- Comparison
- Binance vs Crypto.com
Trading cryptocurrencies with the best exchange will ensure a secure environment that fully supports your desired trading strategies, but which one is the better choice for your needs: Binance or Crypto.com?
We have conducted an in-depth review of Binance and Crypto.com to determine which presents the better overall choice and which traders will benefit the most at either broker.
- Features and Platforms
- Available Markets
- Typical Spreads and Fees
- Security and Trust
- Binance vs Crypto.com- Verdict
Headquarters | Malta | Singapore |
Regulators | AMF, ASIC, CNMV, CONSOB, FMA, KNF, SEC, SFSA | ASIC, MFSA |
Tier 1 Regulator(s)? | ||
Owned by Public Company? | ||
Year Established | 2017 | 2016 |
Execution Type(s) | Market Maker | Market Maker |
Minimum Deposit | $0 | $0 |
Negative Balance Protection | N/A | |
Trading Platform(s) | Other, Proprietary platform, Web-based+ | Proprietary platform, Web-based |
Retail Loss Rate | Undisclosed | N/A |
Islamic Account | ||
Signals | ||
US Persons Accepted? | ||
Managed Accounts | ||
| Get Started | Get Started |
Here is a snapshot of the most notable advantages of Binance:
- The world’s leading cryptocurrency exchange with 150M+ traders globally
- Algorithmic and API trading supported.
- 300+ assets with low transaction fees
- Exchange that is famed for an open dialogue with its client base.
- Industry-leading cryptocurrency ecosystem
- An average daily trading volume of $65+ billion
- Copy trading functionality.
- It is an excellent cryptocurrency exchange that does not give in to regulatory pressures.
Here is a snapshot of the most notable advantages of Crypto.com:
- 80M+ traders from 90 countries
- Cutting-edge trading tools and services
- Deep liquidity
- Algorithmic trading
- Margin and derivatives trading
- Active NFT marketplace
- Five-tier Visa debit cards with up to 5% cashback in CRO
- Outstanding educational content for beginners
- 100% of the client's cryptocurrencies are held in cold storage via a partnership with Ledger.
Features & Platforms
MT4 | ||
MT5 | ||
MT4/MT5 Add-Ons | N/A | |
cTrader | ||
Proprietary Platform | ||
Automated Trading | ||
Social/Copy Trading | N/A | |
DOM? | ||
Guaranteed Stop Loss | ||
Scalping | ||
Hedging | ||
One-Click Trading | ||
OCO Orders | ||
Interest on Margin | ||
| Get Started | Get Started |
Available Markets
Currency Pairs | N/A | |
Cryptocurrencies | ||
Commodities | ||
Crude Oil | ||
Gold | ||
Metals | ||
Equity Indices | N/A | |
Stocks (non-CFDs) | ||
Bonds | N/A | |
ETFs | ||
Options | N/A | |
Futures | ||
Synthetics | ||
| Get Started | Get Started |
Both cryptocurrency exchanges have an NFT marketplace and cover the top 100 crypto assets by market capitalization.
Here is why we rate Binance as a better choice for most traders:
- Better asset selection
- Digital tokens
- DeFi solutions
- Liquid staking
- Gaming
Typical Spreads & Fees
Average Trading Cost Bitcoin | 0.018% to 0.10% | 0.04% to 0.40% |
Deposit Fee | N/A | |
Withdrawal Fee | N/A | |
Inactivity Fee | N/A | |
| Get Started | Get Started |
Which cryptocurrency exchange is the more competitively priced?
Binance and Crypto.com maintain a multi-tier maker-taker fee model, where the former starts with 0.1000% for non-VIP traders on the first rung of price tiers or 0.0750% for BNB-denominated transactions. The latter shows minimum transaction fees four times higher at 0.4000% and offers a potential 10% discount to qualifying traders, lowering it to 0.3600%.
Account Types
Account Types | Binance | Crypto.com |
|---|---|---|
Commission-free Accounts | No | No |
Commission-based Accounts | Yes | Yes |
Demo Accounts | Yes | No |
Islamic Accounts | No | No |
Social / Copy Trading | Yes | No |
Managed Accounts | No | No |
Traders at both cryptocurrency exchanges will pay trading fees through their accounts, but Binance maintains a significant cost advantage in its operating fees for clients over Crypto.com.
What should cryptocurrency traders consider when evaluating the Binance and Crypto.com account types?
Here is what stands out the most:
- Both cryptocurrency exchanges support API trading and have non-API native-to-platform algorithmic trading solutions.
- Binance has demo accounts, which need to be included at Crypto.com.
- Binance features in-house copy trading solutions.
Minimum Deposit
Deposit Snapshot | Binance | Crypto.com |
|---|---|---|
Minimum Deposit | $0 | $0 |
Deposit Fees | Third-party | Third-party |
E-wallets | No | No |
Cryptocurrencies | Yes | Yes |
Localized Methods | Yes | Yes |
Total Deposit Methods | 800+ | 75+ |
Supported Deposit Currencies | USD, EUR, GBP, 27+ | USD, EUR, GBP, 4+ |
Does Binance or Crypto.com have the better deposit infrastructure?
