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
	Visit Website	Visit Website

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
	Visit Website	Visit Website

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
	Visit Website	Visit Website

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
	Visit Website	Visit Website

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

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

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

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
	Visit Website	Visit Website

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

Crypto.com

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

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.