Binance vs. Crypto.com
By Top 10 team Published May 22, 2022
Binance vs. Crypto.com:
The top 10 Crypto team is dedicated to ranking and comparing top exchanges in the market. To review references used in this review, please revert to the reference table at the end of this review. this review is not sponsored.
With so many exchanges to select from, Binance.com and Crypto.com are by far the most popular, since both exchange systems are reliable and well-established.
When it’s all said and done, you’ll probably want to stick with one exchange as your primary cryptocurrency trading platform. In this article, we’ll provide you with a full comparison of both services, as well as a close examination of the facts you’ll need to make an informed decision.
To assist readers in selecting a platform, we compared Binance vs Crypto.com by examining supported currencies, security measures, overall fees, and features.
- Fees: 0.02% to 0.10% purchase and trading fees, 3% to 4.5% for debit card purchases, free Single Euro Payments Area (SEPA) transfer, or $15 per U.S. wire transfer
- Currencies: Over 500
- Security: 2FA verification, FDIC-insured USD balances, device management, address allow listing, cold storage
- Wallet: N/A
- Transactions Supported: Limit order, market order, stop-limit order, trailing stop order, post only order, peer-to-peer trading, margin trading, one-cancels-the-other order, and more
- Max. Daily Trading Amount: Limits differ based on the cryptocurrency purchased
- Mobile App: iOS and Android
Low trading fees
Tutorial resources available
Trading fee discounts available
Lengthy KYC identity verification process
Not available in the US
Lacks transparency
- Fees: 0.04% to 0.4% maker fees, 0.1% to 0.4% taker fees, plus 2.99% for credit card purchases
- Currencies: 150+
- Security: Two-step verification, FDIC-insured USD balances up to $250,000, platform insurance against theft, cold storage, and uses a bug bounty program
- Wallet: Multi-factor authentication, biometric, private keys locally encrypted
- Transactions Supported: Buy, sell, send, receive, withdraw, and exchange
- Max. Daily Trading Amount: 30-day rolling withdrawal limit of 500,000 USD
- Mobile App: iOS and Android
- Lower fees than other well-known platforms
Added benefits for staking CRO
Multiple ways to earn crypto or interest
- Poor customer service
Fees are higher unless you own and utilize CRO.
Trading fee reductions might be difficult too.
Methodology
Crypto.com and Binance share 16 similar advantages, yet differences exist. First, we evaluated both platforms by looking at the advantages each platform provides, whether it is through their application or web platforms, such as tutorials and guides for beginners, advanced features for experienced traders, fees associated with trading and withdrawal, and the signup bonus you can claim today.
Verdict on Binance vs Crypto.com:
The best exchange between Crypto.com and Binance is determined by the specific demands of each trader. Distinct trading techniques necessitate different sets of tools, as is customary.
Crypto.com is an excellent alternative if you want to buy and sell cryptocurrency with a credit or debit card. Binance, on the other hand, is the ideal option for high-frequency trading and techniques that demand large levels of liquidity across a range of marketplaces.
One thing to bear in mind is that both Crypto.com and Binance are restricted in the United States. You can only use the app (not the entire exchange) for Crypto.com, and you can only use the far more restricted Binance.us for Binance.
at Binance.com
at Crypto.com