Both cryptocurrency exchanges have a $0 minimum deposit. Crypto.com presents an excellent list of options for many traders who can fund via debit Visa card and 75+ cryptocurrency deposit options. Binance offers a debit card option, too, and over 800+ total deposit methods, including localized ones and P2P transactions, making it the more convenient overall exchange for flexibility in this area.
Minimum Withdrawal
Withdrawal Snapshot | Binance | Crypto.com |
|---|---|---|
Minimum Withdrawal | Asset-dependent | Asset-dependent |
Internal Withdrawal Fees | Yes | Yes |
Internal Processing Times | Between 30 and 60 minutes | Two to three hours |
Which cryptocurrency exchange makes it easier for traders to withdraw their funds?
Both exchanges support many crypto assets, but Binance has 800+ versus 75+ at Crypto.com, ensuring more flexibility. Binance allows credit/debit card withdrawals but levies a 2.00% fee, while Crypto.com only processes fiat withdrawals via bank wire, which often also attracts a fee.
Binance supports more fiat currency accounts and processes withdrawals faster than Crypto.com, and it prefers traders to use its debit Visa card to make fiat transactions.
Security & Trust
Country of the Regulator | United Arab Emirates, Australia, Bahrain, Spain, France, Indonesia, Italy, Japan, Kazakhstan, Lithuania, Mexico, New Zealand, Poland, Sweden, Thailand, South Africa | Australia, Spain, France, Malta, Netherlands, United Kingdom |
Name of the Regulator | AMF, ASIC, CNMV, CONSOB, FMA, KNF, SEC, SFSA | ASIC, MFSA |
Regulatory License Number | N/A | Authorised as an EMI, Class 3 Virtual Financial Assets Service Provider, Authorised as a DASP, registration with DNB, Authorised as a VASP, 467462 |
Regulatory Tier | 1,1,1,1,1,1,5,5,5,2,1,2,1,1,2,2,4,2 | 1, 1, 1, 1, 1, 1 |
| Get Started | Get Started |
Which cryptocurrency exchange is more secure and trustworthy?
Both cryptocurrency exchanges excel at security and trustworthiness, but Binance is more integrated into the global blockchain movement. Crypto.com keeps 100% of client cryptocurrencies in cold storage via a partnership with custodian Ledger and has a $750 million insurance policy securing its cold storage funds against physical damage, destruction, and theft.
Traders at Binance can verify assets 24/7 via proof of reserves using Merkle Tree and zk-SNARKs, and Binance keeps 100%+ of client assets as reserves.
However, it must be noted that Binance was fined $4.8 billion US, and the CEO stepped down in 2023, leading to increased questions regarding the reliability of Binance, which pleaded guilty to money laundering, unlicensed money transmitting, and sanctions violations.
Broker versus Broker Verdict
Binance
Pros | Cons |
|---|---|
Trusted exchange with its own cryptocurrency and low trading fees | Beginners face a learning curve due to the scope of products and services |
350+ assets, plus options and futures trading, staking, and NFTs | |
Cutting-edge trading platform, algorithmic trading, and API support | |
P2P trading via bank transfers or 800+ options |
Crypto.com
Pros | Cons |
|---|---|
Cutting-edge trading tools and services for the entire cryptocurrency spectrum | Limited cryptocurrency asset selection considering the size of the market |
Deep liquidity and a competitive multi-tier cost structure | |
Margin and derivatives trading plus an NFT marketplace | |
A secure trading environment with regulatory licenses in select jurisdictions |
Is Binance or Crypto.com the better cryptocurrency exchange?
Both exchanges maintain a competitive, integrated cryptocurrency ecosystem.
Here is our verdict:
Crypto.com excels with its Visa debit card, educational content section, and thriving DeFi ecosystem. Binance leads amid better cryptocurrency coverage, overall trading experience costs, and additional services. However, some investors may justifiably fear Biance due to their recent regulatory issues. We suggest conducting deeper research into what changes have been made at Binance since November 2023.
You might also be interested in reviewing the below broker comparisons:
- Crypto.com vs eToro
- Binance vs Coinbase
- Binance vs Kraken
Read full Binance Review
Read full Crypto.com Review
FAQs
Is Binance still banned in the USA?
There is no Binance ban in the USA, but Binance.us is an uncompetitive exchange, as it operates as a watered-down shell of its international business versus others catering to the US.
Should you trust Binance?
Traders can trust Binance, which many consider one of the global leaders in everything related to crypto, security, trustworthiness, and the genuine crypto lifestyle. However, it was convicted of money laundering, unlicensed money transmitting, and sanctions violations in November 2023.
Is it safe to buy on Crypto.com?
It is safe to buy on Crypto.com. The provider is considered one of the safest cryptocurrency exchanges industry-wide, and the firm keeps 100% of client assets held in cold storage via Ledger.
Is Crypto.com as good as Binance?
It depends on individual preferences and the cryptocurrency strategies you intend to deploy, as both exchanges offer a pretty competitive trading environment.
