the higher your VIP level and the more your can withdraw from your wallet. Therefore, you can expect verification processes on Binance to take up more time.’s sign-up processes are slightly faster, and approval is quick.

Available Cryptocurrencies

Binance takes the win when it comes to the number of supported cryptocurrencies as it hosts more than 350 cryptocurrencies on its exchange with numerous market pairs to choose from., on the other hand, supports about 150 cryptocurrencies.

Standout Features

One of the most outstanding features on is their metal Visa card that allows users to spend their crypto holdings and receive a cashback reward with every purchase. The only dealbreaker is the fact that the rewards are offered in native CRO token, which can be volatile at times. The exchange also comes with the capacity for earning interest with your crypto holdings plus, although they are a centralized platform, they offer a DeFi service that lets your swap a variety of DeFi tokens.

Binance also stands out in terms of the variety of cryptocurrencies you can trade, plus the many pairs that are available on its platform. Also, if you are looking to trade derivatives, perpetual swaps, and futures in the crypto space, Binance would be a great place to start. However, derivative trading is risky. Also, Binance has the most liquidity as the top crypto exchange in terms of trading volume,

One standout feature for both exchanges is their considerable “earn” features. You can earn up to 14.5% APY on your crypto holdings on and Binance offers the ability to earn up to 20% on popular coins like AVAX and NEAR. Binance also offers staking while has staking in their standalone CRO DeFi wallet.

Coinbase vs vs Binance

When comparing and Binance there’s an elephant in the room: Coinbase.

Coinbase is arguably the best exchange for crypto beginners and it’s the only exchange in the that’s regulated enough to be publicly traded on the Nasdaq Stock Market. It’s one of the single easiest ways to get started with crypto.

Of course that doesn’t mean and Binance are without merit compared to Coinbase. Binance offers lower fees, more volume and a wider selection of cryptocurrency pairings. Meanwhile we tend to like’s debit card slightly better thanks to its amazing perks but that will, ultimately, be a subjective choice.

Coinbase logo new


  • Beginner-friendly UI make it easy to make quick buys
  • One of the oldest and most reliable exchanges
  • Earn $200 in free crypto after completing sign-up process. Terms apply.
  • Variety of products including exchange, staking, wallet
  • Advanced Trading options for experienced traders
Funding Methods Debit & Credit Bank, PayPal, ACH, Bank Transfer, e-Transfer
Cryptocurrencies 100+
Countries 100+

Can You Transfer From to Binance?

You can transfer between all major cryptocurrency exchanges including Binance and You transferring using cryptocurrency networks.

For instance if you want to transfer Ethereum you find your ETH wallet on Binance, copy it, and then paste it into when you’re ready to transfer funds.

Be warned that most cryptocurrency exchanges charge a withdrawal fee in addition the regular transfer fee that you will be paying the network of the crypto you are transferring. In other words, try to avoid transferring cryptocurrencies too often.

Conclusion: Binance Has More Options, Has Best Visa Card

Determining the right exchange between and Binance comes down to the individual needs of every trader. As usual, different trading strategies require different sets of tools.

If you are looking for an easy way to buy and trade crypto with a credit or debit card, is a great option. However, if you want to perform high-frequency trades and strategies that require high levels of liquidity across a variety of markets, Binance offers the best choice.

One thing to keep in mind is that if you’re in the USA than both and Binance are more limited. For you can only use the app (not the full exchange) and for Binance you can only use the far more limited

Foer Americans the vs. debate might come back to that killer CRO debit card. simply doesn’t have anything compete with it. That said, fees are generally less on

Jinia Shawdagor

About the Author

Jinia Shawdagor

Jinia is a fintech writer based in Sweden focused on the cryptocurrency market and blockchain industry. With years of experience, she contributes to some of the most renowned crypto publications such as Cointelegraph, Invezz and others. She also has experience writing about the iGaming industry.


Sign-up for Binance to get a bonus of up to $50.

Back To Top